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Northern Oil and Gas, Inc. Message Board

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  • jackhiller@ymail.com jackhiller May 10, 2011 12:43 AM Flag

    Bot this crap yesterday (Friday)

    james,

    You forgot to throw in that the big dog is a scurilous hunter. I do sympathize with your having a short position and waging propaganda warfare to feel better while you fight the Williston Basin play.

    NOG is valuable simply as a resource play whose value is increasing as new wells deliniate the extent of O&G deposits and improvements in fracking tech continue to raise the estimated recovery amounts.

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    • jack you are putting words in my mouth, I'm not fighting the Williston Basin, I think it is an important Oil find and will be profitable long term for the operators. Short term there may be a bit of a bubble as expectations have run ahead. NOG appears to be the most overvalued of the players there, so I don't think the bottom is in yet for NOG, mid to low teens is not unrealistic.

      I don't post propaganda, I post facts along with my own opinions. Everyone is entitled to their view.

      As for that big hunting dog, do you mean NOG CEO Michael Reger and his brother poaching deer out of season? That's is a fact not propaganda.

      Looks like the stock will gap up this AM on low volume, then I think it will sell down in regular market. Pre market traders often don't make sense. I think the share repurchase plan in theory is a good idea, but often it is done for PR, and companies don't follow through with it, or take a long time to buy back the stock. If NOG is going to use its cash and not issue more shares to cover land leases, costs and pay top management, then its probably not going to want to use the cash to buy back shares. NOG will need to conserve its cash, that seems like pretty simple logic to me.

 
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