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Northern Oil and Gas, Inc. Message Board

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  • jackhiller@ymail.com jackhiller May 11, 2011 3:37 PM Flag

    Canaccord Reiterates Buy, target 40

    Yup :)

    By the way, for james and his fellow shorts (and their shorting is a very reliable indicator for the price going higher as they panic), if on a day like this where the price of oil is crashing on its supply-demand fundamentals, it cannot hold under $20, then what happens when the dollar reverses again and cheaper oil invites greaer consumption and supply shrinkage.

    Given cimpany fundamentals and market technicals, there is a panic Short squeeze in the making.

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