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Northern Oil and Gas, Inc. Message Board

  • realistic_sob realistic_sob May 13, 2011 10:33 AM Flag

    Shorts up 36% ! WOW!

    Settlement Date Short Interest Avg Daily Share Volume Days To Cover
    4/29/2011 20,978,825 2,791,179 7.516116
    4/15/2011 15,423,288 2,219,367 6.949409
    3/31/2011 11,571,955 3,359,716 3.444325
    3/15/2011 6,679,526 1,506,979 4.432395
    2/28/2011 5,060,195 2,977,869 1.699267
    2/15/2011 4,664,973 692,062 6.740687
    1/31/2011 4,364,296 1,120,991 3.893248
    1/14/2011 4,087,201 558,127 7.323066
    12/31/2010 3,904,089 540,329 7.225392

    Read more:

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    • Well, to each their own opinion I suppose.

    • They did that already, did you listen to their CC?

      The depletion is a non-issue & in-line with the other producers & was even written about by Michael Filloon with the actual numbers for comparison.

      The accounting & the other points you mention are discussed with detail in the question & answer section of their CC.

      Not any concern.

      That was not what I wanted to know, but you were helpful & thanks.

    • jackhiller May 13, 2011 2:35 PM Flag

      THeir land position is their "salvation"

      THe depletion issue was well covered by the CC n the record.

      Shorts are grasping at straws. The expose article was about immaterial, small dollar business, and if the new auditor finds monkey business, the good properties remain, only current management may get replaced.

    • Everyone knows the Sell-GTC locks them up, no issues.

      And, the short pays the dividend ont he ex div date when it hits. So? They also reap the drop in share price after the Ex0-Div date. So its a wash. Nothing gained.

      The last thing to remember is the company is there to perform some function that makes money - not play games with the shorts. I see no chance of NOG handing out huge dividends to rid itself of a short term short problem.

      NOG really needs to address its depletion issues, where some of these drilling sites have gone, their accounting and the other points has brought up. That's their only salvation.

    • realistic_s..., first thanks for posting TA. I still use it.
      Second, you were right on the price that you spotted yet again.

      I have a quick hypothetical-type question that Jack & boepd have not answered fully so I would like to ask you (or anyone who knows) also. The thought comes from the comments to the recent Filloon article.

      Since there is such a large short interest...

      What would happen IF:

      Since NOG has lots of cash (if you listen to their CC), of which $150 Mil is going to buy-back stock.

      If they either declared a large dividend like PDLI used to do,


      converted to a LLC structure like LINE (or an MPL) and pay a hefty dividend (it could even later be adjusted), would it have the affect of then causing the ~21% short interest to pay to the ~88% (institutional plus insider) & others, that dividend?

      As Jack explained since the shorts pay the dividend,....then might it be a way for other energy companies to avoid attacks and protect shareholder value?

      • 1 Reply to sandonthebeach47
      • The shot pay the dividend? You lost me. How.

        Shorts SOLD share they borrowed from Longs. So they own nothing, and get no dividend. How do they then "pay" for the dividend?

        Are you saying that if NOG voted to pay a huge 10% dividend, then the stock would jump up? But on the other hand, the shorts sould Short more at the raised price and Buy to Cover on the day after the Ex-Dev Date, when it would drop 1/4 (assuming a quarterly dividend) of the dividend % yield.

        I'm listening ...

10.58-0.67(-5.96%)Oct 22 4:02 PMEDT

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