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Northern Oil and Gas, Inc. Message Board

  • investorr_401k_er investorr_401k_er May 9, 2013 11:59 AM Flag

    Good results, lots of cash, growth ahead, stock now too cheap

    The Q1 results were very good and that occurred despite most Bakken players missing estimates because the weather in January was more severe than normal.

    Already the company had a strong balance sheet and plenty if cash.

    Now there's an additional $200 million cash.

    Join the dots; results improving strongly during 2013 in line with normal weather pattern, lots of cash to support a sold growth plan, stock already on a next year PE of less than 9. This stock us now too cheap.

    The brokers will see NOG as a very good value play. Watch the price move up an easy 25% over the next few weeks just to catch up with peer valuations on the back of new broker coverage.

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