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Northern Oil and Gas, Inc. Message Board

  • keltus1952 keltus1952 Aug 9, 2013 1:17 AM Flag

    NOG's hedges..

    Looks like nearly 100% of production for the rest of this year has prices locked in with collars and swaps. Next year's production, depending on how much it grows, is also hedge protected probably 80%+ at this time. Any lower energy prices will not hurt NOG's cash flow. IMPORTANT!!!!!


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    • Right. For this quarter so far, NOG is able to take advantage of the high oil prices on around 2/3 of production with collars topped at 105. I'm hoping that those new completions are adding a lot more oil quickly.

      If oil stays persistently high, eventually the street will catch on to the value of these companies. Next years' hedges are not as good, but if production grows enough, they protect capex and still have some good upside.

5.96-0.03(-0.50%)Dec 18 4:03 PMEST

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