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Northern Oil and Gas, Inc. Message Board

  • dalton880 dalton880 Aug 13, 2013 3:24 PM Flag

    Next qtr will be $.37-$.46. Here's why

    NOG posted $.23 for the June qtr, however they only recognized production revenues on $85 oil. Oil is now $105, If we use $105 oil, NOG would make another $.18 after tax, as the additonal revenues would go straight to the bottom line. That alone would be $.41 fully taxed for the Sept qtr, using the same exact production numbers as in the June qtr. However NOG said production will be 15%+ higher for the remainder of the year. Therefore assuming another $12M+ in revenues from that, and using a 40% profit before interest and taxes, that would get them aound another $.05(assuming 63M shares fully diluted and a 37% tax rate). So $.46 for the Sept qtr, assuming $105 oil, and 15% greater production. Even with $95 oil, they'de post $.37 after tax.

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