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Northern Oil and Gas, Inc. Message Board

  • uphillspirit uphillspirit Sep 6, 2013 10:33 AM Flag

    Try to snap out of this #$%$ price Range

    Your peers are getting the attention you got to jump on the band wagon. Triangle looks good Oasis is doing good Kodiak is perking up . Do something don't sit still . Make some good announcements.

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    • that would be the resignation of the Exec Management staff.. Yes I have a small LONG position and I regret it..
      The reason that Kog and Oas have grown and jumped forward is because they have made large land deals.
      OAS set idle for a long time until several days ago..
      NOG is auguring several or 3 thousand acres a quarter., that is not going to move the needle. there are only so many good Bakken acres.. but Yes I could see some one like Slawson purchasing the entire NOG package, keep the acreage they want and then sell off other parcels to Tplm, KOG,OAS and all the other Bakken players.. But at what discount or what price per acre .Valuing NOG acreage is a problem because of the lack of concentration of acreage in one location and the production profile is not equal over the entire WB. don

      • 1 Reply to dkwilk
      • Very good observations, Don. I can't imagine any of the Bakken operators passing up the chance to pick up more working interest in wells; some have stated that's what they're trying to do. I'd like to see CLR or Slawson make a hostile takeover offer. I think shareholders would consider it friendly, but unfortunately, I don't think it will happen.

        As far as value, they should be able to average better than 10k/acre for a lot of their land, based on some recent transactions. With lower Three Forks benches being proved up and downspacing, the top operators are snatching up good bolt-on acreage at around 15k/acre. Even though the Oasis purchase aggregated a little under 10k/acre, some of that does not include middle bakken and TF1.

 
NOG
4.73-0.17(-3.47%)Jun 24 4:02 PMEDT