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Northern Oil and Gas, Inc. Message Board

  • bluelivermore bluelivermore Feb 28, 2012 6:25 PM Flag

    KOG makes the morning look dark

    What was up with that KOG loan, not closing until 1/12/12?
    Got to say NOG has a lot of oil hedged at a lot lower prices, just like KOG.
    Makes earnings look bad, but they still delivered a lot oil on those contracts for a lot of cash.
    Paper loses here we come.

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    • NOG and KOG are somewhat different beast. NOG is mostly a non-operating partner. Most of the revenue are from % of revenue from operating partners. In another word, NOG won't have derivative loss. NOG has low operating expenses, because it is a non-operating partners. NOG has only $15M debt and has low interest expenses. I am confident that NOG will beat earning. Good luck! :)

      There will be correction for KOG. KOG P/E ratio is too high at this point and obviously earning doesn't support it.

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