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Northern Oil and Gas, Inc. Message Board

  • bluelivermore bluelivermore Mar 13, 2012 11:53 AM Flag

    Royalty Checks Qtr Behind

    So what was the average price of oil for the 4th quarter. That is what the earnings this quarter are based on. Since royalty checks lag a quarter behind.
    This avoids some wild speculation, about new wells and what production will be this quarter when NOG's earnings in large part are based on last quarters wells and production.
    It is actually a very predictable model, the royalty model. Making NOG a great additions to company like Slawson, or KOG. Banks want to finanace a buy out of a royalty portfolio.

2.75Sep 28 4:00 PMEDT