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The Insider Monkey team has completed processing the quarterly 13F filings for the September quarter submitted by the hedge funds and other money managers included in our extensive database. Most hedge fund investors experienced strong gains on the back of a strong market performance, which certainly propelled them to adjust their equity holdings so as […]
Today we will run through one way of estimating the intrinsic value of Northern Oil and Gas, Inc. (NYSEMKT:NOG) by...
Northern Oil and Gas, Inc. (NYSE American: NOG) (“Northern”) today announced the results of its previously announced consent solicitation (the “Consent Solicitation”) pursuant to which Northern solicited consents from holders of its outstanding 8.50% Senior Secured Second Lien Notes due 2023 (the “Notes”) to amend the indenture (the “Indenture”) governing the Notes (the “Proposed Amendments”). Northern plans to settle the Consent Solicitation and related transactions and a newly amended and expanded $800 million Senior Secured Revolving Credit Facility (the “New Credit Facility”) on November 21, 2019. The New Credit Facility introduces five new major banks to the syndicate.
Northern Oil and Gas, Inc. today announced the successful completion of its previously announced consent solicitation with respect to its 8.50% Senior Secured Second Lien Notes due 2023 to approve certain amendments to the indenture governing the Notes and the final results of its previously announced exchange, tender and subscription offers .
Northern Oil and Gas (NOG) delivered earnings and revenue surprises of -18.18% and 37.10%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?
MINNEAPOLIS-- -- Third quarter production increased 53% over the prior year, and 17% sequentially, averaging 40,786 barrels of oil equivalent per day. Cash flow from operations, excluding a $32.5 million net decrease from changes in working capital and other items, was $103.5 million for the third quarter, an 11% increase versus the second quarter. Organic drilling and development capital expenditures ...
The Company also announced that it is modifying certain of the Proposed Amendments to, among other things, (1) make changes to the provisions relating to the payment of interest in kind, (2) retain certain covenants and (3) make updates to the restricted payments builder basket and certain other covenants and related definitions. The Proposed Amendments are set forth in Supplement No. 3, dated November 11, 2019, to the Confidential Exchange and Tender Offer Statement and Consent Solicitation Statement and Offering Memorandum, dated October 21, 2019 (as supplemented from time to time, and as it may be further supplemented and amended from time to time, the “Offering Memorandum”).
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Azure Power Global's (AZRE) Q2 results are likely to reflect benefits from economies of scale, which in turn, has been bringing down its operating and interest costs.
Pampa Energia's (PAM) Q3 earnings are likely to have been affected by lower electricity demand from industrial and commercial customers.
Northern Oil and Gas, Inc. (NYSE American: NOG) (“Northern” or the “Company”) today announced that it has extended the deadline for holders of the Company’s 8.50% Senior Secured Second Lien Notes due 2023 (the “Notes”) to validly tender Notes in the previously announced exchange and/or tender offers (the “Offers”), or validly deliver consents, to be eligible to receive the consent fee in connection with the Company’s solicitation of consents (the “Consent Solicitation”) to certain amendments to the indenture under which the Notes were issued (such time and date, as extended and as the same may be further extended, the “Early Participation Deadline”) to 5:00 p.m., New York City time, on November 14, 2019. D.F. King & Co., Inc. (“DF King”) is the Exchange and Tender Agent for the Offers and the Information Agent for the Consent Solicitation.
Northern Oil and Gas (NOG) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Northern Oil and Gas, Inc. (NYSE American: NOG) (“Northern” or the “Company”) today announced that it has increased the consent fee with respect to its previously announced solicitation of consents from holders of the Company’s 8.50% Senior Secured Second Lien Notes due 2023 (the “Notes”) to approve certain proposed amendments (the “Proposed Amendments”) to the indenture under which the Notes were issued (the “Consent Solicitation"). The consent fee for the Consent Solicitation has been increased from $10 per $1,000 principal amount of Notes to $15 per $1,000 principal amount of Notes (as so increased, the “Consent Fee”) for which a holder validly delivers (and does not validly revoke) consent.
Northern Oil and Gas, Inc. (NYSE American: NOG) today announced a preliminary third quarter 2019 production and operations update. Northern estimates that its third quarter 2019 production was 40,786 Boe per day, a 53% increase over the third quarter of 2018. Northern estimates that 3,500 Boe per day was curtailed or shut-in primarily due to gas processing constraints in the Williston Basin.
Northern Oil and Gas, Inc. announced today that it plans to issue its earnings release with respect to third quarter 2019 financial and operating results on Tuesday, November 12, 2019 before the market opens.
If you're interested in Northern Oil and Gas, Inc. (NYSEMKT:NOG), then you might want to consider its beta (a measure...
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Northern Oil and Gas, Inc and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
Northern Oil and Gas, Inc. (NYSE American: NOG) (“Northern”) today announced that it has launched a consent solicitation (the “Consent Solicitation”) seeking consents from holders of at least a majority of its outstanding 8.50% Senior Secured Second Lien Notes due 2023 (the “Notes”) to amend the indenture (the “Indenture”) governing the Notes (the “Proposed Amendments”). In addition, Northern has launched a newly amended and expanded $800 million Senior Secured Revolving Credit Facility (the “Credit Facility”). Northern has engaged Wells Fargo Securities as Left Lead Arranger, Bookrunner and Administrative Agent.
Option 1: Offer to Eligible Holders (as defined below) to exchange (the “Exchange Offer”) up to $70,754,716 in principal amount of Notes validly tendered (and not validly withdrawn) for newly issued 6.50% Perpetual Convertible Preferred Stock (the “Preferred Stock”) having an aggregate liquidation preference of $75,000,000. Eligible Holders that validly tender (and do not validly withdraw) Notes in the Exchange Offer will be entitled to have 10.27677% of such tendered Notes accepted for exchange (the “Exchange Limit”) and will receive 10.60 shares of Preferred Stock per $1,000 in principal amount of Notes accepted for exchange (the “Exchange Consideration”).
Following the news has been quite an endeavor for investors of large-capitalization publicly traded companies. Early last week, President Trump blacklisted several Chinese organizations, sending the broader indices downward. Later, a promising truce between U.S. and Chinese negotiators surprisingly emerged, boosting the markets. However, the roller-coaster ride probably has many folks thinking about lesser known small caps.But if the blue chips are risky in this unpredictable environment, why would anyone consider small-cap stocks? Although admittedly counterintuitive, the small caps may offer a better place to park your money. First and foremost, it just doesn't take much to move these names. Any positive developments, no matter how much of a reach, could swing shares massively.Of course, that goes for the opposite direction too. However, the beauty of small-cap stocks is that you don't need to invest as much money to see robust returns. This leads to another point about the tertiary players of the financial markets: you can potentially advantage their inefficiencies.InvestorPlace - Stock Market News, Stock Advice & Trading TipsLarger organizations, especially those listed on the Dow Jones Industrial Average or the S&P 500, react to all available news. Because they attract the most eyeballs, investors collectively respond in more or less the most rational manner. Think of blue chips as the "phone a friend" option within popular quiz-style TV programs.But with small caps, there's no phoning friends because you might be the only one watching. Okay, that's an exaggeration, but because small caps don't generate as much interest, you can better exploit market irrationality. * 10 Buy-and-Hold Stocks to Own Forever With that introduction, let's have a look at eight small-cap stocks to put on your radar: Freshpet (FRPT)I've said this many times before, but Americans love their pets. And I can completely understand. Honestly, I'd rather hang out with animals than with most humans. Nevertheless, domesticated animals aren't going to take care of themselves. That's the core thesis behind Freshpet (NASDAQ:FRPT) and FRPT stock.Typically, pet food, especially for dogs, is heavily processed. Essentially, it's cereal for canines. But Freshpet has put an entirely new spin on this drab industry. Featuring 100% natural farm raised poultry, beef and fish, Freshpet products are both delectable and nutritious.According to the latest data, Americans spend $72 billion on their pets. Thus, a viable market exists for Freshpet, bolstering the longer-term case for FRPT stock. Petmed Express (PETS)Source: Shutterstock Earlier, I mentioned the greater upside potential of small caps. Because small-cap stocks don't have the name recognition of blue chips, a sudden burst of positive news could skyrocket shares. However, Petmed Express (NASDAQ:PETS) represents an example of what can go wrong when the news isn't so good.Throughout this year, PETS stock has been under fire for viability concerns. That sentiment came to a head in late July when the underlying company released its fiscal first-quarter earnings report. Both per-share profitability and revenue missed analysts' consensus estimates. As a result, PETS stock dropped 12% following the negative disclosure. * 7 Big Bank Stocks on the Move It's only recently that shares have started to pick back up. Ultimately, I think this is a case where the markets are irrationally pessimistic. In 2017, Americans spent over $17 billion in veterinary care. Put differently, PETS stock has a very believable pathway to recovery. Inspire Medical Systems (INSP)We all know how important a restful night's sleep is. Without it, we're usually cranky or slothful, operating far below our potential. But for the approximately 22 million Americans who suffer from sleep apnea, restful sleep is only a pipe dream. Fortunately, we have Inspire Medical Systems (NYSE:INSP), which offers a revolutionary approach to this health dilemma.Rather than prescribe a pill that may only last temporarily, Inspire Medical Systems installs a small device into your body. It's a same-day, outpatient procedure, minimizing inconvenience to the patient. Once you're ready to sleep, you simply activate the device via a remote controller. This opens your airways, allowing you (and your partner) to finally get that satisfying rest. Naturally, this exciting and effective technology underlines the case for INSP stock.Now, with a current market cap of $1.25 billion, INSP stock reaches into mid-cap territory. However, shares have witnessed sharp volatility recently, which may bring INSP down among the small caps. Given the massive potential for Inspire, I think this is a worthy discount to consider. B&G Foods (BGS)B&G Foods (NYSE:BGS) is another name among small-cap stocks that borderlines the unofficial threshold between small-cap and mid-cap companies. However, BGS stock has been under serious pressure ever since the year began. From the January opener, shares are down nearly 38%. Needless to say, the packaged foods company doesn't inspire confidence.Much of the problem resides with the fundamentals. In its most recent quarter ending June 30, B&G Foods delivered $371 million, which was down over 4% year-over-year. While this disappointment isn't uncommon in the packaged foods industry, B&G is noticeably lagging in terms of last year's sales. Thus, investors haven't given much thought to BGS stock. * The 7 Best Penny Stocks to Buy But based on the growing unease in our economy, that could change. If we do suffer a recession, discretionary spending is out but the necessities are in. That naturally benefits BGS stock, along with other food-related small caps. Northern Oil & Gas (NOG)Source: Shutterstock This year, crude oil prices have moved in a somewhat surprisingly negative direction. Despite the Federal Reserve's dovish attitude toward monetary policy, "black gold" values have been muted since May. Obviously, that doesn't really help small caps in the oil sector like Northern Oil & Gas (NYSEAMERICAN:NOG) and NOG stock.However, geopolitical catalysts may once again drive up energy prices. Particularly, I'm worried about an increasingly tense situation in the Middle East. Reports indicate that an Iranian tanker near Saudi Arabia's coastline was hit by missiles. This action threatens to spiral two bitter rivals into a hot conflict. To deter an Iranian response, President Trump has ordered 3,000 additional troops to Saudi Arabia.Of course, no one wants an armed conflict to erupt. That said, this region has been mired in violence over the decades. Thus, as a cynical hedge, you may want to consider energy-related small caps like NOG stock. Astronics (ATRO)Speaking of armed conflicts, another market segment that benefits from geopolitical flashpoints are defense companies. Although the big names like Lockheed Martin (NYSE:LMT) or Raytheon (NYSE:RTN) get the most attention, small-cap stocks like Astronics (NASDAQ:ATRO) offer much potential.That's especially true in this environment. Obviously, with the Trump administration bulking up our military presence in Saudi Arabia, this is a boon for defense spending. But other conflicts and potential flash points exist as well, including our failed diplomacy with North Korea, along with a brewing cold war with China and Russia. While no one wishes for a situation to turn hot, the necessity for deterrence boosts ATRO stock. * 10 Buy-and-Hold Stocks to Own Forever Another factor to consider is that defense projects don't occur in a vacuum. For instance, a single manufacturer may develop a fighter jet's airframe. However, companies like Astronics specialize in the less sexier but still critical components, such as communications or electrical power systems. Thus, a win for a defense blue chip may also be a win for ATRO stock. Elastic (ESTC)One of the many highly anticipated tech-related initial public offerings to come out in the last few years, Elastic (NYSE:ESTC) has fortunately avoided the curse of hyped IPOs. That said, ESTC has flatlined technically since early spring of this year. However, this slow down also represents why Elastic is among the small caps to watch closely.Primarily, this is because Elastic promises to change digital search functions for enterprises. As such, Elastic is in some ways the corporate version of Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL). Today, searching isn't just about typing in text; instead, people swipe, point or talk within an app's architecture. Bringing these actions toward usable information is what makes Elastic, and by deduction, ESTC stock so compelling.Moreover, you've probably used Elastic without even knowing it. The company is behind the open source technology that drives ride-sharing outfits like Uber Technologies (NYSE:UBER) and Lyft (NASDAQ:LYFT).Now, with a market cap of nearly $7 billion, I wouldn't normally regard ESTC as belonging to small-cap stocks. Nonetheless, I believe its relatively lesser known profile justifies its inclusion. Wallbridge Mining (WLBMF)Source: Shutterstock More belonging to the micro caps as opposed to small-cap stocks, Wallbridge Mining (OTCMKTS:WLBMF) is an extremely risky play. With shares trading at only a quarter -- and I mean that literally -- WLBMF stock is the epitome of speculative. Please don't say I didn't warn you as I warned you twice in consecutive fashion!However, I believe the current environment for gold and silver prices is the best it has been in a long time. Just in this write up, we've discussed the trade war, tensions in the Middle East and rising global adversaries. People are very much scared, and when fear rises, they typically run to gold. * 7 Hot & Trendy Generation Z Stocks to Buy Therefore, I view WLBMF stock as an anticipated play on broader emotions. When more people get wind of the precious metals opportunity, this will naturally spike up prices. And when that happens, invariably, some folks will seek out cheaper, more accessible stocks.As of this writing, Josh Enomoto is long gold and silver. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Super Boring Stocks to Buy With Super Safe Returns * 10 Winning Stocks to Buy and Stick With for the Long Haul * Don't Give Up on These 4 Cannabis Stocks The post 8 Stellar Small-Cap Stocks to Buy That Are in Major Industries appeared first on InvestorPlace.