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Friday, February 25, 2011

Investors: NOG Added to S&P MidCap 400 -- February 25, 2011

Jim Cramer, CNBC's "Mad Money" host noted that NOG had a huge move today but he admitted he did not know why.

It was reported a few days ago that NOG was added to the S&P MidCap 400 today.

Check it out for yourself at the S&P MidCap 400 website. The site links two announcements. One of the announcements is NOG added to the index today. It looks like the site does not keep these announcements around long so if you are reading this months after initial posting, it might not be there any more.

New York, NY, February 23, 2011 – S&P MidCap 400 constituent Navigant Consulting Inc. (NYSE:NCI) will replace Genoptix Inc. (NASD:GXDX) in the S&P SmallCap 600 index, and Northern Oil and Gas Inc. (NYSE Amex:NOG) will replace Navigant Consulting in the S&P MidCap 400 after the close of trading on Friday, February 25, 2011. Genoptix is being acquired by S&P Global 1200 constituent Novartis AG in a deal expected to be completed soon, pending final conditions. Navigant Consulting’s market capitalization is below $490 million, making it more representative of the small cap space.
Standard & Poor’s will monitor this transaction, and post any relevant updates on its website: www.standardandpoors.com.
Navigant Consulting is a specialty consulting firm. Headquartered in Chicago, IL, the company will be added to the S&P Small Cap 600 GICS (Global Industry Classification Standard) Research & Consulting Services Sub-Industry index.
Northern Oil and Gas acquires, explores and develops oil and natural gas properties. Headquartered in Wayzata, MN, the company will be added to the S&P Midcap 400 GICS Oil & Gas Exploration & Production Sub-Industry index.
Mutual funds with emphasis on midcap stocks can now add NOG to their portfolios.
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2 comments:

  1. AnonymousFebruary 25, 2011 at 6:19 PM

    Bruce,

    The March Docket is out. It appears EOG is still working the Spearfish in Bottineau CO.

    Good luck this weekend, things are definitely heating up in the Basin

    ReplyDelete
  2. Bruce OksolFebruary 25, 2011 at 6:47 PM

    Man, how do you guys keep beating me on these things. I just checked the dockets yesterday looking for the March dockets. I forgot to do it today.

    Wow, I have a lot of work going through the dockets.

    Great to hear that EOG is still in the Spearfish. Very interesting.

    Thank you for alerting me.

    ReplyDelete

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