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Monday, May 9, 2011

CEO's Second Son Named Williston -- NOG -- Heart of the Bakken, North Dakota, USA

Link here.

A very nice human interest story in a regional newspaper.
Despite its Williston Basin roots, 12-employee Northern is based on tony Wayzata Bay, Minnesota. Reger, who earned business degrees from the University of St. Thomas, married a Minnesota girl and settled in the Twin Cities. His second son is named Williston.
And for investors, NOG is at a very low entry price -- down below $22/share.
The shares of a small Minnesota company with big interests in the North Dakota oil patch have returned to earth after soaring from $12 a year ago to almost $33 in March.

Northern Oil & Gas has 150,000-plus acres under lease in the huge Bakken fields of western North Dakota and eastern Montana. The stock peaked in early March, about the time CEO Michael Reger sold more than $20 million worth of stock.
 A big think you to a reader who alerted me to the article.

[Comment: Williston is my home town, but for a daughter's name, I might consider "Tioga."]

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