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Wednesday, July 11, 2012

Because You Asked: NOG

First, operational update.

Second, Yahoo-In Play:
Northern Oil & Gas reports that it expects Q2 2012 production to increase ~20% compared to first quarter 2012: Co reported that Q2 2012 production to increase ~20% compared to first quarter 2012, resulting in an average of ~10,200 barrels of oil equivalent per day.  During the first two months of the quarter, the weighted average days on production was ~52 out of a possible 61 producing days, or ~85% of potential producing days.  Preliminary estimates of June's weighted average days on production appear to be consistent with the first two months of the second quarter.  During the second quarter of 2012, Northern Oil had ~162 gross wells completed and placed into production.  As of June 30, 2012, Northern Oil was producing from a total of 955 gross wells.
Third,  five mid-cap stocks to beat the market. This eclectic list included only two energy companies: NOG and one other.

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