For Investors Only; Random Data Point On NOG; Musings: Are Energy Investors Rotating Out Of Independents Into Big Oil?

Disclaimer: this is not an investment site. Do not make any investment decisions based on anything you read here or anything you think you might have read here. 

This is very, very interesting. Not the data point itself, but rather the fact that a relatively "small" company (market cap: $865 million) like NOG makes the "front page" of Yahoo!Finance, unfortunately not for the best of reasons.

Forbes is reporting:

In trading on Monday, shares of Northern Oil & Gas Inc crossed below their 200 day moving average of $14.20, changing hands as low as $13.97 per share. Northern Oil & Gas Inc shares are currently trading off about 1.7% on the day.

A chart at the link shows the one year performance of NOG shares, versus its 200 day moving average.

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I started noticing "this" about one to weeks ago, but didn't say anything because this is not an investment site. Now that others are reporting it, I can link those reports. From SeekingAlpha, one of my favorite contributors:

As I write this, the DJIA is up +184 points yet the stocks of some of the fastest growing shale oil producers are strong to the downside: EOG Resources is down -$3.67, Whiting Petroleum is down -$1.70, and Continental Resources is down -$3.70. Smaller producers like Kodiak Oil & Gas and Oasis Petroluem are also off sharply. Meanwhile, Exxon Mobil is up +$1.30 and Chevron is up +$1.12. 

Energy investors appear to be rotating into big cap dividend paying oil stocks.