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home / news releases / NOG - Laredo Petroleum: Management Kissed A Toad

NOG - Laredo Petroleum: Management Kissed A Toad

Northern Oil and Gas Inc.

Summary

  • Management sold non-operated 1650 acres for $110 million.
  • That is a far higher value than the original purchase of 30k acres for 710 million.
  • The effect of the underperforming Leech well package is way overblown.
  • There are plenty of overperforming wells to bring up the average result.
  • Management also has great Middle Sprayberry locations to offset some potential subpar areas.

For further details see:

Laredo Petroleum: Management Kissed A Toad
Stock Information
Company Name: Northern Oil and Gas Inc.
Stock Symbol: NOG
Market: NYSE
Website: northernoil.com
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