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Northern Oil & Gas (NOG): Q1 EPS of $0.14 may not be comparable to consensus of $0.24. (PR)

Northern Oil & Gas (NOG): Q1 EPS of $0.14 may not be comparable to consensus of $0.24. (PR)

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Comments (1)
  • williston willie
    , contributor
    Comments (51) | Send Message
     
    EPS is distorted by mark to market on derivatives, which they could recover this quarter with the April-May drop in oil prices. Was a great quarter with 21% sequential production growth, 13.9 net wells completed and 16.5 more awaiting completion. Given their very strong growth and huge asset base in terms of wells & acreage, I don't believe there's a better bargain in the Bakken!
    7 May 2012, 08:45 AM Reply Like
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