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Northern Oil & Gas up 2% on further debt reduction

Jun. 12, 2018 10:31 AM ETNorthern Oil and Gas, Inc. (NOG) StockBy: Vandana Singh, SA News Editor8 Comments
  • Northern Oil & Gas (NYSE:NOG +2.5%) enters into two negotiated exchange agreements for 8% senior unsecured notes due 2020.
  • Both the agreements represent debt reduction of ~$20.5M.
  • “We continue to take concrete steps to strengthen our balance sheet. As signified by our recently closed Salt Creek acquisition, we continue to grow cash flow through both acquisitions and the drill bit, and driving down absolute leverage will further enhance our competitive position", said the CFO Nick O'Grady.

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