NOG Northern Oil and Gas Inc.

$NOG Looking at the price action, it's easy to tell that shorties have not covered any relevant amount of shares yet. They are short >20% of shares outstanding. They have to pay 45 cent of dividend per quarter to shareholders. I hope the market doesn't give them any big drop in price to cover. If I was NOG's management, I would allocate a significant portion of the FCF (after dividend) to share buybacks. If I was a shortie, I would be especially scared of the fact that NOG have been most of the past 2 years in "assets buying mode" meaning they spent most of their FCF after dividend on buying & staking assets (also often with new debt). This behavior is voluntary and can be stopped at any time. They can easily underspend on capex for 1-2 quarters and use the op. CF increasingly on buybacks without affecting the op. business at all.

$NOG waiting on the outcome of this trendline but bull bias based on the accumulation / vol at 20. Can see a double

$NOG I’m thinking is the interest rates that are really hurting this stock last couple of weeks.

$NOG actually not alot of forces, its the US depleting its reserves to keep prices down. How long will that last? Till midterms maybe?

$NOG just accumulate, they cant possibly suppress this for too long. Its alot of forces puttin dn pressure on oil but the kettle is beginning to boil.

$NOG This stock gets crunshed when oil is down a little. But also barely goes up when oil is up big. Makes no sense. If oil was $200, this would barely move.