NOG

[dan_s]

Note on the NOG Yahoo message board:

“Howard Weil has raise their price target on NOG to $34/share from $32/share.”

It appears the last of the weak hands sold out this morning.

[setliff]

there IS nothing wrong with my hands

once i see a bottom confirmed i am thinking strongly about buying back in--at a lower price. may go after some cheap calls instead.

[dan_s]

Any of you that hold NOG should read this. I could not have said it better myself. The attach on NOG last week was ridiculous and filled with errors.

http://seekingalpha.com/article/260447- ... urce=yahoo

I will add one thing. Depletion expense includes future development costs, which are estimate at the end of each year by the company working with independent reserve engineers. It is very common to see a spike in Q4 depletion during a period of growing reserves and increasing oilfield service costs.

[bobs]

NOG continues to be weak. Any thoughts on the quality of their land holdings vs the key operators in the region?

[gjames]

NOG has traded down to its 200 day moving average for first time since last August. Anyone think its worth betting on a bounce??

[dan_s]

NOG should have solid first quarter results. Everything was down today on the dip in oil prices and the general market sell-off.
I just dropped NOG and EOG back to the Watch List to make room for GTE and ROSE, which both appear to have more near-term upside to me.

[prince_jake_33]

What do we think of NOG at this point in time?

[setliff]

with a very bullish mkt, nog's response was timid at best. it has shown several "bottoms" along the way down to this level.

i would wait for some move with authority. imo, fwiw,

jim

[setliff]

at this point i would want the down trend line to be penetrated.

[par_putt]

Hows the trend line now?