Northern Oil and Gas, Inc. Announces 2015 Second Quarter Results
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Northern Oil And Gas (NOG) Tops Q2 EPS by 8c
August 5, 2015 4:56 PM EDTNorthern Oil And Gas (NYSE: NOG) reported Q2 EPS of $0.19, $0.08 better than the analyst estimate of $0.11.
MANAGEMENT COMMENT
"Northern continues to be judicious with our capital expenditures by allocating spending to our highest rate of return opportunities," commented Northern's Chairman and Chief Executive Officer, Michael Reger. "Our financial position remains strong with a robust hedging position and liquidity of approximately $370 million. Northern's capital budget is on track for approximately $140 million in 2015, down substantially from last year, while maintaining flat year-over-year production. Our capital allocation discipline, combined with the cost reductions... More
