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Bullish Case: NOG's strong growth in production and market transactions, recent price increases, and operational strengths build a bullish case for upward trends.


Bearish Case: NOG faces risks from market volatility, potential commodity price volatility, and widening Williston Basin differentials, suggesting a potential downtrend.


Potential Outcomes: 75% likelihood of continued growth from acquisitions and production increases; 25% chance of decline due to market stress and cost pressures.


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April 11, 2024


Northern Oil and Gas Forecast

NOG        Northern Oil and Gas
Price Forecast: NEUTRAL    Price Action: RANDOM (?)











Correlated Stock Forecasts

Assets that tend to move strongly with NOG



EOG Forecast + Options Trading Strategies   EOG  EOG Resources (0.94)


OIH Forecast + Options Trading Strategies   OIH  VanEck Vectors Oil Services (0.93)


XOP Forecast + Options Trading Strategies   XOP  SPDR Oil & Gas Exploration and Production (0.93)


MRO Forecast + Options Trading Strategies   MRO  Marathon Oil (0.91)


CDLX Forecast + Options Trading Strategies   CDLX  Cardlytics (0.9)



Uncorrelated Stock Forecasts

Assets with little price relationship to NOG



HRL Forecast + Options Trading Strategies   HRL  Hormel Foods (-0.0)


GERN Forecast + Options Trading Strategies   GERN  Geron (0.0)


BEN Forecast + Options Trading Strategies   BEN  Franklin Resources (0.0)


FLNC Forecast + Options Trading Strategies   FLNC  Fluence Energy (-0.0)


MAG Forecast + Options Trading Strategies   MAG  MAG Silver (0.0)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against NOG



TGTX Forecast + Options Trading Strategies   TGTX  TG Therapeutics (-0.73)


LW Forecast + Options Trading Strategies   LW  Lamb Weston (-0.75)


PRFT Forecast + Options Trading Strategies   PRFT  Perficient (-0.8)


ERY Forecast + Options Trading Strategies   ERY  Direxion Daily Energy Bear 2X Shares (-0.86)


DRIP Forecast + Options Trading Strategies   DRIP  Direxion Daily S&P Oil & Gas Exp. & Prod. (-0.9)





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