NYSE:NOGOil and Gas
M&A Activity and Dividend Hike Might Change the Case For Investing In Northern Oil and Gas (NOG)
Northern Oil and Gas, Inc. recently announced a 7% year-over-year increase in its quarterly dividend to US$0.45 per share, alongside reporting second quarter earnings with a rise in revenue to US$706.81 million but lower net income at US$99.59 million compared to the year prior.
The company is currently assessing more than 10 ongoing M&A opportunities valued at over US$8 billion, reflecting an increase in potential transactions as non-operated asset packages enter the market and underscoring...