Northern Oil and Gas, Inc. (stock ticker: NOG) updated its stock repurchase program and provided a general business update with new fourth quarter estimates and hedging information.

Northern has repurchased approximately 12.0 million shares of common stock since October 1, 2018, 4.6 million shares of which were repurchased in this calendar year through January 21, 2019.
Production for the fourth quarter of 2018 is expected to be in the upper half of prior guidance of 35,000 - 36,000 Boe per day, despite negative impact from curtailments and shut-ins during a turbulent quarter for in-basin realized prices.
Northern increased hedged oil volumes to further protect cash flows and liquidity, with 2019 hedges averaging over $63 per barrel ...


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