Two Oil Stocks with Bullish Futures ($KWK $NOG)
We haven’t reported on these two stocks for awhile now. It looks like they are coming back to the forefront with some strength behind them. It seems these two stocks are going to be bullish in the near future. Let’s find out the details from Kapitall.
Northern Oil and Gas, Inc. (NOG): Engages in the acquisition, exploration, development, and production of crude oil and natural gas properties in the Williston basin, the United States. Market cap at $1.09B, most recent closing price at $17.18. PEG at 0.54. Shares shorted have decreased from 15.00M to 13.64M over the last month, a decrease which represents about 2.36% of the company’s float of 57.73M shares. Days to cover ratio at 12.22 days.
Quicksilver Resources Inc. (KWK): Engages in the exploration, development, and production of unconventional natural gas onshore in North America. Market cap at $725.75M, most recent closing price at $4.19. PEG at 0.42. Shares shorted have decreased from 29.89M to 28.32M over the last month, a decrease which represents about 1.73% of the company’s float of 90.75M shares. Days to cover ratio at 7.15 days.
It seems that these two stocks are ready to take off in the near future. Do some additional research to be sure they are the right pick for you. Either way, their future looks bright.
Quotes taken from report by Kapitall, Read the entire article here.
Photo Source: http://restlesswestjournal.com/tag/niobrara/
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