Morning boys, hope all of you are well. Some oil name pops today. Be sure to drop any news in that I might have missed and upvote so thers can add as well. I will keep updating this till open, so be sure to check back.
Also tweeting these lists out in the morning since everyone keeps asking twitter: @ thesisrobot
Note: Everyone is looking for the next KODk and that's just not how it works, we saw so much chase yesterday…
———————————————————————————————————-NOG – Northern Oil and Gas, Inc. Announces Multiple Acquisitions and Additional Balance Sheet Enhancement
- Acquisitions in total consist of 400 net acres, 0.7 net producing wells, 1.9 net wells in process and 1.0 net undrilled locations in the core of the Williston Basin
- Production from acquisitions primarily expected to come online in mid-2021 and average approximately 820 Boe per day in total for 2021
- Initial acquisition costs of $3.2 million in cash and 2.95 million shares of common stock
- Northern expects to pay back its acquisition costs and development capital expenses related to the properties within approximately 3 years, and still retaining additional future upside inventory
- Executed additional exchange agreements which will retire $4.0 million of Senior Notes and $7.6 million of Preferred Stock
ZN – (AH yesterday) PRNewswire/ — Zion Oil & Gas, Inc. (Nasdaq: ZN) announces formal approval from the Israel Ministry of Energy of its drilling plan for its next well in Israel.
MOGU – Shares of MOGU (NYSE: MOGU) kicked it into overdrive in afternoon trading Thursday, soaring 59% on no apparent news for the Chinese fashion and lifestyle company.
$SRNE – SRNE Sorrento Therapeutics Price Target Raised to $30.00/Share From $24.00 by HC Wainwright & Co.
$SONN – (News out on 7/29) FDA grants Expanded Access Protocol to RLF-100 (Aviptadil) for Respiratory Failure in COVID-19: Currently in development by NeuroRx and Relief Therapeutics under Fast Track Designation – note that this is what's going around the internet on this, I haven't verified it on sonn.
Good luck boys!