Northern spent $287.5 million on Delaware Basin acquisitions and is issuing $435 million in 3.625% convertible notes due 2029. Find out if NOG is a Buy.
OPEC+ stunned the market last week reducing official quotas by 2 million boepd. See why I think this cut may have just marked the bottom for crude prices.
The reduction of production quotas by OPEC+ members by 2 million barrels per day will not lead to an increase in oil prices in the long term. We could see oil prices fall in 2023.