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NEWSFLOW ARTICLE

Nostrum Oil and Gas – Debt for equity swap due...or worse?

2019-10-30 09:11:38

The share price of Main market-listed Nostrum Oil and Gas (NOG) has declined from 780p back in August 2014 to 10p on 11th October and has now recovered to 26.5p. With a market cap of some £50 million but production around 30,000 boepd it initially looks like a bargain. But, as is all too often with such investment cases, it’s drowning in debt with little sign of ever being able to pay this back. A debt for equity swap seems the only way forward to me. At best...

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Zak Mir's Bull Call Of The Day: Nostrum Oil & Gas: RSI Indication On A 780p Destination

2015-06-27 01:25:32

What can be seen on the daily chart of Nostrum Oil & Gas is the way that it is price action since September has largely mirrored the underlying price of crude oil.

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