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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: dDye who wrote (41906)	3/22/2011 3:33:18 PM
From: E_K_S	1 Recommendation Respond to of 78763

Re: Northern Oil and Gas, Inc. Comm(AMEX: NOG ) Voyager Oil & Gas, Inc. Common(AMEX: VOG ) More on NOG & VOG and their family connections. Perhaps this is why both stocks are selling off today. It looks like it is more than nefarious depletion allowance accounting. Definitely some RED flags got raised today. The first story on NOG in the series by The Street Sweeper is located here: thestreetsweeper.org Under Surveillance NOG: The Dirt-Filled Cracks in the Rags-to-Riches Story by Melissa Davis - 3/21/2011 7:36:42 PM thestreetsweeper.org From the article"...In 2008, the year after NOG went public through the reverse-merger process favored by shady microcap players, Polinsky and Geraci dumped a combined $9 million worth of company stock – despite a so-called “lockup agreement” restricting insider sales – before quietly fading from the scene ahead of a damaging Barron’s report that delivered a powerful hit to the company and its double-digit stock price. They never disappeared entirely, however, with both men since resurfacing as named defendants in a 2010 shareholder lawsuit against NOG insiders (including its current executives and their relatives) for alleged conflicts involving the creation of yet another energy company – now known as Voyager Oil and Gas (AMEX: VOG) – that has supplied a fresh source of stock and the opportunity to repeat the lucrative NOG cycle all over again. Michael L. Reger serves as the founding CEO of NOG, while his brother James Russell “J.R.” Reger (who, together with his uncles, sold NOG some of its first leases) fills the same post at younger VOG. The companies themselves look more like clones than brothers, with NOG establishing the definitive genetic traits – including some of the same nasty birthmarks – that’s essentially turned VOG into its younger twin...". <clip> "...Meanwhile, records show, WSR has snagged VOG – a newer version of NOG itself – as a paying client as well. Today, records show, WSR prominently showcases VOG in both the “Focus List” and the “aggressive growth portfolio” featured on the homepage of its website. WSR’s president now shows up as the head of investor relations for VOG, too. For the most part, records show, WSR’s other clients trade for less than $1 – many for mere pennies – if in fact they continue to trade at all. As a result, both NOG and VOG jump out from that crowd. Following the path blazed by NOG after it first hit the market, VOG has fared so well as a brand-new Bakken oil play that it managed to “up-list” from the OTC Bulletin Board to the American Stock Exchange before it even celebrated its first birthday as a publicly traded company. Like NOG before it, VOG also enjoyed rapid triple-digit gains along the way. All told, VOG has rocketed almost 250% -- soaring from $1.40 to $4.89 a share – since the company (a former poker stock) set out to become the next NOG less than one short year ago. TheStreetSweeper called VOG seeking information for this story. After TheStreetSweeper identified itself, however, the company’s CEO abruptly hung up the telephone....". Not very compelling to hear as a new stockholder. . . . Issues raised by this article March 22, 2011, 10:54 AM ET Insider Selling Accelerates at Northern Oil & Gas blogs.barrons.com ---------------------------------------------------------------------- I need to step back and re-evaluate my small VOG position. I have a small starter position which I will hold but will not add more until I determine what if any these family parties play in the operations of the company. EKS