Northern Oil & Gas Sees FY23 Total Budgeted Capital Expenditures From $764M-$800M To $790M-$820M
Portfolio Pulse from Benzinga Newsdesk
Northern Oil & Gas has revised its FY23 total budgeted capital expenditures from the previous range of $764M-$800M to a new range of $790M-$820M.
November 01, 2023 | 9:26 pm
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POSITIVE IMPACT
Northern Oil & Gas (NOG) has increased its FY23 total budgeted capital expenditures, indicating potential growth or expansion plans.
An increase in capital expenditure usually indicates a company's plans for growth or expansion. This could potentially lead to increased revenues in the future, making the company more attractive to investors. Therefore, this news is likely to have a positive impact on NOG's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100