EXCLUSIVE: Northern Oil & Gas' Erik Nerhus Responds To Negative Press (NOG)

After predictions by The Street Sweeper of ultimately unsustainable growth from Northern Oil & Gas' NOG, Benzinga reached out to NOG to hear their opinion on the matter. NOG has successfully rose from $2 to near $34 a share in a few short years. We spoke to Erik Nerhus, VP of Business Development, to hear NOG's stance on this matter. Nerhus tells us, "We've guided that production should grow 30% quarter to quarter. We're confident in this sustainability." Price targets by analysts covering the stock have been set as high as $40 a share for NOG, which is currently trading at $29.06. When asked of a possible peak in stock prices and whether NOG will indeed rise to $40 a share, Nerhus declined to comment. Nerhus also declined comment on the allegations of insider sales and corporate conflicts. This article may include mentions of rumors, chatter, or unconfirmed information. Readers should beware that while unconfirmed information may be correlated with increased volatility in securities, price movements based on unofficial information may change quickly based on increased speculation, clarification, or release of official news.