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VOG should start coming back to the forefront with energy prices. |
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Released on Thursday, August 9, 2012, 7:30 AM ET
Pittsburgh, PA (SpeculatingStocks) - Voyager Oil & Gas (NYSE:VOG) is an exploration and production company focused on acquiring acreage and developing wells in shale oil plays in the continental US. Primarily, VOG is currently focused on North Dakota and Montana properties.
On Monday of this week, VOG announced record oil production, revenue and adjusted EBITDA (earnings before interest depreciation taxes and amortization). The company for Q2 produced over 85,000 barrels of oil, up from approximately 56,800 barrels of oil produced in Q12012.
VOG also recorded record oil and natural gas sales of $6.76 million for Q2, up from $5.09 million in Q12012.
This is all happening while VOG is trading 10 cents above its 52-week low of $1.06. From the volume over the past month, it looks like smart money have been accumulating VOG at its current level.
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