See Who Picked Rhino Resource Partners (OTCMKTS:RHNO) Shares
In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Rhino Resource Partners, L.P. (OTCMKTS:RHNO) reported that Rhino Resource Partners Holdings Llc. has picked up 5,000,000 of common stock as of 2017-04-26.
The acquisition brings the aggregate amount owned by Rhino Resource Partners Holdings Llc. to a total of 5,000,000 representing less than 38.7% stake in the company.
For those not familiar with the company, Rhino Resource Partners LP is an energy limited partnership that is focused on coal and energy related assets and activities, including energy infrastructure investments. The Company produces, processes and sells coal of various steam and metallurgical grades from multiple coal producing basins in the United States. It operates through four segments. The Central Appalachia segment consists of over two mining complexes: Tug River and Rob Fork. The Northern Appalachia segment consists of the Hopedale mining complex, the Sands Hill mining complex and the Leesville field. The Rhino Western segment includes its underground mine in the Western Bituminous region. The Illinois Basin segment includes its underground mine, preparation plant and river loadout facility, and Taylorville field reserves located in central Illinois. Its other category consists of its ancillary businesses and remaining oil and natural gas activities.
A glance at Rhino Resource Partners, L.P. (OTCMKTS:RHNO)’s key stats reveals a current market capitalization of 53.74 Million based on 12.91 Million shares outstanding and a price at last close of $3.80 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2017-01-27, Weston picked up 100,000 at a purchase price of $10.00. This brings their total holding to 1,400,000 as of the date of the filing.
On the sell side, the most recent transaction saw Royal unload 83,334 shares at a sale price of $3.00. This brings their total holding to 6,593,578.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Rhino Resource Partners, L.P. (OTCMKTS:RHNO) as things move forward to see if its progress aligns with these transactions.
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Akradi Bahram is Buying Northern Oil & Gas, Inc. (NYSEMKT:NOG) Shares
In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Northern Oil & Gas, Inc. (NYSEMKT:NOG) reported that Akradi Bahram has picked up 4,612,500 of common stock as of 2017-04-20.
The acquisition brings the aggregate amount owned by Akradi Bahram to a total of 4,612,500 representing less than 7.29% stake in the company.
For those not familiar with the company, Northern Oil and Gas, Inc. is an independent energy company. The Company is engaged in the acquisition, exploration, development and production of oil and natural gas properties, primarily in the Bakken and Three Forks formations within the Williston Basin in North Dakota and Montana. The Company holds working interests in over 2,630 gross (204.3 net) producing wells, including over 2,630 wells targeting the Bakken and Three Forks formations and over two wells targeting other formations. The Company leases approximately 165,910 net acres, all located in the Williston Basin. The Company engages in oil exploration and production through non-operated working interests in wells drilled and completed in spacing units that include its acreage. The Company’s proved reserves are approximately 65.3 million barrels of oil equivalent (MMBoe).
A glance at Northern Oil & Gas, Inc. (NYSEMKT:NOG)’s key stats reveals a current market capitalization of 148.95 Million based on 63.38 Million shares outstanding and a price at last close of $2.35 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2016-02-23 Rowling picked up 137,409 at a purchase price of $2.63. This brings their total holding to 12,202,365 as of the date of the filing.
On the sell side, the most recent transaction saw Reger unload 72,681 shares at a sale price of $16.01. This brings their total holding to 2,596,041.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Northern Oil & Gas, Inc. (NYSEMKT:NOG) as things move forward to see if its progress aligns with these transactions.
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