Investor Presentaiton
How We Do It
OUR INVESTMENT APPROACH
We apply modern portfolio theory in our investment approach to pursue optimal risk adjusted returns. Diversification across geography,
commodity, operators and deal structure or concentration provides us with a degree of optionality unavailable to most upstream companies.
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We focus on finding the best
full cycle opportunities to
complement current
portfolio positioning
Analysis of proprietary data
and ability to back test prior
investments informs our
decision process
Active commodity
hedging mitigates
systematic risk and
protects our exposure
Our approach contributed
to NOG's outperformance
vs. the S&P SPDR XOP
ETF by over 100% since
2018(1)
1)
The XOP is the S&P SPDR Oil & Gas Exploration and Production ETF, measurement period 1/1/2018 to 8/31/2023.
Investor Presentation September 2023 | 7 NOGView entire presentation