2 Reasons NOG is risky and 1 stock to buy instead

2 Reasons NOG is risky and 1 stock to buy instead Northern Oil and Gas has been treading water for the past six months, recording a small return of 1.1% while holding steady at $28.25. The stock also fell short of the S&P 500's 8.2% gain during that period. Is there a buying opportunity in Northern Oil and Gas, or does it present a risk to your portfolio? Check out our in-depth research report to see what our analysts have to say, it's free. Why is Northern Oil and Gas not exciting? We're passing on Northern Oil and Gas for now. Here are two reasons why there are better opportunities than NOG, plus one stock we'd rather own. 1.