Should You Hold Northern Oil and Gas (NOG) for the Long-Term?

RS Investments, an investment management company, released its “RS Concentrated All Cap Value Strategy” third quarter 2024 investor letter. A copy of the letter can be downloaded here. During the third quarter, the rally of the year persisted, with the broad market, indicated by the S&P 500® Index, posting nearly a 6% return. This brings the total return to over 22% for the first three quarters of the year. However, there has been a shift in market breadth. In the third quarter, the strategy underperformed its benchmark Russell 3000® Value Index (the “Index”) and returned 7.4%...