Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of Northern Oil and Gas
So what: Precisely. So what? Here at The Motley Fool, we've been tracking Capital One's performance as an oil analyst for years, and -- how do I say this nicely? -- when it comes to oil wildcatters, nobody coughs up more hairballs than Cap One. As of this writing, this analyst has managed the neat feat of getting precisely 50% of its 22 active oil and gas recommendations right, and 50% wrong -- yet still underperforming the S&P 500 by a combined 259 percentage points!
Now what: And now here comes Capital One with another pick on a profitless oil producer, telling us to buy it ahead of next year's projected profit. Should you listen?
It depends. Personally, if I were in the market for an oil stock I'd head straight to ExxonMobil
Bears versus Bulls -- who will carry the day? Add Northern Oil and Gas to your watchlist and find out.