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NORTHERN BLIZZARD RESOURCES INC T.NBZ

"Northern Blizzard Resources Inc is engaged in the exploration, acquisition, development and production of petroleum and natural gas reserves in western Canada."


TSX:NBZ - Post by User

Comment by Oilmarketon Aug 18, 2015 12:24pm
141 Views
Post# 24028075

RE:RE:RE:RE:RE:Thoughts on the Dividend Cut

RE:RE:RE:RE:RE:Thoughts on the Dividend CutYou are correct about the DRIP being in place to reduce cash leaving the company. They can't change that at these prices. They keep the cash to spend but you get diluted. You have the option to not be in the DRIP but I think if everyone quit the DRIP they would cut the dividend to save cash. At 42 WTI and WCS at -19, their netback for 985 density oil is negative after operating, G&A and Interest. Good thing they have some hedges.
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