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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

Post by TonyDjon Nov 06, 2016 10:28am
284 Views
Post# 25429567

TORC is doing the same thing.

TORC is doing the same thing.Here from their news release. It looks like NBZ has less debt. During the second quarter, TORC declared dividends of $9.8 million of which $4.8 million was paid under the share dividend program; At quarter end, the Company was drawn $241 million on its credit facility, with net debt of approximately $299 million; During the second quarter, TORC's credit facility was reaffirmed at $400 million; and Subsequent to the end of the second quarter, TORC announced strategic acquisitions of primarily complementary southeast Saskatchewan properties producing 1,200 boepd (95% light oil and liquids) financed by a bought deal public offering and a private placement to TORC's cornerstone investor (CPP)
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