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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 pierrelebelon Feb 13, 2017 3:07pm
155 Views
Post# 25838826

RE:SP and big funds

RE:SP and big funds
"...stock price just keeps getting destroyed..."

???

I am not sure what you mean by 'destroyed".   Back three months ago, the shares were trading at around $3.40.  Today we are trading at $3.65 with a yield exceeding 6% despite the recent dividend cut..

Destroyed?

Look at other Canadian oil stocks.  Some are doing better, many are not. Large outfits like Crescent Point (CPG for example) trade today for less than they did in November.

Of course we would all prefer to see the shares trading at $4 or $5 or more. But let us not get carried away using words cush as "destroyed". There is no credibility using those words.

PS - We purchased an additional 3,400 shares this morning at $3.65.  We expect higher prices ounce the dust settles.
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