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NORTHERN BLIZZARD RESOURCES INC T.NBZ

Energy Oil & Gas Integrated
"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

NORTHERN BLIZZARD RESOURCES INC > Waterous Energy Fund to become NBZ majority shareholder
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Comment by greenhawkon Jun 27, 2017 5:56pm
247 Views
Post# 26411043

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Waterous Energy Fund to become NBZ majority shareholder

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Waterous Energy Fund to become NBZ majority shareholderBased on their May presentation  it very much looks like their strategy is to continue paying dividends. ie just about every slide talks about how sustainable their dividend model is!
I doubt Waterous would intentionally mislead shareholders and change course - at least in the short term.
They did identify debt as one reason for the stocks poor performance so I would expect them to use excess cash flow to pay it down before increasing the dividend.

That being said if WTI dips below $40 for a period of time then the dividend will no longer be safe. 
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