Post by
TonyDj on Dec 02, 2016 5:30pm
What I think NBZ is doing.
Still too early we are not out of the woods yet.A lot of companies are out of business as this has been one of the most brutal downturns in History .Too much debt and spending like crazy.To name a few LTS,TBE and others are BK'd or close to BK selling assets to payoff loans. The prudent thing to do is pay down debt and operate within cash flow. Oil price still too low and hasn't stabilized for long enough. NBZ has plenty of acreage - let them work it instead of taking on more debt and garbage. We could be at the $50-55 range for a while. Still not good enough to repair a lot of balance sheets but good enough for NBZ to survive and thrive. That's saying a lot as there will be more bankruptcies.