Post by
TonyDj on Dec 07, 2016 11:39pm
Granger from Outer Space ????
Who puts a sell recommendation on oil stocks when WTI is trading at $50.NBZ has hedged production for 2017 and oil prices are much better than a year ago by $10. $40 then ,$50 now. Has a minimum of $30 million in cash and has no debt to worry about until Jan. 2022 but I guess there are those that sell at the bottom and buy at the top.Also, who shorts this market we are going into the strongest season from Jan to March.Also, this $50 WTI price with the canadian dollar being at around 76 cents US gives us a $66 CDN handle.Even with WCS pricing we are at $35 US or $46 CDN.Operating Netbacks are positive with over $40 WTI nevermind at the $50 level.Now is not the time to sell.This issuer bid looks more like an accounting adjustment the more I look at it.
Comment by
xbox360 on Dec 08, 2016 7:11pm
I wouldn't even listen to him on bnn, waste of time. He doesn't even understand why the two major shareholders are tendering their shares. The company buying back shares will increase overall shareholder value, this is why companies buy back shares. Not sure how Granger is allowed to be on bnn in the first place, doesn't know anything.
Comment by
pierrelebel on Dec 09, 2016 7:59am
xbox360 - "He doesn't even understand why the two major shareholders are tendering their shares." Do you? Please explain why the two major shareholders are tendering ALL their shares. How does that benefit minority NBZ shareholders?
Comment by
miscstuff on Dec 09, 2016 10:26am
I would be happier if big money investors were paying a 7% premium to BUY 75M$ instead of selling. The purchase will drop the book value of the company from $1.93/share to $1.55/share. Not good.
Comment by
pierrelebel on Dec 09, 2016 12:10pm
miscstuff - "The purchase will drop the book value of the company from $1.93/share to $1.55/share" How do calculate that? It makes no sense. Since the company is repurchasing its own shares at a price below book value, such repurchase will increase the book value per share, not decrease it.
Comment by
miscstuff on Dec 09, 2016 12:49pm
Present book value =233.4M present # shares = 122.5M present book value =$1.93/share After share purchase (present assets - 75M$ to buy shares) $233.4M - $75M = $158.4M number of shares left= 103.79M b/s after purchase = $1.53/share
Comment by
pierrelebel on Dec 09, 2016 2:17pm
"Present book value =233.4M" Where exactly do you get that number? The most recent financial statement (Sept 2016) shows a shareholders equirty (book value) of $905,000,000
Comment by
miscstuff on Dec 09, 2016 2:53pm
It is updated daily by Stockhouse. I assume it is correct. Go to quotes - yesterday book was .53% of market cap, but due to share price increase today it is .511% of market cap. share price $3.79 x .511= book val of $1.94.share
Comment by
miscstuff on Dec 09, 2016 3:26pm
Right. Thanks pierrelbel for correcting me in a polite manner. Onward and upward we go!
Comment by
pierrelebel on Dec 09, 2016 2:22pm
You can find a link to the financial statement (Sept 30, 2016) from the company's website:
https://www.northernblizzard.com/uploads/Documents/nbri-fs-2016-sep-30.pdf