RE:RE:RE:RE:RE:Any Comments on share price????It's good to see some serious discussion on the price of oil and Northern Blizzard.
I've been trading oil for more than 30 years and my thesis is that the price of oil will rebound sometimes in 2016. It's my belief that we're beginning to see a bottom being formed and that the first quarter will see the proverbial blood on the streets. The fact that OPEC raised their production, seemed to me a desperate attempt at trying to inflict as much short term pain as possible. The Saudis are starting to feel the pain, no matter what they say or do. It's one hell of a game of chicken they're playing, but something has to give and I believe something will sooner than later.
I've begun building a position in half a dozen oil plays and NBZ is one of them. They are one of very few that has some hedging in tact for all of 2016. That's a great position to be in.
GLTA
Jethro