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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 d_trumpon Feb 04, 2016 2:15pm
92 Views
Post# 24525066

RE:RE:RE:Down 10% on Zero Volume

RE:RE:RE:Down 10% on Zero VolumeI think you're right about the float as a big chunk is held by private equity.  I've noticed it often holds up really well when oil is tanking and vice versa.  Though today is really extreme - down 10% on a relatively good  (but choppy) day.  I wonder about a dividend cut but they probably don't need to cut due to their impressive hedge book (60% of their production at $79.50 WTI).  But lately when companies have cut it becomes a blessing and the stock rallies.  Who knows but I sold some HBM and LUN bought NBZ at 3.60 and 3.50.  
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