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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

Post by Canadude25on May 05, 2016 11:54am
169 Views
Post# 24844560

The market is sending NBZ a message

The market is sending NBZ a messageThis stock closed at $3.70 on Feb 15/16 when oil was at $27/bbl. Here we are almost $18/bbl higher and at the same share price. That is almost criminal. The market is telling them to cut the dividend and reinvest the cash into new wells. Perhaps it's the perceived M&A and how to fund it that has spooked the market but nonetheless the market is speaking and they better listen!! It is hard to watch when other oil stocks are rewarding their shareholders.
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