RE:RE:RE:RE:RE:RE:RE:RE:The market is sending NBZ a messageYou mean oil stocks, I suppose ? Not CRUDE LOL.
Same for me. Interest rates + inflation will go up. Oil is down for 2 years.
Also the same NBZ presentation, p4
"Need approximately US$37/bbl WTI to breakeven and pay cash dividend in 2016"
Now at 44-45 there is lots of room + upside. The big positive is that NBZ has no bank debt, implying that she won't be brought down by banks like TBE, AET.UN, LTS alike. Also their bonds have no covenants. I don't see a better and safer play than NBZ.