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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 TonyDjon Jul 09, 2016 3:18pm
185 Views
Post# 25038354

70% of Production is Profitable at $ 30 WTI

70% of Production is Profitable at $ 30 WTIThis company has fantastic hedges for 2016 and 2017.They are making money and paying down debt in this downturn. I am amazed at how well they are hedged. The company is going to grow production in this downturn while others are losing production. They have 2 large PE backers behind them and untapped credit facility . They can easily go another 2 years like this and still make money. The odds are that in 2 years time oil will not be $45/bbl.
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