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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 26, 2016 11:58pm
127 Views
Post# 25087261

Banks are getting Impatient.No more Mr. Nice Guy.

Banks are getting Impatient.No more Mr. Nice Guy.No more easy money Baby. E&P are going to have to stick within cashflow.That means paying down debt and less Cash for expansion. $40 oil will just pay the bills no gravy.Production has not fallen as fast as we like because the US Shale were pumping like crazy to pay the bills.Drilling has slowed down and wells will be depleted.This was credit fuelled mania.Less money less drilling. Debt is a four letter word and Bankers are the bloodsuckers.Nice when Oil was at $100- vicious when oil is at $40.Banks will squeeze them patience is running out.
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