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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 TonyDjon Jul 28, 2016 1:45pm
93 Views
Post# 25092649

RE:RE:For Your Eyes Only - NBZ shareholders

RE:RE:For Your Eyes Only - NBZ shareholdersShort term possible.Won't stay there long -last time was what 2 weeks with a higher amount of oil supplies. Less supplies this year with reduced capital spending and layoffs and bankruptcies have increased. Considerable damage has ben done. It's not that easy to get manpower and equipment back to pre levels especially at $US 40 oil . Oil will have to be at US $50 WTI for a good amount of time before bankers will start lending again and even then they will be more cautious. Downside risk is minimal as going into 2017 will see even more of a balance.Futures market showing $45-50.
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