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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 uogradon Aug 11, 2016 8:20am
272 Views
Post# 25129848

solid numbers for sure

solid numbers for sure


If you are going to own an oil stock this is the one to have.  Dividend is safe, payout ratio would be about 70% if they did not have a DRIP but most people use DRIP so that is a built in private placement of cash every month.

Hedges look good, they say 70% of their production is profitable at $30 bucks WTI so that is good.

They have been lowering their costs very well and have $30 million in cash and no debt other than  a debenture with no covenants that is not due until 2022.

Like i said if you are going to own an oil stock this is the one.

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