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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 Sep 12, 2016 4:18pm
125 Views
Post# 25229430

Oil steady at US $46 WTI. Next Quarter should be good.

Oil steady at US $46 WTI. Next Quarter should be good.2016 Hedges at $80 CDN and WTI at around US $45 . This next quarter should have no problems covering bills and could bank more cash. Another $30 million and we could be going into 2017 with $60 mill cash and no debt except the bond due in 2022. Dividend is safe. If they were able to cover Dividend when prices hit $26 - mid $40's now should be no problem
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