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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 Dec 06, 2016 10:38pm
183 Views
Post# 25563953

Granger on BNN.Tell me something I don't know

Granger on BNN.Tell me something I don't knowFor all the negativity.Things are alot better going into 2017 than last year. Most E&P's have hedges in place at $50 WTI and we are getting closer into balance than a year ago.I have not heard one speaker ever go on TV and give a positive outlook.This doesn't make news.Most TV shows are for entertainment nothing of value.NBZ has put a floor on the stock with the issuer bid. Shorts by the day will be less and less. 6% cash dividend,stock buyback plan at $4.00 and cancellation of the stock dividend plan so there is no more dilution to existing shareholders.Also the good thing is that we will still be going into 2017 with $40 to $50 million cash and thats after the $75 million alloted for the buyback of shares.So you tell me if we are looking better now than a year ago. Last year we were at $30 oil,no cash,layoffs and hunkering down.Last time I checked we are at $50WTI,hiring staff and cash in the bank.Management has taken the right decision. 13% dividend was too high and dilution was biggest obstacle.They have addressed both issues .
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