Post by
TonyDj on Jul 25, 2016 3:16pm
Load up. Low volume dip.
Dividend is sustainable. While most shale producers struggle with decline rates of 30 to 40 per cent, Northern Blizzards is only 17 per cent, one of the lowest in the industry.Despite the lower price that heavy oil fetches, these assets have top quartile break-even prices. This is because they produce relatively low-viscosity heavy oil, which works especially well with waterflooding. Northern Blizzard says it has 153 million barrels of proved and probable reserves on the books and 2,000 drilling locations in front of it. There is a huge opportunity ahead to unlock as much of it as possible, and to do so into higher oil prices. If WTI oil prices average $40 in 2016, Northern Blizzard should generate $120 million in funds flow. This was taken from an article written by Alberta Venture article Jun 29, 2016 by Jody Chudley
Comment by
Summon3r on Jul 25, 2016 7:53pm
keeping a close eye on this, imho oil will dip into the $30's again will be looking to "load up" in jan feb maybe a little earlier. amazing Div here considering the prolonged downturn.