NORTHERN BLIZZARD RESOURCES INC T.NBZ

Lets see what the next 4 months brings. No Hurry to cut Divi

[TonyDj]

This is from an article from the Motley Fool

One of Mr. Nuttall’s other favourite companies is Northern Blizzard Resources Inc.(TSX:NBZ), whose dividend yielded a whopping 12.6% heading into Thursday. And this was after a 50% dividend cut earlier this month. But Mr. Nuttall thinks the dividend won’t be cut again.

The company has 60% of its 2016 production hedged at $79.50 per barrel, which should help it survive if oil doesn’t recover significantly. Better yet, Northern Blizzard has all of its producing assets in Saskatchewan.

 

[uograd]

that is an old article.  Nuttall dumped all his NBZ a couple of months ago after making some nice dough on its move up this spring/summer.