NORTHERN BLIZZARD RESOURCES INC T.NBZ

2016 Results Released this Morning

[pierrelebel]

Link: https://web.tmxmoney.com/article.php?newsid=6679072699928434&qm_symbol=NBZ

Key:

"Capital expenditures are forecast to be $60.0 million in 2017, leaving $50.0 million of free cash flow to be returned to shareholders or used for other corporate purposes. The current dividend rate of $0.24 per common share is expected to use $25.1 million of this free cash flow."

[ppp]

Excellent quarter. Glad I bought more over the last while. The market is out to lunch on this one. GLTA

[Sonofmshade]

Gotta admit the results and forecast are reassuring.  Good numbers, guidance, cash situation etc.. I still not happy with using the cash to buy back shares, I would rather they use it to buy some quality assets cheap. However I suspect in the long term we will all be better off for it.

[tvstock]

ppp always like your comments. What is your view towards BAT and the fact that Sauid imports to USA has not fallen down although they say they are cutting production big?

[ppp]

Sorry don't know what you mean by BAT ?. 

[tvstock]

Border adjustment tax , sorts of import tax that may be added on all imports to US. 

[ppp]

To be honest I havn't given it much thought. IMO Trump was looking to Mexico and China more than Canada. , Even though it could happen here, I don't think it would effect the oil biz much, as most likely the Canadian dollar would weaken some more. and mitigate the increase.  We in Canada need to get smart and slow the flow of oil down to the US anyhow and develop our infrastructure

[puma1]

book value on this company is over $12 CDN. This company is really undervalued based on a balance sheet look. Funds flow after Capex is double the dividend so this yield seems out of whack a bit.

[xbox360]

Yeah, based on the 4th quarter result, this stock is worth buying at this point. Return is more like 15% at current price - double the dividend, yet they will use the money for buyback in the future if price stays low or something else. This is not caring for the shareholders in the long run wise since double dividend is better, yet two private equity fund is not saying anything so what can we do.

[xbox360]

Also when the company received an offer, two private equity firms must've been notified. Yet, the price did not satisfy them - in which the offer was still above $4 per share. So two private firms are interested in participating in the share buyback which does not actually reduce their percentage of total ownership overall that much, however, they are not interested in someone else picking up