Is Northern Blizzard Resources Inc’s Fuel Running Low? The Stock Just Declined Again

 Is Northern Blizzard Resources Inc's Fuel Running Low? The Stock Just Declined Again

The stock of Northern Blizzard Resources Inc (TSE:NBZ) is a huge mover today! About 104,930 shares traded hands. Northern Blizzard Resources Inc (TSE:NBZ) has declined 9.19% since April 7, 2016 and is downtrending. It has underperformed by 15.33% the S&P500.
The move comes after 5 months negative chart setup for the $401.08M company. It was reported on Nov, 11 by Barchart.com. We have $2.96 PT which if reached, will make TSE:NBZ worth $44.12M less.

Northern Blizzard Resources Inc (TSE:NBZ) Ratings Coverage

Out of 6 analysts covering Northern Blizzard Resources (TSE:NBZ), 2 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 33% are positive. Northern Blizzard Resources has been the topic of 14 analyst reports since July 21, 2015 according to StockzIntelligence Inc. GMP Securities initiated the shares of NBZ in a report on Tuesday, October 6 with “Buy” rating. On Friday, September 9 the stock rating was maintained by BMO Capital Markets with “Underperform”. RBC Capital Markets initiated Northern Blizzard Resources Inc (TSE:NBZ) on Tuesday, December 22 with “Sector Perform” rating. The stock of Northern Blizzard Resources Inc (TSE:NBZ) earned “Sector Perform” rating by Scotia Capital on Thursday, June 9. The rating was initiated by IBC with “Sector Perform” on Wednesday, June 15.

More news for Northern Blizzard Resources Inc (TSE:NBZ) were recently published by: Bloomberg.com, which released: “Northern Blizzard Seeks $500 Million in IPO This Month” on July 09, 2014. Moodys.com‘s article titled: “Moody’s downgrades Northern Blizzard’s CFR to B2; outlook negative” and published on February 03, 2016 is yet another important article.

Northern Blizzard Resources Inc. is a Canada crude oil production and development firm focused on maximizing oil recovery from its heavy oil resource base. The company has a market cap of $401.08 million. The Firm is engaged in the exploration for and the acquisition, development and production of petroleum and natural gas reserves in western Canada. It currently has negative earnings. The Company’s properties include Cactus Lake, Winter, Court, Smiley, Coleville, Cuthbert, Thermal, Westhazel, Hearts Hill, Mantario and Senlac.

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