BBI:TSX.V

Blackbird Energy Inc.

Blackbird Energy Inc. is an emerging Canadian exploration and production company focused on the highly prospective, liquids-rich Montney natural gas resource in Alberta. Blackbird is focused on the development of its Elmworth Montney project where it has 100% working interest in 81 sections of highly prospective Montney resource.
BBI:TSX.V

Expert Comments:

Analyst Tom Erik Kristiansen with Pareto Securities made the case for investing in this energy company.
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Keith Kohl, Pure Energy Trader (4/6/18)
"Blackbird Energy Inc.'s production is at record levels right now; during Q1/18, the company achieved record production of 2,082 boe/d (57% liquids) for the 55 days it was on production, with total production for the quarter averaging 1,273 boe/d. Furthermore, Blackbird also posted record revenues for Q1/18 of $6M. . .this represents a 5,387% revenue increase compared to the same period in 2017."

Technical analyst Clive Maund discusses a company that he believes will break higher regardless of what oil does.
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Keith Kohl, Pure Energy Trader (3/13/18)
"Blackbird Energy Inc.'s 3-27 well was drilled to a total depth of 4,604m (with 2,200m lateral) and completed over 59 intervals using the STAGE System exclusively; approximately 4,500 t sand were placed, representing a completion intensity of about 2 t/m. . .the company's management believes this supports the conclusion that 114 of its 134 sections are located in the overpressured, liquids-rich Montney corridor at Pipestone/Elmworth."

Garett Ursu, an analyst with Cormark Securities, highlighted this energy firm's upcoming well test results and upside potential.
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Garett Ursu, Cormark Securities (2/28/18)
"With Blackbird Energy Inc.'s eastern 2-20-70-6W6 Pipestone well testing at 1,163 boepd (including a record 824 bpd condensate), results from the currently testing northern 3-27-71-7W6 well represent the final derisking event for the company and the start of a transition to a high-growth junior. We anticipate strong results from the 3-27 well to confirm a majority (>75%) of the company's Pipestone acreage to be within the volatile oil window."

Cormark Securities analyst Garret Ursu discussed this oil and gas E&P's recently released and upcoming well test results.
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Garett Ursu, Cormark Securities (1/10/18)
"Initial production results from Blackbird Energy Inc.'s western development block at Pipestone were released yesterday, including two new wells and one recompletion. . .the 02/6-26 well tested at 701 bpd condensate (574 bbl/MMcf) with an IP-30 rate of 475 bpd condensate (441 bbl/MMcf)."

Tom Erik Kristiansen, Pareto Securities (1/9/18)
"Blackbird Energy Inc. announced better than expected results from the latest three wells in the development area; production in the first 30 days averaged 618 boe/day with a very strong average liquids ratio of 282 bbls/mmcf, which is well above our assumption of 175 bbls/mmcf. . .We will for now keep our estimates unchanged but nonetheless view this as a further confirmation of the high quality of the proven acreage (~25% of land base, valued at CAD 0.60/shares vs current share price CAD 0.34)."

Pareto Securities (10/10/17)
"With nine additional wells potentially proving up the majority of its remaining acreage by early 2018 (first update likely later this month), we believe Blackbird Energy Inc. offers a particularly attractive risk/reward. . .we highlight the company as one of our Top Picks and initiate coverage with a Buy and target price of CA$1.10."

More Expert Comments

Experts Following This Company

Clive Maund – gold, silver & oil shares
Garett Ursu, Analyst – Cormark Securities

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Investing Highlights
 
Asset & Size of Prize: 100% working interest in 128 sections in the Montney
 
Strategy: Maximize shareholder value through drill bit delineation and land acquisitions
 
Torc: High impact well results in near term
 
Financial Strength: Approximately $28M cash
 
Team: Highly experienced team with over 150 years of experience