Interesting ComparisonIt is interesting that BBI even owns assets in the Montney. They are not generating enough cash to even entertain driling a well. I remember when Rock Energy was in a similar position a few years back. It cratered their stock, destroyed the balance sheet and only after a strategic review and very strict refocus on heavy oil has their stock recovered.
IMHO BBI should be investing in the far less volatile SK heavy oil. Stay out of the deep expensive stuff - it is an arena for the big boys who can afford to have a well go sideways. One misstep for BBI up there and it will be difficult to ever recover.
The Rock model has paid in spades for them - hopefully BBI can emulate.