Class Time with OilgasInvestor1-another discussion with CEOAs I see some ridiculous conjecture going on here I figured it was time for some class time to educate everyone on this board and get this bullboard back on track.
Lets start with JV'ing the property. I spoke with Garth at length on this (and i recommend anyone else call him if you are curious about the company becuase he will answer in my experience.) Garth wants to demonstrate a major success with his new team and tie in production and move to cash flow. Garth is a guy who has backed his company (just look at SEDI) and wants to move his company on strenght. Why would you JV out a portion of this property right now? The value of this company is owed in large part to Blackbird retaining a 100% of the property. Giving up a portion at this point would just be telling the market they do not beleive in how great this resource is.
On analysts: Lets first chat about motives. An analyst does not give a rats A** about retail investors (no offence). They care about insitutional investors who pay fees for trading through the house (brokerage). They pick stocks to cover that they beleive will make their clients money so that they continue to read and trade through a particular sell side brokerage.
Here is where it comes to Blackbird. Having six firms covering BBI tells the market that one the banks believe in the investment thesis of Blackbird otherwise they would not have a buy rating on it. It tells the market they have access to capital if they need it. It tells the markets that banks believe in Garth running the company. Word on the street was that the last two equity raises were done by Garth - this was an impressive feat in last years market (sh**).
My understanding is Blackbird will be drilling very soon and that this will be a well that is drilled by the new VP operations who has an impressive resume (Murphy Oil - BOOM).
Bigbird456 - Your pumping of CRS tells me that your numbers in your handle represent the grades you did infact pass. Cardiff is a Vancouver scam and I would recommend you reevaluate your investment paremeters as in this market it wont work.
Blackbird is in my opinion geared up to do quite well coming up - look forward to experiencing this investment with you all :)
Just simple summary:
Blackbird raised money when others couldnt leaving it with significant capital and a way forward.
Blackbird has assembled land at a fraction of the cost of other industry participants in the area (NuVista =$2.9mm per section RIGHT beside BBI, BBI = ~85K per section, same F***en resource)
Blackbird has a hyper detailed and strong CEO Garth has impressed me and I have spoken with a lot of CEO's. He cares about the company and seems to be doing everything to make it stronger. He has strengthened the team and on this next well which is coming soon (my thoughts and how he is talking about it) will further differentiate Blackbird from the rest (this means probably a bigger completion).
Blackbird has a team of individuals who I belive will make this a success.
I encourage people to call Garth to dicuss Blackbird as his passion and intensity its impressive combined with his knowledge of everyhting oil and gas.
I encourage investors to call the CEO's of all of their investments its how you get to the bottom of things.
Oh and Bigbird - take your pumping elsewhere this is a serious board with serious discussion.
Giddy up people..should be a fun ride.
Class Dismissed and GLTA