TSXV:PEH.H - Post by User
Post by
MoneyMaker1234on Feb 09, 2018 9:07am
157 Views
Post# 27532320
Continued success - At $0.32 and projected to climb to $1.10
Continued success - At $0.32 and projected to climb to $1.10 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."
Read more at https://www.stockhouse.com/companies/bullboard?symbol=v.bbi&postid=27531732#bkPyFX6ET5cby1JX.99