RE:Marin Katusa (Katusa Research) Garth Braun Interview They founded a completion company for their operations. Or better bought in this completion company. And in the next 30 days they will sell their product which reduces completion costs by over 20% in North America and Asia. Later BBI will get also cost reductions for their completions because its their own company.
A takeover is very likely, the question is when. Kicking Horse got bought out while they had 4000 boed behind pipe but with only 25 relevant sections in the montney and only one production zone. Blackbird has over 70 sections and at least two economical zones.
BBI has free cashflow when they are producing.
Every investor should listen to that video.