RE:Next target - $0.27
LucasKnight wrote: NEVER FIGHT THE TREND....or you will get burned.
Blackbird has a huge percentage of institutional investors such as GMT Capital, Katusa Fund etc. Management holds a huge chunk of shares too. By refering to interviews, it is quite obvious that this is a takeover play after tie-in and well spuds. They have got one of the best land positions in the super condensate corridor.
As such, BBI is rerating once more on solid fundamentals. Anyone who did an ounce of Due Diligence would understand that they are severely undervalued [i.e $0.50] prior to the 4th spud.
Be careful - easy up easy down. BRI is a different commodoity. Gold rallied from January until today. Oil has not done the same
Though I agree BBI will be bought one day