Top Energy Stock Pick from AlphaNorth’s Steven Palmer Powers
https://smallcappower.com/expert-articles/top-energy-stock-pick-041116/
AlphaNorth Asset Management’s Chief Investment Officer and founding partner Steven Palmer revealed an energy stock pick ‘gem’ during his SmallCapPower interview on August 5, 2016, which has surged more than 53% since.
Mr. Palmer said he liked
Blackbird Energy Inc. (
CVE:BBI) due to the fact that the Company has a “substantial land position in one of the most economic areas in North America (Montney), and they are right in the sweet spot of the Montney.” He added that Blackbird is transitioning into a producer by year’s end, having already drilled three wells with more planned by the end of 2016.
Ubika Research estimates that once the infrastructure facility is in place, Blackbird will be pumping approximately 3,150 barrels of oil equivalent (boe) per day, producing over US$57mm in revenue based on an oil price of US$50/barrel.
The AlphaNorth Resource Fund posted a YTD return of 203.6% as at October 31, 2016. It is the best performing mutual fund across all asset classes in the GlobeFund database of over 19,000 funds.