RE:RE:RE:RE:RE:New personThat's a lot of money tied up in an extremely speculative stock. There are far better names out there that carry much less risk. Given that this is not a cash flow story (because they have very little production), BBI will not be lifted IF you're bullish on WTI from these levels. relative to their cashflowing peers. You also have a bottom half management team at BBI. Not to mention a binary outcome news release in August when they report their new wells. I suspect they'll be NPV-NILL. I'll be back on the board in August to eat crow if results are good. Retail exposure in BBI is massive, this is not widley held by energy fund managers for a reason...it's easier to trick them into investing.
Eric Nuttall, an energy analyst shares my thoughts on BBI. See the link below.
https://www.bnn.ca/video/eric-nuttall-discusses-blackbird-energy~1170676