Perhaps also interesting development for Blackbird ?" I'm happy to see IBR's sp finally heading up out of the analyst dungeon. If Velvet wants to be taken seriously they'll have to ditch the cheap suit and stop imitating Rodney Dangerfield 'cause right now they're getting no respect. I imagine other Montney competitors like Hammerhead, Paramount, Seven Gen, Harvest, CNRL, Husky etc.(maybe even the team's former employer Tourmaline) would seriously jump much higher to buy such a world class asset. Of note - pretty much nobody wants a litigious super bully CNRL as an adjacent operating neighbour so Velvet needs to find a more generous touch in their dealings to avoid that disaster. The can of worms Velvet opened today is all theirs. Let the games begin!
Incidentally BBI's trading at $0.39 today with almost 5 times the number of shares for their sour deeper more expensive less oily lands. I see BBI as an approximate, albeit conservative, analog to IBR. So simple math to match up an equivalent value to IBR gets a $2.00 price (which is still too cheap imo)."
Read more at https://stockhouse.com/companies/bullboard?symbol=t.ibr&postid=28065345#kQZEMfqHkQB4F5Kr.99
Would like to hear other opinions about this !!??