QIS Update #9 2012 - March 12th 2012
Included in this update:
- Blackbird Energy (BBI) – recap and outlook
- Dalmac Energy (DAL) to announce Q3 results and host conference call on March 13th
For those of you not already aware, due to many corporate requests, we have changed the Calgary Small-Cap Conference date from March 15th to May 10th. Companies were not able to commit for March 15th due to year-end financial reports and other matters so we trust that the new date will facilitate a much more successful conference (as long as we’re not competing with the NHL playoffs). For those who had registered for the March 15th event, your registration has automatically been extended to May 10th. We apologize for any inconvenience this may cause.
While we have run into similar concerns for the Vancouver Conference on April 10th, we are moving ahead with this date and look forward to meeting many of you at the event. If you haven’t already registered, please do so at: www.smallcapconference.ca. As always, attendance is free for all investors. If you know of companies looking for an opportunity to present to a large group of quality small-cap investors, please encourage them to visit the website at www.smallcapconference.ca or give us a call.
Please feel free to email us anytime at firstname.lastname@example.org or call us at (250) 377-1182. We look forward to your comments, questions, and feedback.
Blackbird Energy Inc. (BBI:TSX-V)
Current Price: $0.17 (coverage commenced Aug 19/11 - $0.18)
Blackbird Energy is already well on its way with its third high impact well being drilled on a land pooling agreement with Trilogy Energy (TET:TSX) and TAQA North. The well has a planned horizontal length of 2,568m. In addition, Blackbird will benefit from the completion team at Trilogy and TAQA North which has had tremendous success in adjacent lands in the Bigstone area.
Blackbird also has a new powerpoint presentation out which can be viewed at: http://www.blackbirdenergyinc.com/i/pdf/Presentation-Feb2012.pdf. This presentation shows the location of the third well and discusses the area and its many opportunities.
Finally, some of you may have noticed that Celtic Exploration (CLT:TSX) has taken quite the hit lately. They are a big player in the Montney prospect but have been struggling with the natural gas price and fundamentals at their Resthaven property. We would assume that the company will be turning more of its focus to its Bigstone area which has far superior fundamentals due to the higher levels of liquids rich gas. This should continue to place more of an industry spotlight on the Bigstone area and could lead to more interest for mergers and acquisitions for those that have significant land positions in the area such as Blackbird.
There was recently a recent full page article in Resource World magazine which discusses Blackbird and its Montney formation. We have a copy available in PDF format. If anyone would like a copy of the report, please respond to this email or give us a call.
Dalmac Energy Inc. (DAL:TSX-V)
Current Price: $0.53 (coverage commenced Nov 15/11 - $0.37)
John Babic, President and CEO of Dalmac Energy Inc. has announced that the company intends to release results for the third quarter of fiscal 2012, for the period ended January 31, 2012 before market opening on Tuesday March 13, 2012.
A conference call to discuss the results will be held on Tuesday March 13, 2012 at 4:15 pm EST, 2:15 pm MST.
To participate in the conference call please dial, 416-644-3414 Local in Toronto, or Toll free, 1-800-814-4859 and request the Dalmac Energy Conference.
QIS Capital Comments:
We would like as many as possible to participate in the conference call with Dalmac Energy management. We have been updating investors on the story since November and have seen a nice increase in share value from $0.37 to $0.53, an increase of 43%. We continue to look forward to improving fundamentals and believe that the company remains on track to meet or exceed its revenue forecast of $30 million for fiscal 2012 (ending April 30th) and earnings of $2.5 million or $0.12 eps. Fiscal 2013 should continue this positive trend as we expect the company to improve on its typical loss in Q1 while also enjoying a full year of higher charge out rates and improving utilization of equipment and services.
Disclaimer: This article is for informational purposes only. The information contained within this article should not be construed as offering investment advice. Those seeking direct investment advice should consult a qualified, registered, investment professional. BOEs may be misleading, particularly if used in isolation. A BOE conversion ratio of 6 Mcf: 1bbl is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. The company profiled assumes no liability for the information presented. This is not a direct or implied solicitation to buy or sell securities. Readers are advised to conduct their own due diligence prior to considering buying or selling any stock. The author(s) owns directly or indirectly 109,500 shares and 450,000 options of Blackbird Energy Inc. and 23,500 shares and 200,000 options of Dalmac Energy Inc. QIS Capital may have a financial relationship with these companies and may trade in the stocks mentioned. No stock exchange has approved or disapproved of the information contained herein. Copyright © 2003 - 2012 QIS Capital Corporation.