Wall Street Unplugged - Your Best Source For Finance, Investing & Economics

Welcome back to another episode of Wall Street Unplugged. This week I welcome back Garth Braun, Chairman & CEO of BlackBird Energy (BBI.V). Last time Garth was on the show he introduced listeners to one of the finest oil patches in North America - Canada’s Montney Formation. This liquid-rich shale area is now home to some of largest players in the industry - companies like Encana, Apache, Sinopec, and Shell. It’s Canada’s next big energy bet. And Blackbird Energy, the small-cap exploration and development company, was one of the first to discover it. So to start off the episode, Garth catches listeners up to date. He begins by breaking down Blackbird’s recent major capital raise… and how the company has added even more land into the Montney. Moving on, we then talk about the sector as a whole. As the “oil supply glut” continues to haunt investors across the industry, not to mention the increase of drilling costs overtime… companies like BlackBird Energy have been forced to innovate and adapt to current ma