BlackPearl reported first quarter financial and operating results that were well ahead of forecast, demonstrative of an ability to achieve success on the principal factor we are focused on – lower costs. Our 2016e and 2017e CFPS forecasts are up significantly on receipt of this report. The market has taken the stock up significantly since we last proclaimed that it was poised to be phoenix rising from the ashes on price recovery, but we do not believe it is over yet. We would buy this stock toda ....
