How much longer do we dwell in the cellar? This company is so underpriced it is shameful. With a projected exit rate of 18,000 bbl/day at year end we should see at least $70,000 per flowing BBL, or a market cap of 1.3 Billion, or easily double the current price. People selling now will miss out. Patience!!
per one month ago:
* Sees 2012 exit rate of 18,000-18,500 boe/d
* Credit facilities and borrowing base increased to C$170 million
Nov 28 (Reuters) - Canadian oil and gas explorer Bellatrix Exploration Ltd said it sees a higher exit production rate for the next year.
Bellatrix, which operates oil and natural gas reserves in Alberta, British Columbia and Saskatchewan, sees 2012 exit rate of 18,000-18,500 barrels of oil equivalent per day (boe/d).
The company expects to exit 2011 at 15,000 boe/d.
In September, Bellatrix had forecast a capital budget of C$180 million ($171.92 million) for 2012.
The company also said its credit facilities and borrowing base have increased by C$30 million to C$170 million.
Shares of Bellatrix had closed at C$4.45 on Friday, on the Toronto Stock Exchange