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Bellatrix Exploration Ltd (Canada) BXEFF

Energy
Bellatrix Exploration Ltd is a Canada-based oil and gas company, engaged in the exploration, acquisition, development, and production of oil and natural gas reserves in the provinces of Alberta, British Columbia, and Saskatchewan. It primarily focuses on developing its two core resource plays, the Cardium and the Notikewin/Falher intervals in Western Canada. The Notikewin/Falher in Alberta's deep basin boasts abundant, liquids-rich natural gas with compelling economics. The Cardium is a highly e


GREY:BXEFF - Post by User

Bellatrix Exploration Ltd (Canada)
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Post by Allaboutthetimingon Feb 05, 2015 6:58pm
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Post# 23401766

Solvency Issue

Solvency IssueAsk yourself this? Why would BXE hedge natural gas at such a low price of $2.92 for the summer? The reason is they already know how bad this quarter is turning out for them financially, and their hands were literally tied to make a hedge at $2.92. It is a very desperate move. Basically it ensures that they can meet their financial obligations. This quarter numbers will be pretty brutal IMO if it forced them to enter into this hedge.
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities