GREY:BXEFF - Post by User
Comment by
CanadianBuckon Jun 14, 2016 10:15am
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Post# 24963389
RE:BXE Notes from Dundee
RE:BXE Notes from Dundee Sorry I thought I gave credit in the first post to Pain_Capital from the IV board for posting this.
CanadianBuck wrote:
(Bloomberg) -- Bellatrix Exploration rose as much as 9% intraday in New York, most intraday since April 6, on 59% 3-month avg daily vol." Dundees Energy Specialist Ryan Mooney says in sales note to clients he advocates investors consider taking profits in Penn West and moving into BXE Mooney says based on disclosures BXE made in 1Q report and call, investors may be anticipating BXE to complete similar deleveraging event to Penn West, which may better highlight the discounted value proposition in its shares while alleviating some concerns of financial liquidity via completion of BXEs ongoing bank line redetermination Mooney notes CEO Ray Smith on 1Q call as saying we have a lot of irons in the fire that we hope to bring to fruition in the near term. That includes the sales of additional facilities and/or includes sale of non-core assets Says a renewed growth outlook driven by BXEs Spirit River play which remains economic at current commodity prices, would also be well received by the mkt