GREY:BXEFF - Post by User
Comment by
FederalReserveon Feb 02, 2018 1:02am
308 Views
Post# 27486486
RE:RE:Where's the bow tie guy now?
RE:RE:Where's the bow tie guy now?I don't think so guys(I don't own any shares) but this stock is cheap & I don't think it's a falling knife either! I think currently nat-gas in Canada is a horrible biz to be in. Pricing is pathetic and there is,no end to bad aeco pricing at the moment. But February looks like it will become Frigid throughout Canada, the eastern seaboard and the mid/west!!!! Hopefully it will cause massive draws, cause thats the real medicine to improve pricing in aeco. If pricing can recover tonorth of $3/gigawatt Bellatrix will be fine and hopefully set -up some new hedges! But let's face it. When there's a huge supply glut and you carrying around $400mil of debt around, that's a catastrophic burden. Thank gosh this debt is not due for a few more years. If pricing can recover to historical level, this stock is so cheap!!!! Keeping my eyes on this pup! Historically when you produce 39000boe,/day and you got $390mil in debt it's not bad at all, actually it's very manageable & you can really function if you got a good pricing! Glta