Bellatrix Exploration Ltd (Canada) BXEFF

Someone wants out at $1.55

[deepblue]

Eom.

[backforty]

Who wouldn't want out of this pig?  I sold earlier this year at a big loss after holding for many years.  The tax value of the capital loss loss carryforward was worth more than I'd ever see from this one!  So far that seems to be the right decision.  This one gains a little and then always loses more.  They can drill all the "top wells" they want but

[Oceans19]

Watching the action it feels like it's being played to grab cheap shares but the action still feels like it wants to melt up. Anyone else flowing closely? Hopefully they address their debt the right way without dilution and that news on that front is forthcoming. Didn't they say that they were renegotiating this month? Delays on that end could mean that there are big issue at hand and

[C32BTT]

Won't be easy for the company to deal with the $400 million in debt without diluting and destroying current shareholder value.  And, debt isn't the only problem though with this company, by nature this company is extremely inefficient with its high operating costs.  This company runs at over $15/BOE for operating costs compared to its peers that run at half that per BOE.  It

[backforty]

C32BTT: I agree with your comments on the debt, but I'm not sure where you are getting your numbers for Bellatrix operating costs at over $15/boe??  Q1 2018 opex was $8.13/boe and it was $8.31/boe in YE 2017.  

[C32BTT]

backforty ---- I'm guessing you don't have an accounting background.  I always assume people here have some sort of financial background lol.  Anyways, the $15/BOE is the actual operating costs meaning the cost to operate the business, which includes Transportation, Production, General & Administration, and Finance & Interest costs.  The figure you've posted is

[backforty]

You referred to "operating costs" which is synonymous with production expenses in the oil and gas industry so I was just clarifying.  I certainly understand all of the other costs involved in an O&G company as I work in the industry.  I actually generally stay with much larger E&P companies now.  Who are your top picks as peers to Bellatrix since you seem to have

[C32BTT]

Okay, that makes sense, I just thought everyone goes by the reports.  It would seem the bigger E&P are safer bets.  As for companies, I don't have a top pick and even if I did I wouldn't promote them here.