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Bellatrix Exploration Ltd (Canada) BXEFF

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

Post by ERTguyon Dec 05, 2016 1:15pm
263 Views
Post# 25555624

Expect a wave of institutional buying this afternoon.

Expect a wave of institutional buying this afternoon.This will an area of short term resistence mainly due to moving averages and the fact we are trading above the upper bollinger bandline.  The 200 day is at 1.26 and still pointing downward so I expect a few weeks of consolidation in this trading range.  Then again I've been wrong before.  Cheers
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