Bellatrix Exploration Ltd (Canada) BXEFF

RE:RE:27 X Gain to $16.00 Book Value

[RichyRich$]

Rad10... simply compare the Price to Book with other Canadian Oil N Gas Stocks. It's all about comparison to other similar small to mid cap Oil n Gas companies. Hands down... BXE is the best value for P/B... especially for a company that is now de-risked with the debt extended to 2023. AECO will be the longterm saviour as the LNG Pipeline gets built and NG sold to Asia. Then they won't have to worry about hedging with the U.S. Also... if you take a close look... Q2 was the highest cash flow of all the recent quarters inspite of low NG. That's because it's now reflecting lower costs with lower debt and interest. They also finished infrastructure spending on their main plant. So money is now only spent on the essentials for production and debt reduction from here on. Based on this Q2 great operating cash flow during the weakest NG period... as NG stabilizes in between like Schachter says... to average $3.00 U.S. NG... Bellatrix will do $100M OCF per year. Debt is now $360M. The ratio of Debt to OCF only 3.6 X. The rule is anything under 4.0 X Debt to OCF is a fair deal. When they pay down debt to $300M... will be 3:1. That's not even including if they sell some non-essential assets down the road. Everyone totally forgets about that. High book value... lots of assets that could be sold to lower debt even more. This company is in a stable situation with lower Debt to OCF now... lower interest payments... and high book value and lots of land with future exploration value. I wouldn't be surprised if we get bought out soon... way higher. Just look at the Market Cap of $23M now. It's a joke! This is trading at market cap like a small junior exploration only company. It should be $100M + mid cap. If a buyer suits up... this puppy will be a minimum 4 Bagger.