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Bullboard - Stock Discussion Forum 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... see more

GREY:BXEFF - Post Discussion

Bellatrix Exploration Ltd (Canada) > 13 X Gain to BXE 5-Year Average Market Cap
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Post by RichyRich$ on Aug 14, 2019 6:39am

13 X Gain to BXE 5-Year Average Market Cap

The Average Market Cap (Total Shares X Share Price) for BXE for the Past 5 Years was $309M. Current Market Cap $24M. That's 13 X Gain to get back to the Past 5-Year Average Market Cap! Courtesy of YCharts.com. the beauty of using average market cap as a gauge is that it factors in the past splits. Since it calculates total shares X share price. The market cap is the ultimate raw gauge of value. You can compare to the 5-Year Average and to other similar companies market caps. Other Oil n Gas with more debt have over $100M Market cap. Right now BXE has 41M total shares. Easy to calculate. But ycharts gives the historical. In August 19, 2014 BXE was $1.7 Billion Market Cap!!! Only 5 years ago! That would be 71 X Gain to get back to the peak market cap of BXE 5 years ago!!! Don't think with FEAR... think with LOGIC and facts! Time to buy up ladies. Lol Don't be pusssies. Lol
Comment by An1588er on Aug 14, 2019 7:37am
I bought more yesterday. Anyone who bought since June shouldn't sell. I suspect there has been a good amount of capitulation. I'd imagine investors who've held through recapitalization are very frustrated with the massive loss in value and are simply selling to get out and move on. I started buying into my position after recapitalization and have an average cost of $0.90. Natural gas ...more  
Comment by An1588er on Aug 14, 2019 11:54am
Having said all of that, anyone buying here still needs to have a strong stomach. This thing could go 0.40 or lower until it reaches an inflection point. Need to stay strong until Nat Gas recovers. 
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