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Bellatrix Exploration Ltd (Canada) BXEFF

Energy
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

Bellatrix Exploration Ltd (Canada)
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Comment by defuncton Mar 09, 2011 12:14pm
217 Views
Post# 18258687

RE: RE: RE: maybe this is it!!

RE: RE: RE: maybe this is it!!Ask yourself, what has changed?

Oil at $104 dollars instead of $86   A good thing in my mind and is probably temperary as it looks like Ghadafi is going to retain control of the country. so enjoy the high oil prices while they last.
Canadian oil has got to be looking pretty good to the US and rest of the world (China) right about now. 
There is no reason to believe the numbers out of the company tomorrow will be anything but good. 
Big oil companies are flush with cash so a buyout still seems a huge possiiblity.
Still have the large tax pools
Still have some of the best drill results in the cardium.

There might be a nice buying opportunity coming if and when oil goes back to $85 a barrel.






 
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