Bellatrix Exploration Ltd (Canada) BXEFF

RE: Thoughts on call options on oil and other numb

[briefer]

Selling always makes sense to insiders that hold an abundance of cheap options. You have to remember some CEO's only want to take a company to a certain level then move on to their next pet project. Retail investors rarely get a great deal on buy outs unless they bought in at a very early stage.

 

The CEO of BXE has done a great job of bringing this company from a near death experience to a growing viable profitable company. He may feel that his mission has been accomplished & want to move onto another challange. If he does as a long term SH I thnk him & wish him well. I will also try to find out where he moved to & most likely take a position in his new venture. First & foremost buy on the strength of management & BXE's CEO has clearly demonstrated he is one of the best in the business.