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 yahearmeon May 09, 2012 10:44am

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Post# 19889318

RE: I think we will see more green today

Oil build. Another May washout due to instability in the Eurozone mainly. Pullback in oil 10 or so already and could settle around 90 with 80 to 85 to the downside. Some long liquidation and shorting but shorts have to cover at some point.

Its a correction and the Rally should pick up in a few weeks. We shall squeek higher down the road but may feel a bit more pain.

Time to head to the Lake.

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Corus reports Q1 profit drop in the face of falling revenue