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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 canoe2000on Jul 03, 2012 4:35pm
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Post# 20078907

Hard to believe just a few days ago the price was

Hard to believe just a few days ago the price was

I picked up an extra 50,000 or so around that price.  Happy to do so.   If management will not take a cheap buyout of $6, and wants to shoot much higher, well, I can wait.  I expect $9 by 2015(2 1/2 years), but I would like to wait until 2020, which is a mere 6 years away.  Anyone want to hazard a guess as to production and cash flow then?  How about 40K BOEs per day?  If we get a valuation of 60K per flowing BOE, then we will have 2.4 billion in market cap, or around $20.  How about $20 in 2020?  Works for me!   I like the prospect of getting a 100%(simple, not compounded) on my investment each year for 6 years.  That does wonders for my RRSP.   Patience pays!

Bullboard Posts
Dealroom for high-potential pre-IPO opportunities