GREY:BXEFF - Post by User
Post by
micromegaon Oct 17, 2012 4:10am
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Post# 20492038
EXPOSURE thru NYSE
EXPOSURE thru NYSE BXE is not cheap but what helped it rise is the increased exposure thru the NYSE listing.It was a smart choice from the management although BXE still remains very gassy (65% nat gas).
If they want to increase their oil and liquids portion, they may acquire some of the Bakken juniors that are mentioned in the latest SeekingAlpha article below
https://seekingalpha.com/article/926491-david-and-goliath-of-the-u-s-based-bakken-formation
Although it is speculative, BXE could hit a 70% oil and liquids in the drill bit if the land of these juniors above proves to be productive.