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 Dec 26, 2012 9:29am

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Post# 20771660

RE: RE: Whats driving demand in the Duvernay....

I still stick to $15 in 2015. There will be a $6 NG handle by then, and the price for Candian oil will narrow with the world price due to more pipelines.

In 3 years, the output of BXE could well be 30,000 boes, add a $50,000 handle per flowing boe per day, and you get 1.5 billion.. divide by 100 million shares.. thus the $15 per share.

Three years for a triple. Will you be here? I will.

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