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Bellatrix Exploration Ltd (Canada) BXEFF

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

Comment by whatsthaton Jan 22, 2013 3:05pm
274 Views
Post# 20873624

RE: Good deal for the Koreans

RE: Good deal for the Koreans

You obviously don't know how to read a press release....this has a huge positive impact on BXE.  It will double the cash flow per share over the next 12 month.  And on a rate of return basis, the rate of return on BXE Cardium drilling will double, not 8%....this is a great deal for BXE, for the Koreans and a real positive reflection on the Western Canadian basin.  If your cup is half empty, then maybe your cup is too big. 

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