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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

Post by canoe2000on Apr 16, 2013 8:40am
250 Views
Post# 21258068

NG price to triple over the next 5 years?

NG price to triple over the next 5 years?

That was one report, but I doubt it.  I think a double is likley though, to get drilling back.  That will produce a big boost for BXE. 

NG liquids are in a sellers market in Alberta as a diluent for heavy oil to be piped south.

Sources of new NG demand: Oil sands in situ extraction, export to Asia, USA eliminating small coal fired power plants (tea kettles, normally on standby) in favour of NG generation to match the needs of highly variable wind, and to reduce emissions.  Finally, eventually, long haul trucking.

BXE is going to grow production and profits for a long time to come imo.

 

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