GREY:BXEFF - Post by User
Post by
Steelhead15on Oct 22, 2013 9:59am
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Post# 21836659
Looking Ahead
Looking AheadThe new trade accord is settling in with me. It changes the outlook IMO. I think BXE becomes a viable buyout target. In my mind, it is because of the future production, number of drilling sites, money the new JVs bring in, NGL pipes and docks and a stable country. The only negative is the current debt.
I'd assume the debt will be paid back fairly fast with the increased production. I wouldn't sell good drill sites because they are a Big Bonus for BXE. We have to keep in mind the improving frac technology.
When I add in the undervalued current price, the timeframe for interest gets more current. I see this company's PE getting better each quarter. I can see it below 20 within a year.
BXE is stable, dependable, safe and rather cheap.