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

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Bellatrix Exploration Ltd (Canada)

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Comment by Steelhead15on Oct 24, 2013 2:01pm

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Post# 21846140

RE:RE:RE:RE:RE:Consolidation Approaching.

Petorr. I remembered what you posted on basing. It made me think. I looked at several examples in the charts. Lots of stocks in O&G are basing. The XLE is pretty strong though. Even though some are rising, many indicators show slowing momentum. There are conflicts.

The thing that got me looking was Health Care stocks starting up. Kind of a defensive play.

I feel like lightening my BXE. Yet, I feel so good about BOE estimates. I can't argue $WTIC falling and that hurts profit. However, BXE is underpriced IMO. I rode DTX.TO up from $5 to $8 and sold thinking the MC was getting too high. Then it went to $9 in a week. Sometimes I overthink things and other times I don't sell in time.

You know, if DTX is over $9, BXE should be about the same price given the BOE/D projections in a few months. Then in a year BXE should have considerably more BOE/D. Walls of Worry. That saying sure holds for me.

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