Bellatrix Exploration Ltd (Canada) BXEFF

RE:Technical Standpoint : Volatility is expected right now.

[Steelhead15]

Petorr, good idea to limit losses. However no matter how hard I've studied and watched the charts, I still make as many mistakes as good decisions. A huge commodities and stock trader, now retired, said the small cap stocks are too driven by growth news to be able to depend on charts like most do on large cap stocks. He said do your DD and stick to that ongoing story. Get out when growth stops being a positive factor.

I lost a pit on POE.V. Good management, but poor drilling. They couldn't hit a big one to confirm good property. BXE doesn't have that problem at all.

I've been reading a bit on the Permian Basin in TX. That play could change the price of WTIC in the US and CAN. They are throwing out numbers of RO which puts it as the second biggest O&G field of the last few decades. I'm not sure if PXD is right but the numbers put it at least 10X the size of the Bakken. They knew the shale was there just like the Cardium fields. We now have the hitech to get it.