GREY:BXEFF - Post by User
Post by
uwinsomeon Apr 28, 2014 11:03pm
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Post# 22500786
Up 30 % from the beginning of March...
Up 30 % from the beginning of March...The SP of BXE consolidated near the $8 mark for 6 months - September to February. It started to take off at the beginning of March and is up 30% from then. There's some healthy profit taking place. But barring some geopolitical event or a big market sell off, BXE is going to start to climb again as we get nearer to their earnings report coming mid May.
Even at its new 52 week high of $10.60, it's still cheap with plenty of growth coming. It sure doesn't look like Nat Gas is heading back to the lows of the last 2 years. Combine that with increasing revenues coming from highly profitable liquids and light oil, cash flow is going to rise fast. There's also huge potential for additional JVs. My bet is that management is currently penciling something for their recently expanded footprint in the Duvernay as we speak.