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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

Comment by samsungjd43xlon Dec 01, 2014 11:03am
427 Views
Post# 23180754

RE:RE:RE:RE:$53,600

RE:RE:RE:RE:$53,600Yankesss, you maybe right. But it won't be at the $7 level that his been mentioned. Maybe the short term looks bleak, but everybody knows that putting together great assets and production of 50,000 is not an easy task.

If somebody wants BXE, they're still going to have to pay a fair price. North of $10 at least.

BXE is acquiring not disposing of assets. If they were in the position to have to sell, then why would they prodeed with an acquisition? They have years of JV funds to use. They can trim capex like the did todayband still msintain a healthy growth rate. Their debt is a little higher now but not a concern yet. So why would they sell?
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