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

GREY:BXEFF - Post by User

Bellatrix Exploration Ltd (Canada)

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Comment by Steelhead15on Dec 23, 2014 9:07am

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Post# 23258922

RE:Very prudent move on BXE's part...........

Darb, a good point. If this is a person's best investment then we can hope BXE can withstand the clean out of the weak companies which will happen if oil and gas stay at these levels. Instead of a growth situation O&G companies are now stuck in situation requiring endurance. this is why I now like the gas plant; it brings in money from an alternate source.

However, I have looked at taxes and seen I can use a write off. I've sold my BXE for a huge loss and reinvested in two Permian producers which are well hedged and can produce oil at $50/bbl. About 6 years ago I'd never have thought I'd say this - the Cardium now looks like a smallish reserve off most people's radar. The Permian, Eagle Ford and Bakken are attracting any money looking for quicker and more stable profits. The XLE is not a big issue. The Permian and Eagle Ford get higher prices/bbl.

I don't feel good about investing in Nat Gas. I like growth and Nat Gas is in a very long basing position IMO.

Good luck to all. I've enjoyed the opinions and knowledge found here.

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