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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

Post by salzachon Jan 09, 2015 10:43am
225 Views
Post# 23301922

No hedges

No hedgesCan't understand why Mr. Lewes agreed to a standstill agreement. Now his hands a tied for a year. The ineptitude of our managers is mindboggling. No hedges for 2015. We are not Exxon or Suncore. How can BNS and National extend and in one case increase our credit lines without any hedges. Analysts don't love us anymore. All I ever hear is that we don't own BXE currently. Not one recommendation and nothing but target cuts and down grades. 8% of our float is short. Anybody surprised? Current management is not going to get us out of our misery. Clean out the corner office. Regards
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