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

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Bellatrix Exploration Ltd (Canada) > Where's all this buying pressure coming from?

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Comment by dinkdestroyeron Oct 13, 2016 12:54pm

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Post# 25339885

RE:RE:RE:Where's all this buying pressure coming from?

They stiil have about 60% price exposure in 2017, along with basis which is almost certainly to add quite a bit of upside. Combine that with better liquids and the picture is not that bad, but I would like to see a buyout which may be a distinct possibility since the EV is quite low in relation to the asset and production base. I would never defend this Management even thoough I just recently got into this, they would do us a service by exiting....buy out is the best way to see them gone.

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