GREY:BXEFF - Post by User
Post by
woodman4on May 02, 2017 10:15pm
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Post# 26195997
BNN top pick today
BNN top pick todayBellatrix is a small natural gas focused turnaround story that is yet to be embraced or truly understood by the street. We believe that the new management team is acutely focused on generating returns for the company’s shareholders and the balance sheet stresses of previous years have been alleviated. The assets in Alberta’s deep basin are high quality and we have come to embrace what we believe is a secular long term natural gas bull case on the back of underinvestment from E&P’s and increasing demand from a number of directions including power generation within the United States and LNG exports from the U.S. Perhaps owing to its tumultuous past, BXE shares trade at a steep discount to the value of its proven reserves, a rarity in any energy market