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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 canneon Mar 09, 2018 3:17pm
390 Views
Post# 27693676

reality

realityI bought some shares of this outfit when it was trading at $8.50. Since then the price dropped and the management consolidated the shares 1 for 4. In total, I lost 96% of my investment. Now, the price of NG is low, confidence in management is low, debt is still high and everyone thinks fossil fuels are in the past. It's a poor time to be in the oil and gas sector in Canada.
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