Bellatrix Exploration Ltd (Canada) BXEFF

Morgan Stanley and Pieridae Energy (The plot thickens)

[Just1Question]

Morgan Stanley in this press release is linked to Pieridae Engergy and it's Goldboro LNG Project in Eastern Canada.

Goldboro LNG is somewhat akin to LNG Canada's forgotten stepbrother.  He's only about a quarter the size of his big brother, but still BIG if a final investment decision were made for his new home.

What if Morgan Stanley's sudden interest in purchasing large lots (450,000 shares that I'm aware of so far) of Bellatrix Exploration Ltd has something to do with LNG Canada's forgotten stepbrother who aparently is VERY close to anouncing his FID in Eastern Canada.  If that is the case they may be buying a chunk of Bellatrix towards the goal of a merger with a large southern Albertan gas producer

Now my guess here is that all these pieces point to Bellatrix being the target of the merger talks. 

This is my investment thesis - just putting the pieces together in my head and my reasoning for buying into BXE.  I'm  also convinced that LNG Canada will also go ahead.

My opinion only

Cheers.