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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


GREY:BXEFF - Post by User

Bellatrix Exploration Ltd (Canada) > BXE Stock Price
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Comment by graffiti99on Dec 17, 2018 12:12am
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Post# 29122304

RE:RE:RE:BXE Stock Price

RE:RE:RE:BXE Stock PriceI am also long, with a recent position just opened. I’m scaling in and ready to buy more, however this is truly scary...many analysts have mentioned bankruptcy as a possibility. But this doesn’t make sense to me. They have too much equity. Can someone explain? They could sell assets and work an angle couldn’t they? But that’s only IF they needed to. I don’t think it has come to that. If gas prices tick up, they scale up juicy spirit river wells and all of the sudden the price goes back to book value. Seems to me to be a once in a lifetime buying opportunity. 

Another poster was mentioning no insider buyers. This is a cause for concern. Is it possible they are in talks to be acquired and the insiders are not allowed?
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