GREY:BXEFF - Post by User
Comment by
kavern23on Mar 19, 2019 2:23am
280 Views
Post# 29504312
RE:Great news
RE:Great news Click on this link and go to the bottom:
https://www.gasalberta.com/gas-market/market-prices
Do you see how AECO prices in April are 1.38 in April, lol down to 1.03 gigajoule in June....who in the heck is going to buy any of Bellatrix's assets at good prices when for the foreseeable future...prices are BRUTAL.
Some of you posters need to think alittle more.
An earlier poster nailed it...the only reason Bellatrix is even over 50 cents is because instutions are not in it..just the retail crowd.
Low cost NG producers are struggling...and Bellatrix doesn't have low costs.
Bellatrix is not 100% hedged...they are going to be selling NG at a loss this summer on the unhedged portions.
The Alberta NG market needs producers to do a curtailment to prop up prices or ONLY THE STRONGEST companies will survive.
With the debt level...Bellatrix is not a strong company.
How the heck to any of you feel comfortable with 1.03 June Natural gas prices. Beyond brutal prices.