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

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Bellatrix Exploration Ltd (Canada) > CEU has 1.0 P/B $75M CF and $490M Debt!

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Comment by Straiteon Mar 30, 2019 11:38pm

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Post# 29559913

RE:CEU has 1.0 P/B $75M CF and $490M Debt!

CEU is not a comparable. They are not a natural gas and liquids producer in canada. Comparables could include PONY CR AAV TOU PEY ARX BIR BNP to name a few. I think the value of all BXE's equity would now be somewhere between CR and AAV. If 100% of equity is worth 200m, then 16.5% would imply a 33m market cap, which is close to the current market cap. Now, is BXE's equity worth more or less than 200m?

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