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) > TD Lowers Target price to .40

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Comment by zebra2on Apr 01, 2019 11:07am

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Post# 29563702

RE:RE:TD Lowers Target price to .40

On thursday Mar 28 , the market cap of this company was approx $44 million ( ie .53 per share at 80 million shares) . Assuming the proposed deal goes thru, today the market is valuing the company at $147 milllion ( .30 per share at 490 million shares) ...And TD is valuing it at $196 million . Judge for yourself whether the current share price is over valued or not, given current gas prices. ( ie how can the market cap jump 3 times in value on the basis of $12 milllion annual interest saving..)

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