GREY:BXEFF - Post by User
Post by
RichyRich$on Jun 19, 2019 1:57pm
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Post# 29840836
BXE $699 in 2014! Surely we Can Get to $3.00!
BXE $699 in 2014! Surely we Can Get to $3.00!Condor... the timing is right for the Sector. I do technical analysis. The S&P/TSX Energy Sector did a double bottom. 2016 and 2019 were major longterm lows. This recent pullback is rising bottoms from the longterm double bottom from 2016 and 2019. Pretty well the low we had end of 2018 is the lowest in decades. Longterm trend reversals are a 5 year process. It will be rising bottoms over 5 years. The fact Trans Mountain and LNG Canada pipelines are expected to he complete in 2022 is the catalyst. Investors look further down the road. It doesn't matter that its not complete this exact moment. And the debt extended out to 2023. Bellatrix plans to double their boe/d production in the next few years. Remember... in the quarter report they mentioned they don't have to spend money on facilities infrastructure anymore for a long time. Operating cash flow will fund exploration for more reserves. And they will pay down debt. Notice debt barely increased since 2018 Q4 to 2019 Q1 end. It only increased $5 Million. They're at a turning point to be able increase production boe/d and pay down debt from operations from here on. Each quarter report will increase from here on. Also... AECO is at rock bottom price today. The sector will bounce as AECO bounces soon. And WCS oil.