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Bellatrix Exploration Ltd (Canada) BXEFF

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

Post by RichyRich$on Jul 25, 2019 6:46pm
101 Views
Post# 29961551

Book Value is $16.50/share. New Average PT is $2.30

Book Value is $16.50/share. New Average PT is $2.30New PT Consensus after updates by 6 Analysts is $2.30. Still huge upside. Book Value is $16.50/share. Check TMXmoney. Shows 0.043 P/B. It's an accurate website from the TSX Exchange. Can't go wrong with such an attractive Price to Book! Bankruptcy Fears are gone. Debt extension not due until 2023. There would be no need to do a reverse split now. This will ride over a dollar naturally and they are not listed on the NYSE anymore. They did the reverse split in 2017 to try and stay on the NYSE and 2018 was for the reconsolidation. That's all done with. It's a safe hold from here with $110 Million Less Debt, lower expenses, and higher Operating Cash Flow. Notice the Ask price at close is $.80. This will pop back to $.80 quickly with the low volume. The whole S&P/TSX Canadian Energy Sector is now at 2002 index price. Longterm trend reversal is near and money will pile into BXE as well. Transmountain and LNG Pipeline completion by 2022 will drive hype back into the sector. This guys... is rock bottom. The news of the reconsolidation is already 4 months old. Fear Blood Bath selling is gone. Only up form here.
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