Bellatrix Exploration Ltd (Canada) BXEFF

Time to load up here

[ERTguy]

My order just went through at 1.25.  Oil and gas are both bullish on today's news.  I'm betting on a big bounce come 2pm when Janet Yellen announces a rate hike.  It's already priced in and equities are needlessly selling off.

[ERTguy]

Well so much for that idea.  Looks like the USD will have its day afterall

[dinkdestroyer]

I am not buying back in yet. I expect a bit lower before a bounce attempt, but USD .10 lower from here is possible especially if markets go lower. The entire U.S. stock market looks vulnurable to a setback, could result in that coming to pass.

[1condor]

Wait for the delisting on the NYSE and the inevitable fall in the SP.

[ERTguy]

I think today was a bit overdone.  NG is near 3.60 and oil near 51.  Nothing has really changed and rate hikes only signal a stronger market going forward.  I doubt the Saudis are going to let oil fall much given their current economy situation.  

[dinkdestroyer]

Close to a bounce, but I think lower is the short term direction.

[seashore]

Couldn't resist, added antoher 8k at $1.21.

[dinkdestroyer]

This little bounce should stall out in the next day or so, after which, lower than today's range should be in the cards. Nothing wrong with BXE longer term, probably not even worth selling at this point. We are in for a warm up in the last decade of this month, so could be some more selling pressure coming next week.

[righand2]

You missed your chance to buy in cheap. Oil and BXE are both going up from here.

[NESSRookie1]

This post has been removed in accordance with Community Policy

[dinkdestroyer]

Bought at US$.81, sold $1.02. Can't see why I am behind yet.

[dinkdestroyer]

Cheaper is coming, perhaps more than you bargained for.

[RHertig]

It was over a $1 US for several days. If they can keep it there for a little while longer the delisting will be off the table.