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Bullboard - Stock Discussion Forum 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... see more

GREY:BXEFF - Post Discussion

Bellatrix Exploration Ltd (Canada) > BXE upgraded by National Bank - PT 1.75
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Post by Tweedlede on Jul 24, 2018 10:36am

BXE upgraded by National Bank - PT 1.75

National Bank upgraded BXE from sector underperform-->sector perform with a PT of 2.75. The first upgrade on BXE I've seen a long time!
Comment by Tweedlede on Jul 24, 2018 10:39am
Just wanted to clarify, the PT is 1.75, as I miss-typed that in my previous post body.
Comment by Snowhouse on Jul 24, 2018 11:11am
I liked your typing error BTW. ;) I hope some big fund makes the same typing error while punching a million dollar BXE order.. lol GL.
Comment by Compromise on Jul 24, 2018 11:57am
This seems significant.  Every analyst appeared to have written BXE off up until now.  They must have had a good meeting with management recently.  When, IF, the tide turns on BXE it will feel like a tsunami.
Comment by backforty on Jul 24, 2018 4:24pm
National Bank is also the lead banker on the BXE banking syndicate.  The banking side is supposed to be quite independent from the research analyst side but is it really.  
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