Bellatrix Exploration Ltd (Canada) BXEFF

Great Assets , Book Value ?

[maldwyn]

My understanding is that this company has great assets it could sell if it neeeded to service its debt and that its BV is around $13 and that it gets a decent price for a good portion of its Nat Gas. So why is the market telling us its going broke ? I think it has the ugliest stock chart I have ever seen. What gives ?

[HARJAY]

There are some very familiar names and some not so familiar names on the list. The performance of some is in the same range as BXE 's and some  are better and much better. The question is , does BXE deserve such a performance as of Dec 24 or has it been a tad oversold ,  has the mkt. overdone itself and caused it to be oversold or has it been under a short attack that caused it to be

[oakesy]

This company is a serial diluter of investors equity and is getting the punishment it deserves . Until managment finally if ever gets that message it will always be a dog. Bow wow . 20c .

[RichyRich$]

Oakesy... did you see the U.S. symbol traded on Boxing Day. 8.0% Pop bbyyatch! That's what she deserves! And more to come! Keep in mind BXE is already at $.13 before the 5 to 1 split last year. No where for it to go but up!

[Eagle1]

RichyRich$, I empathize with your sentiments except that if you check the comments during the past year the "nowhere for it to go but up" prognosis has bee restated a dozen times, from a much higher level. I'm not being critical, just sorry for myself, as I have occasionally added in anticipation, on the way down. Right now am not sure of anything with this one. Down to 10 cents

[RichyRich$]

The Book Value is $12.00.

[ngtraderng]

Every time they dilute, book value per share drops. They are diluting like crazy to pay off small amounts of debts.