Bellatrix Exploration Ltd (Canada) BXEFF

Question to Board...

[SGGold]

I have lot half of the money I invested in this stock.
Is this thing going to zero?

I hope Schatner gets a real big black eye on his reputation for this.
We are all resposible for our own decisions, but he came out in very strong support for this stock.

IMO.

[deepblue]

His reputation was bruised years ago with picks like tyler resources and niko. Cant believe you woukd even consider his advise. Lol!!

[sonofabach]

Every investor gets picks wrong so whether your are a "professional" or a poster on here, we have all had out dumpster fires.

[Just1Question]

I DONT THINK SO - but there is still a larger reaction on the news than I would have thought considering how obvious the likelihood of delisting had become.   Land, Wells, Infrastructure including a fairly new gas plant are worth more than the current market cap.

[ngtraderng]

Does Schachter still recommend this junk on his subscription service?

[Just1Question]

I’m not a subscriber - but his twitter feed doesn’t show any sentiment change.  I’m as curious as the rest of you about what he will say regarding BXE on his next show, if anything.  As for this dummy I’m still accumulating - today at 50 cents. Cheers

[SGGold]

Well, I just sold all of it at a big loss. I bought CPG with the proceeds. I figure this is the lessor of the Losers and gives me a better chance to make my money back. We will see. IMO.

[Just1Question]

But Morningstar fair value for BXE $1.21 while it’s fair value for CPG is 5.50

[SGGold]

I don’t trust any numbers like that. And I don’t believe the calculations and assumptions behind a $12 B.V. And I think a consolidation is coming. There is something very wrong here. I should have listened to James Hodgins on BXE. He is right when he says thing is going to zero - or at least the shareholders will get wiped out one way or another.  It took me a while to come to this

[SGGold]

And as for CPG - with the dividend cut... I think it’s been de-risked and the bottom essentially put it. But who really knows. Also, Trevali looks attractive here as a vehicle to make some money back. We’ll see. IMO.

[ThomasJ0000007]

This post has been removed in accordance with Community Policy

[1condor]

Wow..what can I say..other than I am glad I got stopped out at 72 cents after buying at what seemed at the time to be a bargain at 80 cents. This is a disaster and I really do have sympathy for those caught up in the carnage. I still find it hard to believe that there are people on here even after having their heads handed to them are still believers in the company. Like really?

[ThomasJ0000007]

This post has been removed in accordance with Community Policy

[1condor]

ThomasJ0000007...actually more of a wolf. Check around at some of my holdings.