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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) > Book Value $1.60/share even at 16.5%
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Post by RichyRich$ on Mar 29, 2019 9:25pm

Book Value $1.60/share even at 16.5%

When you add it the $110 Million less debt. Still 3.72 X upside. Plus when you add no more bankruptcy risk and improved cash flow from less debt. Could still be 5 X gain from $.43. Especially if the whole sector starts a 5 year bull run.
Comment by An1588er on Mar 29, 2019 9:45pm
Agree 100%. 16.5 % is better than 0.
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