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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) > National Bank maintains Hold rating and 75 cents target
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Post by Hendrick3 on Oct 03, 2019 4:29pm

National Bank maintains Hold rating and 75 cents target

What are they smoking at National Bank? These revised ratings came out today. Are they suggesting there is enough to go around such that there is a premium? Does anyone else have that perspective? I guess that equates to about 6 cents pre split.
Comment by Chris007 on Oct 03, 2019 7:09pm
Maybe it has something to do with National Bank being the companys Investment bankers (looking back at old new releases, NA and BXE seem to have a pretty long history).  it would be highly unusual and unlikely that an investment bank would shite on long term clients and kick them while they’re down... They also are/were a part of a consortia of lenders to BXE
Comment by Equalizer on Oct 03, 2019 8:09pm
imagine going bankrupt and receiving 15 million in financing
Comment by Hendrick3 on Oct 03, 2019 9:43pm
Thanks for the insights. It’s sad that these types of investor reports are allowed when there is such a lack of independence. 
Comment by Don2018 on Oct 03, 2019 9:58pm
I used to deal with them, and IMO, their energy arm was simply in over their heads.