Opinions
Josef Schachter
Bellatrix Exploration Ltd.
BXE-T
TOP PICK
Jun 18, 2018
$1.340
Stock price when the opinion was issued
oil
gas
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They are more levered towards natural gas. It all comes down to being able to live with the volatility. Anything related to Montney natural gas is betting on LNG, which may not come quickly enough. He would stay away.
oil
gas
COMMENT
Debt concerns? BXE took bankruptcy protection when debt became too much. There is no equity value in it any longer. Companies that have debt that matures in 2020 or 2021 will have issues. He sees no issues with BIR or TVE on this topic. The new Federal relief program for large companies may be difficult for companies to accept as it has provisions for up to 15% of ownership being made available in warrants to the government.
oil
gas
A Nat gas play. These stocks are right in the dog house. Production is up from last year. It is 54% leveraged which is better than before and better than other companies. These things have been thrown out but people are going to be surprised by how well they do over the next 3 to 5 years. It could be a $20 stock. (Analysts’ target: $1.53).