Bellatrix Exploration Ltd. (BXE.TO) Buy, Sell…

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Daily Stock Opinions and Ratings

Bellatrix Exploration Ltd. (BXE.TO)

0.38

-0.00 (0.00%)

as of Nov 8, 2019, 9:00:00 pm Market Open.

66 watching

COMMENT

Pure natural gas. Not as optimistic as it depends on the vagaries of the weather.

DON'T BUY

Pay out a fair amount of their cash flow, which hasn’t been terribly strong. Cut their distributions.

SELL

Oil/gas income trusts in Canada are going to have a really tough time. The government’s proposed changes will make their lives very difficult. Distributions are not sustainable. The game is over for them.

SHORT

If you own sell. If you want a short position, this would be one.

SELL

Has a very high payout relative to their cash distribution. Managed that to some extent by having an extensive DRIP program where investors take units as opposed to cash. This dilutes the overall unitholder base. Trades just under 19% yield.

DON'T BUY

Pays almost 23% distribution, which is a red flag. Very gas weighted, Higher risk/higher reward.

DON'T BUY

Not one of his favourites. Hasn't performed well. Missed production targets. Might buy back in given the opportunity.

BUY

Prefers the energy trusts right now compared to the actual energy stocks. It may be bottoming out, but there's nothing convincing on the chart to confirm that. If the price didn't grow but his distributions continued, he would be happy.

DON'T BUY

Despite having a payout ratio in excess of 100%, they have been quite resilient in not cutting distributions. Now that they have their acquisition of the way, he would expect they should do a cut. This is his least favourite oil/gas trust. Has serious issues.

DON'T BUY

Long-term church shows a trading pattern that broke down early this year. You don't want to be in stocks that do this.

TOP PICK

Top Short Good management team and have some quality assets. Natural gas declined dramatically and a lot of companies tweaked their capital structures and distribution rates to reflect a much higher gas price. Has been caught off guard. They are also in an acquisition using their shares.

HOLD

Yields 18.4% and has a real high payout ratio. The word on the street, for some time, that they are going to have to cut distributions. If you want to be speculative, you could continue holding it, but wouldn't buy it.

SELL

This is a name that would appeal to people who have a lot of confidence that gas prices will shoot up. 16/17% yield. Would sell this and move into something like Ketch (KER.UN-T)

SELL

Was short this stock, covered the short and it has since rallied. There is another leg down. Have had some operational problems and there is a chance of gas weakening again. You may be able to get it at $14.

DON'T BUY

Has a high debt level and was nearing some of its covenants. A gassy trust. Reserve life index is around 10 years. Feels they are spending too much money on exploration. Feels they are spending too much money on exploration.

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Bellatrix Exploration Ltd. (BXE.TO)