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

Bellatrix Exploration Ltd. (BXE.TO)

0.38

-0.00 (0.00%)

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

66 watching

BUY

A resource play with a little more diversity with 70% gas, 20% heavy oil and 10% light oil. Growing its production substantially. Clean balance sheet.

DON'T BUY

Expecting a moderation in energy prices, so either have a long term view or be very careful in the short term. Small caps have been trading at trust-like valuations. Have been bid up too high. Feels seniors are better value.

BUY

Strong production growth. Good balance sheet. Growing very quickly.

PAST TOP PICK

(A Top Pick Mar 23/05. Down 6%.) If it backed off any more it would be a table pounding buy. They will be doing 12,000 + BOE's by the end of the year and doing north of $1 in cash flow. Loves the story.

BUY

It has really only 2 core areas which has always concerned him. Have been expanding and long term looks like it could end up being an income trust. A conservative way to play a senior junior.

BUY

Thinks they will do 12,000 + BOE's a day and annualizing cash flow of over $1.

BUY

Like a lot of the juniors, it got really whacked. Good company. He likes it. Has a lot of gas. An excellent find/development costs. Once they get their production up to around 10,000 BOE's, a perfect candidate for an income trust. They've got reasonably long lived resources. Reasonably priced.

HOLD

Price is quite reasonable. They have lots of momentum. Have added to their asset base. Will probably become a trust.

BUY

Bought out Meridian and now doing over 9,000 BOE's a day and sees them exiting over 12,000. Very good growth rate. Because they have good growth, hopes that they don't go the trust route.

BUY

12 months, out this stock will be a lot higher, but there will be choppiness in the short term.

PAST TOP PICK

(Was a Top Pick Dec 7/04. Up 20%.) Did a merger with Meridian Energy which made people think they were going to trust. This is why the valuation kicked up through $5. At this level, the stock is attractive. Could be a 10,000 barrels a day company in a year. 70% of their production is natural gas, which they like.

BUY

Good company. The merger with Meridian looks good. A pre-trust acquisition so thinks it will trust within the year. Well managed. At these levels a good one year hold.

TOP PICK

In his 3 Top Picks, he is recommending that buyers take advantage during weakness in the next 2/3 months. Under $4 it is a fabulous BUY. With acquisition of Meridian Energy (MDE-X) it is now quite a lot larger platform. Now 9200 BOE's a day and thinks they will exit the year with 12,000.

BUY

A small cap name, so has a lot of volatility. On a forward looking cash flow multiple, it's in the 6.3 X range versus it's peers at 8.4. Production is coming on very, very strong. Has been caught in a sell-off, but investors could safely enter here and do fairly well in 6/12 months.

BUY

Has performed really well. Has been able to grow their production per share. Has room to grow.

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Bellatrix Exploration Ltd. (BXE.TO)