Bellatrix Exploration Ltd. | StockChase
229
Bellatrix Exploration Ltd. (BXE-T)

Last Price Recorded: $2.7300 on 2017-11-17

ON STOCKCHASE SINCE Sep 2003

oil/gas

Bellatrix Exploration Ltd.


Signal Opinion Expert

2017-11-09

TOP PICK
Bellatrix Exploration Ltd. (BXE-T)

They put out results this morning.  They do 25% liquids.  They are trading significantly below book value.  This is a great story.  It would be tremendous to get it at the $3 level.  (Analysts’ target: $4.10).

oil/gas
Josef Schachter

President, Schachter Asset Management

Price: $3.250
Owned: No

2017-09-18

WATCH
Bellatrix Exploration Ltd. (BXE-T)

He likes it.  It is cheap compared to book value.  Oil and Nat Gas.  It is so cheap right now and is very attractive.  The balance sheet is attractive since they knocked debt off it.  He thinks it will be a buy during the tax loss selling time.

oil/gas
Josef Schachter

President, Schachter Asset Management

Price: $3.410
Owned: Unknown

2017-09-15

DON'T BUY
Bellatrix Exploration Ltd. (BXE-T)

The list of investables in Canada is not a super long one. Their use of financial leverage taints the name for very, very long time. If you are bullish on gas, he could list off 5 names that you would want to buy ahead of this. Not a name he would own.

oil/gas
Eric Nuttall

Portfolio Manager, Sprott Assett Management

Price: $3.450
Owned: No

2017-07-28

TOP PICK
Bellatrix Exploration Ltd. (BXE-T)

The majority of this company’s shares are all in the US and Europe. They are doing production Q1 with 34,750 BOE’s and reporting the results next week. They are really focused for natural gas at the Spirit River. This could potentially be a double-digit stock by 2018, so if you can buy it a little lower than where it is today, it is a table pounding Buy. (Analysts’ price target is $6.25.)

oil/gas
Josef Schachter

President, Schachter Asset Management

Price: $3.170
Owned: No

2017-05-02

TOP PICK
Bellatrix Exploration Ltd. (BXE-T)

A down and dirty natural gas name in the deep basin in Alberta. Quite good assets with an extremely cheap valuation. People have been worried about previous debt issues, and he thinks those are misguided, if they remain. Any debt is well covered by cash flow. New management which is very focused on shareholder returns. (Analysts’ price target is $1.25.)

oil/gas
Daniel Lloyd

Founder & Portfolio Manager, Sui Generis Investment Partners

Price: $1.000
Owned: Yes

2017-04-07

HOLD
Bellatrix Exploration Ltd. (BXE-T)

This had its glory days in 2014 when it was $11.65. It is getting very, very cheap. The street is unhappy because of the debt load, but they have resolved that. There was concern about production and they are in the process of resolving that. He is beginning to think that this is attractive and has it on his watch list. BV is $3.50, so it is one of the biggest discount to BV out there. The balance sheet has been improved. They paid off their bank debt by asset sales. The debt load is now $360 million against $860 million of equity. His NAV calculation is $2.40, which is very good. Producing about 24% liquids and 76% natural gas. Production in the 4th quarter was 32,000 BOE’s a day, down from 40,700 from the year before. What he doesn’t like is that for a company that is that high in natural gas, production expenses are $10.57 BOE in the 4th quarter, and should be in the $6-$7 range.

oil/gas
Josef Schachter

President, Schachter Asset Management

Price: $1.050
Owned: Unknown

2017-03-28

SELL
Bellatrix Exploration Ltd. (BXE-T)

In the past it had some good attributes.  Then their decline rates got way too high.  They spent a lot of money on infrastructure and now are forced to sell some of it because debt has gotten too high.  There are so many other names you can buy.

oil/gas
Swanzy Quarshie

Portfolio Manager, Sentry Investments

Price: $1.030
Owned: No

2017-02-07

SPECULATIVE BUY
Bellatrix Exploration Ltd. (BXE-T)

High risk, high reward is often overused as an expression, but in this case it really applies. The company could go under, but it also has a chance to become a 10 bagger. They’ve dealt with a lot of their debt, so financially they are in better shape. Has a pretty good capital budget going forward and still have some good properties, but they sold a lot of good properties. In danger of losing the New York listing, but just got it approved for it to continue for another 6 months. It is under $1 on the NYSE now, and it wouldn’t surprise him to see a stock consolidation. Those usually really hurt stock prices. A reasonable speculation.

oil/gas
Benj Gallander

President, Contra the Heard Investment Letter

Price: $1.030
Owned: Yes

2016-09-22

COMMENT
Bellatrix Exploration Ltd. (BXE-T)

They just sold some assets for around $45 million. They needed money in the kitty for sure. The company is in a certain amount of danger. Thinks there is a possibility it could go bankrupt. If they sell a few more assets, it could actually have a huge, huge return to form. Oil/gas prices are key.

oil/gas
Benj Gallander

President, Contra the Heard Investment Letter

Price: $1.250
Owned: Yes

2016-09-16

DON'T BUY
Bellatrix Exploration Ltd. (BXE-T)

She prefers other companies. They got into some trouble on their debt side and were forced to sell some of their midstream assets, which creates rising costs on the processing side. Have been doing well lately in terms of trying to get their drilling costs down. A highly leveraged play looking for a way out. They essentially need capital.

oil/gas
Swanzy Quarshie

Portfolio Manager, Sentry Investments

Price: $1.090
Owned: No

2016-07-29

SELL
Bellatrix Exploration Ltd. (BXE-T)

Sell it and buy almost anything else.  The management team has tripped and fallen so many times.

oil/gas
Eric Nuttall

Portfolio Manager, Sprott Assett Management

Price: $1.120
Owned: Unknown

2016-07-21

DON'T BUY
Bellatrix Exploration Ltd. (BXE-T)

(Market Call Minute.) Has a debt problem and are going through a process of selling assets and facilities to try and fix the problem.

oil/gas
Mason Granger

Portfolio Manager, Sentry Investments

Price: $1.200
Owned: Unknown

2016-02-10

SELL
Bellatrix Exploration Ltd. (BXE-T)

(Market Call Minute.) They are ramping up debt with the decline in their production profile. Not a good combination.

oil/gas
Swanzy Quarshie

Portfolio Manager, Sentry Investments

Price: $1.370
Owned: No

2015-10-22

SELL
Bellatrix Exploration Ltd. (BXE-T)

He would sell and take a tax loss. Either Buy another stock that is undervalued or outsource the money to somebody to manage it for you in the energy space. This name has been a total disaster. Leverage is very high. They have a history of overpromising and under delivering.

oil/gas
Eric Nuttall

Portfolio Manager, Sprott Assett Management

Price: $2.220
Owned: No

2015-07-30

DON'T BUY
Bellatrix Exploration Ltd. (BXE-T)

It is not at risk of filing for creditor protection.  They have too much debt, however.  There is no reason to own this stock.

oil/gas
Robert Lauzon

Deputy Chief Investment Officer, Middlefield Capital Corporation

Price: $2.680
Owned: No

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