For those who still follow BXE, I consider this article to be a must read.
I think the article is generally fair. I'd personally use higher NGL prices than he does, because NGL prices usually follow oil. Also as one of the commenters pointed out, BXE has a large prospective acreage for Cardium oil. If the company either sells that acreage or announce a joint venture, that might alleviate the debt concern. I also think natural gas prices will rebound stronger than he thinks, because everyone has cut back on drilling. But in general, I agree this stock isn't for the faint of heart.
Asked: Apr 24, 2018 09:58 AM
Seen: 182 times
Last updated: Apr 27