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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (43224)	5/2/2018 7:19:44 AM
From: Goose94	Read Replies (1) of 203541

Bellatrix Exploration (BXE-T) top pick from Josef Schachter on BNN.ca Market Call Tuesday May 1st @ 1200ET Bellatrix reported production of 37,077 barrels of oil equivalent per day (74 per cent natural gas) in Q4/17: Up 16 per cent from the 31,888 boe/d in Q4/16. For 2018, we see production rising to 38,000 boe/d into year-end as they run the business conservatively in the current tough environment. Book value is $15.67 per share at year-end and our conservative net asset value (NAV) is $13.68 per share at the end of 2017. Note that cash flow per share in 2017 was $1.12 per share: very cheap versus the current stock price. The stock was added to our Action Alert BUY list at $1.87 per share on Dec. 13 and we purchased our first shares on Jan. 5 at $2.10, adding more personally as the stock has been hit. Our one-year target is $7.00 per share. While this may seem crazy, the stock rose from $2.40 in Q1/09 to $23 per share one year later. That is the power of a new bull market; we see one starting for energy in the second half of 2018 which could last into 2022 or 2023.

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