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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (43501)	6/18/2018 8:54:01 PM
From: Goose94	Read Replies (1) \| Respond to of 203665

Bellatrix Exploration (BXE-T) top pick from Josef Schachter on BNN.ca Market Call Monday June 18th @ 1200ET Bellatrix exceeded our forecast for cash flow in Q1/18 as it realized a hedge gain of seven cents on the quarter. Cash flow came in at 30 cents versus 17 cents last year and our forecast of 24 cents. Production rose 6 per cent to 36,740 barrels of oil equivalent per day (boe/d) in Q1/18, but is forecast by the company to average 34,000 to 35,500 boe/d as they drill less wells throughout the year. The stock is trading significantly below book value of $13.47 per share and a net asset value of $13.68 per share. This is a very cheap stock and is on our Action Alert BUY list. We’re also investors in the stock. Buy Bellatrix on weakness. Our bull market target into 2023 is $20.