Devon Shire
Long only, newsletter provider, oil & gas, small-cap

Bellatrix Joint Venture Points To Widespread Undervaluation Of Cardium Assets

After a fairly long search, starting in 2010 I decided I wanted get long companies that are focused on unconventional tight and shale oil resource plays.

I had known for a long time that I wanted to have a lot of exposure to the price of oil in the decades ahead, but in 2010 a "lightbulb" went off and I decided the unconventional producers were for me.

One of the unconventional producers I own in my fairly concentrated portfolio is Bellatrix Exploration (NYSE:BXE). Today Bellatrix announced news of a joint venture that shareholders welcomed:

CALGARY, June 27, 2013 /CNW/ - Bellatrix Exploration Ltd. ("Bellatrix" or the "Company") (TSX, NYSE MKT: BXE) is pleased to announce it has closed...
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