- Bellatrix Exploration (BXE -2.6%) slides after cutting its forecast for Q2 production, citing unscheduled temporary downtime in Alberta.
- BXE reduces its Q2 production guidance to ~38K boe/day and FY 2014 outlook to ~41K boe/day; cash flow forecasts for the quarter and year remain unchanged as higher commodity prices are expected to offset the restricted production.
- Says its 2014 drilling program in the Cardium and Spirit River intervals has achieved a 100% success rate, with the wells productivity meeting internal type curves.
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