Bellatrix Exploration Ltd(BXE)- NYSE
  • Mon, Aug. 8, 3:59 PM
    • Bellatrix Exploration (BXE +1.9%) is higher despite receiving a continued listing standards notice from the NYSE after Friday's close because its average closing price was less than US$1/share for 30 consecutive trading days.
    • BXE has six months to regain compliance with the minimum share price requirement.
    • BXE shares continue to trade on the Toronto Stock Exchange, and the listing is not affected by the NYSE notification.
    | Mon, Aug. 8, 3:59 PM | 11 Comments
  • Wed, Jul. 20, 9:12 AM
    | Wed, Jul. 20, 9:12 AM | 6 Comments
  • Thu, Jun. 16, 9:04 AM
    • Bellatrix Exploration (NYSE:BXE+4% premarket after agreeing to acquire complementary producing assets from Grafton Energy that are within BXE's core Ferrier area in Alberta for an unspecified number of shares.
    • The acquired assets, originally earned by Grafton under a $250M joint venture between the two companies, produced ~2K boe/day net to Grafton during May.
    • BXE expects the acquisition to have a positive effect on its borrowing base redetermination, and says it is negotiating several other acquisition and disposition initiatives that could materially reduce indebtedness and improve the liquidity.
    | Thu, Jun. 16, 9:04 AM | 11 Comments
  • Thu, Jun. 9, 2:02 PM
    | Thu, Jun. 9, 2:02 PM | 2 Comments
  • Dec. 24, 2015, 12:31 PM
    | Dec. 24, 2015, 12:31 PM | 6 Comments
  • Mar. 9, 2015, 9:19 AM
    • Bellatrix Exploration (NYSE:BXE) +2.7% premarket after announcing its 2014 production jumped 74% Y/Y to 13.9M boe, while its proved reserves gained 30% and proven and probable reserves rose 18% due to the largest capital program in the company's history.
    • BXE says its 2P reserves were comprised of 80 M barrels of oil and natural gas liquids as well as 1T cf of natural gas, with a 32% liquids weighting on a boe basis, as of year-end 2014.
    • Says NPVBT value was relatively unchanged despite a material contraction in average near term natural gas and oil price forecasts used by independent reserve evaluators.
    | Mar. 9, 2015, 9:19 AM
  • Feb. 11, 2015, 12:45 PM
    | Feb. 11, 2015, 12:45 PM
  • Feb. 11, 2015, 9:13 AM
    | Feb. 11, 2015, 9:13 AM | 7 Comments
  • Feb. 10, 2015, 5:39 PM
    • Top gainers, as of 5:15 p.m.: CNQ +19.4%. CHS +10.1%. BXE +9.5%. ELMD +7.6%. KEG +7.4%.
    • Top losers, as of 5:15 p.m.: PIR -30.5%. GNW -16.8%. SSNI -15.0%. NOG -9.7%. IPHI -7.9%.
    | Feb. 10, 2015, 5:39 PM | 10 Comments
  • Jan. 29, 2015, 9:15 AM
    • Bellatrix Exploration (NYSE:BXE) +4.3% premarket on news it plans to cut its 2015 capital spending budget to $200M from its previously announced $300M.
    • BXE lowers its FY 2015 production guidance by 8% to 43K-44K boe/day from 47K-48K boe/day (67% natural gas weighted), but this still reflects ~14% Y/Y growth vs. estimated 2014 average daily production of 38.1K boe/day.
    • Says it has entered into a series of natural gas fixed price swap contracts that provide downside commodity protection through the summer natural gas season.
    | Jan. 29, 2015, 9:15 AM
  • Dec. 1, 2014, 2:45 PM
    • Bellatrix Exploration (BXE -1.7%) says it has acquired additional producing assets in its core Alder Flats area of Alberta for C$118M.
    • BXE says the purchase adds ~2,200 boe/day of production, with 80% in natural gas and 20% in liquids.
    • BXE also trims its 2015 capital spending view to C$400M from C$450M, citing lower commodity prices, while slightly raising its production guidance for this year and next.
    | Dec. 1, 2014, 2:45 PM
  • Nov. 7, 2014, 5:35 PM
    | Nov. 7, 2014, 5:35 PM | 3 Comments
  • Aug. 19, 2014, 10:24 AM
    • Bellatrix Exploration (BXE +7.2%) becomes the latest target for an activist investor, as Orange Capital discloses a 5.3% stake with the intention of engaging management and the board of in discussions about opportunities to maximize shareholder value.
    • The hedge fund wants BXE to hire a financial adviser to look for strategic alternatives and ask the company to look at a sale or IPO of some midstream assets such as pipelines and gas plants.
    • Orange has been a busy activist in Canada in recent months, taking on companies such as Newalta and InnVest REIT; in both instances, Orange got results in the form of new directors.
    | Aug. 19, 2014, 10:24 AM | 3 Comments
  • May 16, 2014, 5:37 PM
    | May 16, 2014, 5:37 PM | 1 Comment
  • May 16, 2014, 3:41 PM
    • 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.
    | May 16, 2014, 3:41 PM | 1 Comment
  • Dec. 18, 2013, 5:35 PM
    • Top gainers, as of 5:15 p.m.: ALIM +38.0%. PSDV +36.4%. AKS +7.6%. GST +7.3%. USU +7.1%.
    • Top losers, as of 5:15 p.m.: RMGN -13.0%. APOG -2.5%. LLY -2.3%. BXE -2.2%. AEPI -2.1%.
    | Dec. 18, 2013, 5:35 PM | 1 Comment
Company Description
Bellatrix Exploration Ltd. engages in the exploration for, and the acquisition, development and production of oil and natural gas reserves in the provinces of Alberta, British Columbia and Saskatchewan. The company was founded on November 1, 2009 and is headquartered in Calgary, Canada.
Industry: Oil & Gas Drilling & Exploration
Country: Canada