Michael Fitzsimmons
Oil & gas, dividend investing, research analyst

Bellatrix Exploration: Buy The Dip

Bellatrix Exploration (NYSE:BXE) is a small-cap independent energy producer focused on exploiting the light-oil and liquids-rich natural gas resources of the Cardium play in Western Canada. BXE has been growing production and cash flow per share like gangbusters. The company owns nearly 425,000 acres in the deep basin of West Central Alberta. With a 40-year inventory of low-risk development locations, and a 100% drilling success rate in 2013, the company sells at a significant discount to its resource base. A recent share issuance re-pricing caused the stock to drop ~5% yesterday. Buy the dip!

Grow, Grow, Grow

At a LNG investment conference last October, Bellatrix President and CEO Raymond Smith presented some historical performance metrics since he tookover...

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