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Stock Market & Financial Investment News

News Breaks
July 3, 2014
08:04 EDTBXEBellatrix Exploration announced Ferrier Area Gas Plants returns to full capacity
Bellatrix Exploration announced that the Ferrier Area Gas Plants, that had been shut in for scheduled and unscheduled plant turnarounds in the first half of 2014 resulting in significant production restrictions, have returned to full capacity as of June 30. Bellatrix's daily production is estimated to have averaged 36,600 boe/d in the second quarter due to these restrictions. With removal of these restrictions production is currently estimated to be 40,000 boe/d. In addition the company has 4,000 boe/d behind pipe that is expected to come on-stream in July. Based on the timing of proposed expenditures, normal production declines, and execution of the revised $500M 2014 capital budget the company reaffirms its unchanged 2014 average daily production guidance of approximately to +/- 41,000 boe/d and an exit rate guidance of approximately +/- 48,000 boe/d.
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August 19, 2014
10:28 EDTBXEHigh option volume stocks
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09:14 EDTBXEOrange Capital to engage Bellatrix with recommendations on strategic alternative
Orange Capital intends to engage Bellatrix Exploration in discussions regarding opportunities to maximize shareholder value. Orange Capital intends to discuss Bellatrix hiring an independent financial advisor tasked to provide the board with recommendations on strategic alternatives, capital allocation and improved investor communications; the size and composition of the board; steps to raise the Bellatrix's valuation to be in line with its intrinsic value, which current valuation is well below the Issuer's intermediate sized company peers in the Canadian exploration and production sector; refraining from future dilutive equity issuances and outlining a clear use of proceeds for all newly raised capital; and exploring alternatives to highlight the value of the Issuer's infrastructure assets, including but not limited to improving disclosure on the cost and fair market value of the Issuer's midstream infrastructure and/or exploring a possible joint venture, initial public offering or sale of the Issuer's midstream assets. Orange Capital intends to discuss such matters identified above not only with Bellatrix management and the board, but also with other shareholders of the Issuer and third parties and may take other steps to bring about changes to increase shareholder value.
August 7, 2014
08:17 EDTBXEBellatrix Exploration appoints Brent Eshleman as COO effective September 1
Eshleman joined Bellatrix in July 2012 as its Executive Vice President. Effective September 1, Bellatrix also announces the retirement of Ving Woo, Bellatrix's current Vice President, Engineering and Chief Operating Officer.
August 6, 2014
05:50 EDTBXEBellatrix Exploration reports Q2 EPS $0.21 vs. C$0.13 last year
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