What does BXE mean in TORONTO STOCK EXCHANGE
BXE stands for Bellatrix Exploration LTD., an Alberta-based oil and gas exploration and production company. Founded in 2002, BXE is focused on acquiring, developing, and producing oil and natural gas resources in the Western Canadian Sedimentary Basin. The company currently has operations located primarily in Alberta, British Columbia, and Saskatchewan. With a strong portfolio of low-cost assets providing stable cash flow throughout the year, BXE is well positioned to create long-term value for its shareholders.
BXE meaning in Toronto Stock Exchange in Business
BXE mostly used in an acronym Toronto Stock Exchange in Category Business that means Bellatrix Exploration LTD.
Shorthand: BXE,
Full Form: Bellatrix Exploration LTD.
For more information of "Bellatrix Exploration LTD.", see the section below.
Core Services
BXE provides oil and gas exploration services in the Western Canadian Sedimentary Basin. Utilizing modern drilling technologies and experienced staff, BXE is able to maximize the potential of its properties while meeting high safety standards. Through the acquisition of mature assets with proven production potential as well as successful new explorations within existing development acreage, BXE continues to build a strong portfolio of low-cost projects that are delivering immediate returns for shareholders.
In addition to its exploration activities, BXE also provides operation services including construction of wellbores, disposal systems for produced water, pipeline installation and maintenance as well as facility management. These services have been instrumental in successfully developing several major assets over the years including Valhalla Southfield Long Lake and Northridge Brownfield Light Oil Project.
Financials
Over the last few years, BXE has consistently delivered solid financial performance backed by organic growth from its core operations as well as strategic acquisitions which have helped drive earnings growth over time. In 2017/18 fiscal year revenues increased by 19% compared to the previous year due to higher commodity prices combined with record production volumes at certain properties operated by BXE. As a result, net income came out at $110 million USD which was 11% higher than fiscal year 2016/17 results. Moving forward BXE expects to continue growing organically through expanding existing projects as well as identify strategically attractive acquisitions which can add value to their portfolio over time.
Essential Questions and Answers on Bellatrix Exploration LTD. in "BUSINESS»TSX"
What kind of business does Bellatrix Exploration LTD. conduct?
Bellatrix Exploration LTD. is an oil and gas exploration and production company focused on developing conventional oil and gas reserves in the Western Canadian Sedimentary Basin.
What markets does Bellatrix Exploration LTD. serve?
Bellatrix Exploration LTD. serves the North American markets, primarily through its operations in Alberta and Saskatchewan as well as through its presence in other provinces across Canada.
What type of oil & gas properties does Bellatrix Exploration LTD. develop?
Bellatrix Exploration LTD.'s main focus lies in developing conventional light oil and natural gas assets including Viking light oil, Cardium light oil, Shale Gas, Montney & Doig shale plays in Alberta & British Columbia and Bakken crude oil assets in Saskatchewan.
How long has Bellatrix Exploration LTD. been a part of the oil & gas industry?
Founded in 1998, Bellatrix Exploration Ltd has been a major player in the conventional Oil and Gas industry for more than 20 years with a track record of successful exploration programs and production growth over that time period.
Does Bellatrix Exploration Ltd Have Any Upcoming Projects Planned?
Yes! In 2020, we are actively working with our partners to expand our portfolio of assets by engaging with several new core projects with good development potential, while continuing to explore additional growth ideas within our existing basin areas both organically or through acquisition opportunities.
Does The Management Team At Bellatrix Have Relevant Industry Experience?
Most definitely! Our team at the executive level consists mostly of seasoned professionals who have held many key roles within the Oil & Gas industry prior to joining us at Bellatrix. With their expertise, we hope to continue to successfully grow our business into the future!
Are There Specific Areas Of Focus For Bellatrix's Business Strategy?
Yes - Our strategy focuses heavily on financially prudent risk-adjusted investments whilst also increasing asset value by optimizing production performance from mature properties and taking advantage of other profitable opportunities. In addition, we seek to maximize value creation from our proven high quality acreage positions by leveraging leading technologies such as horizontal drilling.
What Differentiates Bellatrix From Other Companies Operating Within The Oil &Gas Space?
Our lean cost structure combined with operational efficiencies allows for greater flexibility when it comes to changing market conditions or making quick decisions based on current market trends – this gives us an edge over some of our larger competitors who may not be able to move as quickly or be as agile as they would like due to their size.
Has bellatriX Invested Resources In Environmental Protection Technologies/practices?
Absolutely - We recognize that protecting our environment is paramount when it comes to responsible resource management practices so we have invested resources towards implementing modern technologies such as water reuse systems as well as effective Emergency Response measures which ensure that any potential disruptions or incidents can be handled quickly and efficiently.