Summary US natural gas prices are very strong in the short term (until March 2019), bringing the average 2019 price up to $3.25 USD. AECO prices remain weak at $1.36 CAD ($1.03 USD) for 2019 strip prices. Bellatrix is expected to send around 50% of its 2019 natural gas production to the US, so its realized price for natural gas should improve. Edmonton Condensate prices may be around $45 USD in 2019 based on strip, which would have a significant negative impact on Bellatrix if it holds. Overall commodity prices are still well below what Bellatrix needs. Looking for a community to discuss ideas with? Distressed Value Investing features a chat room of like-minded investors sharing investing ideas and strategies. Start your free trial today » Near-term US natural gas prices have soared recently, with Henry Hub spot natural gas prices reaching over $4.50 USD. However, the challenge for Bellatrix Exploration ( BXE ) is that elevated US natural gas prices aren’t expected to last past March 2019, while Canadian natural gas prices remain weak after a brief resurgence earlier this month. Overall, the outlook for Bellatrix’s realized natural gas price in 2019 appears to have improved a bit […]
