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Bellatrix Exploration

DB:2BX2
Snowflake Description

Imperfect balance sheet and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
2BX2
DB
CA$16M
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

Bellatrix Exploration Ltd., an oil and gas company, engages in the acquisition, exploration, development, and production of oil and natural gas reserves in west central Alberta, British Columbia, and Saskatchewan in Canada. The last earnings update was 96 days ago. More info.


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  • Bellatrix Exploration has significant price volatility in the past 3 months.
2BX2 Share Price and Events
7 Day Returns
0%
DB:2BX2
4.3%
DE Oil and Gas
2.2%
DE Market
1 Year Returns
-97.3%
DB:2BX2
52.8%
DE Oil and Gas
8.2%
DE Market
2BX2 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Bellatrix Exploration (2BX2) 0% 0% -32.2% -97.3% -99.4% -99.9%
DE Oil and Gas 4.3% 8.2% 26.6% 52.8% 34.6% 135.3%
DE Market 2.2% 6% 12.4% 8.2% 14.9% 24%
1 Year Return vs Industry and Market
  • 2BX2 underperformed the Oil and Gas industry which returned 52.8% over the past year.
  • 2BX2 underperformed the Market in Germany which returned 8.2% over the past year.
Price Volatility
2BX2
Industry
5yr Volatility vs Market

Value

 Is Bellatrix Exploration undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Bellatrix Exploration. This is due to cash flow or dividend data being unavailable. The share price is €0.248.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Bellatrix Exploration's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Bellatrix Exploration's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:2BX2 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in CAD CA$-13.08
TSX:BXE Share Price ** TSX (2019-10-23) in CAD CA$0.38
Europe Oil and Gas Industry PE Ratio Median Figure of 98 Publicly-Listed Oil and Gas Companies 10.4x
Germany Market PE Ratio Median Figure of 403 Publicly-Listed Companies 19.76x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Bellatrix Exploration.

DB:2BX2 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSX:BXE Share Price ÷ EPS (both in CAD)

= 0.38 ÷ -13.08

-0.03x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Bellatrix Exploration is loss making, we can't compare its value to the Europe Oil and Gas industry average.
  • Bellatrix Exploration is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Bellatrix Exploration's expected growth come at a high price?
Raw Data
DB:2BX2 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -0.03x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Europe Oil and Gas Industry PEG Ratio Median Figure of 60 Publicly-Listed Oil and Gas Companies 0.79x
Germany Market PEG Ratio Median Figure of 258 Publicly-Listed Companies 1.36x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Bellatrix Exploration, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Bellatrix Exploration's assets?
Raw Data
DB:2BX2 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in CAD CA$17.69
TSX:BXE Share Price * TSX (2019-10-23) in CAD CA$0.38
Germany Oil and Gas Industry PB Ratio Median Figure of 6 Publicly-Listed Oil and Gas Companies 1.12x
Germany Market PB Ratio Median Figure of 576 Publicly-Listed Companies 1.82x
DB:2BX2 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSX:BXE Share Price ÷ Book Value per Share (both in CAD)

= 0.38 ÷ 17.69

0.02x

* Primary Listing of Bellatrix Exploration.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Bellatrix Exploration is good value based on assets compared to the DE Oil and Gas industry average.
X
Value checks
We assess Bellatrix Exploration's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check)
  5. Bellatrix Exploration has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Bellatrix Exploration expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Bellatrix Exploration has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-7.1%
Expected Oil and Gas industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Bellatrix Exploration expected to grow at an attractive rate?
  • Unable to compare Bellatrix Exploration's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Bellatrix Exploration's earnings growth to the Germany market average as no estimate data is available.
  • Unable to compare Bellatrix Exploration's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:2BX2 Future Growth Rates Data Sources
Data Point Source Value (per year)
Germany Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average -7.1%
Europe Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 2.9%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.6%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:2BX2 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:2BX2 Future Estimates Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
DB:2BX2 Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2019-06-30 199 70 -114
2019-03-31 207 55 -153
2018-12-31 205 62 -146
2018-09-30 208 48 -70
2018-06-30 207 63 -83
2018-03-31 226 62 -117
2017-12-31 225 55 -91
2017-09-30 231 59 -55
2017-06-30 239 38 -47
2017-03-31 216 35 -33
2016-12-31 209 38 -27
2016-09-30 218 62 -406

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Bellatrix Exploration is high growth as no earnings estimate data is available.
  • Unable to determine if Bellatrix Exploration is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:2BX2 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Bellatrix Exploration Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:2BX2 Future Estimates Data
Date (Data in CAD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
DB:2BX2 Past Financials Data
Date (Data in CAD Millions) EPS *
2019-06-30 -13.08
2019-03-31 -22.62
2018-12-31 -29.40
2018-09-30 -15.49
2018-06-30 -19.56
2018-03-31 -28.52
2017-12-31 -22.22
2017-09-30 -13.47
2017-06-30 -11.70
2017-03-31 -8.68
2016-12-31 -7.47
2016-09-30 -121.22

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Bellatrix Exploration will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Take a look at our analysis of 2BX2’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  2. Bellatrix Exploration's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Energy companies here
  3. Bellatrix Exploration's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Bellatrix Exploration's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Bellatrix Exploration has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Bellatrix Exploration performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Bellatrix Exploration's growth in the last year to its industry (Oil and Gas).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Bellatrix Exploration does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Bellatrix Exploration's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Bellatrix Exploration's 1-year growth to the Europe Oil and Gas industry average as it is not currently profitable.
Earnings and Revenue History
Bellatrix Exploration's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Bellatrix Exploration Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:2BX2 Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 199.48 -114.05 22.33
2019-03-31 206.60 -152.55 26.09
2018-12-31 204.92 -146.34 27.89
2018-09-30 208.20 -69.60 28.76
2018-06-30 206.62 -82.85 30.05
2018-03-31 226.41 -117.31 30.05
2017-12-31 225.44 -91.36 29.91
2017-09-30 230.78 -55.23 27.93
2017-06-30 239.17 -47.01 26.91
2017-03-31 216.11 -32.97 25.52
2016-12-31 209.24 -26.67 23.70
2016-09-30 217.96 -406.38 22.55
2016-06-30 241.04 -442.94 19.95
2016-03-31 276.43 -412.17 23.96
2015-12-31 299.86 -444.21 26.95
2015-09-30 340.09 -32.75 29.66
2015-06-30 377.38 62.59 31.84
2015-03-31 422.64 125.27 28.71
2014-12-31 483.64 163.12 29.04
2014-09-30 444.23 130.49 27.88
2014-06-30 391.41 115.07 28.30
2014-03-31 328.11 92.28 24.17
2013-12-31 245.67 71.68 21.17
2013-09-30 226.42 58.73 19.74
2013-06-30 205.45 28.66 17.22
2013-03-31 182.74 23.16 18.97
2012-12-31 180.56 27.77 17.49

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Bellatrix Exploration has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Bellatrix Exploration has efficiently used its assets last year compared to the Europe Oil and Gas industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Bellatrix Exploration improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Bellatrix Exploration's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Bellatrix Exploration has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Bellatrix Exploration's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Bellatrix Exploration's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Bellatrix Exploration's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Bellatrix Exploration's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Bellatrix Exploration's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Bellatrix Exploration Company Filings, last reported 4 months ago.

DB:2BX2 Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 722.79 329.47 3.99
2019-03-31 653.61 415.86 3.62
2018-12-31 672.73 422.59 3.52
2018-09-30 739.96 403.92 6.55
2018-06-30 747.19 413.40 5.26
2018-03-31 761.23 412.35 3.52
2017-12-31 774.02 396.90 3.71
2017-09-30 786.83 351.69 7.30
2017-06-30 808.73 366.79 9.83
2017-03-31 877.50 402.20 12.39
2016-12-31 863.42 381.25 9.53
2016-09-30 829.52 473.21 7.97
2016-06-30 806.53 627.47 8.23
2016-03-31 830.66 670.41 9.61
2015-12-31 810.57 672.77 8.13
2015-09-30 1,165.59 661.74 10.49
2015-06-30 1,214.63 685.26 10.16
2015-03-31 1,237.22 622.65 8.36
2014-12-31 1,248.32 549.79 6.93
2014-09-30 1,190.26 402.66 9.02
2014-06-30 1,141.83 323.01 9.81
2014-03-31 933.67 335.12 14.50
2013-12-31 903.87 287.09 10.00
2013-09-30 439.57 186.63 5.43
2013-06-30 402.90 245.54 7.07
2013-03-31 386.75 201.93 7.09
2012-12-31 381.11 183.73 4.14
  • Bellatrix Exploration's level of debt (45.6%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (28.4% vs 45.6% today).
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Whilst loss making Bellatrix Exploration has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making Bellatrix Exploration has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -22.1% per year.
X
Financial health checks
We assess Bellatrix Exploration's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Bellatrix Exploration has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Bellatrix Exploration's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Bellatrix Exploration dividends.
If you bought €2,000 of Bellatrix Exploration shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Bellatrix Exploration's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Bellatrix Exploration's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:2BX2 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Europe Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 69 Stocks 5.6%
Germany Market Average Dividend Yield Market Cap Weighted Average of 334 Stocks 2.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:2BX2 Future Dividends Estimate Data
Date (Data in CA$) Dividend per Share (annual) Avg. No. Analysts
DB:2BX2 Past Annualized Dividends Data
Date (Data in CA$) Dividend per share (annual) Avg. Yield (%)
2011-03-10 0.000 0.000
2010-11-04 0.000 0.000
2010-08-10 0.000 0.000
2010-08-05 0.000 0.000
2010-05-10 0.000 0.000
2010-05-06 0.000 0.000
2010-03-12 0.000 0.000
2010-03-11 0.000 0.000
2009-11-10 0.000 0.000
2009-11-05 0.000 0.000
2009-08-11 0.000 0.000
2009-08-06 0.000 0.000
2009-05-11 0.000 0.000
2009-05-07 0.000 0.000
2009-01-08 0.240 0.499
2008-12-12 0.240 0.308

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Bellatrix Exploration has not reported any payouts.
  • Unable to verify if Bellatrix Exploration's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Bellatrix Exploration's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Bellatrix Exploration has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Bellatrix Exploration's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Bellatrix Exploration afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Bellatrix Exploration has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Bellatrix Exploration's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Brent Eshleman
COMPENSATION CA$846,375
AGE 54
TENURE AS CEO 2.8 years
CEO Bio

Mr. Brent Andrew Eshleman, P.Eng., has been the Chief Executive Officer and President of Bellatrix Exploration Ltd, since February 15, 2017. Mr. Eshleman served as the Interim Chief Executive Officer and Interim President of Bellatrix Exploration Ltd, from November 25, 2016 to February 15, 2017 and served as its Chief Operating Officer from 2012 to November 2016. He served as an Executive Vice President of Bellatrix Exploration Ltd, from July 16, 2012. Mr. Eshleman served as a Vice President of Exploitation and Engineering of Sinopec Daylight Energy Ltd. from December 2004 to January 2012. From October to November 2004, he served as Manager of Operations for NAV Energy Trust. From May 2000 to September 2004, he served for Calpine Canada Resources Ltd. and Encal Energy Ltd. He has been a Director of Bellatrix Exploration Ltd, since February 15, 2017. He served as Director of Engineering and Development at Calpine. From May 1998 to May 2000, he served as the Manager of Engineering at Ulster Petroleums Ltd. He served as Director of Calpine Canada from May 2000 to November 2004.

CEO Compensation
  • Brent's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Brent's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Bellatrix Exploration management team in years:

2.7
Average Tenure
54
Average Age
  • The tenure for the Bellatrix Exploration management team is about average.
Management Team

Brent Eshleman

TITLE
President
COMPENSATION
CA$846K
AGE
54
TENURE
2.8 yrs

Garrett Ulmer

TITLE
Chief Operating Officer
COMPENSATION
CA$612K
AGE
48
TENURE
2.7 yrs

Charles Kraus

TITLE
Executive VP
COMPENSATION
CA$613K
AGE
43
TENURE
5.2 yrs

Mark Stephen

TITLE
Vice President of Operations
COMPENSATION
CA$470K
AGE
58
TENURE
8.4 yrs

Shane Abel

TITLE
Executive VP & CFO
TENURE
0.2 yrs

Robert Lee

TITLE
Vice President of Marketing
AGE
57
TENURE
2.7 yrs

Scott Koyich

TITLE
Investor Relations Consultant

Troy Winsor

TITLE
Investor Relations Consultant
Board of Directors Tenure

Average tenure and age of the Bellatrix Exploration board of directors in years:

0.8
Average Tenure
54
Average Age
  • The average tenure for the Bellatrix Exploration board of directors is less than 3 years, this suggests a new board.
Board of Directors

Todd Dillabough

TITLE
Independent Chairman
TENURE
0.8 yrs

Brent Eshleman

TITLE
President
COMPENSATION
CA$846K
AGE
54
TENURE
2.8 yrs

Brian Frank

TITLE
Independent Director
TENURE
0.8 yrs

Cody Church

TITLE
Independent Director
TENURE
0.8 yrs

Keith MacDonald

TITLE
Independent Director
COMPENSATION
CA$141K
AGE
63
TENURE
12.6 yrs

Tom MacInnis

TITLE
Independent Director
COMPENSATION
CA$170K
AGE
47
TENURE
2.8 yrs

Mark Smith

TITLE
Independent Director
TENURE
0.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Bellatrix Exploration's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Bellatrix Exploration has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Bellatrix Exploration Ltd., an oil and gas company, engages in the acquisition, exploration, development, and production of oil and natural gas reserves in west central Alberta, British Columbia, and Saskatchewan in Canada. It primarily focuses on developing its two core resource plays, the Cardium and the Spirit River in Western Canada. The company was founded in 2000 and is headquartered in Calgary, Canada.

Details
Name: Bellatrix Exploration Ltd.
2BX2
Exchange: DB
Founded: 2000
CA$10,643,717
40,863,058
Website: http://www.bxe.com
Address: Bellatrix Exploration Ltd.
1920, 800 – 5th Avenue SW,
Calgary,
Alberta, T2P 3T6,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX BXE New Common Shares The Toronto Stock Exchange CA CAD 03. Jul 1996
OTCPK BXEF.F New Common Shares Pink Sheets LLC US USD 03. Jul 1996
DB 2BX2 New Common Shares Deutsche Boerse AG DE EUR 03. Jul 1996
Number of employees
Current staff
Staff numbers
146
Bellatrix Exploration employees.
Industry
Oil and Gas Exploration and Production
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/11 21:16
End of day share price update: 2019/10/23 00:00
Last estimates confirmation: 2019/03/14
Last earnings filing: 2019/08/07
Last earnings reported: 2019/06/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.