An independent exploration, development and production company, which utilizes 3-D seismic imaging and other advanced technologies to systematically explore for and develop domestic onshore oil and natural gas reserves.
BATS data provided in real-time. NYSE, NASDAQ and AMEX data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates and Analyst Ratings provided by Zacks.
SEC Filings and Insider Transactions provided by Edgar Online.
Powered and implemented by Interactive Data Managed Solutions. Terms & Conditions
RSS Headlines
Fool UK
Recs
This is a frustrating company to own because management has such a small oil drilling company mentality - always overly optimisitic and thus missing projections which kills their stock. Their fundementals are great and I think they've finally learned their lesson. Also, 2006 they drilled very agressively and had pretty good results so production should be up and costs down in 2007. Much of their production is in gas...very volatile commodity since it can't be stored but reasonable assumptions about pricing show pretty agressive numbers. Their proved reserve asset value is huge which is another possible source of value.
BEXP has a major gas discovery in South Louisiana that they are just beginning to develop. They also have a lot of potential in their North Dakota Bakken Shale acreage. I'm expecting them to announce a joint venture in North Dakota with a company that knows how to unlock the Bakken's potential.