Frigate Ventures Lp adds Bellatrix Exploration Ltd (BXE) to its portfolio

Bellatrix Exploration Ltd (BXE) : Frigate Ventures Lp added new position in Bellatrix Exploration Ltd during the most recent quarter end. The investment management firm now holds 8,643,500 shares of Bellatrix Exploration Ltd which is valued at $6,517,199 , the company said in a statement filed on Aug 12, 2016 with the SEC.Bellatrix Exploration Ltd makes up approximately 2.38% of Frigate Ventures Lp’s portfolio.

Other Hedge Funds, Including , Ingalls Snyder reduced its stake in BXE by selling 6,400 shares or 5.69% in the most recent quarter. The Hedge Fund company now holds 106,000 shares of BXE which is valued at $79,924. Signia Capital Management added BXE to its portfolio by purchasing 756,393 company shares during the most recent quarter which is valued at $620,242. Bellatrix Exploration Ltd makes up approx 1.83% of Signia Capital Management’s portfolio.

Bellatrix Exploration Ltd opened for trading at $0.77 and hit $0.848 on the upside on Monday, eventually ending the session at $0.8234, with a gain of 6.95% or 0.0535 points. The heightened volatility saw the trading volume jump to 8,02,886 shares. Company has a market cap of $175 M.

Bellatrix Exploration Ltd. is an intermediate energy producer focused on exploration and development of light oil and liquids-rich natural gas opportunities in the Western Canada Sedimentary Basin. The Company develops its two core resource plays the Cardium and the Notikewin/Falher intervals in Western Canada. The Company has a joint venture (the Daewoo and Devonian Partnership) with Daewoo International Corporation (Daewoo) and Devonian Natural Resources Private Equity Fund (Devonian) in the Baptiste area of West-Central 3 Alberta. The Company also has a joint venture (the Troika Joint Venture) with TCA Energy Ltd. (TCA) in the Ferrier Cardium area of West-Central Alberta.

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