In today’s Daily Alert, S.A. Advisory Editor William Velmer recommends an acquisition target from the energy sector, and Dow Theory Forecasts Editor Richard Moroney recommends selling his 2013 Top Pick.
“Bellatrix Exploration Ltd. (BXE, NYSE) is a western Canada-based growth oriented oil and gas exploration and production (E&P) company. Everything about BXE is quality. NAV at the end of 2012 was $9.90 and 1P+2P [proven and probable reserves] equaled 104 million boe [barrels of oil equivalent]. Earnings estimates for 2013 and 2014 are 0.42 and 0.78 respectively. Rev estimates for the same time period grow from 319 million to 376 million. Class act and most likely will be gobbled up by a much larger fish one of these days. Best Buy.”
William Velmer, S.A. Advisory, www.saadvisory.com, 801-272-4761, 5/27/13