The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

AdChoices
Pumpjacks at work pumping crude oil near Stettler, Alta., June 20, 2007.
Pumpjacks at work pumping crude oil near Stettler, Alta., June 20, 2007.
(Larry MacDougal/The Canadian Press)

Bellatrix share sale shrinks, despite hot energy market

Bellatrix Exploration Ltd. has re-worked the terms of its latest share sale, proving investors will not lunge at every deal in a hot energy market.

On Tuesday the oil and gas company set out to raise $250-million shares at a price of $9.75 each. One day later, both the size and the price were revamped. Bellatrix is now looking to raise $150-million at $9.50 per share.