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Pumpjacks at work pumping crude oil near Stettler, Alta., June 20, 2007. Alberta's oil pipeline hub, where millions of barrels of crude flow each day to pipelines that feed markets in Canada and the United States is a beehive of activity. Analysts expect many Canadian oil sands companies to surge, most notably Whitecap Resources.
Pumpjacks at work pumping crude oil near Stettler, Alta., June 20, 2007. Alberta's oil pipeline hub, where millions of barrels of crude flow each day to pipelines that feed markets in Canada and the United States is a beehive of activity. Analysts expect many Canadian oil sands companies to surge, most notably Whitecap Resources.
(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.