GREY:BXEFF - Post by User
Post by
Indicatoron Dec 14, 2015 1:39pm
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Post# 24382727
HEY BXE - SELL something!
HEY BXE - SELL something!
This little piggy really needs to lower its debt - FAST !
As of November 30, 2015, short interest for Bellatrix Exploration Ltd (BXE) stood at 4350418 shares, an increase compared to 3954123 shares on November 13, 2015. This short interest comprises 2.3 percent of the entire float. Short interest ratio now stands at 5 at the average volume of 862938 shares . . . BXE has close to $700 million in debt
IF they can keep head above water, I dare say BXE will provide a HUGE short cover rally at some stage ... but first they need to trim the debt to stay afloat and keep the bankers at bay.