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Bellatrix Exploration Ltd (Canada) BXEFF

Bellatrix Exploration Ltd is a Canada-based oil and gas company, engaged in the exploration, acquisition, development, and production of oil and natural gas reserves in the provinces of Alberta, British Columbia, and Saskatchewan. It primarily focuses on developing its two core resource plays, the Cardium and the Notikewin/Falher intervals in Western Canada. The Notikewin/Falher in Alberta's deep basin boasts abundant, liquids-rich natural gas with compelling economics. The Cardium is a highly e


GREY:BXEFF - Post by User

Comment by puma1on Jan 06, 2018 3:29pm
230 Views
Post# 27297903

RE:RE:RE:Does anyone here know

RE:RE:RE:Does anyone here know
instead of just asking what he thinks, the callers should ask what assets they could sell to wipe out the debt given the debt per share is about $5 and the net asset value is $15 per share....................... get them to think a bit rather than use the question as a way to plug something else. .................................... to his point on debt.......................the balance sheet is not too leveraged on it's own, but in a falling gas environment it is more of an issue. they should flog another $40 m or so of assets and put it in a sinking fund for retiring the convertible due in a couple of years.
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