GREY:BXEFF - Post by User
Post by
RichyRich$on Jan 11, 2019 3:30am
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Post# 29216691
BXE Liability Management Rating Double the Industry Average
BXE Liability Management Rating Double the Industry AverageThe higher the LMR the better. It's a rating comparing Assets versus Liabilities. The following was copy n pasted from the BXE Q3 2018 Report. Industry Average in Alberta for Oil n Gas is 4.87 and BXE is 10.32. More than double the industry average LMR! That shows it's less risk and banks will be willing to lend and extend debt maturity dates....................................................................................................... .. ......As at September 30, 2018, Bellatrix had approximately 134,206 net undeveloped acres of land principally in Alberta.As at September 30, 2018, Bellatrix had approximately $1.37 billion in tax pools available for deduction against future income. Bellatrix maintained a strong Liability Management Rating of 10.32 in Alberta versus an industry average of 4.87 as at October 6, 2018.