GREY:BXEFF - Post by User
Comment by
kavern23on Jan 13, 2019 7:53pm
213 Views
Post# 29225909
RE:RE:RE:mkt cap 39m CAD -
RE:RE:RE:mkt cap 39m CAD - Eagle1 and Twobyfour...you do need the lecture as you have not said one thing postive about BXE or explained how they wil survive into 2020.
Have either of you have heard of Compton Petroleum...they were another high debted ALberta NG producer that eventually sold for 33 million.....
https://www.prnewswire.com/news-releases/mfc-industrial-completes-acquisition-of-100-of-compton-169437896.html
What has happened last year is total net debt is higher and production is getting lower due to declines and they can not afford to drill more.
CASHFLOW WAS less then 8 million dollars last Q with a total net debt of 418M...isn't any company in Alberta patch even remotely close to this.
I follow this as it is so interesting...