Bellatrix Exploration Ltd (Canada) BXEFF

Energy

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

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Bellatrix Exploration Ltd (Canada) > Shareholders Have to Vote on Any Plan

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Comment by RichyRich$on Oct 18, 2019 1:32pm

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Post# 30244643

RE:RE:Shareholders Have to Vote on Any Plan

MJ... even if it did go for pennies on a dollar... we should still get our money and more back. Bellatrix Book Value is $16.00/share. Book Value is Total Assets minus Total Liabilities. Even at 10% of book value a buyer would be getting a crazy deal and we would get $1.60/share. Even the pipeline infrastructure they own is worth $200M. Not even including the actual reserves and production. Also, delisting doesn't mean you don't get a payout on the shares. When a company gets bought out the shares always delist anyway on closing date. The bank/lender that owns 85% of the common shares now will ensure it's a fair process.

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