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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


GREY:BXEFF - Post by User

Bellatrix Exploration Ltd (Canada) > Link including debt priority info
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Comment by RichyRich$on Oct 19, 2019 7:22pm
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Post# 30247962

RE:RE:RE:Link including debt priority info

RE:RE:RE:Link including debt priority infoIt looked like a few tier of lenders together decided to swap $110M debt for majority shares closing June. That's pretty well my only glim of light here... that they fight to get the common shares paid off well since they own most of it! I'm also hoping it's just a partial sale of the Cardium land JV. They paid 150M for it a few years ago. Maybe they take $100M for that land and keep going with Spirit River with only $260M debt. The lenders already agreed to extending debt to 2023. They might be good with a partial sale to pay off the $90M revolving debt... and the $260M due 2023 like originally agreed upon. Maybe the spike in AECO will bring potential back to the table.
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