Bellatrix Exploration Ltd (Canada) BXEFF

RE:RE:RE:RE:RE:Link including debt priority info

[mjhayman]

Why so willingly give up, do we not deserve representation of any sort? Yes the sales process has begun as per the CEO but they do have a threshold in which the banks are willing to take a loss on this but not too much of a loss. I'm not sure how this would play out if nobody offered that amount but as another poster mentioned there is no definite deadline, I'm sure all the players know all about it as BMO markets is supposed to market it worldwide. This is probably more about getting rid of management as anything, not sure if the banks would work out financing with a new buyer. I'm thinking the CEO is right, and the CFO probably only mentioned the higher AECO with the possibility of getting more money for the asset. Please call away anyone! Is it 100 percent gojng to be sold as a distressed asset no matter what they can hedge production at? No matter how much money this thing starts to generate with higher AECO? It might be  the only question worth asking at this point. As long as it's generating a profit I would love to see it continue at full production so we can possibly get our money back!