Bellatrix Exploration Ltd (Canada) BXEFF

RE:RE:RE:RE:BXE Q3?

[Kherson]

mjhayman wrote: Thanks Kherson kicking myself I didn't buy PGF after your posts, it actually went up for the time being like you predicted hahah. You mentioned in a previous post you feel I should send some emails or make phone calls is that still your opinion? I'm guessing the CEO Was probably right that there won't be any money for shareholders, I will be calling the CFO to see if there is anyway the National Bank is interested in keeping things going as they are the primary lender, I'm guessing they won't since the sales process alone is costing them 15 million. What a mess, my hope as of now is that they extend the sale until next year. Kind regards 

I still think that the whole CCAA process that BXE has entered into is a sham. The ASC needs to investigate this, but they won't. 
As for my 5 cent shares in PGF, I am thinking of selling soon as I thought that S.S. would have made an offer for the company by now and the $100 million impairment charge has me now believing that there may be even more problems under the hood! A simple welding defect like the one that occurred in the pipeline in North Dakota could shutdown Lindbergh for a very long time!
The banks that withdrew their involvement in the Credit Facility may actually have had just cause in doing so!
Kherson