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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) > New Interim CEO
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Comment by mjhaymanon Apr 22, 2020 3:25pm
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Post# 30940952

RE:RE:New Interim CEO

RE:RE:New Interim CEO

When I talked to Eshelman he mentioned this definitely going to a private party for pennies on the dollar. He told me he knew the banks threshold and that they were going to take a haircut. " I will tell you what you wanna hear, shareholders money is gone" was his opening line on my phone call with him. 

 He also insinuated that he could have easily avoided bankruptcy had he waited another week when prices rebounded. But it's over now this is where we are at.

I truly feel they forced the bankruptcy through new CFO, he is a fall man. They could have gotten over the hump easily, bk was strategic 

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