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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) > From SEDAR
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Comment by pennydredfulon Apr 22, 2020 11:17pm
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Post# 30942891

RE:RE:RE:RE:RE:RE:From SEDAR

RE:RE:RE:RE:RE:RE:From SEDAR

Shareholders   won,t  see   a  dime   IMO  ,   The positive    things    you  mention    like   govt. guaranteed  loan  ,  orphan    well   program    the  buyer   will   want   to  retain    those  for  themselves    going    forward    not    benefit    former   stakeholders. One   positive   could   be  if    the    National   loan    remains   in  place   as  it    is  now  govt.   guaranteed   .   That  would  leave     more     money    for    other   creditors   and/also   less   money   for  ther  buyer   to  put  up.   I      think     375     too   high     but    if    bank  debt     remains    in  place   as    now    govt.   guaranteed    2nd  lien     should     do     OK    .   There    may  have     been deadline    for   offers    so     not  sure     if  a  last     minute     higher     offer     is  allowed    ? 
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