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Bellatrix Exploration Ltd (Canada) BXEFF

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

Post by pwalker122on Apr 23, 2020 6:56pm
316 Views
Post# 30947306

Debt

DebtIf you review the trustee website list of creditors, the total due is just under $15 million. The deal has Return paying these creditors on top of the $87 million in cash ro BXE.

Further, working capital and certain other assets are also not part of the deal, these will up the cash.  So, once severance, fees, etc. are taken out, there may be something left. Could be a surprise!
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