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Bullboard - Stock Discussion Forum 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... see more

GREY:BXEFF - Post Discussion

Bellatrix Exploration Ltd (Canada) > A blessing in disguise
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Post by Kimmykim on Mar 30, 2019 10:21pm

A blessing in disguise

This situation  can  be a blessing in disguise.We saw the friday trading(40 cents-46cents).
I do not want to pump,but good things can happen all the time(taking over, ,better negotiation with lenders etc).
Comment by An1588er on Mar 30, 2019 10:45pm
Agree. May buy more in the coming weeks. With debt concerns pushed aside, this very well could be an inflection point. I'm not excited about the recapitalization transaction, however it could have been worse. As I mentioned earlier, 16.5% is much better than 0. There appears to be alot of value here even with the recapitalization.
Comment by Don2018 on Mar 30, 2019 10:52pm
83.5% of the shares are priced at 18-19 cents. Yeah, there is a lot of upside from 43? NOT
Comment by honeystivbators on Mar 31, 2019 10:20am
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