Bellatrix Exploration Ltd (Canada) BXEFF

Final blow

[Straite]

Now that bxe has been left for dead, maybe they will let it alone to stich up and stop the slow bleeding at least... in other words, after this final valuation adjustment, the debt issue is postponed/reduced.

[TouchDown12]

Given how the equity side of the biz has been handled... going forward I'd say the debt side will get a $4 return for every $1 in equity return (at best). Not worth the risk. Can't believe they sold out the whole potential of the company for $110M... I sense management will get their salaries and performance bonuses... the debt holders will get fees, whatever... the equity has been totally

[itsalie]

Joe says its a buy  :(  "Unbelievable numbers. Maturities of debt in 2021. 2018 cash flow was a $1.05 due to hedges. They have always done well with debtors. The stock is ridiculously cheap. He is comfortable with it and at this price it is a bargain. The market is nervous regarding the extension of the debt."

[honeystivbators]

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[1condor]

BXE will eventually be set up for a penny trader. Not there yet! If you read the press release and do some simple math you can calculate the value of BXE today. That is 16 cents. So about another 50 percent drop in the cards before this stinker becomes a penny trader. Enjoy.

[Straite]

What simple math?

[greenpasture1]

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[Straite]

I'm not averaging down, if I do something its go long debt and short equity but the gap has already been narrowing since Friday and there's always risk the restructuration does no go through.

[Straite]

I think that part is not a lie.

[honeystivbators]

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[honeystivbators]

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