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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) > BXE Book Value = $96.00/Share!
View:
Post by RichyRich$ on Jun 22, 2019 12:32am

BXE Book Value = $96.00/Share!

That's the reason the Bank Lenders wanted to buy up majority shares! Book Value is Total Assets - Total Liabilities. Without Bankruptcy Risk now, .01 P/B is an insane screaming buy! Remember that $110 Million less debt added to the book value. So pre-consolidation the Book Value was $8.00/share factoring in $110M less debt. And keep in mind this was after they already updated the book value to be more realistic after depreciation. Remember book value used to be $10.00/share before the less debt consolidation. Post consolidation multiply by 12. $8.00/share X 12 = $96.00/share book value right now! We're at only $1.00/share now! Mathematically... even if they liquidated and sold all assets at an extreme discount... we would still make money from $1.00/share. This stock is gonna pounce!
Comment by NewfNewf on Jun 22, 2019 12:59am
Tell your masters or bow tie guy that i will wait for 50 cents and i will throw a little fun money  at it. Since Bow tie guy is still pumping and buying as well, i will just sit back and hold onto my money. Good luck
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