GREY:BXEFF - Post by User
Comment by
Tweedledeon Sep 12, 2018 1:26pm
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Post# 28606121
RE:RE:RE:RE:Bellatrix Announces Closing of Debt Refinancing Transaction
RE:RE:RE:RE:Bellatrix Announces Closing of Debt Refinancing Transaction That's a little short sighted. The Canadian industry itself went though a massive correction due to AECO pricing, it was hardly a focused failure just on BXE. And when AECO prices become more inline with global averages, money will flow back into the industry. The NYSE is an access point for many US funds that are not allowed to invest in the TSX. If you feel this industry segment is on the cusp of a reversal like I do, then having a NYSE listing is worth its cost.
honeystivbators wrote: a nyse listing doesn't amount to a hill of beans for shareholders. the stock has gone down over 95% since it peaked a few years ago. a nyse listing did not prevent that. new management is saying how smart they are. they should prove it by doing what aav and dropping the listing in USA. they have to face reality that they don't belong on that exchange.
Tweedlede wrote:
BXE has until January 23 2019 to bring the stock price above 1.30, and hold that price for a whole calendar month. (Less then 10% required) Morgan Stanley has been accumulating BXE for a while now in MOC orders. If they actually used that money to buy during the market, this stock would already be above 1.30. They are accumulating after hours on stock weakness, and when they are ready, can easily push this above 1.30. Meanwhile LNG Canada FID is expected to be decided on before the end of 2018. That in itself will create in inflow of cash to the LNG industry if approved. I would bet BXE is NOT at risk at risk of a reverse split to maintain NYSE listing.