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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

Comment by kavern23on Jan 13, 2019 7:53pm
212 Views
Post# 29225909

RE:RE:RE:mkt cap 39m CAD -

RE:RE:RE:mkt cap 39m CAD - Eagle1 and Twobyfour...you do need the lecture as you have not said one thing postive about BXE or explained how they wil survive into 2020.

Have either of you have heard of Compton Petroleum...they were another high debted ALberta NG producer that eventually sold for 33 million.....
https://www.prnewswire.com/news-releases/mfc-industrial-completes-acquisition-of-100-of-compton-169437896.html

What has happened last year is total net debt is higher and production is getting lower due to declines and they can not afford to drill more.

CASHFLOW WAS less then 8 million dollars last Q with a total net debt of 418M...isn't any company in Alberta patch even remotely close to this.

I follow this as it is so interesting...
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