Bellatrix Exploration Ltd (Canada) BXEFF

RE:Up Another 15.0% After Hours on NYSE.

[graffiti99]

RichyRich$ wrote: I'm smelling momentum! Maybe a Buyout! Now would be the time to strike for a buyout before the sector rebounds. If there's gonna be a buyout... this would be the perfect time period to do it. If an interested company waits until after the debt is extended and with AECO rebounding from bottom... and the sector rebound and enthusiasm around LNG Canada pipelines being built... Bellatrix may decide to not accept offers down the road. Not sure if they are now. But from a buyer's perspective... you gotta offer at the companies low point. Which is now. With so much resources and exploration land still untapped... one of the large Oil n gas companies could easily offer $600 Million. That would pay off $400 Million Debt and leave $200 Million 81 Million shares = $2.46 per share. We could be in for 5 X Gain in a buyout. The buyer would be happy with low cost spirit river and with no debt and Interest payments if they pay it off in the buyout... that would leave them lots of money to aggressively spend on exploring/drilling more land. A buyer would look at the attractive $12.00/share book value and the low EV/EBITDA which is 7.8. That factors in debt and earnings. They say anything under 10.0 EV/EBITDA is lucrative for a buyout. Good value for a buyer.

Exactly my thoughts as well. This would also explain why insiders are not buying...they would be restricted if in discussions to be acquired.