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Bellatrix Exploration Ltd (Canada) BXEFF

Energy
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

Bellatrix Exploration Ltd (Canada) > TD Lowers Target price to .40
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Comment by JohnMayeron Apr 01, 2019 10:48am
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Post# 29563556

RE:TD Lowers Target price to .40

RE:TD Lowers Target price to .40TD should be ashamed of recommending this company.  Clearly, management blindsided everyone with this announcement.  Now what you're seeing are debenture holders shorting the shares bc they know they will be recapitalized at $0.27.  Sell what you can at $0.30 and you're covered at $0.27 with this deal.  I feel badly for shareholders or anyone who listened to Schacter pumping this company.  This is equivalent to a partial bankruptcy.  THe dilution and following roll back are going to destroy current shareholders.  
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