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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

Bullboard (GREY:BXEFF)

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Comment by HARJAYon Oct 19, 2019 8:37pm

RE:RE:RE:RE:RE:RE:Link including debt priority info

Richy So what your saying is there is hope for our shares to be worth more thn 0.  in the future. Correct ?? Appreciate the response. HARJAY
Comment by RichyRich$on Oct 19, 2019 8:31pm

RE:RE:RE:RE:RE:Link including debt priority info

According to the press release on October 2... read below (copy n paste)... but it looks like they're waiting up to Nov. 13 to take bids, but all options still available. I'm not sure what MJ ...more  
Comment by HARJAYon Oct 19, 2019 8:01pm

RE:RE:RE:RE:Link including debt priority info

Sorry , i'm a little confused. I thought that MJ said i a previous post tht the CEO told him  its done co. is sold , correct me if i'm wrong. If that is the case why are you talking  ...more  
Comment by RichyRich$on Oct 19, 2019 7:22pm

RE:RE:RE:Link including debt priority info

It looked like a few tier of lenders together decided to swap $110M debt for majority shares closing June. That's pretty well my only glim of light here... that they fight to get the common shares ...more  
Comment by mjhaymanon Oct 19, 2019 7:10pm

RE:RE:Link including debt priority info

Sorry I messed up the strategic process possibly thinking it had to do with the financing 4 months ago, it's very confusing to me. Hard to believe they would lose that much money that fast, their ...more  
Comment by RichyRich$on Oct 19, 2019 7:00pm

RE:Link including debt priority info

No. $110 Million is not mentioned anywhere in there. When the banks did the recapitalization in June, they lowered the debt due in exchange for common shares. Which works out to a strike price of apx. ...more  
Post by mjhaymanon Oct 19, 2019 6:57pm

BRENT ESHELMAN

I hope to ask George and Phil if they think Brent should ever get another job inside oil and gas? I think it goes without saying that nobody trusts him to bring this company back! The more I think ...more  
Post by mjhaymanon Oct 19, 2019 6:44pm

Link including debt priority info

https://www.pwc.com/ca/en/car/bellatrix/assets/bellatrix-015_100919.pdf
Comment by mjhaymanon Oct 19, 2019 6:41pm

RE:RE:RE:RE:RE:RE:Partial Sale or Joint Venture

I can't find his link made a point of first and second tier debt and the 110 million was mentioned in the second tier paragraph. Shane mentioned third tier (which he didn't think the bid would ...more  
Comment by mjhaymanon Oct 19, 2019 6:32pm

RE:RE:RE:RE:RE:Partial Sale or Joint Venture

Would you shut your face and scroll down there are three pages there moron
Comment by RichyRich$on Oct 19, 2019 6:29pm

RE:RE:RE:RE:Partial Sale or Joint Venture

The Sales link just shows the process of accepting bids. It does not mention creditors. You're making stuff up again. There is no $110M from a debt conversion mentioned in the sales links. Did you ...more  
Comment by mjhaymanon Oct 19, 2019 6:25pm

RE:RE:RE:Partial Sale or Joint Venture

Jesus of course that's just supplies coffee companies etc. I am not a book keeper but we all know about the debt conversion at around 110 million 4 months ago? Don't we? They were mentioned in ...more  
Comment by RichyRich$on Oct 19, 2019 6:10pm

RE:RE:Partial Sale or Joint Venture

MJ... dude... the Creditors link on here by leo101... MikeTrike added it all up posted it totals only $16 Million from small Owings. Where is the $110 Million Owing on that list as you just mentioned ...more  
Comment by mjhaymanon Oct 19, 2019 6:03pm

RE:RE:Partial Sale or Joint Venture

If a guy like George Fink could call up National Bank or whoever and convince them that there are better cheaper ways of running the company, maybe logic would win at the end of the day. But there are ...more  
Comment by mjhaymanon Oct 19, 2019 6:00pm

RE:Partial Sale or Joint Venture

The link was posted on here, I saw that just not the sales process until yesterday. I completely agree all this should be available but everything is owed NOW. All the bond money is the problem as per ...more