Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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)

View:
Post by RichyRich$on Apr 23, 2020 9:19pm

Apx. $100M CASH CONSIDERATION is What is Paid on Shares

Cash consideration is the purchase of the outstanding stock shares of a company using cash as the form of payment.https://corporatefinanceinstitute.com/resources/knowledge/finance/cash-consideration/
Comment by rad10on Apr 23, 2020 9:00pm

RE:RE:Debt

  lol - indeed they do Richy, and this one is no exception.......... 
Comment by RichyRich$on Apr 23, 2020 7:58pm

RE:Debt

Wikipedia says working capital is "Current Assets minus Current Liabilities". So it looks like we keep that? Confusing... because most buyout press releases calculate what shareholders would ...more  
Post by AcadianWindon Apr 23, 2020 7:32pm

What would be left of the company asset wise?

Trying to find out why Spartan didn't buy the whole company. Would the capital losses of over one Billion be worth something to an acquiring company?
Post by pwalker122on Apr 23, 2020 6:56pm

Debt

If you review the trustee website list of creditors, the total due is just under $15 million. The deal has Return paying these creditors on top of the $87 million in cash ro BXE. Further, working ...more  
Comment by ariesleafon Apr 23, 2020 3:26pm

RE:RE:What happens to management?

CURRY LARRY AND MOE ARE BEING PAID BIG TIME.
Comment by pennydredfulon Apr 23, 2020 3:00pm

RE:What happens to management?

Any   severance   they    got   from   you   and  me  .  The  buyer   only   bot  assets ...more  
Post by ngtraderngon Apr 23, 2020 2:50pm

What happens to management?

Do they get to keep their jobs? If not, did they get a nice severance package from the acquirer?
Post by maldwynon Apr 23, 2020 2:23pm

Sold for 87.4 million

https://stockhouse.com/news/press-releases/2020/04/23/bellatrix-announces-sale-transaction-in-connection-with-its-strategic-process
Post by foofadoooon Apr 23, 2020 12:44pm

Return

RTN....halted....
Post by pennydredfulon Apr 23, 2020 11:52am

Where were deep pocket buyers?

Like   Canadian   Natural  Resources   and  Tourmaline   etc.   ?
Comment by 1condoron Apr 23, 2020 11:31am

RE:RE:RE:RE:NO NEWS FOR SHAREHOLDERS

Assume you will get nothing for your BXE shares. If you get some scraps through this process then consider yourself lucky.
Comment by mlcb2525on Apr 23, 2020 11:22am

RE:RE:RE:NO NEWS FOR SHAREHOLDERS

There will be nothing left after the vultures (lawyers, accountants, CEO retention bonuses, etc), the only other winner will be the acquiring company. There timing was great, pipeline finally in the ...more  
Comment by Chris007on Apr 23, 2020 11:20am

RE:RE:RE:NO NEWS FOR SHAREHOLDERS

Wasn't net debt $375 mill in their last financial statement, even after the big dilution? If they're getting $87 mill, I don't see equity holders getting anything. Even some creditors are ...more  
Comment by stockstarkeron Apr 23, 2020 11:10am

RE:RE:NO NEWS FOR SHAREHOLDERS

They were in bankruptcy protection, they were not bankrupt, we will have to wait and see if there is anything left for shareholders.
The Market Update
{{currentVideo.title}} {{currentVideo.relativeTime}}
< Previous bulletin
Next bulletin >

At the Bell logo
A daily snapshot of everything
from market open to close.

{{currentVideo.companyName}}
{{currentVideo.intervieweeName}}{{currentVideo.intervieweeTitle}}
< Previous
Next >
Dealroom for high-potential pre-IPO opportunities