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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 mjhaymanon Apr 22, 2020 3:08pm

RE:RE:RE:RE:RE:RE:Alberta eyes 'Liquidity Package' for Oil & Gas Companies

Hey Richy,  I don't think they legally went into Bankruptcy, I think we should lawyer up if they sold for zero. What are your feelings on recourse if Penny is in fact correct?
Comment by RichyRich$on Apr 22, 2020 2:57pm

RE:RE:RE:RE:RE:Alberta eyes 'Liquidity Package' for Oil & Gas Companies

I verified with the PWC monitor that the restructuring in March - May 2019 was the Bank/Lenders swapping $110M for 83% ownership of the common shares. The monitor verified that if the common shares go ...more  
Comment by pennydredfulon Apr 22, 2020 2:52pm

RE:New Interim CEO

I   will   speculate   here    that   Brent   left    now    as    he  may   ...more  
Comment by pennydredfulon Apr 22, 2020 2:45pm

RE:RE:RE:RE:Alberta eyes 'Liquidity Package' for Oil & Gas Companies

People    that    swapped    for  shares   were  holders  of   the   Canadian  convertible  ...more  
Comment by pennydredfulon Apr 22, 2020 2:33pm

RE:RE:RE:RE:RE:RE:Alberta eyes 'Liquidity Package' for Oil & Gas Companies

yes    they    convert   the   D.I.P.    financing   ,  the   2nd  lien  notes  and   ...more  
Post by RichyRich$on Apr 22, 2020 1:51pm

New Interim CEO

Notice on the Bellatrix website under management. It shows Brent Eshelman (former CEO) is no longer with the company. His LinkedIn shows he left Bellatrix March 2020. Theres a new Interim CEO now ...more  
Comment by RichyRich$on Apr 22, 2020 1:10pm

RE:RE:RE:Alberta eyes 'Liquidity Package' for Oil & Gas Companies

Penny... there is no rumour on the streets. Everyone is tight lipped. No one is giving any inside info. Also... You do realize that the banks/lenders own 83% of the common shares. So if they accept a ...more  
Comment by RichyRich$on Apr 22, 2020 1:05pm

RE:RE:RE:RE:RE:Alberta eyes 'Liquidity Package' for Oil & Gas Companies

Penny... the Total Debt apx C$375M is clearly in Canadian Dollars in the last Quarter report. Total Debt includes all level of liens etc.
Comment by pennydredfulon Apr 21, 2020 8:35pm

RE:RE:RE:RE:Alberta eyes 'Liquidity Package' for Oil & Gas Companies

Check     your    in  box.    As    you   aware    current   drop   dead  & ...more  
Comment by rad10on Apr 21, 2020 7:22pm

RE:RE:RE:Alberta eyes 'Liquidity Package' for Oil & Gas Companies

Hi penny - what's the scoop?  PWC monitor is tight lipped. No update to the CCAA reporting. All the best.
Comment by mjhaymanon Apr 21, 2020 10:29am

RE:RE:RE:Alberta eyes 'Liquidity Package' for Oil & Gas Companies

How low are we talking, like not a penny for shareholders? If this company doesn't even try for a line of credit which is coming very very very soon I would be so utterly shocked by the greed of ...more  
Comment by pennydredfulon Apr 20, 2020 9:16pm

RE:RE:Alberta eyes 'Liquidity Package' for Oil & Gas Companies

According    to    rumours    on   the  street   they  may  have   already   signed    ...more  
Comment by pennydredfulon Apr 20, 2020 6:04pm

RE:nat gas shot up when oil cratered to negative -37

generally   .  A few   commercial   vehicles    like   cabs   and    trucks    use    ...more  
Post by mingzhuon Apr 20, 2020 6:00pm

nat gas shot up when oil cratered to negative -37

2 reasons: less oil is produced and less nat gas; world nat gas usage is down only 1 % in this crisis. people do not use nat gas to drive. 
Comment by pennydredfulon Apr 19, 2020 11:05am

RE:RE:RE:Worst Case. Bellatrix is Saved by the New Energy Aid Loans

2nd   lien    notes  ,third  lien    notes   and   D.I.P.    financing   are   all   ...more