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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) > BUY LOW AGAIN IN $1.11
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Comment by RHertigon Feb 01, 2017 11:06am
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Post# 25783189

RE:RE:BUY LOW AGAIN IN $1.11

RE:RE:BUY LOW AGAIN IN $1.11 1condor you do know that companies can and do apply for 6 month extensions on delisting’s. It goes something like this for BXE. Dear NYSE our stock price fell due to us being in deep dodo with debt. We did the following to fix that problem. We also now have money to drill. These two items will most likely solve the problem and we will be back in compliance within the next 6 months. Thank you BXE management.
 Then from the NYSE dear BXE management we have read your explanation and it sounds reasonable to us. You have been granted a 6 month extension. Good luck we do not want to lose you as a customer.
This scenario plays out all the time in delisting reviews.
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