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

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Bellatrix Exploration Ltd (Canada) > LEVERAGE remains above 4 times, Next Asset Sale

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Comment by George98on Feb 18, 2017 9:14am

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Post# 25865080

RE:LEVERAGE remains above 4 times, Next Asset Sale

folks, any idea on this? what's your opinion regarding a non-core asset sale since BXE's debt is not sustainable?

George98 wrote: After the latest sale (Harmattan), BXE's total net debt including the working capital deficit remains above C$400 million, so BXE's leverage remains well above 4 times. This is not sustainable.

So which producing asset is BXE going to sell in the coming months? Ideas?

I think it will reduce further its Cardium exposure and it will sell additional Cardium assets by year end.