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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) > LEVERAGE remains above 4 times, Next Asset Sale
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Comment by George98on Mar 10, 2017 9:23am
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Post# 25962405

RE:LEVERAGE remains above 4 times, Next Asset Sale

RE:LEVERAGE remains above 4 times, Next Asset Sale tannin, 4 times leverage is not sustainable. My friendly advice. 

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.



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