GREY:BXEFF - Post by User
Comment by
perdikaoilgason May 26, 2018 10:03am
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Post# 28084136
RE:RE:RE:why is bxe taking a hit
RE:RE:RE:why is bxe taking a hitperdikaoilgas wrote: I think BXE is not out of the woods yet. Leverage remains very high. The recent debt deal of $10 million was a drop in the ocean. BXE has to work more on the debt front including asset sales.
I also think that BXE will not avoid selling some producing assets. BXE has to sell producing asset with value because this is how it will manage to reduce its debt significantly.
HFIR, the author from Seeking Alpha was bullish on BXE in 2016 and 2017.
Where is he now?