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) > Insider trading activity

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Comment by Seppelton Jun 14, 2018 11:53am

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Post# 28172264

RE:RE:RE:RE:RE:Insider trading activity

As far as "Skin in the game" I have checked Management Information Circular dated April 2, 2018. Among all 10 directors, the Chairman held 227k shares + 65k DSU (Deferred Share Units). This was followed by CEO with 97k shares + Nil DSU. The rest held relatively few shares and one director had NIL.

Polar Asset Management held for his clients about 2.5 million shares and $24.7 million Convertible Debenture. And there is another major shareholder who retired US$10 of senior notes for about 7 million shares (May 2 news release). So it looks like there are people with a lot of skin in the game and the management's role is operational and not necessary long term strategy.

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Cross border trading in Canada and Australia