Bellatrix Exploration Ltd (Canada) BXEFF

RE:RE:RE:RE:RE:Shareholder revolt

[Tweedlede]

I understand your disappointment in the SP performance in comparison to its peers. But keep in mind as the spread starts to widen, people will look for the players left behind in any LNG rally. The market isn't a perfect system. Particularly on small caps like this. Onto some of your points, I don't see what you mean by "BXE management has all plans in place to screw up the Shareholders". What in particular do you feel has been nefarious? Also as far as starting a grassroots petition to garner a "special meeting", with the entire thesis being to sell the assets RIGHT before a decision on LNG Canada will be made sounds a little short sighted. Although you mention "Selling them at lifetime lows is not probably a best case.". So I'm not sure why you even want to have a meeting. Is it to complain to management about the performance of a stock you've been in for less then a quarter? Come on now man. Sell your shares if you have no faith.

Snowhouse wrote: Now since we know that BXE management has all plans in place to screw up the Shareholders, the question is what can we do to protect our investment. Selling them at lifetime lows is not probably a best case.
BXE not going to do anything in favour of us. Shorts taking benefit of this situation and dragging the price down. After last week and today's performance, one thing is very clear that new low is coming soon. Oil at multi-year high and BXE at the lifetime low. I do not think debt is the only concern in the market. Several other companies with more debt than BXE are up 3-7% today. They are far from their lows.
It is the time now to get united and ask questions to BXE. Please send emails to BXE IR daily so that they can feel the heat. If we don't speak now, it would be too late to ask anything after few months.
They won't declare BK because they want to make easy money by sitting in offices and collecting bonuses for nothing.
Get up pals and get united.
Shall we make an online petition to draw the attention of BXE management?

stocksnbonds458 wrote:
I understand your position  the "asset value" may be based on faulty assumptions. Even if this actual value is only 40% of what the company states, that would still garner an average share value of $ 6.40 per share after all debts are paid.

I beilieve we only require 5% of shareholders on board to call a "special meeting" where we can have our request to sell the assets included into the next AGM for a vote.

Perhaps we need someone who is familiar with this process to champion the cause if many here aggree with this approach. Else we may be floundering for many years to come

Sell the assets and close out BXE