GREY:BXEFF - Post by User
Comment by
Tweedledeon Sep 12, 2018 10:33am
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Post# 28604310
RE:RE:Bellatrix Announces Closing of Debt Refinancing Transaction
RE:RE:Bellatrix Announces Closing of Debt Refinancing Transaction
BXE has until January 23 2019 to bring the stock price above 1.30, and hold that price for a whole calendar month. (Less then 10% required) Morgan Stanley has been accumulating BXE for a while now in MOC orders. If they actually used that money to buy during the market, this stock would already be above 1.30. They are accumulating after hours on stock weakness, and when they are ready, can easily push this above 1.30. Meanwhile LNG Canada FID is expected to be decided on before the end of 2018. That in itself will create in inflow of cash to the LNG industry if approved. I would bet BXE is NOT at risk at risk of a reverse split to maintain NYSE listing.