Bellatrix Exploration Ltd (Canada) BXEFF

Future Exploration Value

[RichyRich$]

Everyone also forgets about the future exploration value with so much land they own in key spots. 1 Third of their 2020 debt has already been extended to 2023 and the amount do in 2020 is not that much. They mentioned in their press release in 2018 that they have another to draw room bring the 2020 debt due down to only US$100 Million. With the hype of LNG Canada pipes being built and expected future higher AECO NG prices from these pipes and increasing Asian NG demand... the sentiment will be positive for the lenders to extend that US$100 Million. If they had to... they could easily sell some exploration land to pay it off. I think the drop in share price already factors in delisting on the NYSE. I hope it does. It will still trade on the NYSE as an OTC stock symbol. The TSX institutional investors are large enough to ride this ship up. I've seen other stocks in the same situation and after the U.S. delisting... went on for 10 X gain. Delisting on the U.S. side isn't actually delisting. It continues to trade as an OTC Over the Counter symbol. It means less institutional investors on the U.S. side. But there'll be plenty in the Canadian side and retail investors will still buy up the U.S. OTC stock. I think it'll be better if they delist the U.S. stock to OTC. There would be no Wall Street manipulation then. International fund managers from other Countries can still buy up 9n the TSX. Asian investors could start buying up.