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Bellatrix Exploration Ltd (Canada) BXEFF

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


GREY:BXEFF - Post by User

Post by RichyRich$on Jan 11, 2019 3:35am
124 Views
Post# 29216696

BXE Debts Well Bellow Financial Covenants (From Q3 2108 Rep)

BXE Debts Well Bellow Financial Covenants (From Q3 2108 Rep)WELL BELLOW FINANCIAL COVENANTS MEANS THE DEBTS SHALL BE EXTENDED PAST 2020. See from the Q3 2018 Report if you even read it. Lol................................................For the quarter ended September 30, 2018, Bellatrixs Senior Debt to EBITDA (as defined in the MD&A) ratio was 2.78 times, well below the financial covenant of 5.0 times as permitted by the agreement governing the Credit Facilities and Bellatrix's First Lien Debt to EBITDA (as defined in the MD&A) ratio was 1.24 times, well below the financial covenant of 3.0 times as permitted by the agreement governing the Credit Facilities.
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