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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 4:20am
184 Views
Post# 29216716

Cardium Resource Play 20,000 Square Miles.

Cardium Resource Play 20,000 Square Miles.Kavern... you're B.S. they have the Cardium Rsource Play with 20,000 square miles. Lots of other explorations areas too. The Spirit River is also among the lowest cost high grade in North America. Take a look at the exploration maps on their website. Reduction in costs trend. Improved efficiency trend. Will pay down debts. An LMR Liability Managemenot Ratimg twice as good as the industry average. And debt covenant ratios well below obligations by the lenders. The amount due in 2020 only US$100 Million after tapping their other source. Will be extended. No distress at all. That's great news! So you're saying they will come up with a verdict for the 2020 debt extension this May! Looking forward to the huge share price pop after it gets extended! :)
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