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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 Just1Questionon Jan 21, 2019 7:29pm
162 Views
Post# 29262198

Financial Statements not as bad as you think.

Financial Statements not as bad as you think.As At 30 September 2018 Financial Statements:

Link -->> Statements



Shareholder Equity         ~739 Million
Shares Outstanding        ~62   Million

Book Value $11.92 per share

Loss for third quarter 2018 amounted to 14 cents per share.

The recent debt conversion into shares was at aproximately twice the current share price

Arguably one cannot loose money forever, but presumably proficient financial entities have voted with their cheque book to support BXE.

Any Intelligent arguements as rebuttal appreciated and read.

Cheers
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