GREY:BXEFF - Post by User
Comment by
twobyfouron Jan 24, 2019 6:56am
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Post# 29274388
RE:BXE Cash Flow
RE:BXE Cash FlowBXE have said they have approved a 2019 budget between $40m to $50m, they intend to cover this from cashflow from operating activities.
Even with low aeco prices they can maintain production and fight off the lean and mean conditions, gas prices will eventually increase, cant stay this low.
Why would BXE go bankrupt, clearly they have more assets than liabilities, book value is over $12m, like Bow ties said in next two years this can be a double digit stock again.
Sheep are just all running, the energy market is canada is taking a big hammering at present.