Bellatrix Exploration Ltd (Canada) BXEFF

Energy

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

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Bellatrix Exploration Ltd (Canada) > Bankruptcy

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Comment by ItAintMeBabeon Feb 08, 2019 11:21am

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Post# 29337941

RE:Bankruptcy

Compromise wrote: How can these guys avoid bankruptcy? Either they will need to liquidate or their lenders will.

Thanks for throwing around the 'bankruptcy' word on message boards because you're worried about having missed out after selling early.

BXE can pull in second lien notes (and likely will) by Feb28, to the tune of $50mil. 2020 will be a tough year to get everything paid down, especially if natural gas doesn't recover. I'm personally expecting a buyout and/or restructuring by then.

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