GREY:BXEFF - Post by User
Post by
stockfyon Mar 15, 2019 6:40pm
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Post# 29494219
Ideas about BXE's debt and leverage
Ideas about BXE's debt and leverage I wonder why BXE does not try to unlock the value of its Cardium acreage by drilling halo, bioturbated Cardium wells. InPlay Oil (IPO) has been doing it over the last two years with strong drilling results to date while maintaining a strong balance sheet with leverage at just 1.5 times.
Alternatively, I think that if BXE sells some of its valuable midstream assets and some of its Spirit River producing acreage, it will kick the can down the road for at least one more year.