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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


GREY:BXEFF - Post by User

Bellatrix Exploration Ltd (Canada) > Great news
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Comment by JohnMayeron Mar 29, 2019 11:14am
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Post# 29554225

RE:RE:Great news

RE:RE:Great news I can't believe there are still bids at $0.50s. Someone must have made the mistake of putting in over night orders.  If I had the guts, I'd short that open. No one like transactions like this.  Make no mistake, this is a banrupcy transactions, but management actually did a very good job of negotiating to keep 16.5% of the company in common shareholders hands.  That's a best case scenario and management shouldn't be applauded for achieving this.
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