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) > The Bank Lenders Believe BXE is Worth Above $3.22/Share

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Comment by maldwynon Jun 21, 2019 10:04am

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Post# 29849082

RE:The Bank Lenders Believe BXE is Worth Above $3.22/Share

1) It doesn't mean they think it is worth 3.22 a share, just that that is the best they could negotiate and it was better than getting nothing for their debt.

2) You now have a whole class of shareholders 83.5% (and dropping) who never wanted to be stockholders in the 1st place. I don't think they stay in very long as this drops.

3) I think BXE might be a good value play at some point, but picking a bottom on this falling knife when clearly nobody believes it's book value is a pretty tricky thing.

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