GREY:BXEFF - Post by User
Post by
rob1237on Oct 03, 2019 11:20pm
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Post# 30194936
Bellatrix Exploration under TSX delisting review
Bellatrix Exploration under TSX delisting review
Bellatrix Exploration under TSX delisting review
2019-10-02 19:39 ET - Miscellaneous
The Toronto Stock Exchange reports Bellatrix Exploration Ltd. is under an expedited delisting review. The company has been suspended from trading, effective immediately.
This company will be liquidated on pennies to the dollar to secured creditors only and it sounds like they got a bridge load from these creditors. Common share holders get nothing usually unless theres extra value in the assets. Once delisted ( which it will be) your shares are worth nothing. Either way its a total loss. I use to own this based on J.S recommendation but sold at a minor loss.
i think the canadian oil industry is investable unless we get a new government with a majority mandate to kick start things again. Without pipes to get oil to water most compaies wiill face exactly what BXE is facing right now. Bankrupcy.
buy USA oil companies if u like oil or nat gas. . Its not worth the risk here in canada. Few companies will be able to raise money when they need it. Also with Nat gas it the same story but even worse. People love to gamble