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Bellatrix Exploration Ltd (Canada) BXEFF

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

Comment by mjhaymanon Oct 19, 2019 12:45am
71 Views
Post# 30246684

RE:FYI

RE:FYIFinally a non troll! Yes I prob screwed that up for everyone sorry about that, it's just that he was the only guy not calling me back. I believe the management team might have been punted so not sure if they are being paid or not. But, again I am very sorry to say that the CEO and CFO do not believe in the company, not sure if it's that hard to get financing within the industry or why they are so sure of themselves. The CEO said "I will tell you what you want to hear, listen it was unfortunate but the stock price is gone it's been delisted. I'm guessing the creditors are going to take a bit of a haircut." Then he stated after he loosened up a bit (we talked for 30 mins). "Someone is gojng to get a tremendous deal on this, it will sell for pennies on the dollar". Again he stated that it will go private for a couple years and stay operational of course, then probably be sold back to the public market at a huge profit. He also seamed discouraged that Aeco is finally going up now, but it's too late. Sales process has already started!!!!!! Yuck!!!!
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