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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) > Cashflow positive until April 2020, no need to sell
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Comment by mjhaymanon Jan 18, 2020 12:27pm
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Post# 30568883

RE:RE:Cashflow positive until April 2020, no need to sell

RE:RE:Cashflow positive until April 2020, no need to sellThe latest application isn't coming up on the CCAA website for me, they want an extension to help organize things, the BP payment of 14 million would help them immensely by the looks of things. I'm pretty sure the timeline on reaching that payment is stressing them out a bit. But, the CH11 would allow them to sell the company for more money with possibly not having to pay benefits to workers etc not sure what the motivation is here? Did they sell the oil somewhere else and not oblige BP? Or is BP just wreckless and price gauge BXE? Lawyer needed! I put a call in and left a message for lawyers responsible.
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