GREY:BXEFF - Post by User
Post by
RichyRich$on Jan 22, 2020 7:48pm
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Post# 30585885
BP Disclaimer Approved by the Monitor
BP Disclaimer Approved by the MonitorOn the PWC website under "Motion Material" a full report was filed Jan. 21 to the Courts to make a ruling. Read the report and it shows compelling evidence Bellatrix will win the court case. So that's the reason for the delay on a buyout. There's most likely a delay already made, but pending Bellatrix ditching BP. It's mainly because AECO NG is so high now, they can sell directly in Alberta at higher prices. Usually the courts favour in the Monitors rulings. I'm predicting we hear a court order ruling in the next week or two and news of a sale of Bellatrix shortly after. Good luck to all. This report shows Bellatrix total debt at $377M. Another report on PWC showed they forecast Bellatrix having $25M Cash + $2M owed to Bellatrix by BP. Subtract the $377M debt by $27M cash by April 30. Bellatrix will have $350M total debt by April 30. Any buyout over $350M and we're in the money. I just can't see it being sold for under $400M. Hopefully $450M or $500M.