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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) > converting debt to shares was at $2 or so
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Comment by mingzhuon Feb 08, 2020 10:20am
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Post# 30662071

RE:RE:converting debt to shares was at $2 or so

RE:RE:converting debt to shares was at $2 or soyou are probably right. banks converted $110m into shares/total 40m shares = $2.75/share. even if they own 100% shares. 110m/3.23=34m/40m.=85%. The banks own 85% of BXE shares. 
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