Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 RichyRich$on Feb 21, 2020 10:48am
235 Views
Post# 30717626

RE:Judge Sides With BP

RE:Judge Sides With BPI noticed that too. Looks like it happened Feb. 4 but just posted now. They showed the savings of not selling NG through BP until contact end this October would save Bellatrix $14 Million. So it could mean they don't gain that extra $14 Million. However... it said that if the contract holds, other court hearings would be held to decide on an amount owed since they're selling through AECO now. Maybe a settlement would cost less than $14 Million and Bellatrix would still be ahead selling through AECO. Also... the wording in the conclusion almost makes it sound like the courts now about a favourable buyout that's swaying them to this decision that Bellatrix is no longer in financial distress. Maybe there's already strong buyout pending that the judge already knows about and factored that in. In a January motion post on PWC it said that Bellatrix forecast is to have $25 Million Cash by end of this April. If a settlement is made to just pay BP $10 Million damages for breach of contract, then they would still have $15 Million cash and the $377 Million debt would not get worse. We would still be in the money with a $400 Million buyout. But hopefully its higher than $400 Million. I can't see a matter of $10 Million in damages for a breach of contract that's favourable with AECO stop a potential buyer from bidding. News will probably come out soon on a settlement between Bellatrix and BP. I was thinking the courts usually favour with the opinion of the monitor. But at least the monitor bought them some time to accumulate more cash. MJ... have you tried contacting Bellatrix lately? Are they giving you any hints?
<< Previous
Bullboard Posts
Next >>