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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) > FYI
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Comment by RichyRich$on Apr 24, 2020 5:22pm
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Post# 30951757

RE:FYI

RE:FYIBased on the Pengrowth Energy sale last November. They got $1.66 per MMboe on their buyout. Based on Bellatrix reserves we should have gotten bought out for $440M. $1.83/share. A $100M buyout is ludicrous. Remember in 2014 Bellatrix paid $576M to buyout Angle Energy just for the Cardium light Oil land. Only a fraction of Bellatrix's total business today. Its ludicrous they sold the Cardium plus the Spirit River land and reserves now only for $100M! How could their have not been higher bids?! In a way I'm happy thr banks lose tons as well. I was thinking if we got nothing it would be a situation where it sold at $375M just a hair away form reaching the common shareholders. I'm happy at least the banks take it up the assss too!
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