Bullboard - Stock Discussion Forum Bellatrix Exploration Ltd (Canada) BXEFF

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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... see more

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Bellatrix Exploration Ltd (Canada) > Asset sale

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Post by dinkdestroyer on Sep 19, 2016 5:42pm

Asset sale

https://seekingalpha.com/pr/16609576-bellatrix-announces-47-million-non-core-asset-sale

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Comment by BobTheKnob2 on Sep 19, 2016 6:49pm

I see the news that Bellatrix is selling a portion of their Pembina properties for a combination of cash ($42MM) and $5MM of shares in a private company (16,666,666 shares of InPlay Oil Corp.) that is contemplating a reverse takeover of a TSE listed company. There is news out about this. InPlay is taking over Anderson Eploration (T.AND). It appears as if this will be moving ...more

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Comment by seashore on Sep 19, 2016 7:05pm

More money for debt reduction which is great for BXE shareholders. Long term outlook is looking better and better each day. Could see a nice uptick tomorrow if the markets are right.

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Bellatrix Exploration Ltd (Canada)