Stockhouse.com uses cookies on this site. By continuing to use our service, you agree to our use of cookies. Cookies are used to offer you a better browsing experience and to analyze our traffic. We also use them to share usage information with our partners. See full details.
I Agree
×
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

Privacy Policy | Disclaimer

Sign In

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

or

Privacy Policy | Disclaimer
Please Try Again {{ error }}

Send my password

Return to Login
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

Bullboard - Stock Discussion Forum 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... see more

GREY:BXEFF - Post Discussion

Bellatrix Exploration Ltd (Canada) > LEVERAGE remains above 4 times, Next Asset Sale
View:
Post by George98 on Feb 09, 2017 5:10am

LEVERAGE remains above 4 times, Next Asset Sale

After the latest sale (Harmattan), BXE's total net debt including the working capital deficit remains above C$400 million, so BXE's leverage remains well above 4 times. This is not sustainable.

So which producing asset is BXE going to sell in the coming months? Ideas?

I think it will reduce further its Cardium exposure and it will sell additional Cardium assets by year end.
Comment by George98 on Feb 18, 2017 9:14am
folks, any idea on this? what's your opinion regarding a non-core asset sale since BXE's debt is not sustainable?
Comment by tannin on Feb 18, 2017 1:40pm
Don't agree with your premis George. With judicious forward selling, BXE can carry the debt load imo, and increase production. Higher leverage, higher reward, if if if.
Comment by George98 on Mar 10, 2017 9:23am
tannin, 4 times leverage is not sustainable. My friendly advice. 
Bellatrix Exploration Ltd (Canada)
The Market Update
{{currentVideo.title}} {{currentVideo.relativeTime}}
< Previous bulletin
Next bulletin >

At the Bell logo
A daily snapshot of everything
from market open to close.

{{currentVideo.companyName}}
{{currentVideo.intervieweeName}}{{currentVideo.intervieweeTitle}}
{{currentVideo.headline}}
{{currentVideo.link1Text}}
{{currentVideo.link2Text}}
< Previous
{{moreVideoText}}
Next >
Dealroom for high-potential pre-IPO opportunities