Post by
oakesy on Jun 25, 2018 10:44am
pigs at the trough . . .
BXE just filed for another share offering for up to $500 million. These guys are brutal and dont give a god damn about shareholder value.
It was only a year ago when a 5 for 1 share consolidation was done and now there diluting shareholders again . Pitiful.
Comment by
alkhor on Jun 25, 2018 11:24am
They have not filed for a share offering. What they have done is applied for permission to offer shares, preferred shares and warrants up to $500 million sometime over the next 2 years. They may not make any offerings in that time, but this keeps the option open.
Comment by
darb on Jun 25, 2018 11:29am
Whatever it takes to retire the debt, I am for. The key is the offering price!
Comment by
oakesy on Jun 25, 2018 12:18pm
This is pathetic .They have asked for a mixed shelf of up to $500 million and given their past history of dilution that is precisley is the future plan rather than grow the the company through the drill bit . Diluting shareholder equity to pay off long term debt is a sign of bad management with no vision.
Comment by
HARJAY on Jun 27, 2018 1:36pm
I sent your post to IR for their reply and this is their reply back regarding your comments. Bellatrix’s existing shelf prospectus expires at the end of June, and therefore requires renewal. We renew this every 2 years and so it is our normal course of business for Bellatrix. I hope all is well with you! Regards, Shauna