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Bullboard - Stock Discussion Forum 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... see more

GREY:BXEFF - Post Discussion

Bellatrix Exploration Ltd (Canada) > Future Exploration Value
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Post by RichyRich$ on Jan 10, 2019 10:59pm

Future Exploration Value

Everyone also forgets about the future exploration value with so much land they own in key spots. 1 Third of their 2020 debt has already been extended to 2023 and the amount do in 2020 is not that much. They mentioned in their press release in 2018 that they have another to draw room bring the 2020 debt due down to only US$100 Million. With the hype of LNG Canada pipes being built and expected future higher AECO NG prices from these pipes and increasing Asian NG demand... the sentiment will be positive for the lenders to extend that US$100 Million. If they had to... they could easily sell some exploration land to pay it off. I think the drop in share price already factors in delisting on the NYSE. I hope it does. It will still trade on the NYSE as an OTC stock symbol. The TSX institutional investors are large enough to ride this ship up. I've seen other stocks in the same situation and after the U.S. delisting... went on for 10 X gain. Delisting on the U.S. side isn't actually delisting. It continues to trade as an OTC Over the Counter symbol. It means less institutional investors on the U.S. side. But there'll be plenty in the Canadian side and retail investors will still buy up the U.S. OTC stock. I think it'll be better if they delist the U.S. stock to OTC. There would be no Wall Street manipulation then. International fund managers from other Countries can still buy up 9n the TSX. Asian investors could start buying up.
Comment by kavern23 on Jan 11, 2019 3:28am
Richie...you are not focusing on the debt you should be worried about. The bank credit faculty is going to be the issue that is most pressing. "The term of the Credit Facilities is to May 30, 2019, and the Credit Facilities are extendible annually thereafter at the option of the Company, subject to lender approval. If not renewed in May 2019, the Credit Facilities would enter a six-month ...more  
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