Bellatrix Exploration Ltd (Canada) BXEFF

Bankruptcy

[Compromise]

How can these guys avoid bankruptcy?  Either they will need to liquidate or their lenders will.

[ThomasJ0000007]

This post has been removed in accordance with Community Policy

[Compromise]

Not confused at all.  Just realistic.  Have owned and sold.  Just wondering when more companies start to fade away in this world of oversupplied gas markets and no end in site.

[RichyRich$]

Compromise... it's called "The Banks Like Making Money on Interest." They want to extend the debt maturity. They can also increase production. They chose to not increase it yet to wait for NG to trend higher.

[Eagle1]

You make a lot of sense. In fact the word "bankruptcy" is out of place in any current discussion of BXE. From almost any perspective as others have posted, unless perhaps if energy prices dropped off the proverbial cliff. As a long-suffering BXE shareholder I would like to see energy prices ramp way up, not to prevent a bankruptcy but because of its likely positive impact on the SP.

[graffiti99]

Simple: extend maturity on debt or sell a few well targets to larger company or a bit of both. No need to completely liquidate

[ItAintMeBabe]

Thanks for throwing around the 'bankruptcy' word on message boards because you're worried about having missed out after selling early. BXE can pull in second lien notes (and likely will) by Feb28, to the tune of $50mil. 2020 will be a tough year to get everything paid down, especially if natural gas doesn't recover. I'm personally expecting a buyout and/or restructuring by