Post by
RichyRich$ on Jul 30, 2019 4:10pm
This is a Safe Bet... Debt Lowered $110M & Extended to 2023
I can tell a lot of the posters on here have no clue by mentioning bankruptcy. The restructuring n dilution kicked debt out to 2023 n $110M less debt. Bankruptcy risk is gone. Also... LNG and Transmountain Pipelines are expected to be built by 2022. AECO Gas and WCS oil prices will skyrocket when that is done... shipping access to the world increased. That will be built before the next negotiations of debt in 2023. By then with the Pipelines running... the hype in the Canadian Oil n Gas sector will start before its built. So it should trend up the next few years along with the whole sector... especially with $110M less debt. Also, keep in mind that they are able to service the debt. On a year to year 2017 to 2018 report... total debt only increased a few million. They incurred their larger debt increase earlier when they pumped out money to double their plant expansion to handle twice as much volume. In the investors report it says they can double their production and Operating Cash Flow, but are first waiting for NG prices to go up. They also NG price hedges in place at a higher price now... so this summers blip won't affect them. Also... with $110M less debt and a new lower interest rate negotiated and no expense to maintain NYSE listing... their expenses are way lower now. In the investors report it also said that all money from here on is going toward lowering debt and exploration drilling. The plant expansion costs are done. Their plant and pipeline facilities alone are worth $200 Million if they sold it. Not even including their reserves value! And exploration potential down the road. I'm excited to see the next Q3 report. Also... large insiders usually have a rule to wait until over $1.00 to buy. Large institutions too. Keep in mind insiders already bought it. The bank lenders bought 85% shares in restructuring and they need $3.25 to break even. They're the smart money that did the homework on Bellatrix value. Also... I wouldn't be surprised if they sell a piece of non essential land and this tripled overnight! Or a buyout!
Comment by
maldwyn on Aug 01, 2019 3:16pm
You have a strange definition of a safe bet .... this stock is still in freefall.
Comment by
NewfNewf on Aug 01, 2019 5:06pm
Richy, Its getting real close to 50 cents which i told you months ago that it would get too. I even committed putting some fun money at this garbage at that point. Not sure why but i will. You are probably only down 60 percent since you been pumping this well over a dollar so thats my buy signal. Thats if you even own this. Now go pump some more of DEE