Post by
RichyRich$ on Jan 22, 2020 7:48pm
BP Disclaimer Approved by the Monitor
On the PWC website under "Motion Material" a full report was filed Jan. 21 to the Courts to make a ruling. Read the report and it shows compelling evidence Bellatrix will win the court case. So that's the reason for the delay on a buyout. There's most likely a delay already made, but pending Bellatrix ditching BP. It's mainly because AECO NG is so high now, they can sell directly in Alberta at higher prices. Usually the courts favour in the Monitors rulings. I'm predicting we hear a court order ruling in the next week or two and news of a sale of Bellatrix shortly after. Good luck to all. This report shows Bellatrix total debt at $377M. Another report on PWC showed they forecast Bellatrix having $25M Cash + $2M owed to Bellatrix by BP. Subtract the $377M debt by $27M cash by April 30. Bellatrix will have $350M total debt by April 30. Any buyout over $350M and we're in the money. I just can't see it being sold for under $400M. Hopefully $450M or $500M.
Comment by
healyshealy on Feb 15, 2020 9:35pm
Who would actually have the money to buy for over $400 million? It's tight out there and Alberta NG isn't a sure thing to invest in.
Comment by
RichyRich$ on Feb 20, 2020 7:59pm
Alberta NG is a sure thing to invest in because the LNG Pipeline from Alberta to Kitimat BC will be done in 3 to 4 years. Selling NG at a higher price directly to Asia.