Bullboard - Stock Discussion Forum Bellatrix Exploration Ltd (Canada) BXEFF

Energy

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

Add To Watchlist

GREY:BXEFF - Post Discussion

Bellatrix Exploration Ltd (Canada) > converting debt to shares was at $2 or so

View:

Post by mingzhu on Jan 22, 2020 11:27pm

converting debt to shares was at $2 or so

it means that debt-holders think $2 is fair value. business has been going normally after converting and even getting better because gas price is going up. i think $2 will be final price for shareholders.

325

Comment

Comment by RichyRich$ on Feb 05, 2020 10:20am

Ming... my math showed that the converting debt to shares last year was at a $3.23/share break-even. That the banks would need $3.23 to break-even. But if they're willing to take a haircut... then your $2.00/share might come true. I hope so. I'll take $2.00/share... run to the bank... and never look back! I also hope you're right that the banks realize it's not to their advantage ...more

230

Comment

Comment by ariesleaf on Feb 06, 2020 11:50am

SHOW ME THE MONEY.

127

Comment

Comment by rad10 on Feb 10, 2020 8:11am

exactly! So many nonsensical hyperbolic posts............. These assets will get picked up for a few cents on the dollar.

117

Comment

Comment by mingzhu on Feb 08, 2020 10:20am

you are probably right. banks converted $110m into shares/total 40m shares = $2.75/share. even if they own 100% shares. 110m/3.23=34m/40m.=85%. The banks own 85% of BXE shares.

130

Comment

Bellatrix Exploration Ltd (Canada)