Bellatrix Exploration Ltd (Canada) BXEFF

Worst Case. Bellatrix is Saved by the New Energy Aid Loans

[RichyRich$]

Canada's Natural Resource Minister announced that a Liquidity Aid Package is coming soon for Canadian Oil & Gas Companies. Worst case scenario now, if Bellatrix doesn't end up being sold, they take some of that low interest government aid loan money and keep trucking until NG prices uptrend. The banks/lenders will feel comfortable to renew their current loans... knowing that the Government is providing a safety cushion with low interest aid loans. AECO NG is still high at $1.90 on April 9, 2020 close. Way higher AECO prices verus this time last year. With the new Aid money, their plan to not hedge and keep selling through AECO is a beauty. Even with Oil lower, Oil is only 30% of their production and the new OPEC deal should drift WTI Oil into the $30.00's. Hopefully it does get bought out though! Still lots of time to June 8.

[pennydredful]

They  (We)    have    been    stung    by  the   weakness  of  the  Cdn  $$   against    the   US    $$  as     their     assets     are     in  Canada 

[RichyRich$]

NO... you're WRONG. ALL BELLATRIX DEBT IS IN CANADIAN DOLLARS. Read the last Quarter Report. The Weaker Canadian Dollar helps for a Buyout because a Private Investment Group from the U.S. can pay off our weaker Canadian Debt with their Stronger U.S. Dollars and money left over to pay off the common shares... depending on buyout amount. A weaker dollar in a country always attracts more foreign

[pennydredful]

2nd   lien    notes  ,third  lien    notes   and   D.I.P.    financing   are   all   in   US     dollars   , according     to  note    3    of  the  last   financial