Bellatrix Exploration Ltd (Canada) BXEFF

Debt

[pwalker122]

If you review the trustee website list of creditors, the total due is just under $15 million. The deal has Return paying these creditors on top of the $87 million in cash ro BXE.

Further, working capital and certain other assets are also not part of the deal, these will up the cash.  So, once severance, fees, etc. are taken out, there may be something left. Could be a surprise!

[RichyRich$]

Wikipedia says working capital is "Current Assets minus Current Liabilities". So it looks like we keep that? Confusing... because most buyout press releases calculate what shareholders would get.

[rad10]

  lol - indeed they do Richy, and this one is no exception.......... 

[pennydredful]

working   capital    can    be    a  negative    #    .   That    happens    when    current    liabilities    exceed      current    assets.    This    is

[mjhayman]

You think these crooks have morals and values and will give up there severance pay to save their soul, I doubt it. They are seasoned thieves and completely corrupted FOR LIFE! They deserve to be in jail, Eshleman is a big Trump guy, it's the me first movement all the way to the Cayman Islands for that parasite.

[mjhayman]

What other assets aren't included? I thought the Gas Plant was worth 100 million. I had no business investing in this.

[mjhayman]

Also the working capital would go to second lien holders, far from getting to us

[pennydredful]

those    creditors   listed   are   only   trade    creditors    ie   businesses   they    owe    money   to  .  It  excludes    bank  debt   ,   D.I.P.   financing   ,