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

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

GREY:BXEFF - Post Discussion

Bellatrix Exploration Ltd (Canada) > Subject to Court Approval
View:
Post by RichyRich$ on Apr 24, 2020 6:53am

Subject to Court Approval

The transaction is subject to court approval. Any chance the courts won't approve it as a negligent option?
Comment by mjhayman on Apr 24, 2020 9:10am
No
Comment by RichyRich$ on Apr 24, 2020 4:35pm
Penny showed there was a 25% shareholder. Would he have any power to manipulate the courts to refuse the sale? I remember the last Investor Presentation they said their plant facility alone was worth $500 Million. The book value was 15 X higher. Then all of a sudden Bellatrix drops the book value to a fraction after the CCAA. Can we do a class action lawsuit about Bellatrix reporting a false book ...more  
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