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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) > Anyone Buying RTN?
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Post by mjhayman on Apr 27, 2020 12:11pm

Anyone Buying RTN?

Penny I know your not bullish on O&G but say RTN cuts down workforce and maybe shuts in its oil production is it cheap enough at current market cap vs cash on hand/assets, or is the whole sector garbage? I appreciate any DD on your part, if your the least bit curious. Looks to be getting some volume today, CEO was a big buyer at .01.
Comment by pennydredful on Apr 27, 2020 5:03pm
Yes    CEO   ,other  insiders   and  friends  bot  25M$$$   at   .01  with   a  full  Wt.   at  .01  .  It   was   oversubscibed   as   people  made  money  on  their   past   Spartan   ...more  
Comment by ppp on Apr 28, 2020 4:40pm
Geez this deal looks to good to be true!!  for the old Spartan crew. I hitched a ride to their wagon last time. Don't see why not again. IMO this won't be the last company they get in CCAA. GLTA
Comment by RichyRich$ on Apr 29, 2020 2:50am
Ppp... yeah... good luck to all... except for us that got wiped out by Bellatrix. You guys that are getting excited, didn't invest enough in Bellatrix. I'll make most of it back through bankruptcy. It was all borrowed money I spent on BXE shares. I'll screw the banks just like they screwed us here.