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The Court dismissed the appeal on the grounds that it was moot, as Bellatrix’s assets had been sold to a third party and the priority to the funds held back from that transaction had already been decided by another judge in the CCAA proceedings, leaving no funds for any potential distribution to BP.
Bellatrix Exploration Ltd. (NYSE: BXE; TO: BXE) closed the asset sale and joint venture with the Canadian subsidiaries of Daewoo International Corp. and Devonian Natural Resources Private Equity Fund, the company announced on Sept. 2.
Jun 23, 2022 · The Transaction is the result of Bellatrix's efforts to maximize additional value for the benefit of its stakeholders, following the sale transaction completed by Bellatrix in June 2020...
Under the terms of the associated agreements, Bellatrix sold, effective July 1, 2013, to the Canadian subsidiaries of Daewoo and Devonian an aggregate 50% of the Company’s working interest share of its producing assets, an operated compressor station and gathering system and related land acreage in the Baptiste area of West Central Alberta (the ...
Jul 25, 2017 · Historically, Bellatrix raised capital through the issuance of share capital, convertible debentures, senior notes and bank borrowings to fund its operations including asset acquisition.
Jul 18, 2017 · As of 1Q 2017, the debt of Bellatrix was well covered by equity, with a debt to capital ratio of 0.3. The company has been actively reducing its debt level since 2016 (Fig. 20).
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Feb 10, 2016 · Bellatrix stock, which was selling for about $7.75 when Orange initially revealed its stake in August 2014, closed at less than one-fifth of that price — $1.37 — on Tuesday.
