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Mar 29, 2019 · CALGARY - Shares in Bellatrix Exploration Ltd. fell by as much as 35 per cent Friday after it proposed a deal that would leave its existing shareholders with just 16.5 per cent of the company.
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.
May 11, 2021 · In June of 2020, Spartan Delta (OTCPK:DALXF) acquired the Bellatrix assets from its creditors for CAD$88 million in addition to assuming approximately CAD$21 million of Bellatrix liabilities.
Dec 11, 2018 · Bellatrix ( BXE) Q3 earnings confirm that high costs and the high level of debt remain important issues. Thus, management converted a part of the debt to equity, diluting shareholders. Also,...
Jul 18, 2017 · A full account of its net asset value, before-tax, is given as in Fig. 17, including items of PDP, 1P and 2P reserves, undeveloped land, and ownership of seismic data, net of debt.
Bellatrix says the transactions — which are subject to approval by debtholders and court and regulatory authorities — would reduce its total outstanding debt by about $110 million to about $328 million and reduce annual interest payments by over $12 million.
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Oct 28, 2019 · This would likely leave its common stock with no value, as a 5.0x multiple would value the company at around $58 million less than its debt. Bellatrix's proved developed producing reserve value...
