Dino's Bar & Grill Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Dino's Bar & Grill

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Goose94 who wrote (11045)	2/12/2015 9:49:23 AM
From: Goose94	Read Replies (1) of 202293

(BXE-T) Two U.S. investors now own a more than a 10% share of Bellatrix Exploration. Bellatrix is best known for a series of recent management missteps including an unsuccessful equity offering and the unusual way it decided to finance a gas processing plant. BXE it has reduced its capital expenditure budget and cut by 8 per cent its annual production. Tuesday it was revealed that Seth Klarman, a value investor who founded the Boston investment manager Baupost Group, has purchased an 11.4-per-cent share of the company. That news that was filed as an alternative monthly report on SEDAR caused Bellatrix's share price to leap 50 cents to close Wednesday at $3.29. In its filing, Baupost said the securities were purchased in the "ordinary course of business for investment purposes only and not with the purpose of exercising control or direction over Bellatrix." Baupost may have bought its interest near the end of last year and is now making the necessary filings. Two months ago, Orange Capital's Daniel Lewis and Steven Pully were made directors after Orange accumulated 11.4 per cent of Bellatrix.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next