Bellatrix agrees to sell 50% stake in Alberta assets

Bellatrix Exploration (BXE +5.3%) enters a joint venture deal under which it will sell a 50% working interest in certain Alberta assets to Daewoo International and Devonian Natural Resources for C$52.5M.

BXE plans to use proceeds from the sale to reduce debt and ultimately direct them to the continued development of its Cardium and Mannville asset base.

Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs