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Bonterra Energy Corp T.BNE

Alternate Symbol(s):  BNEFF

Bonterra Energy Corp. is a Canada-based conventional oil and gas company with operations in Alberta, Saskatchewan, and British Columbia. The Company operates through development and production of oil and natural gas in the Western Canadian Sedimentary Basin segment. Its operating areas include Pembina Cardium and other areas, which include Saskatchewan and Northeast British Columbia. The Company is focused on the development of the Pembina and Willesden Green Cardium lands within central Alberta. It has Shaunavon properties in the Chambery field, which produce medium density crude oil from the upper Shaunavon formation under waterflood. It also has assets in the Prespatou area of northeast British Columbia, which consists almost entirely of natural gas and associated natural gas liquids. It also has an undeveloped Charlie Lake asset that is prospective for light oil in Bonanza, Alberta. The Company has over 116 net sections of contiguous land in the light oil prone Charlie Lake.


TSX:BNE - Post by User

Bullboard Posts
Comment by saintpeeteron Jan 23, 2020 9:13pm
90 Views
Post# 30591813

RE:RE:I've come to the conclusion that for the most part

RE:RE:I've come to the conclusion that for the most partYes, as many noted - the market is well supplied, and even the missile strike in Saudi Aramco was shrugged off because it didn't disrupt global supply - how could it? There are so many producers who want to produce. USA is now a net exporter.

 Some combination of economic and/or political events could bring the price of oil up again but it is unlikely.

Canada's main problem is the weak dollar and bad government policies. Once Canada had a good energy policy from a wise government and the US had a anti-energy government. Now it is the opposite. The only hope for Canadian energy in this global economy is that the politics once again turns in our favour - where we get a pro-energy Canadian government and an anti-energy US government. Policy matters a lot these days - it is the deciding factor between a booming economy (US) and a dysfunctional depressed one (Canada)
Bullboard Posts