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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

Comment by AlexPKeaton89on Apr 18, 2021 4:10pm
162 Views
Post# 33019449

RE:RE:GXE CJ BNE JOY and LTO

RE:RE:GXE CJ BNE JOY and LTOI agree - it would be interesting to hear these views with a little more detail from your broker. GXE is obviously under accumulation. Nearly half the float has traded hands in the last 2 months and yet the stock remails flat no matter the market fluctations. The other names mentioned here can jump 10% in a day depending on which way the wind is blowing. 3 big catalysts coming up for GXE in the next 3-4 weeks 1) Debentures need to be converted by Arpil 23rd - this coming Friday and then it is closed on April 26th. You'd have to be fool not to convert at 32c. My guess is we will see a pop when this is done as those who wanted to convert and sell into the market have had the ability at 49-51c since the announcement. Once this is done, the selling should dry up so the buying only has one way to go. 2) Q1 is being released on May 5th. This has become a 'show me' stock and Q1 is going to have the numbers is plain black and white. It will also be telling as to how where they sit with their bank line and how they are going to be the only player out there nearly debt free at year end. Companies like BNE must be looking for a GXE type to boost their profile and deleverage the company. 3) We know Eric Nuttall is accumumating 'I bought a bunch of Gear'. He is going to speak about Gear on his next BNN appearance and I wouldn't be surprised to it a top pick. These three cataylsts and tailwinds in the oil sector should put GXE in the 75c range if not higher with momentum. I also wouldn't be surprised to see GXE doing a small deal to increases their PDP. Maybe up their exposure to light oil to offset the heavy oil unbalance.

I also think people are underestimating BNE's ability to make a deal in this environment. Just because they didn't want a hostile bid from OBE doesn't meant they are not looking for a deleveraging event themselves. George is 81 years old and I believe would be very open to a deal that he believes is good for shareholders of which is the largest one. There are some private cardium companies with low debt that could use merging with BNE the opportunity to have a liquidity event while getting a public listing. This in turn would delverage BNE and bring it back to premium status and premium share price. Think Ridgeback or Westbrick. A merger with either of these companies would turn Bonterra into a premier company overnight. There will be a lot more deals in this sector in the coming weeks and months. Going it alone when the premium lies with consolidation makes little sense. 
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