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Bonterra Energy Corp T.BNE

Alternate Symbol(s):  BNEFF

Energy Oil & Gas E&P
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

Bonterra Energy Corp > Please Help Me Understand This
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Comment by JayBankson May 12, 2022 3:06pm
94 Views
Post# 34678941

RE:Please Help Me Understand This

RE:Please Help Me Understand This

churchofnutsacc wrote: Bonterra generated $14.9 of FFO for Q1 at an average price $110.41 per bbl.

But they are claiming they will generate $100m FFO for the remaining 3Qs if oil averages $70?

How does this make sense? Can somebody please explain to me? 

 

The numbers do look weird, but it might have something to do with them loading up on capex in the first quarter to drill several new wells that should contribute to the future quarters. I believe they spent a large amount of planned capex for the year in the first quarter. That still doesn't make the numbers work, but it's a contributor.

Someone else might have more insight...

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