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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 bandit69on Jul 13, 2022 1:06pm
110 Views
Post# 34821266

RE:RE:RE:RE:OIL shorters are working overtime

RE:RE:RE:RE:OIL shorters are working overtimeI don't dispute the demand report today. However I think it is common to see a build after July 4 because retailers replenish inventory prior to the holiday weekend and would cause a subsequent build up post holiday. I will wait to see the next week or two before I make conclusions. Wherever I go I am seeing heavy traffic and no signs of people slowing down speed wise or driving. Maybe not long distance though. Not sure on that. But airports are also jammed. Aside from that, specifically to BNE, even at $70 and $80 wti they're spewing cash and BNE is severely undervalued even if oil drops further. The marketcap is only $271MM. Pathetic really. With such good reserves it's hard to fathom. And to add, crushing oil won't do anything for confidence to spend more on capex anywhere further exacerbating future production shortages. All in my opinion.
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