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.

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Bonterra Energy Corp > Someday

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Comment by sclardaon Oct 01, 2022 1:25am

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Post# 34999040

RE:RE:RE:RE:RE:Someday

TheRexmember wrote

LOL. Is Bandit posting the same Whining comments - over and over?

I blocked him quite a while ago. As if putting out a press release will have any impact in this market.

Debt dropped 100 million from June 30 2021 to June 30, 2022. Production is back to pre covid highs. We are set up for an awesome winter.

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Yes the only place for that fool is on ignore.

As for BNE they have reduced a lot of debt. Now that we are at the end of the third quarter they should be able to pay off another $30 million plus this quarter. Debt should now be down to aprox. $180 million and should be under $150 million by the end of this year if oil prices hold at these levels or higher. In one and a half years they will have payed down over $150 million in debt. As debt comes down so does interest payments which makes debt drop even faster.
The debt has been holding back BNE as investors want low debt companies that can pay nice dividends. Something BNE will soon be.

As an example CJ a stock which i own currently has a shareprice of $ 7.10 At current oil prices each CJ share generates aprox. $1.10 in Free Cashflow per year. BNEs shareprice currently sits at $6.82. At current oil prices each BNE share generates aprox. $3.30 in Free Cashflow per year. Why is BNEs shareprice less than CJs when each BNE share generates aprox. 3 times the Free Cashflow of each CJ share? Because BNE which is quite a bit smaller producer than CJ had over $210 million in debt at the end of the first half while CJ has $62 million and now pays a nice 6 cent monthly dividend for an over 10% yield. As BNEs debt gets payed down to a resonable level and they start paying a nice dividend all things being equal BNEs shareprice should be at 3 times the current level.

BNE had two much debt for its size from the large acquisition many years ago. It then suffered from years of low oil prices. Its been a long wait for many investors in this stock but there is light at the end of the tunnel which the market does not appear to be noticing yet. If oil prices hold next year and the years after should finally be very good ones for BNE and its shareholders of which i will soon likely be one.

Good luck to all even the whiner.