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 > Debt level

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Comment by bandit69on Oct 04, 2022 11:43am

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Post# 35004187

RE:RE:Debt level

churchofnutsacc wrote:

Yes, debt was a problem over the past decade. Bonterra, like a lot of other E&Ps, were financing unsustainable dividend programs via debt while waiting for a recovery in oil prices that never materialized. A lot of that debt is only being paid back now.

Yes! you are 100% exactly right regardless of what's said here to the contrary. I've followed the financials of many of the mid small caps for years and wrote about this very topic many times over the years including on BNE. You're bang on with your analysis.

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