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 Flush11on Oct 05, 2022 5:42pm

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Post# 35007900

RE:RE:RE:Debt level

piles of cash and no debt is just brutally bad business. What are you looking for - a bond return? We need a reasonable amount of debt so when we earn a massive return on drilling we don't dilute the cr@p out of the earnings by having too many shares outstanding.

This company SHOULD be run with about 150 to 200 million in debt depending on the covenants required. Dropping to zero is idiotic.

paying 6- 8% interest rates when the IRR on their drilling is 200% at 90 dollar oil?

get a grip.

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