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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

Post by kavern23on Sep 26, 2023 2:05am
235 Views
Post# 35653841

Size

SizeCrazy to think how size matters so much right now. First it was OBE signalling have to get to 50k now BNE with wanting to be over 20k.  
I have too agree with them, in this market the large instutions want bigger companies and stock market value show this.

IMO the easiest way for BNE to create value isnt a dividend it would be if they can get a merger done at a fair price, just being bigger will give a better mutiple.

BNE market cap is 271m...look at surge and cardinals...both over 20k boe.
If Bne was a 23,000-24,000 boe company wouldnt the market it take it too at least 800m market cap.

But one of the true advantages if they can get to 20k plus from a buy is could just run a 120m 1 rig capital budget for combined 20k company...to maintain production and then have ability to throw 60m at montny if desired.
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