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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 blackdogon Feb 02, 2024 12:29pm
130 Views
Post# 35859768

RE:Divvy: not sure what's expected but likely between 1&2 cent

RE:Divvy: not sure what's expected but likely between 1&2 cent We will see.

The balance sheet is the priority. Pay down debt, maintain cashflow, build a reserve.

Much as we all want to see a return of a dividend, and from there a return to the income trust model where the payout increases to 50% of free funds flow, the base for this will be the balance sheet.  At present it seems to be all that matters to any of the companies.

Some day soon this will happen. But it might not be now.  A penny or two per share dividend would be a great signal, but it the administrative cost of paying it might be better allocated to the balance sheet issue while we wait for prices to firm up so there is no question that this can be sustained.

The Dec presentation does not give us the numbers I need to firm up any prediction. I trust that Bonterra continue to under-promise and I hope that it over-delivers. This will be steady-as-she-goes progress. And it might be enough to fix the start of a return of the dividend.










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