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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 Resilience2on Feb 08, 2024 11:53am
112 Views
Post# 35870149

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

RE:RE:RE:RE:Divvy: not sure what's expected but likely between 1&2 cent Maybe growth per se is not a priority but improving Capital Efficiencies is.

Maybe there is a scenario where they drop some Cardium capex and deploy it somewhere else making better payback (say Montney or Belly River). 

Montney is adding value and cuts paybacks half cycle to ~6 months instead off ~ a year. Plus it is an asset they could monetize if proven up.

Building a better portfolio of higher capital efficient drill runway gives lot's of options (say $ 12 - $ 14k vs $ 30 k Cardium) and will make the company more valuable at low costs.

Also buying or merging Cardium will not be accretive now at the share price levels.

So you gotta stay flexible and find other opportunities. Certainly at these gas prices. 

R. 


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