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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.


TSX:BNE - Post by User

Bonterra Energy Corp
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Comment by Cimeroneon Jan 25, 2016 11:21am
231 Views
Post# 24490447

RE:Another dividend cut coming?

RE:Another dividend cut coming?
DosCervezas wrote: https://seekingalpha.com/article/3779486-bonterra-energy-slashes-its-dividend-by-33-percent-expect-another-dividend-cut-in-2016


That's encouraging, and it shows that Bonterra is getting its ducks in a row and its priorities aligned with the shareholders interests. As the current oil and gas prices are pretty low, it doesn't really make a lot of sense to continue to invest all the available operating cash flow in increasing the production rate only to see your reserves dwindle -- even though you're selling the oil and gas at bottom prices. It's especially a bad idea if you're running a company with dividend commitments to your shareholders, as well as a rather sizable net debt position on your balance sheet.

Any surprise here?

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