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

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Comment by CashGreenGoldon Jul 24, 2018 9:35am

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Post# 28357917

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:short interest plummets by 5000 shares to 2,192,000... yawn

additionally, George's market vallue on his loan is 12 million.

The market value for the short position here is 36-40 million, depedning where you want to say it was initiated on avergae price. I have worked that back to be in the low to mid 16's. So this is far more than just George, if he was hedging his whole 12mm face.

But regardless, even if George was in fact hedging his debt through equity, the position timing doesn't line up with the loan inception vs the huge % age jumps in SI. The short position used to be only approx 15-20% of that at the beginning of 2017. Gf's loan has been on the books for a few years now.

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