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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

Bullboard Posts
Post by Bennys65on Jul 28, 2018 4:30pm
132 Views
Post# 28381519

July 8 quarter 2

July 8 quarter 2Should be no suprises.We know average production for the quarter will be up.Hopefully in the high 13 as flush production for april was 14600.Even with difffs coming in and out and cdn dollar moving wti has been higher so our realized price will be better vs first quarter All good equais better results.My sense is the resuits have to be better than good with an upbeat forcast to move the shorts.So far we have drilled or are drilling 23 wells.Our outlook was for 31 for the year.We can drill a well in 7 days so not much of a stretch  that we can get 31 and done end of quarter 3 Company has already stated that increased cap ex would show up in quarter 4.my guess this will happen with wti at 60 plus.So the shorts will have to potentially look at incresed production guidence  in a rising oil price in the fourth quarter.That would mean greater debt reduction and aquicker debt cf metric allowing for a div increase.sooner than expected..We dont need higher oil prices we just need then to stay in the 65-70 range... .
Bullboard Posts