Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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
Comment by BMWINon Aug 11, 2018 12:49pm
105 Views
Post# 28444781

RE:RE:RE:Solid Beat

RE:RE:RE:Solid BeatThe following is from their q2 2018 report:

"Net debt is a combination of long-term bank debt and working capital. Net debt for June 30, 2018 decreased by $40,347,000 from June 30, 2017 primarily due to the $52,000,000 received for the GORR transaction in the fourth quarter of 2017 and increased cash flow from higher commodity prices partially offset by higher capital spending in the first quarter. Quarter over quarter net debt decreased by $8,142,000 due to increased cash flow from increased production and commodity prices and less capital spending compared to Q1 2018. Working capital is calculated as current liabilities less current assets.

The Company finances its working capital deficiency using cash flow from operations, its long-term bank facility, share issuances, option exercises, sale of noncore assets and investments and adjustments of dividend payments. Included in the working capital deficiency at June 30, 2018 is $22,000,000 million of debt relating to the subordinated promissory note and the amount due to a related party."
Bullboard Posts