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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
Comment by Bennys65on Aug 26, 2018 6:39am
97 Views
Post# 28518323

RE:Clear Sailing

RE:Clear SailingI agree but not for the same reasons Bandit.Went to third quarter 2013 to compare bne to today.Why?They had just raised their div to .29 per month.So,price of wti was either side of 95 us vs either side of 65 today.Projected cap ex 120 vs presently 75.Cost per well 2.7 vs 1.8.Earnings per share .63 vs .27.Payout ratio to funds flow 56% vs 27%.Projected production mid 12 vs mid 13.Share count almost the same.We had just did a small bought deal of 500,000plus for 49.85.Company said this was done to allow for a larger capital program and to keep debt to funds flow in line.Debt to funds flow 1-1.14 vs end of 2018 2.1 -2.5.It doesnt take much to project what this company will be doing when debt comes into line.What I find interesting is that we are now in the twentys without the benefit of short covering or a rising tide lift all boats effect.Next six months will be interesting
Bullboard Posts