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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 8:55pm
75 Views
Post# 28520014

RE:RE:Clear Sailing

RE:RE:Clear SailingThanks Bandit.I try and keep things simple but often miss the mark.Like you I am here now and in the past for the divs and the potential for above average increases.In the past and I hope the future the company allways has followed the div payout ratio to trigger an increase.When it hit the mid 50 area up it went which is why i used that example.So what is going on the ratio is now at 27% and nothing.The simple answer is the debt is still too high.Now I think the board appointment is a big deal.Company played it down but this is abig change and I hope points to some serious moves.On the back of the strength of the quality and running room of rose creek there is in my opinion a chance for the company to pull some levers which would see everything go up and debt down.I think the new board member is a big part of that discussion This is speculation on my part.With oil in the 65-75 range and the above mentioned plans being put in place a doubling of the div in 12 months in not out of the question.That means anyone buying today would be locking in allmost 12%.Somehing is driving the price and we know thanks to efficient that its not the shorts covering or us being pulled along by a red hot cdn oil market.
Bullboard Posts