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.

TSX:BNE - Post by User

Bonterra Energy Corp

Bullboard Posts

Comment by puma1on Nov 08, 2018 1:46pm

169 Views

Post# 28945229

RE:I believe many canadian oil companies will

go look at this link i had posted and you will answer your own question.

the chart goes from 2014 and for the first 4.5 years or so from 2014 to July 1st 2018 - some 4.5 years, the discount on this light CDN is about $7 or so.

in July the discount drops back to an April low of $9.50

in August it the differential starts blowing out and in 1 month doubles to $19 plus - lowest ever in 5 years.

in September it almost doubles again to $36 .

so we have the differential blow out to 5 TIMES the 55 month moving average in a period of 2 months. Can't hold

below is the chart link again ------- saying the above is one thing, seeing the chart will blow you away.

https://www.tradingview.com/chart/?symbol=NYMEX%3AICL1%21