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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 Pkarabatsoson Dec 07, 2018 4:29pm
61 Views
Post# 29084875

RE:RE:RE:If the markets Really Tank, I mean like 2008 Tank,

RE:RE:RE:If the markets Really Tank, I mean like 2008 Tank, The 2019 plan will be issued in January for BNE which is not that far away. Since div cut from last week Alberta has curtailed and now OPEC as well. Now while that will take time to work through the excess storage and inventory glut the sentiments are positive and likely not factored in BNE’s calculus of cutting div; they conservatively planned for worst and assumed ongoing wide spread would imagine. Yes past couple months damage will take some time to recoup but I cannot fathom div will remain at one cent for a year if recent cut announcements work through market in 2019, that I highly doubt. 
Bullboard Posts