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 efficientmyasson Dec 20, 2018 7:33pm

31 Views

Post# 29143856

RE:RE:RE:RE:RE:RE:RE:RE:RE:Any Speculation What Kind of Capex Budget these guys run?

"Food for thought about how cheap this equity really is..,, about 27-30% of NAV given that consideration. "

which is why they should be buying back the stock now that they've cut the dividend. shrink both debt and equity with FCF.

buy back 2.5 million shares now, while the blood in the streets is ankle deep. Next year, if the stock is still under $10 and their realized price/BOE is the same or better, do the same thing. If the stock is too expensive, increase the dividend a little instead.

Do an issue sometime down the road when the cycle has turned and sentiment towards the sector has improved.