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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 efficientmyasson Mar 04, 2019 9:50am
58 Views
Post# 29437584

RE:RE:Enbridge Line 3

RE:RE:Enbridge Line 3The light oil differential quoted (though it isn't really a quote) on the CME website for July has been in the double digits for months……and the numbers quoted are mostly irrelevant beyond April.  Any producer working with 3rd party shippers (this is how Bonterra operates) only forecasts out a month ahead (The April diff just printed at $3.76 FWIW).  Canadian E&P stocks were not priced for line 3 to be in-service on time and valuations are already extremely compressed, so an 8-12 month delay is not a big deal IMO.  Furthermore, Enbridge now has a firm schedule for all remaining state and federal permits which should be what investors are focusing on.  It will be interesting to see how the market reacts…..stocks/sectors don’t make tops on bad news or bottoms on good news.  If the E&Ps don’t sell off on this news, it is a positive sign IMO.    

Bullboard Posts