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 CashGreenGoldon May 01, 2019 11:10am

48 Views

Post# 29694893

RE:RE:Support around the $6.20 mark

$63 oil ...and $6.30's , again. This is getting nauseating.

We're at the same prices as Christmas with $43 oil and a few dollar wider EDM spread.

Absurdity is being polite Joseph. haha i can't beleive this is where we are - I wouldn't have believed it at Xmas if you told me oil was going to be back to $63, a sub 5 diff on May 1... and BNE still in the 6's. Not moving.

Incredible.

I'd love to beleive we are done with the 6's. But for all i know, we could very well be trading at $3 with 60+ oil, as it makes about as much sense as this price.

I would actually not be surprised to see us back into the 5's, if oil continues down to touch 60 in the next week or so. Will anyone care about earnings? I'm not sure. We could shrug it right off just like we've been doing with WTI moves.

I think the only thing that can't be shrugged off here is TMP news and/or dividend raises. Thus we are bound by time here, on BNE's deleveraging trajectory.

Really hoping that we get some positive PR item from mgmt to throw us bone in q1, but not really counting on it. Even some disucssion of a potential div. reinstatment timeline would be really helpful.