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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 Jun 04, 2019 1:30pm
82 Views
Post# 29797562

RE:You gotta love the market

RE:You gotta love the marketAgree with your points but reality is ROI has evaporated and no one willing to touch something when burnt so often and no path to revert. 5+ years energy bear market and Canadian qualms and politics only compounding that. You pay for what you get. Now we aint getting paid and others whom invested years ago lets not even talk about. BNE if had comfort on no further differential blowout and that no more bank line cuts would be able to revert to 10 cents a month div but the risk is too high still as factors beyond their control. What was in their control was raising capital in better times, hedging at better days and cutting div even long ago to now be cash rich to go on strategic spending spree; that unfortunately did not happen as didnt for many others whom would have never thought at this juncture 5 years later while rest of world market on continued bull run across pretty much every asset class. If BNE reinstated div tomorrow to 10 cents stock would revert but then you better have huge conviction and cojones no negative catalysts looming. All takes is one year oil at triple digits and half of debt can be evaporated but question these days is not when but even if ever. I remain optimist eventually will be good times but has been painful even with averaging down. I really do hope BNE rewards us big time when time comes.
Bullboard Posts