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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 CashGreenGoldon Jul 20, 2019 11:03am
70 Views
Post# 29942752

RE:RE:RE:WTI and BNE stock price.

RE:RE:RE:WTI and BNE stock price.Sclarda, what matters is the div payout ratio. All yields are not equal. 

the other high yielders you are comparing to (VET, WCP..) have far higher payout ratios at those levels.

For BNE to reach an 8% yield for example, like WCP, it is only 13.7mm per year, or at current FFO, about 12%.

WCP’s 8% yield is over 25% of FFO. BNE would support a 16% yield at the same payout ratio as WCP. BNE is focused on debt reduction, but if were to assume equal leverage for this example purpose, obviously benchmarking one vs the other simply on headline yield is not a good strategy. 

as is often the case, there is more to it than just saying “company x has x yield” and making a surface leve comparison. 

As for the market being stupid... just take one look at a TCK -b 10 year chart and tel me with a straight face that it reflects an efficient, rational market. The folks I bought my shares from in late 2015/early 2016 would be the first ones to agree. 

if you really believe these claims you make, then what on Earth are you doing on an individual stock investing board? Shouldn’t you be over in CD’s and index funds, since following individual stocks is clearly a fools errand? 


Bullboard Posts