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

Post by sportstermathewon Sep 13, 2019 9:13pm

66 Views

Post# 30126028

Good article in Globe and mail today

Here is part of it...

TIM SHUFELTINVESTMENT REPORTER

PUBLISHED SEPTEMBER 13, 2019

For years, the U.S. oil and gas industry remained resilient even as its Canadian counterpart fell out of favour with investors and global energy giants fled the country. But now, high fliers in the U.S. oil industry have succumbed to a bear-market playbook well known in Canada.

Market sentiment has turned against the sector, bankruptcies have jumped, drilling is in sharp decline and exploration and production (E&P) stocks have crumbled, all despite a 20-per-cent rise in U.S. crude prices so far this year.

The U.S. shale revolution is in turmoil. Investors have grown intolerant of unrestrained production by companies that favour growth over profitability, fuelled by a constant influx of capital.

In a world awash in oil supply, investors are increasingly demanding something else of U.S. energy companies – rising profit margins, shareholder payouts and cautious growth.

see the rest on their site