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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 08, 2020 1:17pm
96 Views
Post# 30780646

RE:RE:Minimum realized price for cash flow neutral

RE:RE:Minimum realized price for cash flow neutral
Bennys65 wrote: Spoke with company yesterday.They have hedges in place,are fine tuning their  realized price by increasing net backs through how they blend  their oil.Adrian says the company is doing fine but like other s in the space not getting any recognition.After drilling in Willy Green they will move back to Rosecreek Carnwood area.I asked why we only were drilling one mile laterals at willy green vs the industry standard of erh wells.Adrian replied the geography of that area would only handle the shorter lateral.I think he said we drilled 6 wells with good results.


Hey Benny, hoping to circle back to this and see if you got a sense of how much they hedged and possibly when it was put on?  

It is going to get very ugly next week as Russia and KSA look like they are determined to put the final nails in Shales coffin.  Ultimately this is good for everyone else, but there are going to be a lot of casualties.  A $3x handle is going to print on Monday and it wouldn't surprise me if we see it trade into the low 20's before we get headed in the right direction.  

It is going to be very interesting to watch the differential over the next few weeks to see if anyone has been gaming the nomination system and has promised more barrels than they can deliver.  This is the environment where we will find out.

I suppose it's ironic, that in 2015 there was a lot of (misplaced as it turns out) hope that the recovery would be V-shaped.....and we got a long drawn out decline with plenty of fits and starts.  Now there is no hope or recovery in site.....so we may actually see that v-shaped recovery once the bottom is put in.

Strap in, it's going to be a very bumpy ride.  
Bullboard Posts