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 efficientmyasson Apr 16, 2020 11:57am

194 Views

Post# 30916704

Canadian banks to ease credit standards to energy sector

Obviously this is welcome new for the industry and for BNE in particular. perhaps this explains part of the pop at close yesterday. Thank god management prioritized bank debt reduction in 2019 and were able to reduce it by 11% yoy.

"Canadian banks are beginning to relax lending standards for energy firms struggling to operate with oil prices at half the level needed to cover costs, seeking to keep them afloat until the industry recovers from its deepest slump ever."

https://www.reuters.com/article/us-health-coronavirus-energy-lending/canadian-banks-ease-credit-rules-for-energy-companies-to-stave-off-defaults-bankruptcies-idUSKCN21Y1BD

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