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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

Comment by Hendrick3on Oct 08, 2020 11:42am
89 Views
Post# 31686553

RE:RE:RE:RE:RE:Trading this week

RE:RE:RE:RE:RE:Trading this week

The difference between cash flow and funds flow is working capital changes which can be quite volatile hence most oil companies use funds flow as a key metric as it takes out the accounts receivable and payable fluctuations which are not really a great indicator of what the company is doing. Look at most E&P sector reports and that is the lead metric. 

You are right that 2020 has not ended. I meant the 4 quarters ended June 2020 and I did that to give BNE the benefit of the doubt because it's only this year they look weak. 

The original note I wrote here was a critique of BNE's metrics so this board seems relevant. My point still stands that BNE is not in great shape and while you shook your fist at the OBE offer you may find that was a grave mistake. Let's review those 3 q numbers when they come out. 

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