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 > BNE news release - recommends to not accept (obviously)

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Comment by Tim14235on Jan 20, 2021 9:01am

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Post# 32332174

RE:BNE news release - recommends to not accept (obviously)

Why exactly would you hold this or buy this? You took a loan to grow production. Not very popular, nor rewarded. No dividend allowed until that is paid back. This will be a zombie for a long time. Disappointing to see no other strategic options come out from this process. And good luck trying to exit if you have a large position.

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