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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 Tim14235on Mar 03, 2021 2:55pm
90 Views
Post# 32706999

RE:RE:Quite the volume over here

RE:RE:Quite the volume over hereAt least it would be an exit....

The ARO is coming down hard with SRP grants.  And much of it is infrastructure plants, and pipes that are not going anywhere anytime soon.  ARO does not preclude you from paying a div unlike debt.  OBE is also compensating for the excess ARO.  Look at FFO and production and we are contributing the lion share.  We also bring Willesgreen inventory to the table which is greatly more economic that Pembina

As for the mgmt team, the circular clearly states that OBE with engagement was prepared to pick the best of the best from both companies for the new management team, explicity exluding Fink (who is 80) and Steve Loukas (lacks experience in O&G)


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