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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 Mar 03, 2021 7:36pm
70 Views
Post# 32711448

RE:RE:RE:RE:RE:Quite the volume over here

RE:RE:RE:RE:RE:Quite the volume over hereHow would they be giving up their income if they take over some of the executive suites? I thought we were looking for a new CEO as well. You could offer a heck of a premium on their shares and still come out much less leveraged and diluted than with BNE. In addition management holds less than20% of the company from my recollection. There is a large holding by an insider but possibly they would like to be a big player in a Cardium champion. They are doing great things in Willesden green and seem to have great technical people. They are only half of Bonterra's size but they are free cash flowing more than Bonterra. It just seems a shame to chase a bloated entity who wants nothing to do with us when there are streamlined best in class outfits who could bring their technical expertise to a merger and gain in the upside that is clearly available to OBE. 
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