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.

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Comment by kavern23on Mar 29, 2021 9:22pm

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Post# 32903720

RE:RE:RE:Hour left

My final answer is this deal doesnt happen. And OBE and BNE remain seperate.

Also here is the stock watch mention today..copy and paste....

mid all the kerfuffle, Obsidian opted to let one piece of news lie low: the expiry of its hostile takeover bid for Bonterra Energy Corp. (BNE: $3.95). Obsidian announced last August that it wanted to buy Bonterra at a ratio of two Obsidian shares for each Bonterra share. Bonterra's board showed no interest in this -- little wonder, considering that Obsidian's offer represented a 30-per-cent discount to Bonterra's actual trading price at the time -- so Obsidian took the offer straight to shareholders. They seemed to show no interest either. Despite Obsidian's repeated exhortations to shareholders in nearly every press release, Bonterra gloated in late January that fewer than 1 per cent of its shares had been tendered to the bid.

Interestingly, this month, Bonterra's stock has taken a dive while Obsidian's stock has held stable, such that Obsidian's offer now represents a slight premium. Yet today's announcements from Obsidian were free of their usual pitches of woo. The offer expired at 5 p.m. local time in Calgary. As of this writing, there has been no update, whether another extension or (against all odds) a successful tender result. Continued silence would presumably mean that Obsidian has quietly given up.