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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Bonterra Energy Corp > Green when red across the board for energy. 24 year reserve!

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Comment by kavern23on Aug 30, 2021 10:50am

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Post# 33781362

RE:RE:RE:Green when red across the board for energy. 24 year reserve!

Well Gunner. How much debt do you think BNE needs to get down too to keep the bankers happy by Dec 31?

Today, a smaller Cardium company Petrus...did basically a recapitalization as they kept having trouble getting their debt faculty extended.

https://boereport.com/2021/08/30/petrus-resources-announces-transformative-transactions-to-reduce-debt-and-position-company-for-renewed-growth/

I do agree BNE will likely be doing something as look at the quarter interest costs BNE pays...doesnt take a genuis to see how sustainable this is long term...especially the debt the interest isnt paid in cash and the prinicipal keeps growing.

I would guess that the 12.7m in due to a related party on the balancesheet and the 7.6m promissary note...that they would be trying to get this converted into shares as a start.

Question is at what BNE share price.

BNE has to deleverage...doesnt take a genuis to see it. Look how strict the banks are....

GunnerG wrote: Could you be a little clearer as to what you mean is this statement. ALA?

"- my guess is they are very close to transacting and using their inflated share price to do it ala wcp. This should be a deleveraging event getting them under 2xdcf meaning they could instill that dividend sooner rather than later."

AlexPKeaton89 wrote:
lots of rumblings behind the scenes on bne which is probably why it has held in so well during this correction. Some names down 40-50% from the highs while bne off 20%. Very few sellers and tightly held - my guess is they are very close to transacting and using their inflated share price to do it ala wcp. This should be a deleveraging event getting them under 2xdcf meaning they could instill that dividend sooner rather than later.

First to market with a dividend for a company with a rich history in paying back shareholders - shareholders should also be rewarded with both the divy and an increased share price - attracting new investors with the increased liquidity. It's no secret that George has been aggressively hunting for a deal. With the share price holding around $5 and blood in the streets on other names, any deal done through shares should be very accretive for shareholders. If you don't believe oil is crashing and the saudis are just going to let all their hard work be for naught, I think this is one you want in your portfolio when oil rebounds.