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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 > with a float this tight charts and prebid etc mean zero
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Comment by GunnerGon Feb 23, 2022 9:51am
146 Views
Post# 34453417

RE:RE:RE:RE:RE:with a float this tight charts and prebid etc mean zero

RE:RE:RE:RE:RE:with a float this tight charts and prebid etc mean zeroPNE?


TheRexmember wrote:

That is more or less my position.

I think we need to pay down debt by about 100 million asap while maintaining production. We are currently paying it down, or accumulating cash anyway, at roughly 10 million a month at anything near current prices. 

By July or August net debt should be down roughly 80 million from year end. 

at that time, a simple announcement that they intend to return to a dividend model by X date - say October 15th at an initial quarterly rate of 10 cents - would suffice fo me. Follow that with an increase every quarter as debt continues to fall. If they raise the divvy by a nickel every 3  months until we hit a dollar annually, We would still cut debt in half by june 30th 2023 probably sooner.

they can dip into the revolving line to pay off BDC in September and have the bank line paid back down to the same level roughly by Christmas. 

or merge with PNE and take their awesome decline rate, 75 million plus in free cash flow this year and deleverage even faster. 

we need to lower debt but we have a lot more options with our current production level and high oil prices. I suspect industry is going to move to .5x cash flow as a ceiling for debt going forward with lots going for net debt free to avoid lender drama. We don't need to do it all at once. 



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