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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 TheRexmemberon Feb 28, 2022 7:58pm
214 Views
Post# 34469544

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

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

PNE - just thru that idea out there because George Fink founded both companies and is a major shareholder in both. Many have likely suggested it before. 

Surge deleveraged their balance sheet by buying debt free companies for stock. 


PNE probably has about 20 -25 million in net debt by end Q1, will do about 100 to 125 million in cash flow this year and only needs to spend 25 million to keep production flat. So a merger would improve debt metrics immediately and speed up de leveraging. 

Both are fairly closely held (even with 330 Million shares) so it would improve liquidity for both shareholder groups.

decline rates are top tier for both

ARO obligations are significant for both.

I like both of them, agree oily stocks look better for now but a merger would strengthen both. 



 

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