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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

Post by churchofnutsaccon Mar 10, 2022 12:26pm
288 Views
Post# 34503438

$37.6 million FFF in Q4

$37.6 million FFF in Q4 Net debt of $267 million was $5 million less than stated December guidance of $272 million.

Q1 and Q2 should be even better, hedges dramitcally fall off in Q4. Strip is holding steady above $100.

It appears that not just the BDC debt, but also the bank debt, prevents the company from paying dividends. Debt really isn't a concern with the expected price of oil for the next 2-3 years - cost of production and reserves are what's important and of course a shareholder friendly float.

I will continue to average up on my $5.00 shares.
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