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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 bandit69on May 13, 2022 3:09pm
153 Views
Post# 34682587

Well Under Control

Well Under ControlOil up - check
markets up - check
financials looking good - check
share price weak X can't hold the 50DMA now.

The games the puppetmasters play.  I've been watching trading closely lately.  This am it looked like BNE was winding up and it can move fast due to illiquidity then all of a sudden an iceberg showed up at $11.30 of 35K shares.  That turned things in the wrong direction in the day and it hasn't recovered.  See how the EOD goes but it looks weak especially sitting below the 50day.  

As I've mentioned in past this should be double right now even without the dividend.  But when the world is returning capital to shareholders and BNE isn't, it's likely to be expected.  Maybe they'll lay out a plan at the AGM.


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