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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 TheRexmemberon Jul 10, 2022 7:35pm
257 Views
Post# 34814179

Just a question of the date

Just a question of the date

A price crash, followed by the pipeline bottlenecks disaster, made worse by Transcanada's idiotic construction schedule destroying nat gas prices, followed by 2 years of a pandemic. It reads like a bad novel.

We finally come out of that and general market sentiment hits the toilet.

that is a lot of negative news baked in the last few years.

BNE production is up to near long term numbers, there has been zero dilution, debt is dropping like a rock to below pre pandemic numbers and oil prices are still over 100.00 

we just had an interim update that forecast a paid off bank line by November- in March they thought we would still owe 80 million on it exiting 2022. 

Management is getting it done, we are on plan for a big ROC as soon as it's practical. Like the bandit says, it would be nice to hear them discuss it- but that has not been their way of doing business. 

 

 

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