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.

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Bonterra Energy Corp > Once again

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Comment by baranjaon Nov 18, 2022 3:10pm

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Post# 35111346

RE:RE:Once again

I think I would realy prefer share buybacks. Unless it is 10% or 8% dividend,.. share buyback, due to this low share count, coud make big moves up. Just small dividend will not bring shareholders back.
I vote for buybacks.

bandit69 wrote:

SadieLadyCO wrote: BNE is still over sold compared to other OIL. Mainly because of the low float. Waiting, buy a $hit load more if it drops further. Oil will be back up and I still beleive that BNE has been under valued ALL year. May even be a buy out soon.

I don't know why you keep saying buyout but that's definitely the best way to go here. In the meantime, after reading the recent news relese again, I think they will pay a dividend pretty soon. If you read the last news release they state they will manage bank debt along with paying a dividend. Maybe a Christmas surprise if they can finally get the bank covenants off of our backs.

"With ongoing bank debt reduction, Bonterra aims to further strengthen the balance sheet and secure a financially flexible position free from capital allocation constraints, enabling the Company to advance its goal of returning capital to shareholders. Progress has been made regarding the re-constitution of Bonterra's banking syndicate and credit facility, which is scheduled to mature on November 30, 2022. The Company plans to provide an update when new banking arrangements have been finalized"

and

"Furthermore, the Company remains committed to further decreasing bank debt which supports its goal of restoring a shareholder returns-based business model focused on continued net debt repayment and sustainable dividends."

So, unless I am taking these comments too literally, it seems clear that they will not be paying off all debt or the bank debt before paying dividends. I missed these comments when I initially read them but the proof will be in the pudding anyway. If these comments are accurate then I see a dividend coming soon or an announcement at very least. We will know once the debt is renewed hopefully with some sane bankers and hopefully they will put all of the remainder debt on a term. With term debt and dividends the share price volatility will definitely smooth out and likely cause a reasonabe re-rating depending on the size of the dividend.