Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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

Comment by Hendrick3on Nov 23, 2022 5:38pm
133 Views
Post# 35123439

RE:Anticipating Banking Renewal

RE:Anticipating Banking RenewalLots of options and I agree it will be interesting. One big issue is that they have a significant sum of money that they borrowed from the government at very preferential rates. You might recall that OBE tried to buy them before they signed that deal so as to maintain the freedom to pay dividends or do share buy backs. Both of these are prohibited under the government loan. The offset to that is it is very cheap financing. I believe they have it for 5 years so some decisions need to be made. Freedom for much higher interest rates. I don't know if there is any middle ground on this trade off but if they are not where they need to be on debt repayment, they can keep the government loan without any ROC plan. I believe the debt could stay outstanding for 5 years. My guess is that we are still 9-12 months away from them paying off the debt so we may have to wait on ROC plan for up to a year. I don't want them paying out Capital until their balance sheet is pristine so I would be good with that. 
<< Previous
Bullboard Posts
Next >>