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 > Valuation should be much higher

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Post by Hendrick3on Dec 15, 2022 5:03pm

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Post# 35174403

Valuation should be much higher

I look at FFO per share price relative to share price to determine undervalued assets. Two names stand out as hugely undervalued relative to the sector. Ygr will have $2 FFO per share on a share price of $2.75. BNE will have FFO of about $5.25 per share on a share price of $6.80. Both below 1.5 FFO. Have a look at Cardinal with FFO of $2.50 on a share of $7.35 or ATH at about 60 cents on a share price of $2.40. Ultimately the divergences will come together so my top 2 picks right now are BNE and YGR. They should really take off in 2023.

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