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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 kavern23on Feb 13, 2023 8:22pm
625 Views
Post# 35284242

Update

UpdateRex, like other companies Bonterra will suffer with lower NG Aeco prices compared to budget guidance.  Won't FCF 45m with 2.50 AECO a gig versus budget of 4.07. Hopefully oil prices help these companies too offset Ng but even oil is going to face some of same pressures...warm winter isnt great for heating oil demand.  Been ideal weather too complete and tie in wells everywhere In north america majority of the time.

I think any NG at 2.80 or higher would be a bonus right now, fundmanetals are really rough on storage.

I wonder if OBE would sell BNe their Pembina stuff.  OBE pembina stuff would have drilling locations as OBe hasnt thrown money towards Pembina that much in last 5 years. OBE would have land near some bne recent drills.
Ricochet Oil but they are fairly new and old Arc stuff, may not be for sale.

smaller stuff, Jouney energy has small amount of cardium and prob non core, TVE stuff.

Be interesting too see if deal and aquistions happen again.
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