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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

Comment by Resilience2on May 12, 2023 5:09pm
203 Views
Post# 35446360

RE:Tough day...

RE:Tough day...I don't think you understand the results.

They did half their capex in Q1 and are now free flowing pretty much until well into Q3. 

Bank debt only $ 12.4 mln will be gone beginning Q3. Net debt will be down below 1.

Which hit their dividend criteria listed in their presentation.

Either they have a small acquisition that deleverages them or these criteria get hit sooner. 

Check the details. $ 5,50 might happen but not because the outlook isn't great. 
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