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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 kavern23on Jun 23, 2023 2:13pm
122 Views
Post# 35511742

RE:Kavern

RE:KavernThe minute Russia rolled tanks into Ukraine in 2022 things became much different.  Even if Russia didnt go into Ukraine in 2022, oil was always going to benefit from covid ending and reopening happening and the delay in oil production rising to meet that. Covid was a complex thing to oil markets.

Spiking oil to 115 dollars last June due to these two black swan events wasnt a good reason to be in the market.

I stopped my trading strategy as I didnt think I would be smart enough to sell at the peak. I just knew that over time oil would make its slow descent to under 65 dollars to get supply to slow down.  OPEC cut starting last Nov just delayed the inevitable of oil hitting under 65 dollars.

look at the past, whever oil hit over 100 it eventually goes down below 50. Too much production gets stimulated.

I think oil prices over time here we will get similar to 2015-2019 period...50-70 dollar range.  Thats the time to do the volitle trading strategy.

I want oil to trade below 65 dollars before I touch any energy stock.

The time to be buying energy stocks is when the market is so despressed and nobody wants them.  We are not there yet.

I have eased up on risk taking and no poker anymore.  I am focused on one more hard run of energy stock trading but not yet.

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