RE:RE:RE:RE:RE:RE:Trading needs to be Suspended !!!Your constant blathering might possibly be of more interest if you had your facts straight. Bonterra will still have about $130 million in term debt at year end. The company will, if its skimpy presentation is correct, have paid off its bank line; which is what you are alluding to.
Bonterra has, for some reason, come out today with a new corporate logo and a ‘new’ presentation. All that is new is a stealth push of the prospects of a dividend from “by the end of Q4” to “in Q1 2024”; and that they are looking at a quarterly distribution rather than monthly.
My read of the Q2 financials, combined with current commodity pricing, is more optimistic than this presentation. I was counting on “under-promise and over-deliver” as, if they stay true to their stated parameters, they should be announcing a decent re-start of the monthly dividend for end of Nov. Time will tell on this.
I own both of these companies and am happy with the way they are both going. Indeed, I think that combining them back together as one entity (there is a substantial overlap in ownership) might be the way to go; once Bonterra's balance sheet is back in order. That is but a (short) way down the pipe.
I do agree that Pine Cliff is a class act and a great investment; not one I would sell. Hold it both now for a solid dividend and for the future as Western Canadian NG comes into its own, as it will post-the Trudeau regime.
Bonterra has had a rough go but is back on track to be the quasi-income trust that George Fink created. The term debt will be paid down over the next two years. Balance sheet and cash flow will improve dramatically as this plays out. The basic low-cost/high returns model is still there and the pricing cycle is ramping up. Way underpriced, but it will be bedrock for anyone getting in now.