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.

TSX:BNE - Post by User

Bonterra Energy Corp > Educated guess...

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Comment by TheRexmemberon Sep 30, 2023 1:47pm

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Post# 35663348

RE:RE:RE:RE:Educated guess...

I would expect to pay well over 30k per flowing barrel for oily assets.

No idea how much debt Ricochet has too. This is not a distressed company.

that is an enormous land position held by Cenovus. Seems ripe for a divestiture as they cull their assets and liabilities.

Too bad Yangarra doesn't pick up land with high ARO. Their OFS division gives them a huge competitive advantage on clean up costs. And they are not rewarded for low ARO liabilities by the market.

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