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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 Resilience2on Feb 02, 2024 1:26pm
241 Views
Post# 35859932

BNE finding ways to increase capital efficiencies

BNE finding ways to increase capital efficiencies Is the way to go.

Montney has twice the capital efficiencies of Cardium.

If Belly River or any other options improve capital effieciencies they can pour the FCF of Cardium into that and increase the rate of cash flow return and ultimately dividend growth and sustainability. 

When the share price recuperates they can also then start to consolidate the Cardium further.

They will progress with the Cardium as well but with these gas prices it won't be quick: they've got to be smart and pro-active. Like they have done with the Montney (which they bought for $ 2 mln !!).  

R.  
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