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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 JayBankson Mar 07, 2024 9:55pm
222 Views
Post# 35921924

Q4 Results

Q4 ResultsWell Lurk, they hit the very bottom end of your numbers, Congrats, I really thought they would come up short...

They also hit the mid range of when they said they would consider dividends, but no dividend announcements, instead we got a convoluted messages about continuing to work on balance sheet strengthening while the commodity price is still lower than hoped. I would also guess that the new purchase has also helped delay the dividend announcement, although I like the acquisition and longer term it should help our number more.

I'm pleased, but frustrated, but also not surprised. As before 2023 ended, I moved my expectation to a dividend in this earnings to it coming mid-late summer.

It should be noted they could announce it at anytime, but usually they give the heads up during earnings.
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