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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 TheRexmemberon Apr 27, 2024 2:52pm
172 Views
Post# 36011109

RE:RE:RE:Morgan

RE:RE:RE:Morgan

On CEO.ca bne channel someone put up a note about the Montney trst results from last December. Speculating thst was the trigger. I doubt it was. 

my best guess, and only a guess is that a family office in the US blew out a position. There were a few 3-5% shareholders down south two years ago. No idea where they are at today but the selling brokerage might be a clue. 

Either for tax planning, a pair trade or somebody got blown out due to a margin call. Should be easy enough to buy back over the next six months. 

 

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