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.

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Bonterra Energy Corp > Expectations

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Comment by Resilience2on May 15, 2024 1:38am

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Post# 36040363

RE:RE:RE:RE:RE:RE:RE:RE:RE:Expectations

That's the whole point of adding these 2 new plays isn't it?

Your 'rationale' is backward looking: they now have better capital efficient plays so they don't need to drill out the cardium at these low gas prices.

Also CF was surpressed by high CAD light sweet differential which will likely normalise with TMX and gas prices won't stay low forever, if you can believe the strip at least.

So the basics will get better with increased gas prices across the board; but they're not at all solely depending on the Cardium anymore, on the contrary the future foreseeable growth lies in CL & MNTY. So I don't know why you keep harping on about Cardium as holding them back?

I think you see it but the question is: what's holding you back to jump in?

R.

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