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 > At No Point Should Bonterra Ever Pay A Dividend

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Comment by churchofnutsaccon Sep 04, 2024 10:28pm

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Post# 36209197

RE:RE:At No Point Should Bonterra Ever Pay A Dividend

Debt obviously is priority number 1. Bonterra has seemingly been stuck at $160 million net debt for what feels like 3 years now.

All energy companies, especially the small and mid tiers really should be aiming for zero debt and to create a cash reserve. Why a cash reserve? Because when the price of oil and gas crashes, and it always crashes, you can either support your share price with even more buybacks or use your cash for daily operations so you don't have to dip into your 12% credit facility and spend the next 6 years trying to pay it back when the price of oil and gas recovers.

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