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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.


TSX:BNE - Post by User

Bonterra Energy Corp > Rex this is a red herring…
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Comment by kavern23on Sep 09, 2024 6:32pm
116 Views
Post# 36215635

RE:RE:RE:RE:RE:RE:Rex this is a red herring…

RE:RE:RE:RE:RE:RE:Rex this is a red herring…Bne was 1.50 range and OBE was 60 cents on August 31, 2020 when that hostile take over was made by OBE.
The large reason for that takeover was 2021 commodity prices were forecasted to be 50 WTI and 1.95 aeco for 2021...and being larger cardium play would counter lower oil prices.

Russia war bailed both BNE and OBE for a few years...with pushing oil and gas prices up...but what happens if in 2025 it is 60-64 wti and 1.50-2.2.50 aeco..basically price range before covid.

Have either OBE or BNE cardium plays improved so much they all of a sudden can prosper when commodity prices go to low part?

EGO need to be put aside...and someone needs to explain how BNE and OBE on cardium side can FCF more in 2025 and on alone versus being merged?

Neither OBE or BNE can increase oil volume easily in cardium to make up for 20-25 dollar in cad lower oil prices.


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