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 > Debt restrictions - buybacks

<< Previous

Bullboard Posts

Next >>

Comment by TheRexmemberon Oct 11, 2024 1:27am

77 Views

Post# 36262189

RE:RE:Debt restrictions - buybacks

There are no issues with buybacks now. Once the BDC loans were discharged that became a non issue.

My best performing stock of the last 2 years has been Tenaz. About 5 million fewer shares outstanding and the buybacks have really stabilized the share swings. Being a great company helps.

for the price of one oil well we can buy back 3% of the shares outstanding? Total no brainer to me.

3% buyback
4% dividend
4-7% growth

and continued debt reduction. Increase payouts sub 100 million in debt.

Poor gas prices lasted too long but we seem too have turned the corner.

<< Previous

Bullboard Posts

Next >>

Dollar Tree CEO Rick Dreiling steps down as discount retailer struggles