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 > Time to start buybacks

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Comment by baranjaon Nov 04, 2024 8:48am

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Post# 36294905

RE:RE:RE:RE:RE:RE:RE:Time to start buybacks

BNE produces about 8K Bpd of pure liquid (light oil and NGLs). This market cap is insane.

TheRexmember wrote:
CJ and BNE are very different companies.

CJ has a much higher liquids cut near 100%. It is mostly heavy oil and it has one of the lowest decline rates in the patch. Tough to do with liquids. Lots of production from water flood and they are growing in 6000 barrel increments with sequential SAGD projects coming. Debt will be moving up but it is easily affordable. They even have a great new light oil property

a dividend with a high yield hasn't prevented the stock from dropping but I think its a fantastic company. The 10% decline rate make a dividend easier to maintain. It is a bargain at a billion dollar market cap. Is it worth 8x BNE? No chance.

BNE has been held back by the 40% gas weighting but they can point to a huge increase in top tier drilling locations, extremely cheap, quality, land acquisitions, production growth above 16,000 boe.

Not much point in growing production right now when buybacks are way more accretive. The trading volumes are so low that margin clearing is impacting the share price