Bonterra Energy Corp T.BNE

Nice Move

[bandit69]

I've watched BNE for over 10 years.  I've owned it and sold it in past.  I was looking really realy hard at it when it was sub $1 but the were struggling so I didn't.  I've missed the boat now and I don't invest in resource stocks much anymore but good on those that held or bought then.  Nice reward.

If they reinstate the dividend it'll go even higher if they're allowed to implement one? I think they're restricted by BDC? because BDC essentially bailed out BNE if I remember correctly.  Could be wrong as I haven't read anything on BNE for awhile.

Nice to see the rise anyway.

[churchofnutsacc]

They have to pay back the loan first before they can buy back shares or payout dividends which won't be too hard to do with these commodity prices. You can envision a scenario where Bonterra uses the next 2-3 years of high oil prices to pay down debt. So even when the party is over and oil is back at $60, they FFF $65 mil and with only 35 million shares, that's a lot of capital being

[bandit69]

Thanks for the info.  That's what I thought that there were dividend restrictions.  I had a look at their debt and it still seems high.  Could be awhile until they can implement a dividend again even at today's commod. prices.  I'd wonder if investors have patience for a few more years of no dividend. One positive is the low float size so if the share price keeps

[churchofnutsacc]

Most O&G companies seem to be announcing a plan for some combination of buybacks and dividends once debt is under control. With our float, we don't need buybacks. Lots of names out there have an outrageous float.  One thing that doesn't get talked about is the differential. I believe Bonterra's guidance in December assumed a differential of $4 - however that is under $2 at