Bonterra Energy Corp T.BNE

Bank Debt in 2022

[churchofnutsacc]

Does the bank debt get completely paid off in 2022?

Best case guidance in December had $58 million remaining at $80 oil, $3.5 natty and $4 light oil differentials 

Strip priing is over $100 right now, differentials are non existent and alberta natty is at $4.50.

[snowshoedb]

Due to elevated prices in Q4. I anticipate BNE pulled forward CAPEX Q4 and Q1. Production was expected to be heavily in Q1-2. I think production is likely 15,000 to 15,500 Boe. Average price for WTI was Jan-Feb = $88, let's assume oil will average $115. Hence Q1 average could be $97. Differential is about $2 instead of $4.  incremental FCF above $70.  15,500 x ( ($97-$70)+ (4-2))

[bandit69]

I give them credit.  They have gone out of their way to keep the float low while so many others blew their brains out on diluting over the years.  That's why the dividend can be so substantial in terms of nominal value.  The yield can still be 5% but the share price could be $20 with a mere $1 dividend.  And so on.

[snowshoedb]

Anticipating the Q4 FS... my guesses: CAPEX = 28 Million FCF =  77 Million...  ~ I don't even believe my FCF calc... did I miss something. It seems too much for me to wrap my head around. 

[GunnerG]

Your model appears to need some work.  77 Million FCF for Q4?