Bonterra Energy Corp T.BNE

Someday

[bandit69]

It will be a good day when I wake up and see BNE at least in strong green.  Every day right now is like groundhogs day and traders rule this one all day long.   

Out of all of my years in these wretched markets this is by far my biggest mistake.  Oil price, markets, interest rates or not, pure garbage and I am embarrassed I even have it in my portfolio.

[alertmeipp]

yes.. it's trading the worst among its peers. BNE's pps was like OBE, and then SGY and now down to a level that is close to CJ. Its FFO per share is much higher than SGY and CJ and yet it keeps selling off. How sad. Management needs to communicate their plan ASAP, like yesterday.  It will be all forgiven if they sold it at nice premium though.

[Hendrick3]

They are the cheapest name in the sector when you compare FFO per share to share price currently trading below 1x annualized 2Q FFO. Debt is coming down fast but some catalyst is needed. They are not allowed to pay a dividend or do a stock buyback so this one may languish for awhile. Ultimately its relative fundamentals should catch it up but I would hope with Fink out of the picture, they would

[bandit69]

[bandit69]

Yes, how sad.  I've wrote about communicating their plan for months now but was jumped on by several on this board for it while they said it is a well managed company.  A company that is well managed does not need banks to come in to clean up balance sheets for them and place restrictive covenants on debt.  They should have done a financing for 10MM shares when the price was $12

[sclarda]

bandit69 wrote Yes, how sad.  I've wrote about communicating their plan for months now but was jumped on by several on this board for it while they said it is a well managed company.  A company that is well managed does not need banks to come in to clean up balance sheets for them and place restrictive covenants on debt.  They should have done a financing for 10MM shares when

[bandit69]

sclarda, this is a webstie to discuss publicly traded companies so take your passive aggressive keybord cowboy tough guy act to your shrink not here.  If you can't talk about the company then get lost. have a nice day. Lol.

[nobeard]

People jump on you because you keep posting the same things over and over.  And you are still doing it.  Its hard to make it any more simple. You have no say in how BNE is run and that will not change no matter how many times you post what they should do. You are nobody and nobody important  cares what you or any of us small shareholders think. And who are you anyway to say how this

[bandit69]

You two should grab a bar of soap and jump in the shower together. Lol You don't like my posts, don't read them or, better yet since you're lack of maturity is apparent, then block me.  Simple.

[TheRexmember]

LOL. Is Bandit posting the same Whining comments - over and over?  I blocked him quite a while ago. As if putting out a press release will have any impact in this market. Debt dropped 100 million from June 30 2021 to June 30, 2022. Production is back to pre covid highs. We are set up for an awesome winter.   

[sclarda]

TheRexmember wrote LOL. Is Bandit posting the same Whining comments - over and over?  I blocked him quite a while ago. As if putting out a press release will have any impact in this market. Debt dropped 100 million from June 30 2021 to June 30, 2022. Production is back to pre covid highs. We are set up for an awesome winter.  ------------------------------------------- Yes

[TheRexmember]

More or less agree, although I don't think any of these companies had too much debt - I think they just got caught in a hard spot with lenders that were exiting the business due to political BS. In past years debt was allowed to routinely blow out to 3X cash flow at the bottom of the cycle. What will we be at in December? .5X ? CJ was almost in bankruptcy protection over a tiny 30 million

[churchofnutsacc]

The lenders are openly hostile to oil and gas companies, especially the small producers. This is why it is so important to rid ourselves of the lenders. What was an acceptable debt level 10 years ago is not relevent going forward in the era of ESG lending covenants.  The playbook for Bonterra is the most simple in the entire sector, pay down the debt, and pump cash out of the ground. No

[sclarda]

TheRexmember wrote More or less agree, although I don't think any of these companies had too much debt - I think they just got caught in a hard spot with lenders that were exiting the business due to political BS. In past years debt was allowed to routinely blow out to 3X cash flow at the bottom of the cycle. What will we be at in December? .5X ? CJ was almost in bankruptcy protection over

[sclarda]

sclarda wrote bandit69 wrote Yes, how sad.  I've wrote about communicating their plan for months now but was jumped on by several on this board for it while they said it is a well managed company.  A company that is well managed does not need banks to come in to clean up balance sheets for them and place restrictive covenants on debt.  They should have done a financing for

[TheRexmember]

Go look at the rest of the industry.  gxe has a yiel of 9%, commentators that told everyone how awesome they were, they are debt free and a monthly newsletter is published updating the market. Also lead by the Gray family which has a decent rep. Yup down from 2.00 to 1.30 i could li#t a dozen names but really it's pointless. It is not the debt and it is not management communication

[sclarda]

TheRexmember wrote Go look at the rest of the industry.  gxe has a yiel of 9%, commentators that told everyone how awesome they were, they are debt free and a monthly newsletter is published updating the market. Also lead by the Gray family which has a decent rep. Yup down from 2.00 to 1.30 i could li#t a dozen names but really it's pointless. It is not the debt and it is not