Bonterra Energy Corp T.BNE

Upcoming financials for Q4

[snowshoedb]

I'm not expecting any real surprises in the financials. I think it's slow and steady goes the race for BNE until it hits its desired balance sheet metrics. 

once they have the desired cash on hand, what they feel is the correct that load to Kerry and the dividend is reinstated… I anticipate that the company will take that moment to determine how best to unlock value from their assets… And find additional core assets to build upon

[MrDales62]

Pretty good numbers here. GLTA

[Hendrick3]

I noticed the didn't highlight 4Q and stayed pretty much on full year. The reason is 4Q ended with lower production than the previous year which is a bit astonishing. That one negative may be enough for a bad day tomorrow although I am hopeful for a great day. 

[TheRexmember]

The numbers were exactly on guidance for Q4 and the year.  They only drilled 2 wells in The quarter so it was baked into the numbers.  no growth was allowed with the government loans - one of the reasons they were paid out.  This year they are planning on a consistent drilling program to show some growth on exit.  nice to see the bank line down to 17 million lots of

[kavern23]

Rex..but do you want BNE to do a deal this year? Doing a deal likely involves more shares outstanding as so hard to borrow money at decent interest rates right now. Deals are good for shareholders willing to wait and have some patiance but deal also mean downward in short term most times.  Retail energy investors seem really finicky and ready to panic easily right now.

[TheRexmember]

Hi Kav. Yes I would like to see a lot more deal making. Ideally about 3 deals every two years if they are a reasonable size. We have 100 million on the credit line available  - 25% shares and 75% debt would be my strategy if the target is under levered.  The dilution would not be a problem because the float is currently too small. The debt isn't a problem once we get through Q2.