Bonterra Energy Corp T.BNE

I bought more, advantage deal another confirmation

[Resilience2]

This share price is nuts.

If gas prices recover only a bit: super nuts.

CL ROC is oil driven but has strong gas drive. 

Once these guys pay back expensive debt they have so much room to pay a big Divvy it's going to make a big splash for holders. 

R.

[kavern23]

Sucks that Oliver didnt become CEO of BNE in 2015 versus 2022. Mamangement team has made some good moves but too bad they can't raise 50-80m in capital. CL and Montney require lots of cash until get it rolling. Any predictions for Q2 CF and Capex?

[TheRexmember]

No idea on cash flow yet Kav. The first Charlie lake well was drilled in 9 days versus 12 budgeted so that is a positive. All 2 milers this  year. I have no sense of their realized gas price though. PNE breaks down cash flow at different prices so its easier to measure. And I haven't had much time to spend.   

[TheRexmember]

100% agree resilience   Some of the debt is expensive but it is really structured correctly. Some debentures, some termed out and some bank debt - it is the way to go.  have been anihilated too many times by banks changing their minds.  I heard on the street that the Montney land package that BNE put together has very similar characteristics to the stuff CPG was paying 5

[kavern23]

Everything is very quiet still in Cardium, but a something has to fall by Sept. These cardium mergers are going to be driven by having less management salaries and synergies from merging assets in infrastructure costs. I think BNE is developing CL so fast and not waiting so they have more optionality going forward. Ricochet and BNE cardium assets together probably would have cost savings. Cost

[kavern23]

A BNE and Richocet combo would be 22-25k boe a day and all in same part cardium.  For Pembina the only options are BNE + Richochet or BNE + OBE Pembina stuff and I don't see OBE and BNE getting along enough to talk. Merged it would help from waterflood opportunties to well stimulation programs. IT MAKES ZERO sense to have so many operators getting servicing from Red Deer or Drayton

[TheRexmember]

I think Ricochet was acquired by another private company. Haven't found any releaes about it though.