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Bullboard - Stock Discussion Forum Bonterra Energy Corp T.BNE

Alternate Symbol(s):  BNEFF

Bonterra Energy Corp. is a Canada-based conventional oil and gas company with operations in Alberta, Saskatchewan, and British Columbia. The Company operates through development and production of oil and natural gas in the Western Canadian Sedimentary Basin segment. Its operating areas include Pembina Cardium and other areas, which include Saskatchewan and Northeast British Columbia. The... see more

TSX:BNE - Post Discussion

Bonterra Energy Corp > Downward Ho
View:
Post by B767driver on Aug 27, 2024 12:33pm

Downward Ho

Very frustrating
Commodities up BNE down
Commodities down BNE down

The stock is illiquid and always under pressure.
As fellow posters breakdown the BOED and sift through quarterly's, everything disappoints and there are no blue skys.
The big banks are now adjusting their crude targets to 70-75 to end of 2025. This does not bode well for small producers.
No dividend in sight

Meh
Comment by Jnasty2pointO on Aug 27, 2024 1:58pm
The cardium is out of runway and they have had to make some extremely risky moves. There has been no improvement yet and sufficient debt reduction has stalled. Beware of the pumpers trying to hype things up on half truths or straight out lies. Add the shitty oil price in and you have something that's going lower until both the price and the company turns it around if it does at all. Good luck
Comment by TheRexmember on Aug 28, 2024 10:52am
Yup. Tough to get excited at this price. I bought a little more yesterday at 4.44 because it is such a bargain but what the stock really needs is a buyback like I have been repeating for two years. The stock drifts down on minimal volume due to the large retail base when news is slow then doesn't participate as well on the up days. 10 million a year in buybacks would go a long way.  on ...more  
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