Bonterra Energy Corp

BNE-T

Analysis and Opinions about BNE-T

Signal
Opinion
Expert
HOLD
HOLD
July 17, 2019
He owns it. It is involved in Northern Quebec and there are rumours of some kind of merger with a mining operation in the same area.
Show full opinionHide full opinion
He owns it. It is involved in Northern Quebec and there are rumours of some kind of merger with a mining operation in the same area.
COMMENT
COMMENT
April 30, 2019
A great, well-run company, but it's always been small--and this is hurting them. Investors have moved up-cap in energy. They recently cut their dividend to around 1.8%. They have a lot of cash flow. They need to do share buybacks or raise the dividend to move the stock up. And we'll see where the oil price will go.
Show full opinionHide full opinion
A great, well-run company, but it's always been small--and this is hurting them. Investors have moved up-cap in energy. They recently cut their dividend to around 1.8%. They have a lot of cash flow. They need to do share buybacks or raise the dividend to move the stock up. And we'll see where the oil price will go.
WAIT
WAIT
November 14, 2018
Debt is too high for them with the lower light oil prices. She has them on the watch list and likes them but too soon to purchase. Yield = 12%
Show full opinionHide full opinion
Debt is too high for them with the lower light oil prices. She has them on the watch list and likes them but too soon to purchase. Yield = 12%
WATCH
WATCH
February 5, 2018

She likes the company and the equipment. Debt levels are higher than what she is comfortable with. She is going to wait until they settle it down before putting them in their model portfolio.

Show full opinionHide full opinion

She likes the company and the equipment. Debt levels are higher than what she is comfortable with. She is going to wait until they settle it down before putting them in their model portfolio.

COMMENT
COMMENT
October 20, 2017

This hasn’t acted well. It’s like a lot of energy stocks, but this is still down 50% for the year. Got caught with a little “worse than average” balance sheet, which has been a kiss of death in the stock market. With the combination of a really good balance sheet, very low costs and drilling prospects, you are still down, but not very much. It will take a while. It’s one of those companies that needs $60 oil to be better. If you think that is not going to happen, then he would switch to something else where you would be better protected.

Show full opinionHide full opinion

This hasn’t acted well. It’s like a lot of energy stocks, but this is still down 50% for the year. Got caught with a little “worse than average” balance sheet, which has been a kiss of death in the stock market. With the combination of a really good balance sheet, very low costs and drilling prospects, you are still down, but not very much. It will take a while. It’s one of those companies that needs $60 oil to be better. If you think that is not going to happen, then he would switch to something else where you would be better protected.

COMMENT
COMMENT
September 15, 2017

This has always been tricky, because it is fairly closely held, and trading liquidity is pretty crummy. It is typically Canadian dividend funds that buy it and hold it. They found themselves in a position where they had taken on too much debt, and made a mistake of not hedging it off. Have high quality assets. Due to its lack of liquidity, he has been trading at a pretty healthy premium to others.

Show full opinionHide full opinion
Bonterra Energy Corp (BNE-T)
September 15, 2017

This has always been tricky, because it is fairly closely held, and trading liquidity is pretty crummy. It is typically Canadian dividend funds that buy it and hold it. They found themselves in a position where they had taken on too much debt, and made a mistake of not hedging it off. Have high quality assets. Due to its lack of liquidity, he has been trading at a pretty healthy premium to others.

TOP PICK
TOP PICK
July 31, 2017

A small exploration stock. It appears the drilling is becoming predictive. It is rare we see an exploration play attractively priced in Canada. He seldom recommends exploration stocks in Canada. This management team has been successful in the past in the same terrain they are exploring now. (Analysts’ target: $23.25). (One of our faithful viewers has pointed out that BNN may have misinterpreted Rick's choice, and these comments might have been intended for Bonterra Resources (BTR-X) instead. )

Show full opinionHide full opinion

A small exploration stock. It appears the drilling is becoming predictive. It is rare we see an exploration play attractively priced in Canada. He seldom recommends exploration stocks in Canada. This management team has been successful in the past in the same terrain they are exploring now. (Analysts’ target: $23.25). (One of our faithful viewers has pointed out that BNN may have misinterpreted Rick's choice, and these comments might have been intended for Bonterra Resources (BTR-X) instead. )

TOP PICK
TOP PICK
September 16, 2016

Has a nice 4.9% dividend that is sustainable. They have done really well with costs. The story has free cash flow on current oil prices, which is going to help them pay off debt, which has been a little too high. Free cash flow yield for this year and next is much higher than it was in 2014 when oil prices averaged $94. This has a great history of ROC.

Show full opinionHide full opinion
Bonterra Energy Corp (BNE-T)
September 16, 2016

Has a nice 4.9% dividend that is sustainable. They have done really well with costs. The story has free cash flow on current oil prices, which is going to help them pay off debt, which has been a little too high. Free cash flow yield for this year and next is much higher than it was in 2014 when oil prices averaged $94. This has a great history of ROC.

HOLD
HOLD
May 30, 2016

It looks like it is making a bit of a recovery. The downtrend has been broken and consolidation has been taken out. Not a bad looking profile.

Show full opinionHide full opinion

It looks like it is making a bit of a recovery. The downtrend has been broken and consolidation has been taken out. Not a bad looking profile.

TOP PICK
TOP PICK
May 16, 2016

If you like oil and you like good assets, this is the way to go. They have a really great asset base, but the technical team is really doing a good job in proving up the asset base and getting excellent results on their drilling at very low costs. There is a lot of torque to the upside. Have more debt than she is comfortable with, but because of the quality of the management team and their technical expertise, this is a good leveraged way to play oil. Dividend yield of 4.34%.

Show full opinionHide full opinion

If you like oil and you like good assets, this is the way to go. They have a really great asset base, but the technical team is really doing a good job in proving up the asset base and getting excellent results on their drilling at very low costs. There is a lot of torque to the upside. Have more debt than she is comfortable with, but because of the quality of the management team and their technical expertise, this is a good leveraged way to play oil. Dividend yield of 4.34%.

PARTIAL SELL
PARTIAL SELL
April 7, 2016

(Market Call Minute) He has been slowly letting some stock go.

Show full opinionHide full opinion

(Market Call Minute) He has been slowly letting some stock go.

TOP PICK
TOP PICK
December 2, 2015

Has been disproportionately hurt by what has been going on with oil prices and with their debt. Debt is a little high, but that was because of an acquisition, not because of over drilling. The acquisition was excellent quality and really added to their inventory in the Cardium. Very reasonable valuation. Dividend yield of 8.1%, which she thinks is safe for now. Payout ratio is around 100%, which is great.

Show full opinionHide full opinion

Has been disproportionately hurt by what has been going on with oil prices and with their debt. Debt is a little high, but that was because of an acquisition, not because of over drilling. The acquisition was excellent quality and really added to their inventory in the Cardium. Very reasonable valuation. Dividend yield of 8.1%, which she thinks is safe for now. Payout ratio is around 100%, which is great.

COMMENT
COMMENT
November 11, 2015

A very interesting company. It has a large swing factor with oil prices because it is focused in just one area. The Cardium area in Alberta is probably the 1st place for horizontal drilling and fracing technology allowing them to rediscover just how big the potential of that asset is. This company specializes in this. Management has a large ownership and they watch their costs extraordinarily well. This company is designed to be sustainable.

Show full opinionHide full opinion

A very interesting company. It has a large swing factor with oil prices because it is focused in just one area. The Cardium area in Alberta is probably the 1st place for horizontal drilling and fracing technology allowing them to rediscover just how big the potential of that asset is. This company specializes in this. Management has a large ownership and they watch their costs extraordinarily well. This company is designed to be sustainable.

COMMENT
COMMENT
August 17, 2015

It is a conservative producer. They did a good job over the long term. All dividends are at risk, but this one should participate in a recovery. They already cut their dividend.

Show full opinionHide full opinion

It is a conservative producer. They did a good job over the long term. All dividends are at risk, but this one should participate in a recovery. They already cut their dividend.

COMMENT
COMMENT
June 12, 2015

If you are a retiree and looking for income, this is a company that you definitely should look at. She has a lot of respect for the management team. Have done very well by investors historically. They are doing a rights offering to existing shareholders to bring some equity into the business, because they essentially want to purchase some Cardium assets from Enerplus (ERF-T). Spent about $100 million, but they did it with their balance sheet. The market really didn’t like them deteriorating the company’s balance sheet. The rights offering makes a lot of sense.

Show full opinionHide full opinion

If you are a retiree and looking for income, this is a company that you definitely should look at. She has a lot of respect for the management team. Have done very well by investors historically. They are doing a rights offering to existing shareholders to bring some equity into the business, because they essentially want to purchase some Cardium assets from Enerplus (ERF-T). Spent about $100 million, but they did it with their balance sheet. The market really didn’t like them deteriorating the company’s balance sheet. The rights offering makes a lot of sense.

Showing 1 to 15 of 74 entries