Bonterra Energy Corp

BNE-T

Analysis and Opinions about BNE-T

Signal
Opinion
Expert
BUY
BUY
April 8, 2013

One of the largest operators in the Pembina region, which is Cardium rich light oil. 12,000 barrels per day. Recently made an acquisition of Spartan Energy which they got on the cheap. Very high net back oil in this area. 7% healthy dividend on a very low payout ratio of under 100%.

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One of the largest operators in the Pembina region, which is Cardium rich light oil. 12,000 barrels per day. Recently made an acquisition of Spartan Energy which they got on the cheap. Very high net back oil in this area. 7% healthy dividend on a very low payout ratio of under 100%.

COMMENT
COMMENT
March 4, 2013

Spartan was a good acquisition for them. Will take a little time to integrate but should do well over the back half of this year. This is one of the better names out there. Yield of almost 7%.

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Spartan was a good acquisition for them. Will take a little time to integrate but should do well over the back half of this year. This is one of the better names out there. Yield of almost 7%.

COMMENT
COMMENT
January 9, 2013

Acquired a very low decline asset for about 3.5X cash flow, which was a steal for them. On the back of that acquisition, they increased their dividend so he feels sustainability of the dividend is not an issue. Extremely thin in terms of trading as people don’t want to sell. For a retail investor it is probably not a bad pick.

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Acquired a very low decline asset for about 3.5X cash flow, which was a steal for them. On the back of that acquisition, they increased their dividend so he feels sustainability of the dividend is not an issue. Extremely thin in terms of trading as people don’t want to sell. For a retail investor it is probably not a bad pick.

HOLD
HOLD
December 10, 2012

There is nothing wrong with it. It is in the hold camp. No catalyst. Not sufficiently Washed out that there is about to be a massive turn around. If you find a better opportunity then maybe take it. Yield is safe.

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There is nothing wrong with it. It is in the hold camp. No catalyst. Not sufficiently Washed out that there is about to be a massive turn around. If you find a better opportunity then maybe take it. Yield is safe.

COMMENT
COMMENT
September 19, 2012

(Market Call Minute.) For him, this would be a Hold or a Sell in order to buy Crescent Point (CPG-T). Multiple is a little high.

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Bonterra Energy Corp (BNE-T)
September 19, 2012

(Market Call Minute.) For him, this would be a Hold or a Sell in order to buy Crescent Point (CPG-T). Multiple is a little high.

BUY
BUY
September 18, 2012

Holds this management out consistently as excellent capital allocators in Calgary. Have a very lengthy record of creating value for shareholders. They raise capital judiciously. The holy grail of increasing production per share, while at the same time paying a consistent and growing dividend stream.

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Bonterra Energy Corp (BNE-T)
September 18, 2012

Holds this management out consistently as excellent capital allocators in Calgary. Have a very lengthy record of creating value for shareholders. They raise capital judiciously. The holy grail of increasing production per share, while at the same time paying a consistent and growing dividend stream.

HOLD
HOLD
September 11, 2012

(Market Call Minute.) She wants to get a little more clarity. The debt is creeping up a little bit. She is watching to see if they will address the debt.

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Bonterra Energy Corp (BNE-T)
September 11, 2012

(Market Call Minute.) She wants to get a little more clarity. The debt is creeping up a little bit. She is watching to see if they will address the debt.

SELL
SELL
June 27, 2012
This is one to avoid right now. The biggest risk is a potential dividend cut going forward. Over distributes 100%.
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This is one to avoid right now. The biggest risk is a potential dividend cut going forward. Over distributes 100%.
BUY WEAKNESS
BUY WEAKNESS
March 29, 2012
Exceptionally well-run company. Took profits when it ran over $60. Would like it in the $40 range.
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Exceptionally well-run company. Took profits when it ran over $60. Would like it in the $40 range.
COMMENT
COMMENT
February 24, 2012
He feels that if the stock gets over $60, it will be fully valued. You are paying for the producing assets as well as a lot for the un-drilled, un-booked inventory that they have. However, over an extended period of time, this company stands out as one of the best allocators of capital.
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He feels that if the stock gets over $60, it will be fully valued. You are paying for the producing assets as well as a lot for the un-drilled, un-booked inventory that they have. However, over an extended period of time, this company stands out as one of the best allocators of capital.
BUY
BUY
November 15, 2011
This is one that you can hold and will be well rewarded. At this price it looks reasonable.
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This is one that you can hold and will be well rewarded. At this price it looks reasonable.
PAST TOP PICK
PAST TOP PICK
November 8, 2011
(A Top Pick Dec 7/10. Up 28.58%.)
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(A Top Pick Dec 7/10. Up 28.58%.)
BUY
BUY
September 7, 2011
Fantastic company. Management owns about 30% of outstanding shares. Over 5% dividend. Payout ratio between 50% and 75%.
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Fantastic company. Management owns about 30% of outstanding shares. Over 5% dividend. Payout ratio between 50% and 75%.
WEAK BUY
WEAK BUY
July 21, 2011
Owns a little. Attractive dividend. It’s a call on what’s going to happen in the energy sector. Likes the area longer term because of supply/demand fundamentals. It’s a little small for him.
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Owns a little. Attractive dividend. It’s a call on what’s going to happen in the energy sector. Likes the area longer term because of supply/demand fundamentals. It’s a little small for him.
COMMENT
COMMENT
May 9, 2011
Very small company and they rarely issue stock so there is not a lot of coverage. They own part of a Pembina/Cardium play. Almost 100% oil and are un-hedged. Pays a healthy distribution. Declines are about 20% lower than normal. Can grow production about 8%-10% annually.
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Very small company and they rarely issue stock so there is not a lot of coverage. They own part of a Pembina/Cardium play. Almost 100% oil and are un-hedged. Pays a healthy distribution. Declines are about 20% lower than normal. Can grow production about 8%-10% annually.
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