Added to YB: 2026-04-03
Pitch date: 2026-03-31
BNE.TO [bullish]
Bonterra Energy Corp.
+0.15%
current return
Author Info
No bio for this author
Company Info
Bonterra Energy Corp., a conventional oil and gas company, engages in the development and production of oil and natural gas in Canada.
Market Cap
CAD 246.0M
Pitch Price
CAD 6.48
Price Target
28.53 (+340%)
Dividend
N/A
EV/EBITDA
4.11
P/E
-14.58
EV/Sales
1.97
Sector
Oil, Gas and Consumable Fuels
Category
value
Talk Crude to Me: Bonterra Energy (TSX:BNE) — Canada’s Light Oil Underdog
BNE.TO: Alberta light oil producer transitioning from legacy Cardium play to higher-return Charlie Lake & Montney. Cardium: 284 net sections, 21% decline, 70%+ IRR at mid-cycle WTI. Charlie Lake: 116 net sections acquired 2024 for C$24.1M, 100%+ IRR, ~387 BOE/d IP365, C$35M NPV from 10 wells by 2025. Montney: 668 BOE/d IP365, <1yr payout. Conservative reserve adds: +10,136 Mboe (Charlie Lake) + 16,720 Mboe (Montney) = 132,926 Mboe total. NAV C$28.53/share at WTI $75 (0.25x P/NAV), >100% upvalued vs current price. C$30M FCF (24% of mkt cap), 10% NCIB approved. Execution critical.
Read full article (6 min)