Bonterra Energy Co.

Bonterra Energy's results remained strong due to oil sales dominance, with potential benefits from expected natural gas price recovery. Management's strategy of adding liquids to production proved wise, mitigating the impact of falling natural gas prices. Increased field and cash netbacks are now more dependent upon the price of oil than in the past.» Mehr auf seekingalpha.com

Bonterra Energy has shifted its strategy towards more liquids production since the founder retired and new management runs the company. Bonterra Energy reported first quarter results with increased natural gas production, influenced by a cold winter causing shut-ins. Despite lower natural gas prices, the company's focus on liquids production prevented a large loss.» Mehr auf seekingalpha.com

Bonterra Energy's Q1 2024 results showed solid progress on a sound plan to steadily increase output while maintaining a strong balance sheet. No red flags were evident. I value Bonterra based on a modified Black-Scholes model, which suggests a share value of over CDN$25.00, significantly higher than the current trading price. Using a conventional model, I value Bonterra shares at just over CDN$20.00, indicating that the company's shares are undervalued.» Mehr auf seekingalpha.com