Bonterra reported second quarter results with production that was reasonably in line with our thinking and the consensus estimate, while cash flow came in ahead of both our estimate and the consensus, largely as a result of lower cash costs. Production during the fi rst half of the year was impacted by ~1,200 boe/d as a result of TCPL restrictions, insuffi cient natural gas processing capacity, the decision to delay completion of wells, and voluntary shut-in of production, much of which has now ....
