Bonterra’s second quarter production volumes were within 1% of both our estimate and the consensus, although increased to over 13,000 boe/d early in the third quarter as new wells were brought on stream and a portion of previously shut-in production was reactivated. Cash flow was modestly ahead of expectations due to lower royalties in the period, while both operating and transportation costs came in as expected. Guidance remains unchanged, with 2016e capital spending of ~$40 mm and pro
11 Aug 2016
Second Quarter Report Contains No Surprises
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Second Quarter Report Contains No Surprises
Bonterra Energy Corp. (BNE:TSE) | 0 0 1.5% | Mkt Cap: 460.0m
- Published:
11 Aug 2016 -
Author:
Michael Hearn -
Pages:
7
Bonterra’s second quarter production volumes were within 1% of both our estimate and the consensus, although increased to over 13,000 boe/d early in the third quarter as new wells were brought on stream and a portion of previously shut-in production was reactivated. Cash flow was modestly ahead of expectations due to lower royalties in the period, while both operating and transportation costs came in as expected. Guidance remains unchanged, with 2016e capital spending of ~$40 mm and pro