Impact: Neutral. The 10% reduction to Bonterra's credit facility to $380 mm is within our prior expectations given current commodity prices, and remains sufficient for the Company to execute on its previously outlined $40 mm capital budget while also paying down debt in 2016e.

31 May 2016
ANNOUNCES ~10% REDUCTION TO BORROWING BASE

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ANNOUNCES ~10% REDUCTION TO BORROWING BASE
Bonterra Energy Corp. (BNE:TSE) | 0 0 1.5% | Mkt Cap: 460.0m
- Published:
31 May 2016 -
Author:
Michael Hearn -
Pages:
2 -
Impact: Neutral. The 10% reduction to Bonterra's credit facility to $380 mm is within our prior expectations given current commodity prices, and remains sufficient for the Company to execute on its previously outlined $40 mm capital budget while also paying down debt in 2016e.