Bonterra announced 3Q19 results which were modestly behind both GMPFE and consensus expectations. Production for the quarter came in at 12,136 boe/d, shy of both GMPFE (12,678 boe/d) and consensus (12,544 boe/d), as the company continued to deal with the impact of shut in volumes due to both thirdparty infrastructure maintenance and price deterioration. Funds flow of $22.6 mm ($0.68/sh) was below both GMPFE’s call for $24.1 mm ($0.72/sh), and the Street at $23.8 mm ($0.72/sh). Uns
11 Nov 2019
Chipping away at debt repayment
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Chipping away at debt repayment
Bonterra Energy Corp. (BNE:TSE) | 0 0 1.5% | Mkt Cap: 460.0m
- Published:
11 Nov 2019 -
Author:
Cody R. Kwong -
Pages:
6
Bonterra announced 3Q19 results which were modestly behind both GMPFE and consensus expectations. Production for the quarter came in at 12,136 boe/d, shy of both GMPFE (12,678 boe/d) and consensus (12,544 boe/d), as the company continued to deal with the impact of shut in volumes due to both thirdparty infrastructure maintenance and price deterioration. Funds flow of $22.6 mm ($0.68/sh) was below both GMPFE’s call for $24.1 mm ($0.72/sh), and the Street at $23.8 mm ($0.72/sh). Uns