Reported Earnings • May 17
First quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2026 results: CA$0.40 loss per share (further deteriorated from CA$0.20 loss in 1Q 2025). Revenue: CA$35.0m (down 43% from 1Q 2025). Net loss: CA$14.6m (loss widened 92% from 1Q 2025). Revenue exceeded analyst estimates by 5.3%. Earnings per share (EPS) missed analyst estimates significantly. Revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 4.5% growth forecast for the Oil and Gas industry in Canada. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 110 percentage points per year, which is a significant difference in performance. New Risk • May 15
New major risk - Revenue and earnings growth Earnings have declined by 47% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 47% per year over the past 5 years. Minor Risk Currently unprofitable and not forecast to become profitable next year (CA$7.4m net loss next year). Major Estimate Revision • Apr 19
Consensus EPS estimates fall by 1,000% The consensus outlook for fiscal year 2026 has been updated. 2026 expected loss increased from -CA$0.02 to -CA$0.22 per share. Revenue forecast unchanged at CA$263.4m. Oil and Gas industry in Canada expected to see average net income growth of 18% next year. Consensus price target up from CA$7.50 to CA$8.38. Share price fell 2.5% to CA$6.19 over the past week. Price Target Changed • Apr 15
Price target increased by 12% to CA$8.13 Up from CA$7.25, the current price target is an average from 4 analysts. New target price is 29% above last closing price of CA$6.31. Stock is up 104% over the past year. The company is forecast to post a net loss per share of CA$0.02 next year compared to a net loss per share of CA$0.47 last year. Announcement • Apr 08
Bonterra Energy Corp. to Report Q1, 2026 Results on May 14, 2026 Bonterra Energy Corp. announced that they will report Q1, 2026 results on May 14, 2026 Reported Earnings • Mar 15
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: CA$0.47 loss per share (down from CA$0.27 profit in FY 2024). Revenue: CA$226.7m (down 5.8% from FY 2024). Net loss: CA$17.1m (down 268% from profit in FY 2024). Revenue missed analyst estimates by 3.6%. Earnings per share (EPS) also missed analyst estimates by 34%. Revenue is forecast to grow 7.6% p.a. on average during the next 2 years, compared to a 4.7% growth forecast for the Oil and Gas industry in Canada. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 97 percentage points per year, which is a significant difference in performance. Price Target Changed • Mar 13
Price target increased by 13% to CA$7.00 Up from CA$6.19, the current price target is an average from 4 analysts. New target price is 15% above last closing price of CA$6.09. Stock is up 74% over the past year. The company is forecast to post a net loss per share of CA$0.02 next year compared to a net loss per share of CA$0.40 last year. Announcement • Mar 13
Bonterra Energy Corp. Reaffirms Production Guidance for the Year 2026 Bonterra Energy Corp. reaffirmed production guidance for the year 2026. For the year 2026, the company expects Annual average production range of 16,200 to 16,400 BOE per day, weighted approximately 50 to 52% to oil and liquids. Announcement • Mar 10
Bonterra Energy Corp., Annual General Meeting, May 20, 2026 Bonterra Energy Corp., Annual General Meeting, May 20, 2026. Price Target Changed • Feb 03
Price target increased by 7.9% to CA$6.00 Up from CA$5.56, the current price target is an average from 4 analysts. New target price is 19% above last closing price of CA$5.04. Stock is up 37% over the past year. The company is forecast to post a net loss per share of CA$0.35 compared to earnings per share of CA$0.27 last year. Major Estimate Revision • Jan 18
Consensus EPS estimates fall by 40% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from CA$262.5m to CA$257.0m. Losses expected to increase from CA$0.25 per share to CA$0.35. Oil and Gas industry in Canada expected to see average net income growth of 1.2% next year. Consensus price target of CA$5.56 unchanged from last update. Share price rose 8.2% to CA$4.74 over the past week. Announcement • Jan 14
Bonterra Energy Corp. to Report Q4, 2025 Results on Mar 12, 2026 Bonterra Energy Corp. announced that they will report Q4, 2025 results on Mar 12, 2026 Recent Insider Transactions • Jan 09
Chairman of the Board recently bought CA$249k worth of stock On the 7th of January, Andy Mah bought around 59k shares on-market at roughly CA$4.22 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. This was Andy's only on-market trade for the last 12 months. Recent Insider Transactions Derivative • Jan 07
CEO, President & Director exercised options to buy CA$107k worth of stock. On the 1st of January, Patrick Oliver exercised options to buy 26k shares at a strike price of around CA$4.53, costing a total of CA$118k. This transaction amounted to 23% of their direct individual holding at the time of the trade. Since March 2025, Patrick's direct individual holding has increased from 105.70k shares to 136.70k. Company insiders have collectively bought CA$607k more than they sold, via options and on-market transactions, in the last 12 months. New Risk • Dec 31
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 2 years. Trailing 12-month net loss: CA$15m Forecast net loss in 2 years: CA$2.7m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. This is currently the only risk that has been identified for the company. Price Target Changed • Dec 18
Price target increased by 13% to CA$5.56 Up from CA$4.94, the current price target is an average from 4 analysts. New target price is 32% above last closing price of CA$4.22. Stock is up 30% over the past year. The company is forecast to post a net loss per share of CA$0.25 compared to earnings per share of CA$0.27 last year. Announcement • Dec 17
Bonterra Energy Corp. (TSX:BNE) entered into a definitive agreement to acquire Asset Adjacent to Charlie Lake Operations for CAD 15.7 million. Bonterra Energy Corp. (TSX:BNE) entered into a definitive agreement to acquire Asset Adjacent to Charlie Lake Operations for CAD 15.7 million on December 15, 2025. A cash consideration of CAD 15.7 million will be paid by Bonterra Energy Corp, subject to customary closing adjustments. The transaction will be funded through the revolving credit facility. The transaction is expected to close before December 31, 2025. The Acquisition is immediately accretive to production, cash flow and free cash flow per share. Reported Earnings • Nov 16
Third quarter 2025 earnings: EPS and revenues miss analyst expectations Third quarter 2025 results: CA$0.10 loss per share (down from CA$0.11 profit in 3Q 2024). Revenue: CA$50.1m (down 14% from 3Q 2024). Net loss: CA$3.55m (down 184% from profit in 3Q 2024). Revenue missed analyst estimates by 7.3%. Earnings per share (EPS) also missed analyst estimates. Revenue is expected to decline by 61% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Canada are expected to grow by 3.5%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 60 percentage points per year, which is a significant difference in performance. Announcement • Nov 13
Bonterra Energy Corp. Maintains Production Guidance for the Full Year 2025 Bonterra Energy Corp. maintains production guidance for the full year 2025. For the year, Bonterra is maintaining its previously revised annual production guidance of 15,000 BOE to 15,200 BOE per day and annual capital expenditure guidance of $65 to $70 million. Price Target Changed • Oct 23
Price target decreased by 9.2% to CA$4.94 Down from CA$5.44, the current price target is an average from 4 analysts. New target price is 36% above last closing price of CA$3.63. Stock is up 4.3% over the past year. The company is forecast to post a net loss per share of CA$0.22 compared to earnings per share of CA$0.27 last year. Announcement • Oct 16
Bonterra Energy Corp. Announces Board Changes Bonterra Energy Corp. announced that D. Michael G. Stewart will be retiring from the Board of Directors as Chair and a director on January 5, 2026, after four and a half years of exceptional service. The Bonterra Board of Directors thanked Michael for the positive impact he had on the Company during his tenure as Chair from 2021 to date. Michael was instrumental in helping guide strategy and improve overall Board performance by prioritizing governance and strong Board and committee mandates. Michael's retirement marks the next chapter in a storied business career with numerous executive level roles and vast experience serving on numerous public boards. The Company announced that Andy J. Mah has accepted an offer to serve on the Board as Chair and a director to fill the vacancy created by Mr. Stewart's retirement. Mr. Mah is a well-known oil and gas executive in the Calgary business community and brings with him an exemplary career background of executive and board roles. Most recently, Andy was the CEO of Advantage Energy Ltd. from 2009-2021 and was instrumental in transforming the company from a royalty trust to a pure play Montney producer reaching production levels of approximately 50,000 boe/d under his leadership. Andy's board experience is highlighted by his current board role at Pembina Pipeline Corp. and prior board service at Advantage Energy Ltd. Andy also serves on the board of a private oil and gas junior, Enercapita Energy Ltd. Price Target Changed • Aug 17
Price target increased by 7.4% to CA$5.44 Up from CA$5.06, the current price target is an average from 4 analysts. New target price is 54% above last closing price of CA$3.52. Stock is down 24% over the past year. The company is forecast to post a net loss per share of CA$0.18 compared to earnings per share of CA$0.27 last year. Announcement • Aug 16
Bonterra Energy Corp. Revises Its Production Guidance for the Full Year 2025 Bonterra Energy Corp. revised its production guidance for the full year 2025. For the year company has increased its 2025 annual production guidance to a range of 15,000 to 15,200 BOE per day from its original guidance range of 14,600 to 14,800 BOE per day. Reported Earnings • Aug 15
First quarter 2025 earnings released: CA$0.20 loss per share (vs CA$0.023 profit in 1Q 2024) First quarter 2025 results: CA$0.20 loss per share (down from CA$0.023 profit in 1Q 2024). Revenue: CA$60.8m (up 1.9% from 1Q 2024). Net loss: CA$7.61m (down CA$8.46m from profit in 1Q 2024). Revenue is forecast to stay flat during the next 3 years compared to a 3.2% growth forecast for the Oil and Gas industry in Canada. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 46 percentage points per year, which is a significant difference in performance. Price Target Changed • Jul 29
Price target increased by 7.4% to CA$5.44 Up from CA$5.06, the current price target is an average from 4 analysts. New target price is 39% above last closing price of CA$3.90. Stock is down 18% over the past year. The company is forecast to post a net loss per share of CA$0.12 compared to earnings per share of CA$0.27 last year. Price Target Changed • Jul 22
Price target decreased by 8.1% to CA$4.94 Down from CA$5.38, the current price target is an average from 4 analysts. New target price is 36% above last closing price of CA$3.64. Stock is down 26% over the past year. The company is forecast to post a net loss per share of CA$0.12 compared to earnings per share of CA$0.27 last year. Announcement • Jul 21
Bonterra Energy Corp. to Report Q2, 2025 Results on Aug 14, 2025 Bonterra Energy Corp. announced that they will report Q2, 2025 results on Aug 14, 2025 Major Estimate Revision • Jul 17
Consensus estimates of losses per share improve by 54% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from CA$253.4m to CA$269.4m. EPS estimate increased from -CA$0.26 per share to -CA$0.12 per share. Oil and Gas industry in Canada expected to see average net income decline 5.4% next year. Consensus price target of CA$5.06 unchanged from last update. Share price was steady at CA$3.57 over the past week. New Risk • May 20
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 51% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 51% per year for the foreseeable future. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.7% net profit margin). Market cap is less than US$100m (CA$120.1m market cap, or US$86.0m). Price Target Changed • May 16
Price target decreased by 11% to CA$4.83 Down from CA$5.44, the current price target is an average from 3 analysts. New target price is 50% above last closing price of CA$3.23. Stock is down 40% over the past year. The company posted earnings per share of CA$0.27 last year. Announcement • May 16
Bonterra Energy Corp. Provides Earnings and Production Guidance for 2025 Bonterra Energy Corp. provided earnings and production guidance for 2025. For the period, the company expects capital guidance remaining unchanged at $65 million to $75 million with production tracking above the upper end of guidance of 14,800 BOE per day. Bonterra's priorities for the remainder of 2025 include the continued execution of a successful capital program to optimize production and returns, generate free funds flow to facilitate debt reduction, fund its NCIB from a debt neutral position, and continue to pursue strategic acquisitions within its core areas to enhance scale and cost efficiencies. Reported Earnings • May 15
First quarter 2025 earnings released: CA$0.20 loss per share (vs CA$0.023 profit in 1Q 2024) First quarter 2025 results: CA$0.20 loss per share (down from CA$0.023 profit in 1Q 2024). Revenue: CA$63.6m (up 6.6% from 1Q 2024). Net loss: CA$7.61m (down CA$8.46m from profit in 1Q 2024). Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Oil and Gas industry in Canada. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 40 percentage points per year, which is a significant difference in performance. Price Target Changed • May 01
Price target decreased by 10% to CA$5.44 Down from CA$6.06, the current price target is an average from 4 analysts. New target price is 74% above last closing price of CA$3.13. Stock is down 44% over the past year. The company is forecast to post earnings per share of CA$0.28 for next year compared to CA$0.27 last year. Price Target Changed • Apr 23
Price target decreased by 7.2% to CA$5.63 Down from CA$6.06, the current price target is an average from 4 analysts. New target price is 81% above last closing price of CA$3.10. Stock is down 50% over the past year. The company is forecast to post earnings per share of CA$0.28 for next year compared to CA$0.27 last year. Price Target Changed • Apr 16
Price target decreased by 10% to CA$5.56 Down from CA$6.19, the current price target is an average from 4 analysts. New target price is 79% above last closing price of CA$3.10. Stock is down 50% over the past year. The company is forecast to post earnings per share of CA$0.28 for next year compared to CA$0.27 last year. Announcement • Apr 09
Bonterra Energy Corp. to Report Q1, 2025 Results on May 15, 2025 Bonterra Energy Corp. announced that they will report Q1, 2025 results on May 15, 2025 Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CA$2.92, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 8x in the Oil and Gas industry in Canada. Total loss to shareholders of 75% over the past three years. Major Estimate Revision • Mar 21
Consensus EPS estimates increase by 600% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from CA$261.1m to CA$270.4m. EPS estimate increased from CA$0.04 to CA$0.28 per share. Net income forecast to grow 2.9% next year vs 17% growth forecast for Oil and Gas industry in Canada. Consensus price target of CA$6.31 unchanged from last update. Share price rose 2.9% to CA$3.59 over the past week. Announcement • Mar 18
Bonterra Energy Corp., Annual General Meeting, May 21, 2025 Bonterra Energy Corp., Annual General Meeting, May 21, 2025. Reported Earnings • Mar 14
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: CA$0.27 (down from CA$1.21 in FY 2023). Revenue: CA$244.1m (down 11% from FY 2023). Net income: CA$10.2m (down 77% from FY 2023). Profit margin: 4.2% (down from 16% in FY 2023). The decrease in margin was primarily driven by lower revenue. Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) also missed analyst estimates by 39%. Revenue is forecast to grow 1.8% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Oil and Gas industry in Canada. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 41 percentage points per year, which is a significant difference in performance. Announcement • Mar 14
Bonterra Energy Corp. Reaffirms Production Guidance for the Year 2025 Bonterra Energy Corp. reaffirmed production guidance for the year 2025. Annual average production of 14,600 and 14,800 BOE per day, weighted approximately 52% to 54% to oil and liquids. Announcement • Mar 01
Bonterra Energy Corp. to Report Q4, 2024 Results on Mar 14, 2025 Bonterra Energy Corp. announced that they will report Q4, 2024 results Pre-Market on Mar 14, 2025 Major Estimate Revision • Jan 30
Consensus EPS estimates fall by 10% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from CA$0.49 to CA$0.44 per share. Revenue forecast steady at CA$283.9m. Net income forecast to shrink 81% next year vs 5.9% growth forecast for Oil and Gas industry in Canada . Consensus price target of CA$6.31 unchanged from last update. Share price was steady at CA$3.65 over the past week. Announcement • Jan 17
Bonterra Energy Corp. announced that it expects to receive CAD 134.999767 million in funding Bonterra Energy Corp. announced that it has entered into an underwriting agreement in a private placement to issue senior secured second lien promissory notes for a gross proceeds of CAD 135 million on January 16, 2025. The notes have a term of five years. The Notes will be issued at a price of $981.16 per $1,000 principal amount of Notes and will accrue interest at the rate of 10.50% per annum. The Notes will mature on or about January 28, 2030 and will be secured on a second-lien basis by substantially all of its assets, subject to customary exclusions. The transaction is expected to close on or about January 28, 2025, subject to customary closing conditions. The Notes have not and will not be registered under the U.S. Securities Act of 1933, as amended. Price Target Changed • Dec 14
Price target decreased by 8.2% to CA$6.31 Down from CA$6.88, the current price target is an average from 4 analysts. New target price is 86% above last closing price of CA$3.40. Stock is down 34% over the past year. The company is forecast to post earnings per share of CA$0.49 for next year compared to CA$1.21 last year. Announcement • Dec 13
Bonterra Energy Corp. Provides Production Guidance for the Year 2025 Bonterra Energy Corp. provided production guidance for the year 2025. For the year, the company expects average daily production to be in the range of 14,600 BOE per day - 14,800 BOE per day. Reported Earnings • Nov 14
Third quarter 2024 earnings: EPS and revenues miss analyst expectations Third quarter 2024 results: EPS: CA$0.11 (down from CA$0.36 in 3Q 2023). Revenue: CA$62.0m (down 17% from 3Q 2023). Net income: CA$4.26m (down 68% from 3Q 2023). Profit margin: 6.9% (down from 18% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 5.6%. Earnings per share (EPS) also missed analyst estimates by 45%. Revenue is forecast to grow 1.0% p.a. on average during the next 3 years, compared to a 2.1% growth forecast for the Oil and Gas industry in Canada. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 45 percentage points per year, which is a significant difference in performance. Announcement • Nov 14
Bonterra Energy Corp. Revises Production Guidance for 2024 Bonterra Energy Corp. revised production guidance for 2024. Bonterra upwardly revised its 2024 annual guidance range with average production between 14,600 to 14,800 BOE per day, from the 13,800 to 14,200 BOE per day previously announced. New Risk • Nov 06
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 83% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 83% per year for the foreseeable future. Minor Risk Market cap is less than US$100m (CA$128.0m market cap, or US$91.9m). Price Target Changed • Oct 28
Price target decreased by 8.4% to CA$7.25 Down from CA$7.92, the current price target is an average from 3 analysts. New target price is 105% above last closing price of CA$3.54. Stock is down 49% over the past year. The company posted earnings per share of CA$1.21 last year. Price Target Changed • Oct 16
Price target decreased by 8.4% to CA$7.25 Down from CA$7.92, the current price target is an average from 3 analysts. New target price is 95% above last closing price of CA$3.72. Stock is down 49% over the past year. The company posted earnings per share of CA$1.21 last year. Price Target Changed • Oct 11
Price target decreased by 9.1% to CA$7.50 Down from CA$8.25, the current price target is an average from 3 analysts. New target price is 89% above last closing price of CA$3.97. Stock is down 44% over the past year. The company posted earnings per share of CA$1.21 last year. New Risk • Sep 11
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: CA$135.9m (US$99.9m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. This is currently the only risk that has been identified for the company. Recent Insider Transactions • Sep 08
CEO, President & Director recently bought CA$80k worth of stock On the 5th of September, Patrick Oliver bought around 20k shares on-market at roughly CA$3.98 per share. This transaction amounted to 29% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Patrick has been a buyer over the last 12 months, purchasing a net total of CA$388k worth in shares. Price Target Changed • Sep 05
Price target decreased by 7.8% to CA$7.92 Down from CA$8.58, the current price target is an average from 3 analysts. New target price is 106% above last closing price of CA$3.85. Stock is down 49% over the past year. The company posted earnings per share of CA$1.21 last year. Announcement • Aug 23
Bonterra Energy Corp. to Report Q3, 2024 Results on Nov 12, 2024 Bonterra Energy Corp. announced that they will report Q3, 2024 results After-Market on Nov 12, 2024 Reported Earnings • Aug 15
Second quarter 2024 earnings released: EPS: CA$0.20 (vs CA$0.24 in 2Q 2023) Second quarter 2024 results: EPS: CA$0.20 (down from CA$0.24 in 2Q 2023). Revenue: CA$64.6m (down 3.2% from 2Q 2023). Net income: CA$7.31m (down 17% from 2Q 2023). Profit margin: 11% (down from 13% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is expected to decline by 90% p.a. on average during the next 2 years, while revenues in the Oil and Gas industry in Canada are expected to grow by 2.9%. Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Announcement • Aug 14
Bonterra Energy Corp. Reiterates Production Guidance for the Year 2024 Bonterra Energy Corp. reiterated production guidance for the year 2024. The company reiterated previously announced 2024 annual guidance targeting 13,800 to 14,200 BOE per
day average production, stemming from a $90 million to $100 million 2024 capital expenditure budget. Recent Insider Transactions • Jul 11
CEO, President & Director recently bought CA$74k worth of stock On the 9th of July, Patrick Oliver bought around 15k shares on-market at roughly CA$4.91 per share. This transaction amounted to 30% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Patrick has been a buyer over the last 12 months, purchasing a net total of CA$284k worth in shares. Announcement • May 30
Bonterra Energy Corp. to Report Q2, 2024 Results on Aug 13, 2024 Bonterra Energy Corp. announced that they will report Q2, 2024 results After-Market on Aug 13, 2024 Reported Earnings • May 16
First quarter 2024 earnings released: EPS: CA$0.02 (vs CA$0.21 in 1Q 2023) First quarter 2024 results: EPS: CA$0.02 (down from CA$0.21 in 1Q 2023). Revenue: CA$57.9m (down 9.2% from 1Q 2023). Net income: CA$848.0k (down 89% from 1Q 2023). Profit margin: 1.5% (down from 12% in 1Q 2023). The decrease in margin was primarily driven by lower revenue. Revenue is expected to decline by 87% p.a. on average during the next 2 years, while revenues in the Oil and Gas industry in Canada are expected to grow by 5.5%. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Announcement • May 16
Bonterra Energy Corp. Reiterates Production Guidance for the Year 2024 Bonterra Energy Corp. reiterated production guidance for the year 2024. For the period, the company estimates production volumes between 13,800 and 14,200 BOE per day average production. Recent Insider Transactions • Apr 11
Independent Director recently sold CA$102k worth of stock On the 5th of April, John Campbell sold around 15k shares on-market at roughly CA$6.82 per share. This transaction amounted to 33% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought CA$113k more than they sold in the last 12 months. Recent Insider Transactions • Mar 28
CEO, President & Director recently bought CA$52k worth of stock On the 26th of March, Patrick Oliver bought around 8k shares on-market at roughly CA$6.30 per share. This transaction amounted to 23% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Patrick has been a buyer over the last 12 months, purchasing a net total of CA$185k worth in shares. Announcement • Mar 12
Bonterra Energy Corp. to Report Q1, 2024 Results on May 14, 2024 Bonterra Energy Corp. announced that they will report Q1, 2024 results on May 14, 2024 New Risk • Mar 08
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 16% Last year net profit margin: 24% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. This is currently the only risk that has been identified for the company. Reported Earnings • Mar 08
Full year 2023 earnings released: EPS: CA$1.21 (vs CA$2.20 in FY 2022) Full year 2023 results: EPS: CA$1.21 (down from CA$2.20 in FY 2022). Revenue: CA$279.0m (down 14% from FY 2022). Net income: CA$44.9m (down 43% from FY 2022). Profit margin: 16% (down from 25% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Announcement • Mar 08
Bonterra Energy Corp., Annual General Meeting, May 22, 2024 Bonterra Energy Corp., Annual General Meeting, May 22, 2024. Valuation Update With 7 Day Price Move • Mar 06
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CA$5.81, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 8x in the Oil and Gas industry in Canada. Total returns to shareholders of 49% over the past three years. Announcement • Feb 16
Bonterra Energy Corp. Reiterates Production Guidance for the Year 2024 Bonterra Energy Corp. reiterated production guidance for the year 2024. For the period, production volumes are expected to average between 13,800 and 14,200 BOE per day. Price Target Changed • Feb 04
Price target decreased by 7.7% to CA$8.40 Down from CA$9.10, the current price target is an average from 5 analysts. New target price is 83% above last closing price of CA$4.60. Stock is down 26% over the past year. The company is forecast to post earnings per share of CA$1.11 for next year compared to CA$2.20 last year. Buy Or Sell Opportunity • Jan 25
Now 20% overvalued Over the last 90 days, the stock has fallen 26% to CA$5.13. The fair value is estimated to be CA$4.26, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 31% over the last 3 years. Meanwhile, the company has become profitable. Price Target Changed • Jan 19
Price target decreased by 7.6% to CA$8.50 Down from CA$9.20, the current price target is an average from 5 analysts. New target price is 83% above last closing price of CA$4.65. Stock is down 31% over the past year. The company is forecast to post earnings per share of CA$1.23 for next year compared to CA$2.20 last year. Announcement • Jan 17
Bonterra Energy Corp. to Report Q4, 2023 Results on Mar 07, 2024 Bonterra Energy Corp. announced that they will report Q4, 2023 results on Mar 07, 2024 Price Target Changed • Dec 16
Price target decreased by 9.4% to CA$9.20 Down from CA$10.15, the current price target is an average from 5 analysts. New target price is 78% above last closing price of CA$5.18. Stock is down 18% over the past year. The company is forecast to post earnings per share of CA$1.23 for next year compared to CA$2.20 last year. Announcement • Dec 13
Bonterra Energy Corp. Provides Production Guidance for the Year 2024 Bonterra Energy Corp. provided production guidance for the year 2024. For the year, the company expects average daily production to be in the range of 13,800 BOE per day to 14,200 BOE per day. Reported Earnings • Nov 12
Third quarter 2023 earnings released: EPS: CA$0.36 (vs CA$0.49 in 3Q 2022) Third quarter 2023 results: EPS: CA$0.36 (down from CA$0.49 in 3Q 2022). Revenue: CA$72.1m (up 1.8% from 3Q 2022). Net income: CA$13.5m (down 24% from 3Q 2022). Profit margin: 19% (down from 25% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 43% p.a. on average during the next 2 years, compared to a 5.3% growth forecast for the Oil and Gas industry in Canada. Over the last 3 years on average, earnings per share has increased by 64% per year and the company’s share price has also increased by 64% per year. Announcement • Nov 09
Bonterra Energy Corp. Provides Production Guidance for the Year 2023 Bonterra Energy Corp. provided production guidance for the year 2023. The company anticipates full year 2023 average production will reach or exceed the upper end of the annual guidance range of 13,500 per day to 13,700 BOE per day. Announcement • Sep 10
Bonterra Energy Corp. to Report Q3, 2023 Results on Nov 08, 2023 Bonterra Energy Corp. announced that they will report Q3, 2023 results After-Market on Nov 08, 2023 Board Change • Sep 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Director Dave Humphreys was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Aug 22
Bonterra Energy Corp. Announces Appointment of Dave Humphreys to its Board of Directors Bonterra Energy Corp. announced the appointment of Mr. Dave Humphreys to the Company's Board of Directors effective August 21, 2023. Mr. Humphreys' executive leadership and advisory experience in the oil and natural gas industry spans more than 38 years and includes several successful, growth-oriented E&P companies, including his current role as Executive Vice President, Operations at Birchcliff Energy Ltd. His comprehensive management experience underpins a proven track record of building and guiding strong technical teams in the areas of executive leadership; operations; drilling and completions; health and safety; corporate governance; and sustainability. As an active and engaged member of the energy industry, Dave currently serves on the Board of Governors of the Explorers and Producers Association of Canada ("EPAC") and was its Chair in 2020. He is a member of both the Institute of Corporate Directors ("ICD") and the Association of Professional Engineers and Geoscientists of Alberta ("APEGA"), is a director of Energy Safety Canada ("ESC") and sits on the Safety Standards Council ("SSC"), and holds a Hydrocarbon Engineering Technology diploma from NAIT. Reported Earnings • Aug 11
Second quarter 2023 earnings released: EPS: CA$0.24 (vs CA$0.93 in 2Q 2022) Second quarter 2023 results: EPS: CA$0.24 (down from CA$0.93 in 2Q 2022). Revenue: CA$67.0m (down 32% from 2Q 2022). Net income: CA$8.84m (down 74% from 2Q 2022). Profit margin: 13% (down from 34% in 2Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has only increased by 70% per year, which means it is significantly lagging earnings growth. Announcement • Aug 11
Bonterra Energy Corp. Reaffirms Production Guidance for the Full Year 2023 Bonterra Energy Corp. reaffirmed production guidance for the full year 2023. Annual average production volumes are trending towards the high end of the previously provided guidance range of between 13,500 and 13,700 BOE per day, and are expected to be weighted approximately 60% to oil and liquids.