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Bonterra Energy ( (TSE:BNE) ) has provided an update.
Bonterra Energy Corp. has announced a private offering of $135 million in Senior Secured Second Lien Notes due 2030, with the proceeds aimed at simplifying its capital structure by repaying existing debts and enhancing liquidity. This strategic financial move positions Bonterra to further develop its assets in the Cardium, Charlie Lake, and Montney regions, and pursue acquisition strategies, strengthening its operational and market positioning.
More about Bonterra Energy
Bonterra Energy Corp. is a conventional oil and gas company with a significant land position in Alberta’s Pembina Cardium, one of Canada’s largest oil plays. The company focuses on liquids-weighted Cardium production, which forms the foundation of its operations.
YTD Price Performance: -3.75%
Average Trading Volume: 15,107
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $97.59M
See more data about BNE stock on TipRanks’ Stock Analysis page.
