What is Bonterra's stock symbol? How do I become a shareholder of Bonterra?
Bonterra's shares are listed on the Toronto Stock Exchange under the symbol ‘BNE’. Bonterra shares can be purchased through a broker or discount brokerage; they cannot be purchased directly from the Company.
What is Bonterra's dividend policy?
When supported by a strong balance sheet and robust operating conditions, Bonterra would explore the reinstatement of its dividend, and consistent with previous practices, would target monthly dividend payments dependent upon commodity prices and production levels, among other factors. Management and the Board of Directors monitor debt levels, production volumes, dividend levels, capital expenditures and payout ratios on a monthly basis in their assessment of the dividend reinstatement.
What is Bonterra's hedging policy?
To mitigate commodity price volatility and protect future Funds Flow, the Company’s Board implemented a hedging policy to opportunistically lock-in or set boundaries on prices which can support Bonterra’s capital program and sustainability. This policy allows the Company to hedge up to 50% of production volumes for up to one-year forward. Over the past few years, on several occasions Bonterra has been hedged between 30 and 40%. During periods of market weakness, above normal debt levels or commodity price volatility, Management is committed to executing a larger and more regimented hedging program. Bonterra does not currently hedge interest rates or foreign exchange.
What is Bonterra's production?
Bonterra's average daily production for the fourth quarter of 2020 was approximately 10,091 BOE per day (see March 9, 2021 press release for more details).
What is Bonterra's production mix?
Bonterra's production mix in the fourth quarter of 2020 was comprised of approximately 63 percent crude oil and natural gas liquids and 37 percent natural gas.
What is Bonterra's reserve life index?
At December 31, 2020, Bonterra's reserve life index ("RLI") was approximately 24 years on a proved plus probable basis. The RLI is calculated annually based on the year-end reserves report.