Bonterra Energy: The Turnaround Continues

Summary

• Bonterra Energy has shifted its strategy towards more liquids production since the founder retired and new management runs the company.
• Bonterra Energy reported first quarter results with increased natural gas production, influenced by a cold winter causing shut-ins.
• Despite lower natural gas prices, the company's focus on liquids production prevented a large loss.
• Management's acquisition of Charlie Lake acreage demonstrates a continuing shift towards more valuable liquids production to grow overall production.
• The second quarter has a Spring Breakup and hence low operating activity. Any growth depends upon incompletions from the busy winter season.