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IPOOF - Bonterra Energy: The Net Debt Before The Dividend
Anderson Energy Inc
Bonterra Energy (BNEFF) released its Q1 results and amended its credit facilities. As expected, with the recovery of Canadian oil prices, the company generated a strong total netback.
But management must still focus on reducing the net debt. Thus, I don't expect any dividend increase in 2019.
Despite the encouraging results and the recovery of the Canadian oil prices, the stock price stays flat. Before getting into the valuation, let's have a look at the Q1 results and the debt situation.