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Bonterra Energy: Substantially More Exposure To Oil Price Upside In 2027
Bonterra Energy offers substantially more exposure to oil price upside in 2027.
Context
What happened: Bonterra Energy (BNEFF)(BNE:CA) increased its working interest at Bonanza Charlie Lake from 90% to 100% and raised its 2026 production guidance by 400 BOEPD.
Key numbers: Working interest rose from 90% to 100%. 2026 guidance up 400 BOEPD. 2027 WTI hedges were 500 barrels per day at US$75 per barrel.
Why it matters: The small 2027 hedge position means Bonterra has substantially more exposure to oil price upside, and the added well and tuck-in acquisition support the higher guidance.
What changed
Bonterra Energy (BNEFF)(BNE:CA) increased its working interest at Bonanza Charlie Lake from 90% to 100% and raised its 2026 production guidance by 400 BOEPD.
Why it matters
The small 2027 hedge position means Bonterra has substantially more exposure to oil price upside, and the added well and tuck-in acquisition support the higher guidance.