Company Overview: Bonterra Energy Corp. (TSX: BNE) is a Calgary-based oil and gas exploration and production company that provides investors with exposure to a portfolio of high-impact assets across three of Alberta’s leading light oil plays. This Report covers Price Action, Technical Indicators Analysis along with the Stop Loss Levels, Target Prices, and Recommendation on this one stock.

Canada Market Round-Up

The S&P/TSX Composite Index ended the week ended October 16, 2026, on a positive note, rising 1.44% to close at 36,176.55, although the pace of recent gains has moderated. From a technical perspective, the outlook remains cautiously bullish, with the index holding above its horizontal trendline support and 50-day Simple Moving Average (SMA), indicating underlying strength and continued buying interest on market dips. The 14-period Relative Strength Index (RSI) stands at 59.24, reflecting positive momentum while leaving room for potential consolidation or short-term profit-taking. Looking ahead, immediate resistance is positioned near 36,647.20. A decisive breakout above this level could strengthen bullish sentiment and pave the way for further upside. On the downside, immediate support lies near 35,210.06, where renewed buying interest could help sustain the prevailing uptrend. However, a sustained break below this support level may weaken the technical outlook and increase the risk of a deeper correction.

On the macro front, the upcoming major economic events that may impact the Canadian market sentiment include CA Retail Sales m/m, US Housing Starts and US Unemployment Claims.

Past performance is not a reliable indicator of future performance.