Bonavista Energy Corp (BNP.TO) Buy, Sell or…

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Bonavista Energy Corp (BNP.TO)

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0.04

-0.01 (11.11%)

as of Aug 14, 2020, 8:00:00 pm Market Open.

140 watching

BUY

(Market Call Minute) Good, safe yield. Nice mid-cap producer.

HOLD

Good name. Doesn't think you will get any upside for a little while because it has a reasonably strong weighting to gas. You will get paid over time.

COMMENT

If he is right that there is going to be a 20% downside in the market, this will probably go lower than the lows you are currently seeing them back to such as those shown in 2008-2009. Great name and management is pretty good. If you own continue to hold otherwise, Buy on Weakness.

COMMENT

60% weighted towards natural gas. Likes the economics of their gas and it even make sense down to a very depressed gas price of perhaps $1.50 of MCF. Very little hedging in place but this is still a more defensive way to play a gas recovery. 7.2% yield.

COMMENT

Close to its October lows of 2011. Decline in stock has everything to do with market's perception of sustainability of the distribution. 60% gas with only about 10% of it hedged. Great balance sheet. DRIP program which ultimately saves them from paying out the cash flow over about 35% of the unit and he doesn't see the distribution getting cut.

BUY

Happy and a recent buy of it. Dividend is safe. First thing they would cut is Cap x and then would dispose of marginal assets if necessary to keep the dividend. If and when Nat Gas turns, it will be quite a turn.

PAST TOP PICK

(Top Pick mar 14/11, Down 26.27%) Obama, the environmentalist who shot down Keystone, also show down rule that required coal-fired power plants to convert natural gas in March. If that decision is reversed that will be the start of the turn of Nat Gas. Don’t jump in now.

DON'T BUY

Dividend is sustainable. Suffered from natural gas prices. 60% Nat. Gas. Dividend is somewhat suspect. Did a good job of hedging but hedges are coming off and they can’t replace them with a big enough spread. Well-managed company.

BUY

Has come back. Perception is that low nat gas will hurt them. They realize the importance of the dividend and will cut cap x rather than dividend. There is valuation support because there would be buyers.

PAST TOP PICK

(A Top Pick March 14/11. Down 14.59%.)

TOP PICK

Bought yesterday. Likes the nat. gas story long-term. If gas heads for $1.50, the shut-ins will kick in. 6% dividend.

BUY

Focused in Alberta and have great properties. Built up a marvellous bank of around 1340-1400 drilling locations of very interesting plays, particularly in those that have natural gas liquids. Looking for a total return of about 30% over the next year.

TOP PICK

Cheapest of the 4 he covers. Great land location in Alberta. Drilling inventory of 1350 wells over 5 years or more. Lots of horizontal drilling.

PAST TOP PICK

(A Top Pick Oct 21/10. Up 38.7%.)

BUY

In energy space, oil prices are working their way higher. He focuses in oily names, producers. LNG is also where he likes to be. He likes this one and the yield.

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Bonavista Energy Corp (BNP.TO)