TSE:BNP

Bonavista Energy Corp (BNP.TO)

0.04
-0.01 (11.11%)
as of Aug 14, 2020, 8:00:00 pm Market Open.
140 watching
0
DON'T BUY
Obama looking at increasing taxes paid by companies that are creating more carbon emissions. This would impact oil coming from Canadian oil sands. However there are other places that will take the markets such as China. Oil is the safer play. COS.UN is a pure oil play, vs. BNP.UN. We expect softness in Gas.
STRONG BUY
Market Call Minute. Always had a premium multiple but now they have a discount.
BUY
Particularly good value here for medium and long term. Very well run. Could make a medium to small sized acquisition. Will be able to manage a transition into a corporation very well.
BUY
One of the ones he likes in that space. Impressive management. Thinks distribution cuts will be coming to all energy trusts. Enterprise value per BOE per day is around 40-45, which is very competitive making it one of the cheaper trusts.
COMMENT
Incredibly well run and incredibly transparent. Slightly too expensive. If anybody is going to get through this, they will. They will be acquirer's. On his list of things to own.
BUY
(Market Call Minute.) Looks like good value at this price. Very shrewd management.
BUY
Management has good track record on creating value. Just distributions. Balance sheet is in decent shape. Have a record of making accretive acquisitions so this is a good environment for them. 13.5% yield.
BUY
(Market Call Minute.) Well exposed to natural gas.
BUY
(Market Call Minute.) Solid management team. Possible distribution cut is coming that this is built into the price.
BUY ON WEAKNESS
One of the more solid royalty trusts. Approximately half oil and half gas. They might not have to cut their distributions. Try to buy on a down day.
BUY ON WEAKNESS
Good company. You have to time your purchases. Anything below $30. Mostly gas and has some properties in the Bakken area of Saskatchewan. Very well managed and management owns a significant portion of the trust. 11% yield.
BUY
67% focused on natural gas. Have recently been buying land in Saskatchewan that is more oil focused. Very solid management and they spend money very wisely.
BUY
(Market Call Minute.) Good gas exposure. A long-term hold.
TOP PICK
Stable company. Expects to see a near term great potential for distribution increase.
COMMENT
If you think long-term oil is going to remain at these levels, this is a buy. Payout ratio is fairly reasonable. Reserve life index is not bad.
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