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

Bonavista Energy Corp (BNP.TO)

0.04

-0.01 (11.11%)

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

140 watching

TOP PICK

Solid management. About 60% natural gas. Reserve life is slightly shorter than their peers. Trade at too much of a discount to the peer group. Yield of 11.75%. Very solid capital programme going forward.

BUY

Dropped along with other oil/gas stocks. A top quality run trust.

BUY

A bit more weighted to gas. Has a strong management team. Strong property portfolio. Valuations are reasonable.

DON'T BUY

One of his favourite trusts. Trading near its all-time highs. Valuation is higher than the rest of the group, but is warranted because of its great track record and management team. Fairly valued and upside is probably limited.

HOLD

Fairly priced right now. A good yield of a little over 10%. Distribution will likely be sustainable over the next year or two. Has some good assets.

HOLD

Higher quality. A lot of confidence. 60% payout ratio. Sharp correction in all the oil/gas trusts..

DON'T BUY

Reluctant to buy a number of energy trusts at today's prices. The pricing is such, that he would rather buy oil/gas through the more conventional vehicles. This one has a solid management team, excellent assets and an excellent track record. One of the best royalty trusts out there.

BUY ON WEAKNESS

One of the higher quality energy trusts. Likes the management team. One of the more conservative names. Looking a little expensive and would wait for a pullback before jumping in.

TOP PICK

This is the new model oil/gas trust, which has a more sustainable profile because of a fairly low payout ratio. Strong management team. Properties are diversified among oil and gas. Will be a long-term survivor.

BUY

Able to maintain the distribution and retain the reserve life out of their cash flow.

WEAK BUY

Crescent PointEnergy Trust (CPG.UN-T) and Bonavista Energy Trust (BNP.UN-T) are his 2 favourite income trusts. Extremely well run businesses. Great upside. His problem is that because of the trust structure with the declining asset base, it has a very different profile than a regular type of investment. Getting expensive and would like them when oil is $35.

BUY

One of the better energy trusts that are currently on the market. Excellent management. Reserve life is about 9 years and the quality of the assets is excellent. This trust always focus on high working interest and low risk drilling prospects.

BUY

Likes this one. Has traditionally had very high returns. Well managed and management owns a large chunk of the company.

COMMENT

(Ed. - Caller looking for diversification.) If you truly want diversification, you are probably better doing it through a fund.

BUY

Likes this name very much. Has excellent properties and management. Holds back a fairly substantial percentage of its cash flow for acquisitions.

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Bonavista Energy Corp (BNP.TO)