Bonavista Energy Corp (BNP.TO)

Good company but he has enough of this type of company in his portfolios. Good yield and an ability to keep the yield. Earnings and guidance going forward were better than expected.

(Market Call Minute) There is nothing dynamic about it at the moment.

Just upgraded this to a sector outperform today. Has a lot of value here. Metrics are starting to improve. Still not as cheap as something like Enerplus (ERF-T). There are others that are better, but the good news is there are a lot better days ahead than what you have seen. (See Top Picks.)

(Market Call Minute.) Good name.

(Market Call Minute) Could get excluded from an index, causing a lot of selling.

(Market Call Minute) Nat gas prices are low and there are better energy producers out there with yield and production growth.

Blue-chip company. Always been known for its low cost of operations. Market is not getting comfortable with the execution of their capital spending program. Some of the research he has seen indicates they are less than efficient. He is neutral on this stock. 6.6% dividend is secure.

(Top Pick October 24/12, Down 24.10%) Sold at $14.53 triggered by management cutting dividend.

(Top Pick Sep 24/12, Down 21.12%) He would not own it now. He lost confidence in management. He did sell it higher than it is here. ARX-T is in the same kind of business but the market thinks much differently of them. They continually said they would not cut the dividend and then they cut it.

The world hates oil sands oil. Keystone may not happen. Likes this one. Oil and gas, not oil sands – just heavy oil. Good yield. Gang buster quarter. 100% payout ratio is not bad here, he argues.

Balance sheet is very strong. This is largely more of a gas producer. Because, to his knowledge, they didn’t protect themselves from this blow out and the fact that they don’t own their own infrastructure, they are a bit more subjected to the price of natural gas. There are some near-term headwinds for the shares. Well regarded and has great assets but wouldn’t be at the top of his list. (See Top Picks.)

Chart shows a base building pattern that goes back to January, giving you a little bit of support. If you own, you could add to your holdings. Something that is a little disconcerting is the downward trend line from early 2011. On a Relative Strength basis, it is neither overbought or oversold. 6.3% dividend yield.

This one is selling at a discount to the group. Pays a very decent dividend of about 6.5%. Good growth. He has a target of $17. They have a good hedging program so have limited the gas risks.

$13 is probably a bottom. People felt they paid too much for a recent acquisition. Hold because there is no more downside, clip the 6.5% dividend but you won’t get much capital appreciation.

Will be a buy soon. They are gassy in a weak gas-price environment. Operationally they are sound but may have some messy quarters. Get in low $12s. He wants to re-initiate his position.