Bonavista Energy Corp
BNP-T
151 watching
1
0
0
0
0
Your Reaction
From a trading perspective you can take a shot and buy it. But you want to flip it. It is not as cheap for the risk. Balance sheet is heavy with net debt over cash flow is 5.3 (you don't want to be over 3) They have bigger problems. Tough one. The Management has skin in the game but their balance sheet problems are very big.
From a trading perspective you can take a shot and buy it. But you want to flip it. It is not as cheap for the risk. Balance sheet is heavy with net debt over cash flow is 5.3 (you don't want to be over 3) They have bigger problems. Tough one. The Management has skin in the game but their balance sheet problems are very big.
(A Top Pick December 18, 2017. Down 25%). The company is about 75% natural gas. They generated cash flow last quarter of 25 cents on 68000 boe per day. He expects 2019 cash flow to grow to $1.08, compared to a share price of $1.47. Book value is $5.78. This will be a significant beneficiary of LNG Canada for 2023, along with Painted Pony, Birchcliff and Tourmaline.
(A Top Pick December 18, 2017. Down 25%). The company is about 75% natural gas. They generated cash flow last quarter of 25 cents on 68000 boe per day. He expects 2019 cash flow to grow to $1.08, compared to a share price of $1.47. Book value is $5.78. This will be a significant beneficiary of LNG Canada for 2023, along with Painted Pony, Birchcliff and Tourmaline.
The debt is simply too high for him. There are no buyers for this small cap stock. If you hold this, think about taking a tax loss.
The debt is simply too high for him. There are no buyers for this small cap stock. If you hold this, think about taking a tax loss.
Production is 68,000 boed with over 70% natural gas. They are right in the liquids rich fairway. He looks for cash flow to exceed $1.00 per share next year. Yield 3.0%. (Analysts’ price target is $1.82)
Production is 68,000 boed with over 70% natural gas. They are right in the liquids rich fairway. He looks for cash flow to exceed $1.00 per share next year. Yield 3.0%. (Analysts’ price target is $1.82)
Really likes this company. Is ridiculously cheap. They had very good 2nd quarter results. He does not think their debt is a problem. This company will survive and will throw off tremendous amounts of cash. He recommends buying it on weakness.
Really likes this company. Is ridiculously cheap. They had very good 2nd quarter results. He does not think their debt is a problem. This company will survive and will throw off tremendous amounts of cash. He recommends buying it on weakness.
Comments
10000