Bonavista Energy Corp

BNP-T

Analysis and Opinions about BNP-T

Signal
Opinion
Expert
BUY WEAKNESS
BUY WEAKNESS
October 10, 2019
A lot of these companies are no longer in the TSX. The stock is very cheap. It is a problem candidate on the tax losing scene.
A lot of these companies are no longer in the TSX. The stock is very cheap. It is a problem candidate on the tax losing scene.
Josef Schachter
President, Schachter Asset Management
Price
$0.485
Owned
Unknown
PAST TOP PICK
PAST TOP PICK
July 25, 2019
(A Top Pick Jul 16/18, Down 70%) Good cash flow, using excess to pay down debt. It will survive. They're a beneficiary of apportionment. Will benefit from better nat gas prices.
(A Top Pick Jul 16/18, Down 70%) Good cash flow, using excess to pay down debt. It will survive. They're a beneficiary of apportionment. Will benefit from better nat gas prices.
Josef Schachter
President, Schachter Asset Management
Price
$0.455
Owned
Yes
DON'T BUY
DON'T BUY
July 19, 2019
Why buy a highly levered nat gas stock that may have contravened debt covenants? You're not being paid for that level or risk. There's no reason to own this.
Why buy a highly levered nat gas stock that may have contravened debt covenants? You're not being paid for that level or risk. There's no reason to own this.
Eric Nuttall
Partner & Senior Portfolio Manager, Ninepoint Partners
Price
$0.440
Owned
No
COMMENT
COMMENT
May 24, 2019
BNP and BXE Both are carrying high levels of debt. BNP-T has been paying down debt and will try to keep production flat. He intends to buy more of both. BXE-T will be doing a 12:1 reverse split on the shares sometime in June.
BNP and BXE Both are carrying high levels of debt. BNP-T has been paying down debt and will try to keep production flat. He intends to buy more of both. BXE-T will be doing a 12:1 reverse split on the shares sometime in June.
Josef Schachter
President, Schachter Asset Management
Price
$0.680
Owned
Yes
SELL
SELL
May 2, 2019

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.

Greg Newman
Director & Portfolio Manager, Scotia Wealth Management
Price
$0.970
Owned
Unknown
DON'T BUY
DON'T BUY
April 26, 2019
There is not reason to own this stock. There are so many other better quality companies out there.
There is not reason to own this stock. There are so many other better quality companies out there.
Eric Nuttall
Partner & Senior Portfolio Manager, Ninepoint Partners
Price
$1.100
Owned
No
PAST TOP PICK
PAST TOP PICK
April 18, 2019
(A Top Pick Apr 03/18, Down 4%) Pays a dividend. Focused on paying down debt and keeping volumes down. If they pay down debt this year, then in 2020 they can start growing the company. Trading cheaply.
(A Top Pick Apr 03/18, Down 4%) Pays a dividend. Focused on paying down debt and keeping volumes down. If they pay down debt this year, then in 2020 they can start growing the company. Trading cheaply.
Josef Schachter
President, Schachter Asset Management
Price
$1.160
Owned
Yes
TOP PICK
TOP PICK
April 18, 2019
Natural gas pick. Likes the company. Cheap here. Paying down debt in 2019. $3.50 target in next year or two is reasonable. Balance sheet's improving. Yield is 3.48%. (Analysts’ price target is $1.45)
Natural gas pick. Likes the company. Cheap here. Paying down debt in 2019. $3.50 target in next year or two is reasonable. Balance sheet's improving. Yield is 3.48%. (Analysts’ price target is $1.45)
Josef Schachter
President, Schachter Asset Management
Price
$1.160
Owned
Yes
PAST TOP PICK
PAST TOP PICK
March 28, 2019
(A Top Pick Mar 16/18, Down 6%) They exceed his cash flow projections. They paid down debt. They are doing the right thing in paying down debt along the way. His target is $3.50.
(A Top Pick Mar 16/18, Down 6%) They exceed his cash flow projections. They paid down debt. They are doing the right thing in paying down debt along the way. His target is $3.50.
Josef Schachter
President, Schachter Asset Management
Price
$1.130
Owned
Yes
TOP PICK
TOP PICK
February 28, 2019
Their focus is to keep production flat. They beat his last year's forecast for cash flow. They are paying down debt. $5.95 is their book value. NAV is $4.64. He owns the stock personally. His one year target is $3.50. This is ridiculously cheap. (Analysts’ price target is $1.39)
Their focus is to keep production flat. They beat his last year's forecast for cash flow. They are paying down debt. $5.95 is their book value. NAV is $4.64. He owns the stock personally. His one year target is $3.50. This is ridiculously cheap. (Analysts’ price target is $1.39)
Josef Schachter
President, Schachter Asset Management
Price
$1.250
Owned
Yes
PAST TOP PICK
PAST TOP PICK
January 31, 2019
(A Top Pick Jan 10/18, Down 37%) It is even cheaper now. They did not do the loan growth he thought they would. Right now it is at about a 30% discount to book value. Right now it is a value trap. You could buy this if China and Europe have turned around.
(A Top Pick Jan 10/18, Down 37%) It is even cheaper now. They did not do the loan growth he thought they would. Right now it is at about a 30% discount to book value. Right now it is a value trap. You could buy this if China and Europe have turned around.
Robert Lauzon
Deputy Chief Investment Officer, Middlefield Capital Corporation
Price
$1.220
Owned
Yes
PAST TOP PICK
PAST TOP PICK
January 24, 2019
(A Top Pick Jan 15/18, Down 35%) All these natural gas stocks have been beaten up. It bottomed last year. We have a big decline in the storage data last week. He thinks we will see it go up to $4. He would buy on weakness
(A Top Pick Jan 15/18, Down 35%) All these natural gas stocks have been beaten up. It bottomed last year. We have a big decline in the storage data last week. He thinks we will see it go up to $4. He would buy on weakness
Josef Schachter
President, Schachter Asset Management
Price
$1.270
Owned
Yes
PAST TOP PICK
PAST TOP PICK
December 17, 2018
(A Top Pick Dec 18/17, Down 47%) A year from now all three of these names should look really good. They have positive cash flow because they have firm hedges. Be bought stock last week.
(A Top Pick Dec 18/17, Down 47%) A year from now all three of these names should look really good. They have positive cash flow because they have firm hedges. Be bought stock last week.
Josef Schachter
President, Schachter Asset Management
Price
$1.020
Owned
Yes
DON'T BUY
DON'T BUY
November 16, 2018
Tax loss season never seems to materialize to the negative force that people anticipate. This is a small cap, indebted company, where the growth rate is not high enough to attract capital. It is not on his radar screen. Nobody cares about this name. You need to buy a name that US money will be interested in.
Tax loss season never seems to materialize to the negative force that people anticipate. This is a small cap, indebted company, where the growth rate is not high enough to attract capital. It is not on his radar screen. Nobody cares about this name. You need to buy a name that US money will be interested in.
Eric Nuttall
Partner & Senior Portfolio Manager, Ninepoint Partners
Price
$1.330
Owned
No
PAST TOP PICK
PAST TOP PICK
October 9, 2018

(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.

Josef Schachter
President, Schachter Asset Management
Price
$1.440
Owned
Yes
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