Buy, Sell or Hold: Bonavista Energy Corp (BNP-T) — Stock Predictions at Stockchase

Home Daily Stock Opinions and Ratings Bonavista Energy Corp (BNP-T)

TSE:BNP

0.04

0.01 (11.11%) 1d

SELL

What to do with the Bonavista debt deal? https://globalnews.ca/news/7088006/bonavista-energy-calgary-company/ A sad ending to a good company with fine assets and managers. Problem was that their debt was maturing in November 2020 and debt holders refused to extend that debt two-three years. BNP also couldn't get debt relief from EDC or BDC. For shareholders, it's a tough choice now. You have three options: 1) you can wait for the 5 cents after shareholders vote in July, 2) sell in the open market now at 7.5 cents, or 3) own a part of this as a private company with no liquidity or trading value until there's an exit strategy 3-4 years later. He will sell (option 2).

oil / gas

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PAST TOP PICK

(A Top Pick Feb 28/19, Down 58%) The market is concerned about their balance sheet. He still likes the cash flow outlook as it trades below 1 times cash flow. They are 30% liquids. They have a new large shareholder who holds 15% of the outstanding shares.

oil / gas

BUY on WEAKNESS

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.

oil / gas

PAST TOP PICK

(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.

oil / gas

DON'T BUY

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.

oil / gas

COMMENT

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.

oil / gas

SELL

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.

oil / gas

DON'T BUY

There is not reason to own this stock. There are so many other better quality companies out there.

oil / gas

PAST TOP PICK

(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.

oil / gas

TOP PICK

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)

oil / gas

PAST TOP PICK

(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.

oil / gas

TOP PICK

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)

oil / gas

PAST TOP PICK

(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.

oil / gas

PAST TOP PICK

(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

oil / gas

PAST TOP PICK

(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.

oil / gas

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Bonavista Energy Corp(BNP-T) Rating

Ranking : 1 out of 5

Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 0

Stockchase rating for Bonavista Energy Corp is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Bonavista Energy Corp(BNP-T) Frequently Asked Questions

What is Bonavista Energy Corp stock symbol?

Bonavista Energy Corp is a Canadian stock, trading under the symbol BNP-T on the Toronto Stock Exchange (BNP-CT). It is usually referred to as TSX:BNP or BNP-T

Is Bonavista Energy Corp a buy or a sell?

In the last year, there was no coverage of Bonavista Energy Corp published on Stockchase.

Is Bonavista Energy Corp a good investment or a top pick?

Bonavista Energy Corp was recommended as a Top Pick by on . Read the latest stock experts ratings for Bonavista Energy Corp.

Why is Bonavista Energy Corp stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Bonavista Energy Corp worth watching?

0 stock analysts on Stockchase covered Bonavista Energy Corp In the last year. It is a trending stock that is worth watching.

What is Bonavista Energy Corp stock price?

On 2020-08-14, Bonavista Energy Corp (BNP-T) stock closed at a price of $0.04.

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Bonavista Energy Corp(BNP-T) Rating

Bonavista Energy Corp(BNP-T) Frequently Asked Questions

What is Bonavista Energy Corp stock symbol?

Is Bonavista Energy Corp a buy or a sell?

Is Bonavista Energy Corp a good investment or a top pick?

Why is Bonavista Energy Corp stock dropping?

Is Bonavista Energy Corp worth watching?

What is Bonavista Energy Corp stock price?