TSE:BNP
0.04
0.01
(11.11%)
Bonavista Energy Corp
BNP-T
Analysis and Opinions about BNP-T
Signal
Opinion
Expert
SELL
SELL
June 23, 2020
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).
Show full opinionHide full opinion
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).
PAST TOP PICK
PAST TOP PICK
January 24, 2020
(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.
Show full opinionHide full opinion(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.
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.
Show full opinionHide full opinionA 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.
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.
Show full opinionHide full opinion(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.
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.
Show full opinionHide full opinionWhy 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.
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.
Show full opinionHide full opinionBNP 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.
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.
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.
Show full opinionHide full opinionThere is not reason to own this stock. There are so many other better quality companies out there.
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.
Show full opinionHide full opinion(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.
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)
Show full opinionHide full opinionNatural 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)
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.
Show full opinionHide full opinion(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.
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)
Show full opinionHide full opinionTheir 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)
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.
Show full opinionHide full opinion(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.
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
Show full opinionHide full opinion(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
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.
Show full opinionHide full opinion(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.
Bonavista Energy Corp(BNP-T) Rating
Ranking : 3 out of 5
Bullish - Buy Signals / Votes : 2
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 1
Total Signals / Votes : 3
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, 3 stock analysts published opinions about BNP-T. 2 analysts recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is SELL. Read the latest stock experts' ratings for Bonavista Energy Corp.
Is Bonavista Energy Corp a good investment or a top pick?
Bonavista Energy Corp was recommended as a Top Pick by Josef Schachter on 2020-06-23. 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?
3 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.
