GREY:BNPUF - Post by User
Comment by
topcheddon Feb 13, 2016 11:02pm
266 Views
Post# 24556951
RE:RE:RE:IM OUT AT 1.87 WITH THE DOUBLE OFF BOTTOM
RE:RE:RE:IM OUT AT 1.87 WITH THE DOUBLE OFF BOTTOMI don't care what the share price is, just taking solace in the. Fact Bonavista will survive unlike other energy companies. The debt is inmho a major factor in why this was beaten worse than maybe it should have and the assests and management team will be part of why it will be over-bought whenever the commodity price recovers. I would tend to agree with the previous point that this isn't a typical 2$ stock especially when 12 months ago the NAV was meassured at $11. There's many lands and plays BNP can sell, they can eliminate the divy if they wish ..either way, I've never sold a share, waiting for signals to buy ..oil has made a double bottom at $26 and I'm looking to see if $33 will be short term support or resistance when it eventually gets to this level. If $33 is reached and support at this level is confirmed. Bnp will for north of $4 fast. I will wait until $33 is either support or resistance and then I and manyyy will buy this name. Watch.