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Bonavista Energy Corp BNPUF

Energy Oil & Gas E&P


GREY:BNPUF - Post by User

Bonavista Energy Corp > Concerned
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Comment by Spikearoo1on Feb 09, 2018 8:58pm
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Post# 27537294

RE:RE:RE:RE:RE:Concerned

RE:RE:RE:RE:RE:Concerned Why would you think that they would be in risk of bankruptcy? Their debt is manageable and they are cutting costs and keeping things in check from expense point of view. I think that this a great value play, a real Ben Graham play. Pays a nice dividend, trades well below BV, decent CF and PE is starting to look better as they get their earnings back on track. It's hard to buy when everyone else is selling. I picked up a ton more today in BNP at a 1.30 and ditto for CVE and CPG. Sold all my MEG yesterday which I still like, but I think she be going down below $5 where I can pick up again. Anyhow, enjoy the dividend and buy more on these dips. In a few years it won't matter cause you will be glad you did. Good luck all...
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