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Bonnett's Energy Corp T.BT



TSX:BT - Post by User

Post by hawkowl1on Nov 20, 2012 12:16pm
272 Views
Post# 20622256

Risk takers the Toews

Risk takers the Toews

I admire Mr. Toews for what he has accomplished .

Clarke have been buying but they need to buy another 2 million shares to match what Murray and Colleen Toews own.

With common shares and options the Toews's own over 40% of BT.

Why I am mentioning this.

Because the family has been riding this investment up and down for years.

It is very risky for having so much wealth in one asset especially with the uncertainty the Canadian oil patch faces over the next several years with lack of pipeline capacity,soon no exports to U.S for natural gas,drop in North American demand for oil due to economy.

The world is facing serious economic issues over the next years. Bonnett is a very well run company but they are price takers in a very competitive cyclical sector.

Clarke has been buying for a reason. Perhaps they have insight of a future distribution or  like I

 are speculating that perhaps the Toews family may want to cash in all or part of their stake.

Either decision would be great for share price.

Still very much under valued.
 

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