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Bonnett's Energy Corp T.BT



TSX:BT - Post by User

Comment by hawkowl1on May 09, 2013 1:53pm
217 Views
Post# 21358344

RE: Good value

RE: Good value

Outstanding first quarter! Did not take them long to bump up the dividend 40%.Still a under appreciated

little gem. Dividend of .28 cents is about 17% of what I estimate for cash flow this year.

Low debt and growing. I am amazed that this is still under $6. Next year with much lower cap ex

I can see another big increase in distribution.  If anything it deserves a premium valuation due to its

respect from clients in the industry. They have an excellent reputation and are diversified in what they offer.

The capital program this year will add even more value to shareholders.

Float is getting tighter and tighter every day with long term value shareholders holding forever.
I added on first quarter news.

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