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Bonavista Energy Corp BNPUF



GREY:BNPUF - Post by User

Bullboard Posts
Comment by konzelmannon Jan 31, 2016 9:58pm
277 Views
Post# 24511130

RE:RE:IM OUT AT 1.87 WITH THE DOUBLE OFF BOTTOM

RE:RE:IM OUT AT 1.87 WITH THE DOUBLE OFF BOTTOM
I know there will be some bears that castrate me for saying this, but this company today is basically the same company that had a share price of $17 in 2014. They haven't done anything fundamental themselves that change what this company is capable of being or make it any less valuable looking forward. The only difference is the price of oil and nat gas. Admittedly, if you ask 'anyone' today, they will tell you that oil and nat gas are at lows and this is not going to $17 again. While commodities may not hit previous highs any time soon, I think the market is always capable of over-reacting, and in the right situation, we'd be closer to the highs again than anyone would currently be brave enough to predict. If that were to happen, there is no reason why this cannot be over $10 again. If commodities rebounded, the dividend would increase, stock price would very likely to levels that currently seem very high. So anyone considering selling this at $2 should keep that in mind. $2 only seems like a good price to sell because the market has valued this stock so poorly because the market has been so negative. But this is not a $2 stock, this is at least a $10 stock that people threw out when they got scared into selling at all time lows..
Bullboard Posts