Bonavista Energy Corp BNPUF

RE:something happening with bnp!!!

[konzelmann]

The valuation of BNP is still really cheap.  It still has excellent potential.  

If you look out a bit to next year, I see NA oil production decreasing further, driving oil prices closer to $60 or $70.  We've had 8 straight weeks of EIA crude drawdowns, and NA production is the lowest it's been since mid 2014.  Demand continues to increase even though everyone's always 'warning' that demand 'could' weaken.  

If we get a cold winter, nat gas maybe goes to $3 or $4 like it did in 2014.  

What was BNP at in mid 2014?  

It's not going to go that high, but it can get much closer to $10.  

Heck, BTE can still go quite a bit higher too.  But I think BNP has more potential, and a better chance of that potential coming to fruitation because it'll go up substantially if oil OR nat gas does well, where as BTE you have to count on oil only.