Bonavista Energy Corp BNPUF

RE:RE:RE:Anybody here see where the bottom is ? I bought higher and..

[Empire82]

Look at the weekly chart of this stock, the only time its been lower than where it is now was back in the late 90's, under 2 bucks is basically rock bottom on a long term basis, 1.10 being the very bottom hit in march. The risk reward at these levels if I look at it with a longer term outlook is definitely in my favor

Tough to say exactly where it goes short term, could drop back to the 50dma of 1.44 on the daily chart, or with bad inventory numbers could drop even lower but I just keep adding small amounts here and there flipping shares around a core position knowing that eventually it will probably go much higher due to any one or these possibilities

1) BNP pays down debt 
2) Gas prices rise 
3) Canada gives the boot to its anti oil and gas anti pipeline government
4) A final investment decision is made regarding BC's LNG plant in Kitimat