Bonavista Energy Corp BNPUF

RE:Any updates and thoughts on Bonavista?

[BargainHunter88]

The lack of activity on the board seems to indicate many have lost interest in BNP. While the transaction between CVE and NVA reaffirms the value of deep basin assets. Just a quick and dirty analysis. On a BOE/d basis, if we apply a 58% discount to BNP's production (higher % of dry gas), the share holder equity should be around 5, which coincidently agrees with the book value.