GREY:BNPUF - Post by User
Comment by
Snowhouseon May 10, 2019 1:06am
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Post# 29732519
RE:RE:Hey all bashers and shorties
RE:RE:Hey all bashers and shortiesIf we go by your logic then why Athabasca is lagging behind than Baytex? Trican should not be trading where it is right now.
BNP was among the very few small caps who survived the Dec 2018 crash. It didn’t fall as much as other O&G producers. Market got the change with Q1’19 ER to complete that pending pattern. Reiterating again here, let the sector sentiment improve and all ducks will align on it’s own. Remember, the darkest before the dawn.
Good Luck.
BargainHunter88 wrote: To me, this offers a chance to switch to less indebted/safer players as the market throws the babies out with bath water as they say.
Assuming that BNP survives this downturn without massive dilution/restructuring, once the sentiments start to shift in the positive direction, the more indebted players will recover less and/or at a much delayed pace than the others.
Pull a chart of TOU versus Peyto you will see exactly what I was talking about.