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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (38407)12/18/2017 7:53:42 PM
From: Goose94Read Replies (1) of 203019
 
Bonavista Energy (BNP-T) top pick from Josef Schachter on BNN.ca Market Call Monday Dec 18th @ 1300ET

BNP is a natural gas focused company that produced 71,191 boe/d in Q3/17 of which 71 per cent is natural gas. To keep production flat in 2018 they only need to spend $160M so any excess cash will be allocated to pay down debt. At the end of Q3/17 debt was $722M and BNP expects to pay down $100M in 2018 and a further $100M in 2019. BNP pays a dividend of $0.04 per year ($0.01 per quarter). We expect in 2019 they should be able to increase the dividend. Our 12-month stock price is $7.00 and our 30 year target is $20.00 per share. The stock traded at over $15 per share in the heady days of 2014. The all time high was in 2011 when it traded at $22.24 per share.
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