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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (55663)	4/19/2019 11:54:59 AM
From: Goose94	Read Replies (1) of 202988

Bonavista Energy (BNP-T) revisited top pick from Josef Schachter on BNN.ca Market Call Thirst-day Apr 18th @ 1200ET Bonavista has a $300-million market cap and had production of 69,154 barrels of oil equivalent per day (boe/d) in 2018. We’re forecasting 69,200 boe/d in 2019 (70 per cent natural gas). Production may decline in the first half of 2019 and start to grow again in the second half if our price deck is correct. Bonavista plans on using any excess funds to pay down debt. They paid down $60 million of debt in 2018 and are estimating paying down up to $40 million in 2019. With our higher price deck, we see them paying down up to $70 million this year. Bonavista’s book value is $5.97 per share. Our one-year target is $3.50 per share. We plan to continue to add to this position on weakness.

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