Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
Calgary, Alberta--(Newsfile Corp. - August 12, 2020) - Bonavista Energy Corporation (TSX: BNP) ("Bonavista" or the "Company") today announced the completion of its previously announced recapitalization transaction (the "Recapitalization Transaction") as further described in the Company's management information circular dated July 2, 2020 and implemented pursuant to a court-approved plan of arrangement under the Canada Business Corporations Act (the "Plan of Arrangement"). As previously announced, pursuant to the approvals obtained in respect of the Plan of Arrangement all existing shareholders...
Calgary, Alberta--(Newsfile Corp. - August 4, 2020) - Bonavista Energy Corporation (TSX: BNP) ("Bonavista" or the "Company") today announced that, in connection with the previously announced recapitalization transaction (the "Recapitalization Transaction") described in the Company's management information circular dated July 2, 2020, the Company has obtained a final order (the "Final Order") from the Court of Queen's Bench of Alberta approving the plan of arrangement under the Canada Business Corporations Act (the "Plan of Arrangement") pursuant to which the Recapitalization Transaction is be...
Calgary, Alberta--(Newsfile Corp. - July 30, 2020) - Bonavista Energy Corporation (TSX: BNP) ("Bonavista") is pleased to report to shareholders its financial and operating results for the six months ended June 30, 2020. The financial statements and notes, as well as management's discussion and analysis, are available on the System for Electronic Document Analysis and Retrieval ("SEDAR") at and on Bonavista's website at .MESSAGE TO SHAREHOLDERSThe devastating health crisis and deceleration of the global economy has led to severe consequences, across the North American energy sector. Over the ...
Calgary, Alberta--(Newsfile Corp. - July 30, 2020) - Bonavista Energy Corporation (TSX: BNP) ("Bonavista" or the "Company") today announced that at the meetings (the "Meetings") of holders (the "Senior Noteholders") of the Company's outstanding (i) 4.37% Notes due November 2, 2020; (ii) 4.25% Notes due October 25, 2021; (iii) 4.47% Notes due November 2, 2022; (iv) 3.68% Notes due May 23, 2023; (v) 4.09% Notes due May 23, 2023; (vi) 3.80% Notes due April 25, 2025; and (vii) 3.78% Notes due May 23, 2025 (collectively, the "Senior Notes") and holders (the "Existing Shareholders") of the Company'...
Calgary, Alberta--(Newsfile Corp. - July 17, 2020) - Bonavista Energy Corporation (TSX: BNP) ("Bonavista" or the "Company") announces Institutional Shareholder Services Inc. ("ISS") and Glass, Lewis & Co., LLC ("Glass Lewis") have recommended that Bonavista shareholders vote FOR all of the resolutions relating to the proposed recapitalization of the Company that are outlined in Bonavista's management information circular dated July 2, 2020 prepared in respect of the annual and special meeting of Bonavista shareholders scheduled for July 30, 2020 at 10:30 a.m. (MDT).ISS and Glass Lewis are pro...
Two Directors at Bonavista Energy Corporation sold 26,963,400 shares at between 0.052CAD and 0.055CAD. The significance rating of the trade was 88/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's dire...
Calgary, Alberta--(Newsfile Corp. - June 19, 2020) - Bonavista Energy Corporation (TSX: BNP) ("Bonavista" or the "Company") announced today that the Court of Queen's Bench of Alberta (the "Court") has issued an interim order (the "Interim Order") authorizing, among other things, the holding of the following meetings (collectively, the "Meetings"): (i) a meeting (the "Senior Noteholders' Meeting") of holders of the Company's outstanding: (i) 4.37% Notes due November 2, 2020; (ii) 4.25% Notes due October 25, 2021; (iii) 4.47% Notes due November 2, 2022; (iv) 3.68% Notes due May 23, 2023; (v) 4....
Calgary, Alberta--(Newsfile Corp. - June 19, 2020) - Bonavista Energy Corporation (TSX: BNP) ("Bonavista" or the "Company") announced today a proposed recapitalization transaction (the "Recapitalization Transaction") designed to balance the capital structure and strengthen the Company's overall financial position. The Recapitalization Transaction would, among other things, reduce the Company's total outstanding debt by approximately $482.6 million (representing 56% of the Company's current outstanding debt) and reduce cash interest payments by approximately $16 million annually (representing ...
Calgary, Alberta--(Newsfile Corp. - June 15, 2020) - Bonavista Energy Corporation (TSX: BNP) ("Bonavista" or the "Company") announces that the period under which the previously announced forbearance agreements (the "Forbearance Agreements") among Bonavista and the lenders (the "Lenders") under the Company's amended and restated credit agreement dated as of September 8, 2017 (the "Credit Agreement") and the holders (the "Noteholders") of the Company's senior notes (collectively, the "Notes") has been extended to June 17, 2020 in order to continue negotiations of Bonavista's debt maturities, in...
Calgary, Alberta--(Newsfile Corp. - May 28, 2020) - Bonavista Energy Corporation (TSX: BNP) ("Bonavista" or the "Company") announces that the period under which the previously announced forbearance agreements (the "Forbearance Agreements") among Bonavista and the lenders (the "Lenders") under the Company's amended and restated credit agreement dated as of September 8, 2017 (the "Credit Agreement") and the holders (the "Noteholders") of the Company's senior notes (collectively, the "Notes") has been extended to June 15, 2020 in order to continue negotiations of Bonavista's debt maturities, in ...
Calgary, Alberta--(Newsfile Corp. - May 13, 2020) - Bonavista Energy Corporation (TSX: BNP) ("Bonavista") is pleased to report to shareholders its financial and operating results for the three months ended March 31, 2020. The financial statements and notes, as well as management's discussion and analysis, are available on the System for Electronic Document Analysis and Retrieval ("SEDAR") at and on Bonavista's website at .MESSAGE TO SHAREHOLDERSThe devastating COVID-19 health crisis and corresponding deceleration of the global economy has created unprecedented uncertainty in the balance betwe...
Calgary, Alberta--(Newsfile Corp. - May 4, 2020) - Bonavista Energy Corporation (TSX: BNP) ("Bonavista" or the "Company") announces that it has entered into forbearance agreements (the "Forbearance Agreements") with the lenders (the "Lenders") under the Company's amended and restated credit agreement dated as of September 8, 2017 (the "Credit Agreement") and with holders (the "Noteholders") of the Company's senior notes (collectively, the "Notes"). Pursuant to the Forbearance Agreements, the Lenders and the Noteholders have agreed, among other things, to not exercise certain rights and remedi...
The independent financial analyst theScreener just requalified the general evaluation of BONAVISTA ENERGY CORP. (CA), active in the Exploration & Production industry. As regards its fundamental valuation, the title still shows 2 out of 4 stars and its market behaviour is seen as risky. theScreener believes that the unfavourable environment weighs on the sector and penalises the company, which sees a downgrade to its general evaluation to Negative. As of the analysis date May 1, 2020, the closing...
Calgary, Alberta--(Newsfile Corp. - April 27, 2020) - Bonavista Energy Corporation (TSX: BNP) ("Bonavista" or the "Company") announces that the Company, its banking syndicate (the "Lenders"), and the holders (the "Noteholders") of the Company's senior unsecured notes have been actively negotiating the reorganization of the Company's debt maturities and related interim arrangements. In connection with such matters, the Lenders continue to allow the Company access to the swing line loan facility effective as of March 20, 2020 provided for under the existing unsecured $500 million bank credit f...
Calgary, Alberta--(Newsfile Corp. - March 24, 2020) - Bonavista Energy Corporation (TSX: BNP) ("Bonavista" or the "Company") and Canadian Imperial Bank of Commerce ("CIBC") as administrative agent on behalf of a syndicate of lenders, including CIBC, The Toronto-Dominion Bank, Bank of Montreal, Royal Bank of Canada, The Bank of Nova Scotia, National Bank of Canada, ATB Financial and Federation des Caisses Desjardins du Quebec, under its existing unsecured $500 million bank credit facility (the "Facility") have agreed, subject to certain conditions, to a waiver of conditions precedent to drawd...
Calgary, Alberta--(Newsfile Corp. - March 18, 2020) - Bonavista Energy Corporation (TSX: BNP) ("Bonavista" or the "Company") has worked extensively over the past twelve months in an effort to realign its near term debt maturities and maintain adequate liquidity to continue ordinary course operations in extraordinary market conditions. As part of these efforts, Bonavista issued a draw request for $175 million available under its existing $500 million bank credit facility (the "Facility") with a syndicate of eight Canadian banks consisting of Canadian Imperial Bank of Commerce ("CIBC"), The Tor...
Calgary, Alberta--(Newsfile Corp. - February 13, 2020) - Bonavista Energy Corporation (TSX: BNP) ("Bonavista") is pleased to report to shareholders its financial and operating results for the three months and year ended December 31, 2019. The financial statements and notes, as well as management's discussion and analysis, are available on the System for Electronic Document Analysis and Retrieval ("SEDAR") at and on Bonavista's website at .MESSAGE TO SHAREHOLDERS2019 underscores another year committed to enhancing corporate sustainability through the consolidation and optimization of assets wi...
Calgary, Alberta--(Newsfile Corp. - December 5, 2019) - Bonavista Energy Corporation (TSX: BNP) ("Bonavista" or the "Company") is pleased to announce the acquisition of certain oil and liquids rich natural gas weighted properties (the "Acquired Assets") located within our West Central Alberta core area (the "Acquisition") which are synergistic to our existing operations, complementary to our development plans and accretive to our debt leverage.The transaction closed on December 4th, 2019 with an effective date of November 1st, 2019. The purchase price of $53.3 million, which is subject to cust...
Calgary, Alberta--(Newsfile Corp. - November 5, 2019) - Bonavista Energy Corporation (TSX: BNP) ("Bonavista") is pleased to report to shareholders its financial and operating results for the three and nine months ended September 30, 2019. In the third quarter of 2019, we generated adjusted funds flow of $34.6 million and successfully drilled our first Duvernay horizontal well. The financial statements and notes, as well as management's discussion and analysis, are available on the System for Electronic Document Analysis and Retrieval ("SEDAR") at and on Bonavista's website at .MESSAGE TO SHAR...
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