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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Bankers Pet | BNK | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 125.50 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 125.50 | 125.50 |
| Top Posts |
|---|
Posted at 06/4/2016 07:45 by dukedosh Albania-focused heavy oil producer Bankers Petroleum Ltd. (BNK) added five cents to $1.83 on 2.08 million shares, after releasing an operational update for the first quarter and trying to boost investor confidence in its proposed takeover offer from China's Geo-Jade Petroleum Corp. Geo-Jade offered $2.20 a share on March 20, but the stock, though it jumped up eagerly from around $1.10, has since stayed stubbornly around $1.80, demonstrating shareholders' skepticism that the offer will go through. Geo-Jade is a difficult buyer to assess. Its shares were in a trading blackout from Sept. 18 to today, apparently because the company has been working on a "material restructuring" (according to Chinese-language documents). The restructuring was announced with and includes the $575-million Bankers deal, as well as the 8.2-billion-yuan (about $1.6-billion) acquisition of a Shanghai investment company, partially financed through a proposed equity financing for up to seven billion yuan. The risk that Geo-Jade will not be able to complete the financing seems to be the largest stumbling block Bankers' investors. Bankers has not really addressed that risk; today's update merely said that the parties "have commenced preparation of the various applications for the necessary regulatory approvals." The regulators are not what investors are worried about. They should get a chance to learn more about Geo-Jade and its financial abilities at Bankers' special meeting to vote on the deal, scheduled for May 31. Bankers wants them to vote in favour. If everything works out, the deal is expected to close by the end of June.Meanwhile, operationally, Bankers had a quiet first quarter, producing 17,363 barrels of oil a day. This is down from 19,767 barrels a day a year earlier. The drop was no surprise, seeing as Bankers suspended all drilling activity at the end of last year because of low oil prices. It has focused so far this year on its EOR (enhanced oil recovery) programs and a few infrastructure projects that are intended to reduce operating and transportation costs. |
Posted at 18/5/2014 11:02 by malkiel This could stimulate more interest in this underrated share:Bankers Petroleum to Host 2014 Investor Day CALGARY, May 13, 2014 /PRNewswire/ - Bankers Petroleum Ltd. is pleased to announce that it will hold an Investor Day presentation for analysts and institutional investors in Toronto and London in June. Members of the Company's Management and technical team will present on the topics of cost structure, early-stage polymer and water flood results as well as the 5-year plan for the Company. Toronto - June 9 and London- June 11 Event Details Toronto, Canada One King West Hotel Monday, June 9, 2014 12:00 pm - 3:00 pm London, England The May Fair Hotel Wednesday, June 11, 2014 8:00 am - 11:00 am Institutional investors and analysts that are interested in attending are requested to register by emailing Laura Bechtel at for further details on the 2014 Investor Days. Webcast detail will be announced prior to the event. |
Posted at 04/5/2014 09:43 by malkiel Thanks to JGraham3000 on Stockhouse.Albania's Fertile Grounds for Oil Opportunities Frank Holmes, CEO and Chief Investment Officer, U.S. Global Investors writes: This was my third trip to Albania. I last visited the country in 2004 when we were seed investors in another oil play there, Bankers Petroleum. Today Bankers' Albanian discovery is the largest onshore oilfield in all of Europe. The company is now close to 40 percent of Albania's FDI and is reinvesting all cash flow back into the country, about $300 million per year. Bankers has done an amazing job cleaning up the environmental disaster left behind by previous operators of the assets which Bankers is developing. Today the fields are green and sheep roam freely. Old and dirty early rigs have been replaced with new safer, cleaner technology. So much has changed since my last visit. The country is more prosperous and more verdant. Capital city Tirana's infrastructure and roads have improved by a quantum leap in the past 10 years. Every morning I ran in Rinia Park, the large central public park, with Marin Katusa of Casey Research. We were impressed with the hundreds of locals jogging at 7 a.m. |
Posted at 02/5/2014 10:58 by malkiel Analysts at Dundee Securities increased their target price on shares of Bankers Petroleum (TSE:BNK) from C$7.70 to C$7.90 in a research report issued to clients and investors on Wednesday, AnalystRatingsNetwor |
Posted at 08/4/2013 20:39 by fangorn2 Perhaps investors were underwhelmed by this...Bankers Petroleum Limited Operational Update for the First Quarter 2013 Bankers have certainly had a tough ride recently. Not been following them that closely. anyone have an inside scoop.Albania not seen favourably? |
Posted at 24/2/2012 20:22 by billy_buffin Seeking Alpha |
Posted at 26/1/2012 00:47 by sander4709 BNK have a new presentation here: |
Posted at 09/1/2012 17:56 by billy_buffin Ops Update 4th quarter:Edit: Jan 9th 2012 Presentation: |
Posted at 13/5/2011 14:09 by billy_buffin News release |
Posted at 23/6/2010 20:26 by sandbank HAWKS: It was Edmund Jackson who drew my attention to this one. This is what he wrote back at the end of May:- 29-5-10 And so it is interesting to consider the AIM-listed shares in Bankers Petroleum (BNK) which have fallen sharply in recent weeks from about 630p, but notably were one of the market's largest risers - up 8% to 460p - on Wednesday 26 May. Tacit recognition, perhaps, that the company has a more attractive risk/reward profile than recent sellers feared. The recovery is minor in a recent chart context, but means you are not trying to 'catch a falling knife' as a share plunges. There are two likely reasons behind the volatility, of interest to long-term investors... Firstly, BNK is a producer hence lower-risk than most 'E&P' shares which involve exploration. This three-year-old Canadian company was formed specifically to develop assets in Albania, the principal one at Patos-Marinza being the largest onshore oilfield in Europe, covering 70km with 5.7 billion barrels of oil estimated in place. It is a 'heavy oil' project where the management has an experienced track record: denser oil tends to be more challenging to extract, although it is at shallower depths hence cheaper to do via horizontal drilling. Refining costs, however, tend to be higher. So there is a mix of cost issues involved, as well as sensitivity to oil prices: a higher oil price can justify more investment for extraction, and vice-versa. All this explains why BNK shares doubled earlier this year as its operations attracted interest and oil prices rose; but while prices have dipped from a $80s to $70s range, shares have also fallen with the wider market sell-off. Perhaps this was the thinking behind BNK's chief finance officer buying two batches of 5,000 warrants just recently on the Toronto market, these currently priced (BNKW) at 60p on AIM. This is effectively taking out a long-term call option on BNK shares. Admittedly, the directors have overall locked in gains earlier this year, which has looked astute in the short term; but is interesting this type of security is. |
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