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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 21/3/2016 09:25 by linton5 Get in there ya beauty. Well done BNK |
Posted at 04/12/2015 19:34 by dukedosh There's much more to this than the balance sheet bozzy_s.Mafia style tax bullying going on here. I wouldn't be surprised if the Albanian government re-visited the other years of tax returns, once they win the 2011 row. Could be the tip of an ice berg. I once considered this a safe haven stock and a good play dancing to the tune of the oil price. I wouldn't touch this one trick pony with a barge pole currently. Seeing the writing on the wall, the company are already seeking diversity in Hungary. In the meantime, I wouldn't be surprised if the Albanians nationalised BNK. Their words point in that direction and they have history in this area already. Take care. |
Posted at 02/5/2014 12:39 by billy_buffin Bankers Petroleum Now Covered by Credit Suisse (BNK) |
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 17/4/2014 22:46 by uncle john You could do some of us a favour and expand the company by buying the off-shore Albania project from SLE. SLE has 80 licenses over several countries, we surely don't need 'em all! It is discovered, high pressure and heavy which BNK understands. Simples! |
Posted at 29/11/2013 11:07 by buy curious This seems fair value for the current production and reserves.Where is the future growth here? The main reason to invest here would be as a takeover target, but that is a risky game to play. Is there a dividend payable on this stock? . |
Posted at 09/4/2013 13:36 by fangorn2 Your link isn't to Bankers Petroleum "BNK" btwAfter all this Bankers is in Albania. And it's at least C$2.57 not the C$0.87 that you link too.. Wrong company!!! But then if you weren't a directorstalk bot reincarnation you'd know that |
Posted at 25/2/2013 09:35 by fuiseog A very clear reserves report (Soco take note!) showing a lot of value in the company.Reserves Value per share 10% Discounted, After Tax 1P @ US$3.73 2P @ US$7.31 3P @ US$12.17 |
Posted at 07/1/2013 14:41 by sg31 Only thing that keeps me out is the oil price. It's still reasonably high, any weakness will hit BNK disproportionately hard.I will stand on the sidelines till that happens. I like the story tho' |
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