Bankers Pet Share Discussion Threads

[hawks11] 24/3/2010 11:44

This has suddenly hit the radars people over here and they are buying. I bought a few more and had to pay over the asking price but was almost immediatly in profit. Up 7% yesterday and 6% today.

Has anyone a recent brokers analyst report?

[hawks11] 23/3/2010 19:49

It might have been something todo with the Financial Results out today.

[twozuluzulu] 23/3/2010 16:08

good rise toady .checkout that chart.

[hawks11] 15/3/2010 07:51

I agree Malkiel, we should be bombarded with mad posters. The risk seems to be minimal and the prospect of being bought out seems to be the most likely even. How much further profit is to be made in the next 12 months is not something I could even guess at but I am happy to wait and see.

The mention of Thermal operations, if successful, will probably mean that we will move up a division I suspect.

[malkiel] 14/3/2010 13:04

Very good presentation giving a clear picture of what this company is achieving in Albania. Look particularly at slide 12 which shows the figures for the profit per barrel. This stock is almost a no-brainer they are applying their heavy oil extraction expertise to increase oil production from known oil fields in Albania. There seems to be little risk and the performance has turned this into one of the best stocks in my portfolio.

[hawks11] 12/3/2010 11:22

Presentation on line here at 1750hrs today:

[hawks11] 03/3/2010 20:10

Well look at the reserves report! I was thinking things were a bit quiet and moved most of my investment which was doing very well into something else intending to move it back into BNK before it started to rush back again. I got that bit wrong. 8% in a day can't be to bad.

[hawks11] 09/2/2010 09:41

Well Malkiel, I'm amazed as well at the lack of interest. As you have said it is one for the long term, but the expansion of their drimming programme, as long as they continue to have similar success rates to their recent ones, will increase the cash flow.
I am tempted to take some profits but have added at prices slightly higher that they are at present so will hold on.

[hawks11] 27/1/2010 20:53

They intend drilling 52 horizontal wells this year. If they achieve the same average production per hole as 2009 (130 bopd) they could be producing a total of 14860 bopd.

The negative is that it's heavy oil and horizontal drilling is expensive, but as long as they continue like this I will be very happy.

[hawks11] 27/1/2010 07:26

Another RNS which includes:

"The existing drilling rig, Simmons No. 51 (depth capacity 2,500 metres),
continues its drilling program and, with the next two wells, will target new
formations as Bankers expands its horizontal drilling objectives. For the
first time in the Patos Marinza oil field, horizontal wells will be drilled in
the D2 Formation and in one of the multiple sands within the Marinza
Formation. These drilling operations will commence on January 26, 2010.
With the addition of this second drilling rig, Bankers expects to drill
52 horizontal wells in 2010."
Perhaps the share price will go down now instead of a boring up up and away as per last year?

[malkiel] 16/1/2010 10:47

Hawks11,
You are not alone. Bought into BNK in Aug 2009 at 203 and it has been one of the best performers in my portfolio. There is no exploration risk here, they are developing known heavy oil deposits in Albania. There was an analysis on Proactive Investors which showed that they are leveraged to the oil price, the more it goes up the greater profits they make. The management seems to make steady progress every quarter. Will tuck these away for the long term. I do not understand why there is no investor interest on this BB. This share performs better than Afren but nobody seems to notice.

[hawks11] 13/1/2010 20:02

There has been another RNS on Tuesday which says that, "The exit production rate for 2009 exceeded 8,100 bopd." and if the conference call if listened to it gives the expected amount flowing by the end of this year to be 15000 bopd, or was it 14000? It doesn't matter no one is out there. My on line broker when asked why the news items were not being shown as per other shares I hold said that there have been no news releases for the past three months for BNK.L so I have sent them a link showing they are wrong.

[hawks11] 23/12/2009 07:54

Two more announcements with Mr Cross selling a lot of shares and more importantly we have an upward revised production guidance.

"The 2010 exit rate production guidance has also been revised to 15,000 bopd, an increase of 15% over its previous guidance and an 88% increase over the projected 2009 exit rate of 8,000 bopd."

[hawks11] 09/12/2009 09:00

Famous last words.



Volume: 1,162,001



Volume: 6,000

[hawks11] 04/12/2009 20:05

Sssh,don't tell anyone there has been another RNS with good news and another rise, despite according to what I can see was not forced by buying. I tried hard to buy some at a sensible price earlier this week and then at any price but still was not successful. I think I will hold on to this banker.

[hawks11] 25/11/2009 10:12

I'm sure you are correct johnwall, I'll have to watch that more sensibly.

[johnwall] 23/11/2009 16:59

hawks11 - wasn't it simply because BNK opened up 10cents in Canada? We quite often get changes to the London price just before or after the TSE opening

[hawks11] 23/11/2009 16:43

We have a rise of 7.5p shortly before 3pm without any reported dealing. I am pleased with any rise but I would like to think it was backed up by sales or news. Perhaps they have found more brokers to mark it up further.

[hawks11] 21/11/2009 09:14

I am sure you are right johnwall, even with Mr Cross selling 2,000,00 shares since August I have decided to hold on.

[hawks11] 20/11/2009 20:00

I wonder what Mr Cross is going to spend his millions on?

[soulsauce] 13/11/2009 13:35

Ok john thanks for taking the time to explain.

[johnwall] 13/11/2009 12:53

Hope i explained that netback point properly? Q3 results show that the average Brent price during the period was c$68 whereas the average BNK received was c$41 (i.e. due to the heavy crude discount).

Nevertheless, because of the cost structure, fiscal regime, etc. they still made a netback of $16 per bbl.

EDIT: i'm not saying that the BNK share price couldn't fall quite a bit from here in the short-term (with the primary listing in Canada anything could happen, tho' this is on the TSE rather than TSX!) - just that i think it's a good long-term growth story and i don't want to trade in and out.

[soulsauce] 13/11/2009 12:25

Sorry m8 unable to compare as we are mostly producing gas and the potential increase through sales contracts has not been done yet.

Had missed that BNK now getting Brent + net backs but still does not take away from the huge valuation.

[johnwall] 13/11/2009 12:12

soulsauce - point taken about the sales price of BNK's oil, but OTOH the royalty/fiscal regime in Albania is quite favourable. This morning's Q3 results are quoting netbacks of $16 at an average Brent price of $68. How does that compare with NOP (genuine question - i've no idea!)