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Showing 1 to 15 of 192 entries
PAST TOP PICK

(A Top Pick Sept 2/15. Up 6.34%.) A small Albanian heavy oil company. This is being taken over by a Chinese company. This has a really great year-to-date number.

oil / gas
COMMENT

Just won a tax dispute against the Albanian government. Up until a few months ago, the $57 million would be a major win, but right now it is going to be going into the pockets of the Chinese company that is bidding on the company. If you own this, you are just holding for another nickel or dime.

oil / gas
COMMENT

Being acquired by a Chinese group. At the beginning they announced a bid of $2.20, and the stock was trading at about $1.80. He thinks the investment community did not know this Chinese group and not able to assess their legitimacy. They have gotten through various regulatory hurdles. He has elected to sell ahead of the acquisition.

oil / gas
HOLD

(Market Call Minute.) This is actually worth $2.20 because that is the bid price, and she thinks the deal is going to go through.

oil / gas
DON'T BUY

You want to look at news and see how the price reacts. We had positive news, but the price is struggling. It has not outperformed crude oil. You want to own those companies that can outperform crude oil.

oil / gas
SELL

The bidder is from overseas and sometimes they don’t bring the money to the table. The risk is that you are assessing if an overseas deal happens here. He feels most investors are not in a position to judge this. Go for something that is easier to understand.

oil / gas
BUY

(Market Call Minute.) An arbitrage play. There is risk. He bought into this last week at $1.82.

oil / gas
HOLD

The perception is that Long Run has been bought by a Chinese company and now another Chinese company is buying BNK-T. There has been insider buying from officers. He is tempted to dip his toe. If you hold it, then hold on.

oil / gas
COMMENT

(Market Call Minute.) Recently got a bid from a Chinese Consortium at $2.25. Stock is trading well below that on the fear that the Chinese buyer might not have the cash or may not close the deal. There is also Albanian tax risk. He reads it that this deal probably does go through, and there is a nice spread there for someone willing to take that risk.

oil / gas
COMMENT

Being acquired at $2.20 a share, but the stock price is at around $1.85. The difference is because there is very little visibility into the buyer, and their ability to come up with the cash is still in doubt. Too many moving parts.

oil / gas
SELL

It is an all cash deal. You have the upside of a Chinese company coming in. They operate in an area where they already had issues with government. He would sell and look for the next idea.

oil / gas
PAST TOP PICK

(A Top Pick Feb 12/15. Down 77.71%.) This has been a disappointment. Had problems with the Albanian government, but the tax issue should get sorted out sometime this quarter. Great quality company, and its assets are phenomenal. In a rising oil price environment, this is a great place to be.

oil / gas
WATCH

We need volumes to drive prices higher but not volume to drive prices lower. He is less concerned if prices are dripping on low volume.

oil / gas
HOLD

Has a lot of refining contracts with refiners in the Mediterranean, so are able to ship barrels directly to those refiners. Has been a lot of disappointment with regards to a tax issue with the Albanians. Thinks this will ultimately get resolved. Excellent assets and excellent management team.

oil / gas
DON'T BUY

Doesn’t see this as a takeover target. Their balance sheet is fine and has no net debt. Valuation is reasonable, but the problem is they are in a fight with the Albanian government over a tax dispute, so their bank accounts were recently frozen. Albania is where all their assets are. Very bad price momentum. Has this as a small Short. This is not something he would hold.

oil / gas
Showing 1 to 15 of 192 entries

Bankers Petroleum(BNK-T) Rating

Ranking : 1 out of 5

Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 0

Stockchase rating for Bankers Petroleum is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Bankers Petroleum(BNK-T) Frequently Asked Questions

What is Bankers Petroleum stock symbol?

Bankers Petroleum is a OTC stock, trading under the symbol BNK-T on the (). It is usually referred to as or BNK-T

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In the last year, there was no coverage of Bankers Petroleum published on Stockchase.

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Bankers Petroleum was recommended as a Top Pick by on . Read the latest stock experts ratings for Bankers Petroleum.

Why is Bankers Petroleum stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Bankers Petroleum worth watching?

0 stock analysts on Stockchase covered Bankers Petroleum In the last year. It is a trending stock that is worth watching.

What is Bankers Petroleum stock price?

On , Bankers Petroleum (BNK-T) stock closed at a price of $.