Post by
woolco on Apr 03, 2019 8:21am
What is the true value of BNK
Based on them cleaning up the operations, growing barrels, projected barrels this year ...and increase to reserves.
Current market cap only 65M.
Disregarding the current ridiculously low share price given dollars per day trading are under $10k dollars....
What is this company actually worth now that they have put themselves on the market?
100M/150M/200M?
Comment by
wittmann on Apr 03, 2019 9:27am
Much will depend on the well output from their most recent endeavor.They've had big problems ..you should know.But then again based on your history,you've only recently bought shares.You did do your DD I would hope. If their latest well is a bust,who knows?
Comment by
woolco on Apr 03, 2019 9:41pm
The well problem has been solved. its production will not make or break this company as its in play to be sold. It may help make the selling price 60 vs 70 cents...but that is it. My recentcy in the stock is meaningless. At least you have someone to pass your Disney Eeyore attitude upon. Try some positive pills and watch how this blows up into a 2-3 bagger!!! and fast.