RE:RE:RE:Here is the jig with Bankers.......BC you must have not read my post very well as the whole point is that given the current price of Brent (or thereabouts) the share price must increase at a very predictable rate based on Bankers getting a decent valuation from the market (at least at the low end of the international peer average).....these should be minimum share price movements over the next several years if the company does notthing but increase production at 15% (thats all). Any additional value creation including the polymer you mentioned is upside to these share prices and cash flows. I mentioned it before, if Bankers was trading at the same valuation as Baytex (for example) the share price today would be $7.00 (which is still less than its 2P NAV). The post was geared to the impatient folks to give them encouragement that the share price will have no choice but to go up if the conditions are as I mentioned in the example.
If one looks at the cash flow next year (~$360 million), the company could pay an annual 16 cent dividend (4% at current share price). This would leave them next year with $320 million for capex which is $73 million more than the capex requirement this year. This would introduce a whole new group of investors to the name and unless crude totally collapsed would be very easily funded with free cash flow. Remember at even this year, they will generate ~$45 million in FCF.