RE:Q1 results expected next weekIt is s strange thing to consider that a company has met or exceeded guidance for 8 quarters in a row, had a 23% increase in annual production last year, has 5 billion bbl resource, a pristine balance sheet, a more than fully funded CAPEX plan, generated $50 million in FREE cash flow last year, its peers are trading very near or at 2P NAV but Bankers is trading at a mere $5.87/$9.53= 60% of its fully risked NAV.
Hense...the value play and buying opportunity. Nothing of Bankers quality out there trading at such a low percentage of NAV.