THE NEXT 3 MONTHS FOR BNK -Should prove very positive.
The first 2 QT'S have seen things in somethng of a holding pattern - brought about by world economic events.
BNK management have wisely used this time to keep the company on target and ready for near future rapid production expansion - with adequate credit already in place - and with more in the pipeline (no pun intended) available to be used ony if needed.
I'm getting a little ahead of myself, - but I think Q3 will prove to be by far, the most exciting this year.
Provided crude holds in the $60 + range, I will expect to see some very solid production increases with a big jump in the SP in Q3
In the meantime - during the summer months - I think we may be range bound in the $2 - $2.50 range - purely on a lack of momentus news. So a little patience may be called for here, and I am ready to double my position - if any opportunities present themselves.
Good luck all longs.