RE: RE: RE: RE: resistanceI think we should all remember that the SP was almost double where we are now just over a year ago - when the fundamentals for BNK were weaker than they are now.
Bankers has gone from a medium to long term, high potential producer with probable vast reserves and slightly questionable financing to - A NEAR TERM PRODUCER with excellent - in place financing - and greater proven recoverable reserves.
Its a new paradim with NEW metrics - and the big players have recognised it as such.
I regret that I sold a third of my shares too soon - but I think we will all have to accept that the old trading range is over permanently unless there is a dramatic market/oil reversal - which is not very likely.
Bankers cash flow is also improved by the tighter gap between light sweet crude and their heavy oil. Something that has become a world phenomena - and is expected to continue as there is a shortage of heavy oil.
We could see a very small pullback - but the trend is up with $4 + not too far away.
All IMHO of course.