Exit and average production Just wondering why folks are so surprised the average production number is lower than the exit number.
Assuming production is increasing - then the average production number over a 3 month Q - will invariably be less than the exit number.
I hold only a modest 'core' position in BNK - as there seem to me to be better short term opportunities elsewhere.
That said - BNK has always been a steady as you go gradually increasing production company - and will get to where it wants to go eventually. At which point patient longer term investors will likely be well rewarded (which is why I have kept a core position).
Management needs to go back to its older style of under promising/over performing - which will please instead of disappointing the market .
Medium to longer term BNK represents a solid investment needing some patience IMHO