GREY:BNKPF - Post by User
Post by
9th0on Oct 04, 2013 11:43am
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Post# 21791319
Target price upped from $2.25 to $2.75 / share
Target price upped from $2.25 to $2.75 / shareHi all,
for those of you doing trading with TD Waterhouse, you should have already been privy to the news - for the ones that do not, TD Securities' "Action Notes" PDF has an article on BNK Petroleum in its "Intraday Notes" section.
Basically they take yesterday's news as positive and as a result are upping the target price from $2.25 / share to $2.75 / share. They are also speculating that BNK Petroleum may be sitting on (and I quote) "some of the best economics among shale plays in North America in terms of rates of return". They also have a table comparing Shale Play Economics of Caney to Eagle Ford, ND Bakken, Duvernay, Permian and Marcellus.
Cheers,
9th0