GREY:BNKPF - Post by User
Post by
whitehorn1on Jun 22, 2015 7:25pm
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Post# 23857325
Going forward
Going forwardUnfortunately, BNK could be plagued with low share prices below a buck for the next year or more. If they can modestly increase production, run profitable, minimal or no debt, and able to succeed without share dilutions - will look very good when bullishness returns to the sector. To top it off, although unlikely if they could buy back shares at these levels would significantly boost share price when the sector gets positive. Based on experience those are the stocks to hold in this environment. I owned one in the last big downturn in oil 98-01, "very similar in all ways" to BNK that went from .70ish to 12 dollars in 2004 and followed those strategies as mentioned.