RE:RE:Future dividndsI Guess i was'nt clear enough :)
But the post was meant as, that i personally think this is a good entry point, as i hope/believe that bankers in the future will deliver strong results and initiate a dividend program. Just a $0,1 annual dividend will correspond to around a 10% yield at current price, however the shareprice wont be at those levels if this occurs :).
Among the Canadian/US oil companies(20000-50000boepd) i've looked through Bankers stands among the best in terms of low debt, low cost per barrel and access to further cash thorugh their existing debt facilities. The only uncertainty i see around is i) oil price, however they seem to be profitable even at levels $40-50(correct me if i'm wrong), ii) politcal uncertainty (which have come very clear past few month). iii) the unforseen problems with field production
However if things materelize --> oil price >$70, better relationship with Albanian regulatories, and they manage to increase production in Albania + succes in Hungary then their could be a chance of a dividend or share buyback program perhaps?
I've bought share as i think this stock is undervalued, and the announcement today strengenths my personal view on this share, and i just pray for a higher oil price during 2016.