Article on importance of acquiring BNKWith the markets hitting new highs, it is easy to see investors losing patience with the limited upside of this one in the search for something with a greater return.
That being said for those of you still holding, here is an interesting article regarding Albania, Bankers and the Chinese.
https://atimes.com/2016/07/china-in-the-balkans-macedonia-albania-seek-beijings-help-in-building-infrastructure/
Here is the relevant part.
In March earlier this year, Shanghai-based Geo-Jade Petroleum bought the controlling rights in two Albanian oil fields from a Canadian company for a sum of $442 million. Of the two fields, Patos-Marinza is the biggest on-shore oil field in the entire European continent producing 11,900 barrels a day, whereas the other field, Kuova, is producing an additional 400 barrels.
Since Albania has a key location on the Trans Adriatic Pipeline, which is currently under construction and will carry Caspian gas through Turkey, Greece and Albania to Italy and the rest of Western Europe when it is completed, China’s entry into the Albanian energy sector has to be considered as a critically strategic move.