GREY:BNKPF - Post by User
Post by
himmleron Apr 06, 2017 10:23pm
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Post# 26089500
Credibility..so hard to earn.. so easy to lose..
Credibility..so hard to earn.. so easy to lose..Dont tell me Auborn..you bought back in right? Of course you did..everybody buys back in when things look up ..right?..Sometimes it pays to look back at your posts...ALL of them regarding BKX.
Fresh Equity
Probably another one for $10 million if they can get it at 20 cents. I sold my shares with Polygon, as that's the smart money. This is a very capital intensive resource. Without higher oil prices, it's equity, equity, equity... just to keep production flat.
Consider the debt load. I asked management why production was so low with that level of debt. They couldn't give me an answer. It wasn't spent on Poland or Spain, it was spent in OK, so that right away tells me this is not an easy money venture unless oil prices are almost double.
Read more at https://www.stockhouse.com/companies/bullboard?symbol=t.bkx&postid=25959852#gTUlpDkc8y8JiTBC.99