GREY:BNKPF - Post by User
Post by
BrokerGon Oct 03, 2018 1:52pm
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Post# 28738950
Oil price
Oil priceNot sure if anyone noticed but WTI is over $76.50 today. Of course BNK's share price is NOT reacting to the price of Oil.
WHY? IMO - because they have to actually produce oil in sufficient quantities to make it worthwhile for the market to take notice.
There is absolutely no reason we should be trading at these levels, with Oil at $76.50.
Mr. Regener- what are you doing all day? Here are a few ideas:
1] Develop a plan- How is BNK going to take its production up to levels that the market will notice [ 5000 boepd at least]
2] Where is the financing?Get Macquerie to do their job or fire them
3] Start promotion campaign- get out there and promote the firm.
4] Look for promising opportunities in and around our area. Other oil firms are selling assets every day
5] Sell the firm. NAV is at $1.10. I am sure shareholders will happily take $1.00.