Big Banc Split Corp T.BNK

Gov Orders banker not to curtail output

[dubsbs]

Really !!!!!!!

https://research.tdwaterhouse.ca/research/Stocks/NewsArticle/ca/BNK?documentKey=1664-L8N13Q4XF-1

[BrokerG]

Hi Dubsbs, Could you post article. Cannot access without password. thank you.

[lefmike]

Hey Dubsbs   you didn;t give me the access codee and your password,   you can PM it to me  LOL You really should look at your PM's a little more often though

[bago]

https://www.reuters.com/article/2015/12/01/bankers-petrol-albania-idUSL8N13Q4XF20151201 doesn't look like this ends anytime soon and oil still under pressure. Another nightmare stock like others I own lol. This PRE and BTE have been hammered huge....glta

[BrokerG]

Amazing how quickly these things can escalate. When I hear terms like 'National Treasure" and company mismanagement , it scares the hell out of me. The gov't has ramped up the propoganda and has taken a adverserial position. Now they cannot back down no matter what the decision the audit takes. They would lose face. French will have to compromise. Which means we lose money.

[LordIskander]

Why would French compromise. These bozos never won an arbitration case 

[BrokerG]

For a few reasons : 1) The gov't has its heels dug in and cannot back down without losing face 2) We are not dealing with the Canadian Gov't here. The rule of law is weak at best

[bac123]

So whats the consensus.  The stock sold off a bit at the bell today.  Do you think its a buy ...... or a wait and see hold ?  While the govt does seem to have dug in a bit here,  BNK does employ a lot of Albanian people.   Thoughts ?????

[agspo63]

For those who are interested / from TD TIRANA, Dec 1 (Reuters) - The Albanian government warned Canadian oil company Bankers Petroleum on Tuesday not to curtail its operations, as a row over taxes escalated. Bankers, which has been extracting oil for 11 years in Albania, said on Monday it had been forced to consider phasing down its operations because Albania had failed to comply with an order