Big Banc Split Corp T.BNK

Aside from the fiasco with the Albanian Tax Department

[lefmike]

Bankers share price is totally glued to the price of Brent.  Share price I believe will NOT recover to levels seen two years ago until Brent recovers and that appears to be a long way off. If Bankers holds on, keeps production flowing lightly, letting the wells operate without drilling more aside from trying to keep production near present, Bankers will survive this  I TRULY BELIEVE...

Now that we're under a buck, I'm going to buy more using credit, it's worth the risk at this point.  Buy another 30 to 50 thousand  in three years it will be worth 100's I think.....

Anyway these are my opinions only..

[braincloud]

Mike, I don't think there's any hurry to buy it here. Let the tax loss selling abate. There might be something interesting come out of the budget meeting though

[Markzilla]

For the love of God don't use credit. The general markets feel they're on the cusp of a crash. Who knows where this company really sits at this point? Just hold what you have and sit it out for a while. Even if what you think is correct, when things shake out you'll have plenty of time to get back in.  

[oilsyd]

I would second what MarkZilla has said Leftmike. If you lose money that you own then it is like never having the money in the first place. If you borrow money and lose it, you are saddled with debt for a long time and you will have no money to invest to make it up. I am sure you know this, but sometimes it is helpful to here it from somebody else to stop you from making a choice you will regret.

[cashtango00]

agree.  don't buy stock like this with borrowed money.  If the $hit really hits the fan and oil stays here for a long time, the majority of oils are screwed, especially the ones larger debt.  Saudis may bury this industry for years...

[LordIskander]

These guys are veterans, and have stuck through thick and thin. Your cautious pessimism is not required.

[braincloud]

This could be the sheit storm we have been waiting for. Two things, BNK price moves higher because of a more conciliatory view on taxation, stock moves higher S/T and or oil moves up or down. All things held equal stock moves higher short term. WILD CARD. Debt markets turn down hard like it did during the credit crisis. Smells like a duck,quacks like one, so its a duck. A credit melt down could