Big Banc Split Corp T.BNK

This is worth repeating over and over....

[lefmike]

OPEC and the rest shooting themselves in the foot https://fingfx.thomsonreuters.com/2014/11/07/1232354815.htm These estimates were as of yesterday from Thompson/Reuters..... . World resession on the horizon unless those fools get their sheit together... Read more at https://www.stockhouse.com/companies/bullboard/bullboard/t.bnk/bankers-petroleum-ltd#VWkUkzvFRGGPA4I1.99

[braincloud]

That's the rub Mike. If you look at the bank accounts of those that require higher prices to fund sovereign obligation have very different sized bank accounts. I think the biggest is Saudi Arabia. I don't where this stops but oil can't keep going down and staying down forever. Shale , which constitutes such a small amount of oil in the context of global production has indeed foiled the

[wittmann]

Lets face it guys,its all about the bank accounts of all oil producing countrys.The Saudis are hurting badly as well but apparently they have no problems going to capital markets for financing..something that even some of the US company's will not be able to do..and of course nevermind the so called banana states. Personally I find it hard to believe its taken so long for a resolution.As for

[lefmike]

This is what I find so ridiculous about the whole oil thing. You have a finite product, you have an pretty good over production at present. Oil is selling at 36-40 a bbl. If the Saudi's on their own were to cut their total production by let' say to 5% below the present demand.. the price of oil would undoubtedly increase for everyone by a significant amount. The money the Saudi's would

[braincloud]

"If the Saudi's on their own were to cut their total production by let' say to 5% below the present demand.. the price of oil would undoubtedly increase for everyone by a significant amount" The trouble is that unless there is a significant decline in US production because of the low oil price, and therefore no funding , what would stop them from starting back up? Sure there

[himmler]

Not me BC.But then I never believed in all this electric-solar nonsense anyway.My wife has solar powered lawn ornaments,and I find myself replacing batteries every year so how is that good for the environment?..I use the 'energy efficient ' bulbs with the pigtail shaped bulbs..only to find that they contain mercury...another big plus for the environment. How about the remote starters on

[ok2buy]

himmler, Enjoyed your post. Good to have a rant once in awhile. You did bring up some interesting points./ok2

[LordIskander]

By the way good to see BNK  shareprice back up a little.   Well it sure climbed back to 'small cap' category, cuz it got to 'microcap' trash bin for a while. There's only 1 other name in that category in TSX Energy Index.