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Bullboard - Stock Discussion Forum Big Banc Split Corp T.BNK

Alternate Symbol(s):  T.BNK.PR.A

The investment objectives for the Preferred Shares are to provide their holders with fixed cumulative preferential monthly cash distributions in the amount of $0.05 per Preferred Share ($0.60 per annum or 6.0% per annum on the issue price of $10.00 per Preferred Share) until November 30, 2023 (the Maturity Date) and to return the original issue price of $10.00 to holders on the Maturity Date... see more

TSX:BNK - Post Discussion

Big Banc Split Corp > Dickheads are at it again
View:
Post by casino on Jan 13, 2016 9:44pm

Dickheads are at it again

Company Stock Price Alert

Bankers Petroleum (BNK-T) consensus recommendation downgrade

Consensus recommendation (new): Buy
Consensus recommendation (past): Strong Buy
Mean recommendation: 1.71

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Comment by needwisdom on Jan 14, 2016 12:21am
is TD target $1.71? Thanks.
Comment by casino on Jan 14, 2016 7:28am
No it is simply a graph between 1-5. 1 is a STRONG BUY and 5 would be a STRONG SELL. 1.71 would be in the BUY range. A 3 would be a HOLD.
Comment by braincloud on Jan 14, 2016 9:51am
It shouldn't come as a surprise to anyone that there is a downward revision in BNK. In fact, I suspect there will be multiple revisions to stocks in the energy space given what's happened to oil prices in the past few weeks. many earnings forecasts were using $50 oil. Now at $30 there's going to be tons of revisions lower.
Comment by Frostyfresh on Jan 14, 2016 10:11am
Important to note is that while analysts are bringing down their guesstimates, the consensus seems to be that Bankers will do well and there is confidence that it is a good buy at these levels.  Just waiting on the little girls in Calgary and all over the world to realize trying to make money on expensive oil at these prices is a waste of everyone's time and money. 
Comment by braincloud on Jan 14, 2016 10:42am
Little wonder that they are keen on BNK. With the efficiencies they brought to bare they make some money even at these levels. With the $54 hedge they put in place they make roughly $7 per bbl at these levels. Half from the hedge and half from actual production. If and when oil moves higher these guys will be well positioned.
Comment by wallop13 on Jan 14, 2016 11:58am
It's amazing. A small, 20% of production hedge I once seen as insignifacent now looks very prudent on managements part (as you said).
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