Big Banc Split Corp T.BNK

Magical $$$$$$35.00

[dubsbs]

Can Oil pass and hold over 35.00 for the week-end......If so I think we are in for a good spring and summer for oil prices and for that matter stock prices and BNK price.

cheers and GLTA

[braincloud]

Technically BNK could go to $1.70. You first!

[jutah70]

Saw yesterdat in my TD account (according to their Recognia research - so others can check the info out for themselves) that the next level of resistance is above $2. If that is the case, BNK could have a healthy run with a move in oil (and maybe some conclusion to the tax spat).  We are entering the season strength period; refineries will be changing over between their seasonal blends

[braincloud]

I would bet that there will be positive news on the tax dispute. Technicals suggest that the 200 day MA is the first level then again at $2.15

[jutah70]

The other interesting technical suggestion was for short covering.  Suggested level for that is around $1.21 - which we will be approaching.  Could see a bit of a bump if some short covering figures into the mix.  Could be a little bit of what has been happening as of late. The P/E on BNK right now is in the 3 range.  And book value around $3.50.  Some of the numbers are

[braincloud]

Jutah, What you are using is quite misleading. Trailing P/E ( if that your reference ) has little meaning as does book value. It comes down to CFPS and net asset value per share (NAVPS). Short interest is the lowest its been in over a year. This makes sense, because the valuations were so low throughout the year many of these stocks were just a call option on oil prices.

[jutah70]

Meh, not so fast there.  Just quoting the source I mentioned (TD waterhouse - as well, saw a P/E from another source yesterday and today listing 3.94).  They didn't have those numbers in the trailing.  As well, research reports are quoting their current P/E as being lower versus their peers. Book value is a metric as well.  Whether you use it or not, does not discount it

[braincloud]

BNK has no earnings as of the last quarter so I don't know what you are referring to. P/ E's are less applicable to oil stocks when it comes to valuation. CFPS and net assets are better means to value IMO.

[jutah70]

Exactly - opinion.  So just because it doesn't count to you it is not useable?  And different industries will have different levels where the metrics make sense.  P/E is just as important.  But you can't apply the same level of a P/E you would for a bank or utility company as you would a tech or O&G.  If you limit yourself to just one or two measures you are

[braincloud]

Fk me dude. Where is the P/E you are talking about???? Post that please!

[Coop007]

Hello you two Brainclould & Jutah70 Can we please stop this nonsense i call a truce right now, Let's see who the bigger Man / Woman is I have been waiting for this company, government, BS to get sorted, Give me some F-ing hope that  two side can come to a understanding MEANING you two Looks like both of you can contribute to this board for the good of all of us

[DSurfer]

Well said Coop007 I approve  ! Got in BNK at 0.85 So far so good. Looking for a long holding time. A $1.80 target would be nice. Will keep an eye on crude if things gets bearish again. Good luck to all !

[braincloud]

Well said? Are you guys mental? Jutah suggested that "he read' that BNK price to earnings was around 3X. WTF? Really? I sure don't know what the guy is smoking. What's more you defend that type of erroneous information! His book value number might be close but then he comes back at me trying to defend his crud. You guys drive me mental! I then ask him nicely to show where he got

[mydogchach]

Mebrainisdead, you're an idiot. And you're 'mental' because you were born defective, and your new meds from last week only worked for a day. You have no life and based on you're investment opinions - no money. Dave says FACTS ARE FACTS As Jutah posted, P/E is just one measurement tool - and perfectly legit, why would you even argue about it - you just make yourself look

[jutah70]

Keep it up j3rk.  I am only quoting numbers from TD (so others can verify).  And according to them as of this morning it is 4.1.  If you paid attention in the first place I cited where the information I was using was coming from - so anyone could check it out for themselves.  Id!ot.  You're the one attacking.  I tried to share info in good faith with the board and

[braincloud]

I can read an income statement and don't have to rely on someone to do that for me. The income statement clearly show that there no way you can come up the any PE multiple. No matter, I was merely pointing out an error and that your postings can't be relied upon as being fact but just some musings that you dream up. As for my my being able to navigate this stock that's another matter

[nick12]

P/E (TTM) 4.11

[nick12]

Bankers Petroleum Ltd. (TSE:BNK) had its target price hoisted by analysts at TD Securities from C$1.75 to C$1.90 in a research report issued to clients and investors on Friday, MarketBeat reports. The brokerage presently has a speculative buy rating on the stock. TD Securities price target indicates a potential upside of 74.31% from the stocks previous close.

[braincloud]

I gather Judah by your silence that you have found the folly in your response. I guess you must have read the financial statements . Who is the horse's a$$ now? Maybe that will teach you a lesson that you have to understand what you read to see if it makes sense and not to take it as gospel and post something that doesn't make any sense. What's more trying to defend it as well really