Big Banc Split Corp T.BNK

Braincloud

[casino]

Seriously. have you ever just stopped and thought about the amount of time and effort you spend indulging with these morons. You and me and some others know that BNK is a great investment (even more so now at these bargain prices ) Stop feeding into these nickle and dime stock gurus pathetic agendas.

[braincloud]

I know Casino. It's fun making fools of these idiots. It really amazes me how little research people do. I guess it's all about how big your investment is.

[Flowwiththego]

It's only a low price if you bought low.  You and brain loud bought high and are desperate now because you held on ALL the way down.  I didn't, and I can buy in if news is positive... But I'm the moron hey ;). I guess more money = dumb and less = smart in your worlds lol

[braincloud]

You are a moron as you call it because you don't do your homework. When and how much I bought really has no bearing on anything because fact is fact. Like I said it doesn't really matter because it oil that wags the dog and the outcome of the audit will be the icing on the cake. Yes, I could be wrong but the weighted evidence supports what I say. I think time will tell along the way. I

[Flowwiththego]

You and you're new friend are more concerned about being right.  Even if the decision disagrees with your interpretation, you will say but they are wrong... In other words you aren't focused on managing your money because you're too busy protecting your ego.  

[braincloud]

Oh, I see who the heck gives a sheit about being right. Yes, I agree that is a way better plan. Just ignore facts, read Albanian newspapers and arrive at an investment decision. So I gather you haven't read the Petroleum Agreement. Nah, your right why bother, it don't matter sheit. Enough said. We won't talk about this until after the news

[Flowwiththego]

Hana yes after the news, if it's good I'll buy and we can be teammates and if it's bad I won't buy and you can be a hater. :)

[braincloud]

Do a bit of reading. I don't need team mates man. I won't hate you for buying selling shorting or anything like that. All I suggest that if you want debate something then it's best that all parties have access to the facts and have the common sense to make an effort to inform themselves. Arguing with someone without this is just infantile. You say one thing, I say another. Until you

[Flowwiththego]

OK let us all know when the positive news comes out so we can buy

[braincloud]

News? I'm sure you will read it yourself or get your Daddy to read it for you. I tried to engage you in a reasonable conversation about the difference in Profit Tax, royalty tax and Cost recovery pool and the nature of the dispute. Obviously you can't. No worries , this conversation is over.

[Flowwiththego]

A you're saying you're not going to tell everyone and there brothers when good news comes out?  Highly unlikely in your position, and previous history of trying to pump the stock.

[braincloud]

off to the heap with your sorry a$$.

[good40]

Braincloud... it is fairly obvious that your investment has lost a huge percentage, unless of course you've previously sold for profit. I have to doubt that option though, since you've never indicated on any of your posts,  that you've done that. All of your posts defend prospects, so any selling while promoting would not be considered too ethical. Just my opinion. As to your

[LordIskander]

 that argument is weak because they must be able to make a profit.   I'd rather see an accounting loss than an accounting profit. Hark, CFO is a whoping $142MM! This thing is trading at a much lower price/CFO multiple than most its peers.  Ergo price < value by a factor of 2 or 3.

[good40]

I expect your CFO relates to OCF, wouldn't want to confuse with Doug, whom I continue to respect through the years. I believe it was $152 million if you put a little more effort into it. Capex was $144 million. The loss as always Lordlskander, is associated with non-cash items. Earnings reflect whether the jar is full... or half full, cash flow neglects that. Multiples to cash flow are

[braincloud]

If you agree then why are you still posting here? Post to where you think you are bullish. I don't want to debate with anyone that doesn't at least make an effort to understand the facts and be able to discuss facts. This isn't a pump and I don't give a flying sheit about whether you buy or not. Obviously there are better places to be investing than in OIL or BNK. Thanks for your

[good40]

Braincloud, tough to understand what you're referring too. I'm not talking insolvency, I'm talking about the risks of significant cash reduction in 2016. Didn't you read the MD&A. First thing up is the short term loan that needs to be addressed by the end of this month. Hopefully it can be rolled over, but it hasn't been to this point.

[braincloud]

Yes, I read it. How much cash do they have? How has the current Capex and the potential for further cuts to Capex affect the bottom line? I really don't think that it's a problem. Net net even if they pay off the loan because it's not rolled over it still works. Last year the resultant loss was attributable to the level of Capex and realized income from oil. Capex is now cut again and

[good40]

Sorry braincloud, not sure what you mean. You said last year the resultant loss was attributable to the level of capex. What are you referring too ?

[braincloud]

2014 Capex was 291 mill 2015 was 153 mill Brent 2014 avg 98.91 2015 53.46 it follows that net income would fall $128 mill to a loss of $3 mill. CFPS dropped from $1.07 to 0.57. There's no mystery here. Oil went down faster than they could suck back capex. Next year capex is projected to be $65 million but that also includes some drilling. They could cut the capex down to $25 million if they

[good40]

Braincloud, how do you connect capex and earnings per share ?

[braincloud]

Really? Give me a break already. Can't you read an income statement. Compare year over year and compare the numbers. What conclusions can you draw when you compare?

[good40]

Sorry to bother braincloud, I'd just like to straighten out your statement below... "As it stands currently with a $65 million capex they could lose around .10 per share. " Where do you find the capex on the income statement so that it is factored in the loss or gain on a per share basis ? Not the balance sheet, the income statement. Thanks

[braincloud]

It's called Capital Expenditures. The line item after all revenue. Last year's number was $144 million. You have to learn how to read this type of statement man!

[grantoue]

I appreciate your knowledge in regards to BNK. I too believe the company is a great investment and see blue skys ahead.