Post by
wisdomplease on May 25, 2016 8:02pm
Reality check
If it were not for this buyout offer BNK would still be trading below or around $1.00. Be thankful, take the $ and run.
Comment by
braincloud on May 25, 2016 9:36pm
I couldn't disagree more. It would be trading right around where it is right now, maybe a bit lower.
Comment by
HamSandwich on May 25, 2016 11:24pm
I disagree with both of you. It would be trading around $1.15 to $1.25 ..... it was $1.00 pre buyout and most of its peers have rallied 10-30% over the past 2 months. There's no way it was going to rally 100% or 0% over the last 2 months.
Comment by
ImFineThanks on May 26, 2016 1:38am
That's bananas dude. It was trading 1.11-1.15 the week before the announcement and it was 1.25 10 days before that. Brent is up 35% since then... and if they had positive results from the audit, then there absolutely is a way it would be trading up here.
Comment by
braincloud on May 26, 2016 8:26am
What's more is that they are probably utilizing 2 additional rigs and production would be rising. They said that at a sustained higher price that's what they'd do. So IMO it would be trading right about where it is right now.