Despite the current equity sell-off in financial markets and recent decline in oil prices, Bankers' financial position remains strong with $81-million in cash and minimal long-term debt of $31-million.
In addition, Patos-Marinza crude sales agreements are based on Brent crude price, which is currently at a premium of 27 per cent to WTI (West Texas Intermediate). Cash on hand and cash generated from operations are projected to be sufficient to finance the Bankers capital program for 2011 and beyond, based on the $100-per-barrel Brent price average for this year, and $85 per barrel for 2012 and beyond.
The financial oil hedge agreements entered into by the company earlier this year are an additional risk management protection strategy against declining commodity prices.
Don't Let Wall and Bays Street Screw You Again
This Is A BUY
This is a buy NOW It will be $8.00 by End Of September If Not sooner
And It will Be Sold For $12.00 Per Share Sooner If The CEO Does What He Did At Rally Petroleum
Friends...Thats almost a double,
And unless i am mistaken the world has
NOT
solved the lack of oil in the world
Globe says ARC, others top holdings at Sentry fund
2011-07-20 08:53 ET - In the News
See In the News (C-ARX) ARC Resources Ltd (3)
The Globe and Mail reports in its Wednesday, July 20, edition that Sentry Select Energy Growth and Income Fund, which is managed by Laura Lau, gained 33.7 per cent for the year ended June 30 compared with an average of 31.3 per cent for its peers and 30.1 per cent over two years.
The Globe's Shirley Won writes in the Number Cruncher column that the $200.6-million natural resources equity fund was formed last year from the merger of Sentry Select Canadian Energy Growth and Sentry Select Energy Income funds. Both were run by Ms. Lau and she continues to oversee the merged fund. She is more bullish on oil than natural gas.
The International Energy Agency last month would not have announced the release of 60 million barrels of oil from government-held reserves "unless they believed that the oil market was very tight," says Ms. Lau. She also likes energy firms that are natural gas liquid plays and produce so-called wet gases because their prices tend to follow the price of crude oil.
Ms. Lau's top holdings are ARC Resources, Banker Petroleum, Baytex Energy, Crescent Point Energy, Enbridge, Keyera, Longview Oil, Peyto Exploration and Development, Vermilion Energy and Parallel Energy Trust.
Analysts
To our knowledge, following is a list of all the analysts who currently follow Bankers Petroleum Ltd. Bankers does not distribute analyst reports or recommendations.
Please contact your personal stockbroker/registered representative if you would like to access analyst research, as some or all of these analysts may not be licensed to talk with individual investors.
Bankers does not endorse or contribute to analyst estimates or recommendations.
Date | Analyst | Company | Contact |
May 17, 2011 | Christopher Brown | BMO | P: (403) 515-1574 |
March 10, 2011 | Melanie Love | Canaccord/Genuity | P: (403) 508-3839 |
May 16, 2011 | Alex Klein | Dundee Securities | P: (403) 509-2662 |
March 22, 2011 | Darren Engels | First Energy Capital | P: (403) 262-0689 |
March 22, 2011 | Toby Pierce | GMP Securities | P: +44-207-647-2822 |
November 15, 2010 | Gregory Chornoboy | Jennings Capital Inc. | P: (403) 292-9485 |
March 22, 2011 | David Popowich | Macquarie | P: (403) 539-8529 |
March 22, 2011 | Rafi Khouri | Raymond James | P: (403) 509-0560 |
March 10, 2011 | Al Stanton | RBC Capital Markets | P: +44-131-222-3638 |
March 10, 2011 | Gavin Wylie | Scotia Capital | P: (403) 213-7333 |
March 22, 2011 | David Dudlyke | Stifel Nicolaus | P: +44-207-877-4410 |
March 22, 2011 | Jamie Somerville | TD Newcrest | P: (403) 299-8586 |
March 20, 2011 | John Malone | Ticonderoga Securities | P: (212) 906-7472 |
March 22, 2011 | George Toriola | UBS Investment Research | P: (403) 695-3634 |
March 11, 2011 | Kevin Shaw | Wellington West Capital Markets | P: (403) 781-2715 |
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Short History |
Symbol | Report Date | Volume | Change | % of Float | |||
| BNK - T | 2011-07-31 | 26,419,553 | -41,867 | 10.68 | ||
| BNK - T | 2011-07-15 | 26,440,914 | 1,036,020 | 10.69 | ||
| BNK - T | 2011-06-30 | 25,404,894 | 481,209 | 10.27 |
Read The Entire Report Here
The Website
House Positions for C:BNK from 20110811 to 20110811 |
House | Bought | $Val | Ave | Sold | $Val | Ave | Net | $Net |
7 TD Sec | 626,544 | 3,111,568 | 4.966 | 46,453 | 231,303 | 4.979 | 580,091 | -2,880,265 |
121 Jennings | 283,000 | 1,409,982 | 4.982 | 0 |
| 283,000 | -1,409,982 | |
79 CIBC | 506,339 | 2,501,625 | 4.941 | 368,400 | 1,820,088 | 4.941 | 137,939 | -681,537 |
9 BMO Nesbitt | 170,356 | 835,075 | 4.902 | 46,050 | 229,693 | 4.988 | 124,306 | -605,382 |
33 Canaccord | 83,300 | 413,307 | 4.962 | 8,800 | 43,052 | 4.892 | 74,500 | -370,255 |
11 MacQuarie | 48,700 | 238,619 | 4.90 | 0 |
| 48,700 | -238,619 | |
90 Barclays | 90,300 | 447,048 | 4.951 | 46,100 | 226,943 | 4.923 | 44,200 | -220,105 |
22 Fidelity | 34,200 | 169,224 | 4.948 | 0 |
| 34,200 | -169,224 | |
2 RBC | 93,170 | 459,656 | 4.934 | 66,910 | 334,289 | 4.996 | 26,260 | -125,367 |
14 ITG | 24,600 | 122,532 | 4.981 | 0 |
| 24,600 | -122,532 | |
53 Morgan Stanley | 21,200 | 104,153 | 4.913 | 11,700 | 57,529 | 4.917 | 9,500 | -46,624 |
28 BBS | 10,000 | 49,000 | 4.90 | 3,600 | 17,676 | 4.91 | 6,400 | -31,324 |
80 National Bank | 10,675 | 53,001 | 4.965 | 5,500 | 27,230 | 4.951 | 5,175 | -25,771 |
95 Wolverton | 5,000 | 24,700 | 4.94 | 0 |
| 5,000 | -24,700 | |
19 Desjardins | 4,225 | 20,865 | 4.938 | 1,050 | 5,254 | 5.004 | 3,175 | -15,611 |
65 Goldman | 2,892 | 14,469 | 5.003 | 300 | 1,504 | 5.013 | 2,592 | -12,965 |
46 Macquarie | 1,300 | 6,433 | 4.948 | 0 |
| 1,300 | -6,433 | |
54 Global | 1,000 | 4,960 | 4.96 | 0 |
| 1,000 | -4,960 | |
124 Questrade | 2,500 | 12,296 | 4.918 | 2,800 | 13,552 | 4.84 | -300 | 1,256 |
15 UBS | 1,100 | 5,366 | 4.878 | 3,300 | 16,366 | 4.959 | -2,200 | 11,000 |
86 Pictet | 0 |
| 2,759 | 13,712 | 4.97 | -2,759 | 13,712 | |
13 Instinet | 0 |
| 4,000 | 19,693 | 4.923 | -4,000 | 19,693 | |
72 Credit Suisse | 3,200 | 15,811 | 4.941 | 12,213 | 60,207 | 4.93 | -9,013 | 44,396 |
101 Newedge | 13,400 | 65,941 | 4.921 | 24,300 | 119,325 | 4.91 | -10,900 | 53,384 |
52 NCP | 107,715 | 533,319 | 4.951 | 126,659 | 627,331 | 4.953 | -18,944 | 94,012 |
1 Anonymous | 112,800 | 557,177 | 4.94 | 132,700 | 656,994 | 4.951 | -19,900 | 99,817 |
85 Scotia | 60,895 | 301,583 | 4.953 | 123,410 | 609,639 | 4.94 | -62,515 | 308,056 |
89 Raymond James | 3,050 | 14,945 | 4.90 | 90,170 | 438,658 | 4.865 | -87,120 | 423,713 |
99 Jitney | 120,600 | 594,670 | 4.931 | 213,600 | 1,061,540 | 4.97 | -93,000 | 466,870 |
26 Commission Direct | 0 |
| 144,200 | 713,752 | 4.95 | -144,200 | 713,752 | |
39 Merrill Lynch | 29,700 | 145,440 | 4.897 | 259,400 | 1,283,229 | 4.947 | -229,700 | 1,137,789 |
74 GMP | 210,596 | 1,050,911 | 4.99 | 937,983 | 4,655,117 | 4.963 | -727,387 | 3,604,206 |
TOTAL | 2,682,357 | 13,283,676 | 4.952 | 2,682,357 | 13,283,676 | 4.952 | 0 | 0 |
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