2012-06-06 06:58 ET - In the News
The Globe and Mail reports in its Wednesday, June 6, edition that Dundee Securities analyst Alex Klein likes Bankers Petroleum ($2.01). The Globe's Shirley Won writes in the Eye On Equities column that Mr. Klein upgraded the shares of Bankers Petroleum to "buy," but downgraded his on-target price to $3 from $4.50. Mr. Klein notes that shares of the Canadian oil company, which has assets in Albania, have been beaten up. The Dundee stockpicker says the shares sell for "reasonably low valuations." Mr. Klein says, "Overall, we see minor improvements in its operations." The Globe reported on July 20, 2011, that Bankers was a top holding of Sentry Select manager Laura Lau. The shares were then worth $6.06. The Eye column reported on March 22, 2012, that UBS analyst George Toriola rated Bankers "buy." The shares were then worth $4.31. In the same item, Dundee analyst Alex Klein downgraded Bankers to "neutral, high risk" from "buy." Mr. Toriola said "buy" Bankers in The Globe on April 17, 2012, when it could be had for $3.71. Raymond James analyst Rafi Khouri said he considered Bankers undervalued on April 19, 2012. He maintained an "outperform" rating. The shares were then worth $3.49.
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