Topic: How To Invest

Pat: Could you please share your views on Bankers Petroleum? Thanks.

Article Excerpt

Bankers Petroleum, $8.87, symbol BNK on Toronto (Shares outstanding: 230.2 million; Market cap: $2.0 billion), has heavy-oil assets in Albania. The company produces over 8,100 barrels per day from its Patos Marinza heavy-oil field. It also holds 100% of the nearby Kucova field. Bankers aims to raise its production to 15,000 barrels per day by the end of 2010, and 24,000 barrels per day by the end of 2011. It could earn as much as $0.50 a share this year, and $1.20 a share in 2011. The company’s focus on Albania entails some political, economic and currency risk. However, it’s okay for highly aggressive investors to hold. hold. …