Dennis Beaudet
Long only

Bankers Petroleum: Massive Resource, Steep Production Growth, Strong Upcoming Catalysts, Significant Undervaluation

(Editor's Note: Bankers Petroleum trades with better liquidity on the Toronto Stock Exchange as BNK.TO)

Some background on the company

Bankers Petroleum (OTCPK:BNKJF) (also trading under ticker BNK.TO in Canada and BNK.L in the UK) is a Canadian heavy oil developer and producer operating in Albania. The company has a 25-year land concession agreement with the Albanian government on Continental Europe's largest oil field. The agreement also includes automatic 5-year renewals. The company has ~255 million shares outstanding and has a current market cap of ~$1.050 billion and an enterprise value of $1.026 billion due to the company having a net debt level negative $24 million as a result of the company's pristine balance sheet. Bankers is also...

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