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Aug. 16, 2013, 12:34 PM
- Bankers Petroleum (BNKJF.PK +6.6%) shoots higher on heavy volume (both here and in Toronto) after SA Pro author Devon Shire reminds (embargoed until Monday) the company is sitting on 7.7B barrels of oil in Albania - not exactly Canada, but it's not Iraq either.
- A possible catalyst is the new well-connected CEO which could mean a joint venture on its Albanian fields and an acceleration of production growth.
BNKJF vs. ETF Alternatives
Bankers Petroleum Ltd. is a Canadian-based oil and gas exploration and production company focused on developing large oil and gas reserves in Albania. The Company operates and has the rights to develop the Patos-Marinza heavy oilfield and has a 100% interest in the Kuςova oilfield.
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