|Bid||0.1600 x 0|
|Ask||0.1650 x 0|
|Day's Range||0.1600 - 0.1700|
|52 Week Range||0.1600 - 0.4500|
|Beta (3Y Monthly)||0.37|
|PE Ratio (TTM)||5.52|
|Earnings Date||Aug 8, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||0.75|
"We are pleased that the Company generated net income of $1.5 million and adjusted funds flow of over $2.5 million during the quarter. The Company also continues to reduce its overhead with a 7% reduction in G&A expenses for the quarter. The Company is expected to continue to generate positive cash flow for the remainder of the year and forecasts that it will have generated enough cash to be able to begin drilling the next well in the field in the fourth quarter. The special committee of the board of directors of the Company continues to examine and evaluate all strategic options as it has received interest in various options from third parties. The Company generated net income of $1.5 million compared to a net loss of $0.8 million in the second quarter 2018. This is partially due to an unrealized gain on financial commodity contracts of $1.1 million in the second quarter of 2019, compared to an unrealized loss of $1.4 million in the second quarter of 2018.
Some stocks are best avoided. It hits us in the gut when we see fellow investors suffer a loss. Spare a thought for...
TSX ticker symbol; BKX OTCQX ticker symbol; BNKPF CAMARILLO, California , June 25, 2019 /CNW/ - BNK Petroleum Inc. (the " Company " or " BNK ") (TSX: BKX) is pleased to announce the ...
Today we'll evaluate BNK Petroleum Inc. (TSE:BKX) to determine whether it could have potential as an investment idea...
The Company's adjusted funds flow was $2.6 million for the first quarter of 2019 compared to $2.5 million in the first quarter of 2018. The increase was mainly due to lower operating costs and lower G&A expenses offset by a decrease in revenue due to lower prices.
In 2008 Wolf Regener was appointed CEO of BNK Petroleum Inc. (TSE:BKX). First, this article will compare CEO compensation with compensation at similar sized companies. After that, we will consider the growth in the busin...
CAMARILLO, California , March 25, 2019 /CNW/ - BNK Petroleum Inc. ("BNK" or the "Company) (TSX:BKX, OTCQX: BNKPF) owns and operates the Tishomingo field, a strategic and highly focused shale oil property concentrated in the Southern SCOOP play/ Ardmore basin of Oklahoma ("Tishomingo Project"). BNK's successful delineation of the Tishomingo Project has resulted in continued growth in reserves, which provide for significant growth potential as the Project moves into the development phase. As such, BNK's Board of Directors ("Board") has determined that it is the opportune time to initiate a formal process to identify and evaluate strategic options to optimize the capitalization and growth prospects of the Company to enhance shareholder value as we move into this next phase.
Anyone researching BNK Petroleum Inc. (TSE:BKX) might want to consider the historical volatility of the share price. Modern finance theory considers volatility to be a measure of risk, and thereRead More...
SAN FRANCISCO, March 12, 2019 -- BNK Petroleum Inc. (BKX:TSX; BNKPF:OTCQX) reported that an independent reserves evaluation of its Caney formation property increased the.
CAMARILLO, CA , Jan. 3, 2019 /CNW/ - BNK Petroleum Inc. (the "Company" or "BNK") (TSX : BKX) is pleased to announce that both the Brock 4-2H (BNK 77% working interest) and the Anderson 1-15H10X3 (BNK 33% working interest) have begun flowback. The Anderson well, which is the first 2 mile lateral in the Tishomingo Field Caney formation, began flowing back 6 days ago. The offset Brock 4-2H well, which began flow back earlier, has an initial 14 day production rate of 290 BOEPD while still cleaning up. The Company will provide additional updates over the next few weeks once more of the fracture stimulation fluids have been recovered. The Company anticipates that both wells may need more than 30 days of flowback before meaningful initial production rates are available, due to the Brock well's proximity to the Anderson well and because it was shut-in longer than normal while the Anderson well was completed, and because the Anderson well is a two mile lateral.
Investors are always looking for growth in small-cap stocks like BNK Petroleum Inc. (TSE:BKX), with a market cap of CA$65m. However, an important fact which most ignore is: how financially Read More...