|Bid||0.0600 x 0|
|Ask||0.0700 x 0|
|Day's Range||0.0500 - 0.0700|
|52 Week Range||0.0300 - 0.2800|
|Beta (5Y Monthly)||1.78|
|PE Ratio (TTM)||N/A|
|Earnings Date||Mar. 11, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||0.75|
CAMARILLO, CA , April 7, 2020 /CNW/ - BNK Petroleum Inc. (the "BNK") (TSX: BKX) announces that its indirect wholly owned subsidiary BNK Petroleum (US) Inc. ("BNK US") has received its bank borrowing base redetermination on its revolving line of credit ("credit facility") from BOK Financial ("BOKF"), which has lowered the borrowing base to $23.5 million . Concurrent with the redetermination, BNK made a $3 million principal payment on its line of credit, reducing the outstanding amount to $23.5 million , and has agreed to make future principal payments to further reduce the borrowing base to $21.0 million by November 2020 . The Company's cash on hand, which totaled $3.1 million at December 31, 2019 , and its 2020 adjusted funds flow, are expected to fund all of these principal payments to the bank.
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All amounts are in U.S. Dollars unless otherwise indicated: TSX ticker symbol; BKX OTCQX ticker symbol; BNKPF CAMARILLO, CA , Nov. 7, 2019 /CNW/ - THIRD QUARTER HIGHLIGHTS Average production for the third ...
CAMARILLO, CA, Oct. 28, 2019 /CNW/ - BNK Petroleum Inc. ("BNK" or the "Company) (TSX:BKX, OTCQX: BNKPF) provides an update on the Company's strategic review process. As previously disclosed, the Company established a Special Committee and engaged Macquarie Capital Markets Canada Ltd. as financial advisor in connection with a comprehensive review of strategic options to optimize the capitalization and growth prospects of the Company to enhance shareholder value. As part of this process, the Company opened a corporate data room to several interested parties who executed confidentiality agreements.
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
"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.
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TSX ticker symbol; BKX OTCQX ticker symbol; BNKPF CAMARILLO, CA , June 25, 2019 /CNW/ - BNK Petroleum Inc. (the " Company " or " BNK ") (TSX: BKX) is pleased to announce the results ...
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...