Analyst Actions: UBS Sees "Greater Risk" on Bankers Petroleum's Thermal System Project

By Midnight Trader,  April 16, 2012, 02:54:13 PM EDT

Bankers Petroleum Ltd. (BNK.TO) reported disappointing results at its Ardenica exploration well on block "F" in Albania, with no hydrocarbons being found, The Globe and Mail reports.

UBS analyst George Toriola was cited as saying in a research note today that while the company expects to drill another exploration well on the same block in the fourth quarter, there's now "greater risk" associated with the company's thermal steam project in the country.

UBS cut its price target by $2 to $5 and maintained a "buy" rating.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

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