Bankers Petroleum* (BNK : TSX : $2.08), Net Change: -0.01, % Change: -0.48%, Volume: 3,129,192

What do Tiger Williams, Dale Hunter, Tie Domi, Marty McSorley and Bankers Petroleum have in common? All have spent

quality time in the "penalty box." Over the past five quarters, Albanian heavy oil producer Bankers Petroleum's share price has

slumped as the company failed to meet production expectations. Shares currently hover below their Proved Reserve (1P) value,

but investors remain apprehensive. BNK is also trading at a significant discount to its 2P reserve what? Canaccord

Genuity Oil & Gas Analyst Christopher Brown says there is no fixed rule that investors should trade a company at its 2P reserve

value. However, it is unusual to see a stock discounted below this level, as it is generally indicative of a lack of faith in either

the independently audited reserves or in management, or a combination thereof. Unfortunately, BNK is in a phase of rebuilding

investor confidence after missing production guidance quarter-over-quarter. In addition, with a limited set of horizontal well

data, the independent valuation was more optimistic than actual results delivered. Reserves have been corrected for a more

realistic outcome, so it is now up to management to deliver on its production guidance. Brown believes that the company will

need at least three quarters of production growth to regain shareholder confidence. Over the next year, Brown believes that the

company will resolve its production issues, and by doing so, earn its release from the proverbial "penalty box."