As we all know, Schachter shorted the stock on a consistent basis last year. Here are some comments today on BNN:
"Oil/gas price of about $97.50 will face $20 or more downside between now and the summer driving season. There will be some great buying opportunities with some stocks going down 30%-40% if there is a break".
"If oil comes off by $20, they (BNK) will be impacted negatively on their net backs, so again the stock is vulnerable. A Buy again at $1.50".