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Big Banc Split Corp T.BNK

Alternate Symbol(s):  T.BNK.PR.A

The investment objectives for the Preferred Shares are to provide their holders with fixed cumulative preferential monthly cash distributions in the amount of $0.05 per Preferred Share ($0.60 per annum or 6.0% per annum on the issue price of $10.00 per Preferred Share) until November 30, 2023 (the Maturity Date) and to return the original issue price of $10.00 to holders on the Maturity Date. The Company will invest on an approximately equally-weighted basis in Portfolio Shares of the following publicly traded Canadian banks: Bank of Montreal; Canadian Imperial Bank of Commerce; National Bank of Canada; Royal Bank of Canada; The Bank of Nova Scotia; and The Toronto-Dominion Bank. The Portfolio will generally be rebalanced on a quarterly basis, starting on September 30, 2020, so that as soon as practicable after each calendar quarter the Portfolio Shares will be held on an approximately equal weight basis.


TSX:BNK - Post by User

Big Banc Split Corp
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Comment by power_auditoron Jan 06, 2015 11:32am
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Post# 23289650

RE:RE:operational report

RE:RE:operational reportListened in on the call....did not hear anything of significance to make me believe CEO French does not know how to manage an Int'l energy Co. to the benefit of all shareholders.....they have shut-in ~2000 bopd...due to some waste water facility problems/hiccups and some water problems/high maintanence wells...cheaper to keep them off-line than produce today....those shut-ins numbers are flexible and the co. might get 1000 bopd back by the first of feb....it is fluid...the other 1000 bopd...no hurry it seems right now... all in all not too bad...maybe only 4 Q's from the analysts...what can you do?

Brent at @ $50 still gives a ~$23 net...not great  but passable in this environment(my opinion).
Looking for 2015 end numbers of around 20500 to 21000 avg boe/d.

Tricky wells which has always been known...I did not hear anything that would say sell today and buy back next wk.....but then if you sold yesterday that would have been good hind-sight!  

Can not time the mkt perfectly,unfortunately...just have to believe the Co. will give a ROI.  GLTA
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Dealroom for high-potential pre-IPO opportunities