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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 > Sustaining Capital
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Comment by himmleron Jan 11, 2016 10:57pm
118 Views
Post# 24448634

RE:RE:Sustaining Capital

RE:RE:Sustaining CapitalThat would depend on how you reached those numbers.Last year I recall some talking heads on BNN say that SU needs only $30bbl to break even..people forget to include its refining capabilities.I can believe that as its still the only oilco actively and openly pursuing aquisitions.The point is the market is so convoluted that not much makes sense anymore.E.g.. last week the world was coming to an end in oil because of china...today thats yesterdays news only to be replaced by the latest ..and greatest...that China never had anything to do with oil,neither did Iran,or the Saudis,or supply and demand.....DRUM ROLL PLEASE......IT WAS THE EVIL AMERICAN DOLLAR......DRUM ROLL STOP.!!
My guess is we settle at $30 bbl...WHY?...because its a nicer round number that sounds good .And thats about as accurate a guess as any experts LOL.
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