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.

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Big Banc Split Corp > bRaINcLoUdY = 10 Aliases, Argues with Himself on FreeBoard

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Comment by oThedave2oo6on Apr 21, 2016 10:37pm

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Post# 24797291

RE:bRaINcLoUdY = 10 Aliases, Argues with Himself on FreeBoard

Why does this Tool talk to himself? Lol Facts
Canacol Energy Hits The MotherLoad, 90 MMscf/d Gas Sales NOW

.CANACOL ENERGY (CNE) KEEP PROMISED ZOOMS HIGH UP 100%+

Canacol Energy Ltd. Achieves 90 MMSCFPD of Realized Gas Sales

T.CNE | 4 hours ago

CALGARY, ALBERTA--(Marketwired - April 21, 2016) - Canacol Energy Ltd. ("Canacol" or the "Corporation") (TSX:CNE)(OTCQX:CNNEF)(BVC:CNEC) is pleased to provide the following update concerning its gas sales and the expansion of its Jobo gas processing facility.

Realized contractual gas sales currently total 90 million standard cubic feet per day ("MMscfpd"). Canacol's gas sales are priced in US dollars sold at the Jobo plantgate under long term multi year escalated take or pay contracts at a 2016 average sales price of US$31.92 / barrel of oil equivalent ("boe"), or US$5.60 / thousand standard cubic feet ("mscf"), to major Colombian gas consumers including thermoelectric producers and mining companies.

Realized contractual gas sales for the months of January 2016, February 2016, and March 2016 were approximately 30.0 MMscfpd, 38.5 MMscfpd and 47.0 MMscfpd respectively, reflecting the additional sales related to the Promigas pipeline expansion. Realized gas sales netbacks for the first quarter of 2016 was approximately US$25.80 / boe, or US$4.53 / mscf.

Canacol estimates that realized contractual gas sales will average approximately 75 MMscfpd (13,160 boepd) for calendar 2016 (including approximately 90 MMscfpd from here forth) at an anticipated average realized price of US$5.60 / mscf (US$31.92 / boe), with an average netback of approximately US$4.56 / mcf (US$26.00 / boe), generating approximately US$153 million of gross revenues.

The expansion of gas processing facilities at the Canacol operated Jobo station have been completed, with gas total processing capacity exceeding 180 MMscfpd.

Canacol is an exploration and production company with operations focused in Colombia and Ecuador. The Corporation's common stock trades on the Toronto Stock Exchange, the OTCQX in the United States of America, and the Colombia Stock Exchange under ticker symbol CNE, CNNEF, and CNE.........

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Read more at https://www.stockhouse.com/companies/bullboard/bullboard/t.cne/canacol-energy-ord#63Xbh12oRy5YA35A.99

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