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Bullboard - Stock Discussion Forum 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... see more

TSX:BNK - Post Discussion

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Post by wittmann on Dec 15, 2015 10:39am

news

Looks like they have everything calculated at $40-50 bbl oil,which puts them in line with many oilco's.Not much of a market reaction though.Maybe everyone was hoping for more clearity from the government.
Comment by trader99999 on Dec 15, 2015 12:13pm
Actually, the lack of reaction is a reaction.  Other oils are up today, some pretty nicely.  We are stagnant.
Comment by lefmike on Dec 15, 2015 12:29pm
I respectfully ask that you look again at the prices, yes the big guys are up but the smaller guys are up marginally but going lower as I type this. . After having listened to the CC Mr. French sounded pretty positive and that the issues with the Albanian Government is not ruined and that they have good discussions and that they are moving forward. . He did mention that they will keep the two rigs ...more  
Comment by LordIskander on Dec 15, 2015 1:00pm
Jermy Corbyn has recently immortalized Albania's communist dictator's adage sounding eerily similar to the above: "Next year will tougher than the last"
Comment by nexthink on Dec 15, 2015 12:38pm
That's normal since 2years our oil production is declining quarter after quarter. Today French announced another 15% oil production decline for 2016. That's not really positive. In 2017 we will be producing under 15'000bpd if the trend continue (we were producing 22'000bpd 2 years ago). We still have no further details on the oil tax dispute with albs. Still unknown. also they ...more  
Comment by braincloud on Dec 15, 2015 2:47pm
I'm beginning to thing that you throw sheit out there for a reaction. I'd suggest that you go to a quiet room and tune into the conference call and take notes. Then re-write your last post.
Comment by LordIskander on Dec 15, 2015 4:46pm
Yes sir! Here are my notes Expert mediation was delayed because Bankers was 'finalizing regional and staffing requirements BNK expects to actually pay 3/4 of the $52MM tax assessment and fully expects to be vindicated meaning that that money will be paid in lieu of upcoming royalties. There was some question of the Reiffeisen line of credit (revolver) and whether the bank would ...more  
Comment by CREAMSHOW on Dec 15, 2015 4:59pm
Comment by lefmike on Dec 15, 2015 8:02pm
Screamshow, . If you're going to complain about the companies operations please at least get it right.... . First of all, this whole mess started in June last year of.. 18 months ago, BNK's highest production was in 2014 we're in 2015 not two years go. . The price of oil can very easily climb that 25% Pheuck.. it could do that in 2 days with a good war between Iran an maybe Iraq, Or ...more  
Comment by himmler on Dec 15, 2015 8:13pm
WTF is going on here ???There are 3 idiots that  just re-post  each others comments.As if thats not dumb enough..all three of you punks dont know what you're tallking about...lets see..we have a moron who we shall call Creepshow,who loves to quote another idiot that we shall call,Cannotthink, who in turn quotes TraderIQ10. Actually you guys should quote each other because all of you ...more  
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