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

Add To Watchlist

TSX:BNK - Post Discussion

Big Banc Split Corp > questions

View:

Post by Trader124 on Jan 07, 2016 10:16am

questions

Does anyone know why they are selling their oil at 77% of the Brent oil price??

Why they are selling discounted oil?

102

Comment

Comment by good40 on Jan 07, 2016 11:29am

There is always a price differential between light and heavy crude oil.

Comment

Comment by wallop13 on Jan 07, 2016 12:09pm

It is normal for BNK to sell for about 80% of Brent. That's why oil producers always show realized price. For example: COS Realizes full or more then WTI per barrel because they are selling light, sweet crude. The main reason for the price difference is the yield to the refinery ( the profit margin is like 21% for very heavy to 39% for a quality light). With that said, COS has a higher ...more

171

Comment

Big Banc Split Corp