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

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Big Banc Split Corp > Rig Count

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Post by wallop13 on Feb 19, 2016 2:49pm

Rig Count

US oil rig count down about another 5% this week to 413. I think they need about 700 to maintain production once well inventory is exhausted. So we should continue to see US production decline. This weeks drop was huge. We lost about 5% of the world's oversupply in the last 2 weeks alone, and that's just from US supply.

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Comment by himmler on Feb 21, 2016 10:06pm

The oil numbers dont add up.And on this BB,thats what Ive been harping about for a couple of years. They never have.For example,the US news media weekly annnounces oil BBL's up or down based on estimates of build,or drawwdown.What utter Bullsh!t is that ???Since when does a weekly gain or drop matter on the global scheme of things? Since when does a lousy million BBLs / week matter?Of course ...more

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Comment by braincloud on Feb 22, 2016 8:09am

I agree 100%. It's all BS as far as I'm concerned. Even the IEA uses models to interpret supply.... and they have been wrong in the past. There's nobody that can accurately determine where oil prices will go. So the talking heads just come up with inflammatory comments. In the end nobody produces anything at a loss. Eventually the numbers don't add up. IMO that day is coming.

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Big Banc Split Corp