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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TSX:BNK - Post Discussion

Big Banc Split Corp > Reality check

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Post by werdnapk on Mar 27, 2016 11:29am

Reality check

To those saying they'll vote no because this stock will be worth more when oil rebounds, well, you need a reality check... oil is not going to rebound anytime soon. You might see $50-$60/barrel at some point, but more than that is highly doubtful. You're more likely to see the current $30-$40 range for a while. The world is swimming in oil that nobody wants.

A buyout for double the SP (pre-announcement) is a gift. If you're voting no, then you're purely in denial. This is an easy YES vote and this is free money right now if you're buying. I'm voting YES in spades. No voters are just asking to lose it all.

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Comment by wallop13 on Mar 27, 2016 11:51am

I agree. A no vote would be silly. Take your money and move on.

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Comment by braincloud on Mar 28, 2016 10:17am

I agree 100%. A vote no puts a shareholder right back to where we were a couple of weeks ago wondering when oil moves higher to bail your position out. Oil moves nowhere and you have a zombie oil company unable to drill, develop and expand. You don't have to make it back on BNK! There are plenty of names that will move up should one believes oil is going higher. The Chinese don't care one ...more

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