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

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Comment by tinman8on Jul 28, 2009 9:46am

249 Views

Post# 16171230

RE: RE: RE: RE: RE: RE: resistance

Shane the metrics the anylsts used a year back to value oil producers never exceeded about $90's. The higher price for oil was ignored - thats why the majority of companies never saw a boost to their SP's as oil passed over the $100 and up to the $147.
Now I'll grant you the current $68 is not the $90 + I'm talking about - but the difference is less today due to the tighter price differential between heavy and light crude. Back a year + ago Bankers had less production and less P&P.
I'm not saying BNK will instantly jump to its old high of nearly $6 - but at $3 it still has legs.
I agree with you pull backs are usual and not a bad thing - I just think the kind of pullback you and I are probably hoping for is unlikely - with the one caveat that an unexpected market meltdown with oil dropping sharply - then all bets are off.
GLA

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