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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.


TSX:BNK - Post by User

Bullboard Posts
Post by 777200ERon Aug 14, 2010 8:20pm
571 Views
Post# 17351486

15K Exit For 2010 ?

15K Exit For 2010 ?

Not likely , last quatrer update said that they were at 10,100 bpd and current production is at 10,300 ?

Given some of the water and well problems coming up with 4000 barrles in 4 months for 15k exit for 2010 is a stretch.

They can come close with buying Albpetrol assets with the PP money i guess.

Still a good story , got out at 8 a while ago and have been looking for re entry , this trip up and US slowing down again will provide a good share price to get in and go long.


Good luck to all

777
Bullboard Posts