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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
Comment by lefmike1on Jun 28, 2012 3:35pm
184 Views
Post# 20065591

RE: INtheditch

RE: INtheditch

Great plan Intheditch,  wow that is an absolutely  super idea,  we're almost into July  the company said that they do not expect the new liners until the Fall so let's stop all drilling for a year ( I guess that's in case the liners are late or the wrong color).

.

Pssssst. This is not a new problem, this is something that is ongoing in that area and all they need to do to avoid liner issues is to slow down recovery, read the Jennings report  you might learn a thing or two.

You can't solve the sand problem it's inherent to the area  and Abby actually explained it fairly well.

They will slow pumping to a certain level which allows the sand to remain with the pumped oil and not get clumped up adn accumulate , then they clean it out when above ground.  Apparently it's easier on the pipes, easier on the pumps and there actually seems to be less of a drop off.  We'll have to wait and see, but your insight is awesum I must say Thank you Intheditch for your well thought out suggestions.  ROFL

 

Bullboard Posts