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 Yohonon Aug 16, 2012 9:37am

116 Views

Post# 20223918

RE: RE: RE: RE: RE: RE: RE: RE: Pescod Late Editio

I suspect the problem is that there was not enough proper evaluation of the reservoir before they chose the pilot location. It would be difficult for BNK to do the same level of evaluation as seen in North American bitumen due to poor quality data and difficulty in doing proper analysis on core - where do you get it done in a timely manner? It appears the main goal of the pilot was not so much to make a ton of cash at that particular location but to prove that bitumen could be exptracted. Hopefully the upcoming core project will provide the data and analysis necessary to properly evaluate and chose a location that shows how well a steam project can perform.

Just my thoughts.

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Cross border trading in Canada and Australia