Stockhouse.com uses cookies on this site. By continuing to use our service, you agree to our use of cookies. Cookies are used to offer you a better browsing experience and to analyze our traffic. We also use them to share usage information with our partners. See full details.
I Agree
×
Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Privacy Policy | Disclaimer

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Privacy Policy | Disclaimer
Please Try Again {{ error }}

Send my password

Return to Login
SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Big Banc Split Corp T.BNK

Alternate Symbol(s):  T.BNK.PR.A

Financial Services Asset Management
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

Big Banc Split Corp
Bullboard Posts
User Avatar Image
(142)
•••
Comment by BrokerGon Mar 28, 2013 10:37am
219 Views
Post# 21180080

RE: RE: RE: RE: I'm sure like an awful lot

RE: RE: RE: RE: I'm sure like an awful lot

In BNK's press release of Feb 25/13, they mention the following:

Operational Update

Average production for the first quarter to date was 16,800 bopd; this rate is 4.0% higher than the fourth quarter average production of 16,163 bopd.

Last month one of the five drilling rigs operating for the Company in Albaniawas damaged during mobilization between locations. The rig is currently being repaired and is expected to resume drilling next week. Bankers 2012 production forecast remains unchanged.

Does anyone think the drilling rig damage, as per above statement, may cause a production drop for the quarter? or stagnate production?

Could this explain current share price? Just asking.

 

 

Bullboard Posts
Dealroom for high-potential pre-IPO opportunities