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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

Big Banc Split Corp
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Comment by pix4dddon Oct 26, 2015 10:14am
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Post# 24226505

RE:RE:RE:RE:RE:Back in @2.31

RE:RE:RE:RE:RE:Back in @2.31Sorry braincloud, but I don't believe your theory. I remenber 1 year ago you were speaking about a big bounced back up by the end of 2015 to over $75-$80. The end of the year is approaching and oil is still trading at multiyears lows. Since 1 year it seems oil is stabilizing between $40-$48. Supply and demand balance at those price, that's why we are stuck since a year now in this trading range. 

Goldman Sachs sees WTI averaging at $45 next year. Since the beginning of the year they have been right with their prediction of $40-$45 oil. So yes sometimes (10-20% of the times) they are wrong like in 2008. But 80-90% of the time they have been right. And I do agree with their $45 oil prediction next year as new tehcnologies decrease cost of extracting oil so increasing offer.

 

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