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 > Brent $45

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Post by pix4dddon Nov 12, 2015 5:40am

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Post# 24283883

Brent $45

Will we retest $40 ?

We are trading at brent $45, close to our 6 years low. Quite frustrating but so predictable. US production up again this week to 9.160MMbpd. US oil production is stabilizing since 2 months and half between 9-9.2MMbpd. At around $45 oil US oil production is stabilizing. Iran should increase their production by 1-2MMbpd in 2016.
Russia is also producing at historical high. They all fight to keep their market share. SA doesn't want either to lose market share and will produce as much as they can.

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