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 > all this talk about supply

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Comment by 50centdollarson Dec 13, 2015 4:44pm

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Post# 24381279

RE:all this talk about supply

I think the point is that all these new ways of getting oil out of the ground cost-effectively will/may keep a lid on how high prices will go in future. Even if Saudi Arabia puts the shale players out of business, what's stopping them from ramping up again if oil goes back to $50-$60? Sure bankers will not be as loose with the purse strings this go around, but shale production can start up in a hurry.

It's hard to see oil returning to $100 in the medium term. And if the world is at all serious about following up on the accord they just agreed to in France, the long term isn't looking so hot for oil, either.

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