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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 > news
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Comment by nexthinkon Dec 15, 2015 12:38pm
160 Views
Post# 24385783

RE:RE:news

RE:RE:news
trader99999 wrote: Actually, the lack of reaction is a reaction.  Other oils are up today, some pretty nicely.  We are stagnant.


That's normal since 2years our oil production is declining quarter after quarter. Today French announced another 15% oil production decline for 2016. That's not really positive.
In 2017 we will be producing under 15'000bpd if the trend continue (we were producing 22'000bpd 2 years ago).
We still have no further details on the oil tax dispute with albs. Still unknown.

also they based their budget on $47.5 oil. But we are trading 25% under that level right now. It means if brent just stay at around $35 their debt will increase big time or they will have to reduce even more their capex so even bigger decrease of oil production than forecasted.



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