RE:RE:RE:RE:RE:Oil and Canadian BanksMy comments were ''worst case scenarios'' which we should all be aware of.
BK buys most of the units that are accumulated in their DRIP from the open market, at market prices.
This cancels most of the disolution effect.
One thing that's come home to roost lately is that banks are not infallible to market fluctuations and stresses, especially in other nations than Canada.
I was concerned with some of the Canadian bank efforts over the last couple of years to buy into US regional banks, which are only lightly regulated. This will definitely weaken their positions and make them less trustworthy.
I recently bought back in when the price was just over $12.90.
I'm watching the banks closely. If oil tanks, the banks will take a hit and we're seeing that in the markets right now.
Not trying to rattle anyone into selling, just needed other input as to where the banks and this trust are getting their revenue to pay the distributions.
They do a lot of trading within higher circles than I can claim and of course at wholesale, rather than retail premiums.
GLTA the good folks here.