Bullboard - Stock Discussion Forum 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... see more

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Big Banc Split Corp > Brent lower than WTI

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Post by agspo63 on Dec 23, 2015 10:28am

Brent lower than WTI

For the second time this year Brent oil goes lower than WTI...constant ten cents lower from this morning. Hope it will not last for long... last time was jan 13 2015... and before was under in 2013 for a short period (july 19)

Seems like the pain is not over for BNK - but at least it broke 1.00 this morning
GLTA

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Comment by agspo63 on Dec 23, 2015 7:13pm

https://www.theweek.co.uk A 40-year-old ban on exporting oil had stopped US producers competing globally and at one time meant WTI contracts were $20 cheaper than the average price for oil produced elsewhere. That ban was lifted this week as part of a contentious budget deal agreed by the Obama administration with a Republican-controlled congress. It means US crude oil can be exported ...more

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Comment by braincloud on Dec 23, 2015 9:34pm

I agree. On top of that is that the spread for finance has blown out huge. A few defaults will right the the production out of the US. The Saudi plan unfolds.

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