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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

TSX:BNK - Post Discussion

Big Banc Split Corp > There's that low volume.
View:
Post by ImFineThanks on Apr 01, 2016 2:49pm

There's that low volume.

Not much volume the last couple days.

I'm just wondering if people on this board still plan to vote "no" if oil tanks back down into the $20s... It does look like we could be headed back down there. So - Why wouldn't you just take the $2.20 and move on if that happens? I know I will.

Even if you are taking a loss, this isn't the only good play out there and with oil that low... why not transfer over to a safe play you can pick up on the cheap?
Comment by braincloud on Apr 01, 2016 4:29pm
$20? Fk even back to $30 would have 100% of the vote!!!!. You are 100% correct! Plenty of names to rummage through. You don't have to ride the same horse over the finish line!
Comment by casino on Apr 01, 2016 4:43pm
You guys and all your take the money and run. Most of you are new here and probably bought at a lot less than it is today. Fair enough take a nice profit and go. I am happy for all of you. I have made money on BNK for years and back when 20000 BOL per day was a pipe dream BNK was trading for close to $10 albeit oil was also much higher back then also. BNK is a well managed company although I have ...more  
Comment by braincloud on Apr 01, 2016 5:13pm
Caveat emptor, if oil moves higher brother. Oil doesn't move higher then it's a whole new ball game. Let this baby go and pick from the heap if you think crude goes higher Pick another! I am no newbie and probably have way more shares than you my man! I'M gonna let this one go and pick another. I'm not selling now but will tender to the best prevailing offer when the time comes!
Comment by Crakerman on Apr 01, 2016 5:47pm
Hey BC, what other names you got in mind? I wanna check them out. Thanks!
Comment by braincloud on Apr 01, 2016 6:42pm
Canecol, Africa Oil, Advantage, Raging River are the ones I will consider when and if. LOL
Comment by ImFineThanks on Apr 01, 2016 8:46pm
BC - Have you looked at Spartan Energy Corp.?
Comment by Crakerman on Apr 02, 2016 2:14am
Thanks BC. Btw, i believe spartan is fairly priced at this moment. Would love to buy some shares at 1.5 or lower.
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