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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 > Article on importance of acquiring BNK
View:
Post by LongRoad on Jul 11, 2016 10:18pm

Article on importance of acquiring BNK

With the markets hitting new highs, it is easy to see investors losing patience with the limited upside of this one in the search for something with a greater return.  

That being said for those of you still holding, here is an interesting article regarding Albania, Bankers and the Chinese.

https://atimes.com/2016/07/china-in-the-balkans-macedonia-albania-seek-beijings-help-in-building-infrastructure/

Here is the relevant part.

In March earlier this year, Shanghai-based Geo-Jade Petroleum bought the controlling rights in two Albanian oil fields from a Canadian company for a sum of $442 million. Of the two fields, Patos-Marinza is the biggest on-shore oil field in the entire European continent producing 11,900 barrels a day, whereas the other field, Kuova, is producing an additional 400 barrels.
 
Since Albania has a key location on the Trans Adriatic Pipeline, which is currently under construction and will carry Caspian gas through Turkey, Greece and Albania to Italy and the rest of Western Europe when it is completed, China’s entry into the Albanian energy sector has to be considered as a critically strategic move.
Comment by bigstar10 on Jul 11, 2016 11:56pm
I'm smelling that weird dark rotten shyte aroma. This deal is not attracting funds right now, I'm out....
Comment by PreferGolf on Jul 12, 2016 8:32am
Great Post LongRoad
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