CWN is right! The Xdate is the date you must own the units. The SEC regulation requires the brokers to take no more than 3 business days to process the buy or sale.
The pay day is up to the USRoyal trust, can be 8 days to 30 days varies. Arbitrarily the brokers will subtract the amount of the distribution to the units price the day of the Xdate. The idea is that the value of the distribution lower the worth or value of the USRoyal Trust. Many traders sale after Xdate so expect the unit to be lower than the distribution plus speculation.
Comparing an USRoyal Trust and a MLP is comparing oranges and apples. MLP assets can change at the will of the MLP administrator. What makes up the MLP such as pipelines and refineries can be sold or purchased which changes the value of the assets, therefore earning, of the MLP. Because MLPs own the assets, they can depreciate. The case of NTI, CVRR and ALDW shows my case. NTI changed ownership, what will western do with NTI is up for discussion. All these MLPs are refineries, refineries are well known for outage due to process equipment breakdown. When this happen the distribution take a dive. I found these MLP more difficult to track, because of the incertitude’s in their assets and stoppage.
On the other hand USRoyal Trusts are much easier to track. The production does not vary much from quarter to quarter. The index price is what to keep up with, this does not means that they are perfect.
I have invested in these MLPs but I watch them every days, USRoyal Trust are more forgettable, not as volatile on average. I did quite well with ALDW, NTI and CVRR are a mixed bag.
I've been watching this trust for a while. They announced their divvy and was not what I expected. Get ready for the share price to get slashed in half in the next two years. The price is crazy right now for this trust.
Which is actually even a worse situation, because then you can't even claim a tax loss.
The US is buying less and less Brent, so the crude price is not as dependent on the Brent index price. The quality of the crude available in the US is where the discount is. On average US refiners like API 40/45 crude. The US WTI can be higher API 50, this is why LLS has a higher price. This light crude in the condensate appellation can be discounted $20 per barrel. Depends on the refiners location.
No Xdate is not the payment date. Xdate is the last day you must own the units to qualify for payment. The qualification date is Xdate plus 3 days. This 3 days is the standard time SEC gives brokers to process the buy or sale. The payment vary with the USRoyal trust or MLP.
Announcement date is usually around July 7. Dividend should be around $.76 - $.80 as cost are always highest in the 2nd quarter due to tax implications.
Sound good. Exelyte from IEVM is been used in the mid-Western H2S loaded oil field with great success. Exelyte will be used on the treatment of 300 wells. It treat the crude while the fracking process takes place so that the surface treatment is minimal. Reduce the H2S to below 3PPM. Very cost effective water treatment totally ecologic.
Biolargo’s AOS was recently validated a second time in proof of concept testing at the University of Alberta. It was shown effective at dismantling recalcitrant contaminants (napthenes 1,4 dioxane, etc) in seconds versus hours, and, at 1/20th the power consumption of the nearest competitor, making it a contender in just about every water industry segment.
AOS will soon make it possible to increase oil sands and fracking production because it solves the wastewater problems with low cost and high speed.
Enter symbol BLGO on Yahoo Finance “Stock Symbol” box to see full news release
AOS is one of the world's most valuable technologies and is expected to be commercialized within 12 months.
BioLargo (BLGO) shares are highly undervalued.
Sentiment: Strong Buy
Not all trusts are the same; depends on the terms spelled out in the prospectus. Some trusts
are miserable things to buy. Not sure I will buy any more of this one. Master Limited Partnerships, like CVRR, make a lot more sense as an investment.
A US Royal Trust represent the value of the oil or gas or NGL in the hole. As the volume of the oil, gas or NGL diminish the trust unit diminish proportionally. This is why the unit will go to zero when production will be zero. The value of the unit goes up or down with the index prices. Toward its end life, the index price cannot increase the price of the volume left in the hole. This is the situation with WHX. A trust is not the business, you buy a chunk of what is in the hole.