To be clear, I was responding to the other poster above who mentioned Jan-Dec.
I have never tried the tax calculator, I just use the tax booklet tables.
if you cant use the calculator to help with exact current tax year I cant see why they put it on their sites? just more confusion.
It should (but may not) show the distributions received in February through January which correspond to record dates in Jan-Dec.
Your broker's 1099 statement probably shows the distributions you have RECEIVED between Jan and Dec (inclusively) of each year. The royalty site shows when they are declared by the Trust..
I would like a balance but tend toward the side of maximizing total long term payouts.
I think BR would want the same as you, myself also. couple points
1. NG demand picking up..IMO
2. Control the supply and you control price..too an extent
3 NG price rising why oversupply he market?
it's short versus long term. Yes, less capex means higher short term distributions but also means lower future income. I would like a balance but tend toward the side of maximizing total long term payouts.
Have slightly different view...too me Burlington waiting for price rise ng before cap ex returns...equals better return for unit holders... if this is their thinking we as unit holders should benefit from lower cap ex..higher ng...don't think they are the only co considering this action.. IMO. Don't think its likely BR decides to do multi million cap ex if ng rises...defeating their own purpose...sure future cap ex will happen in a thoughtful/strategic way..gl...Liza has a point ng weather related..that being said ng use expanding everywhere
but higher capex means lower current distributions, lower capex means higher immediate distrubitions. higher prices, lower capex, higher productions should be good right?
So, the relatively moderate capex plan is both a blessing and a curse.
For income investors, it means they will likely not experience many, if any at all, of those months where distributions are either negligible or non existent.
The downside is that capex helps build reserves and production. SJT has a lot of Mancos Shale potential and some day it may mean a windfall for SJT. However, that may mean a double edged sword of SJT having to fund drilling participation and since this trust is primarily NPI's and not true "royalties" off the top, distributions could go away for a long time if capex is cranked up. It would be a very interesting case to watch SJT if the Mancos Shale blossoms.
In the interim, SJT is likely to crank out $.07-$.10/month for 2014.
the recent price rise is clearly due to weather impact. But winter will be over in a few months and likely NG will retrace much of those gains back to the low $4s again. That's my assumption and presumably it is also Burlington's thinking.
the NG price surge is a weather related (therefore temporary) effect.
NGLs (propane, etc) are not in shortage, there are just distribution problems which prevent them getting where they have to go fast enough.
but reduced capex should increase distributions. also distributions could increase from irr on past capex and higher gas prices. please add it up!?
Liz, I've been watching natural gas prices from the fall of 2012 up until today, and although we have fracking methods being used all over the USA and Canads, yet the price of natural gas has gone from about $3.60 or $3.70 per million cubic feet to $5.07 today, Jan. 24. How do you account for this rapid increase in price despite all the fracking activity? d
Bob Paley , Niceville, Florida ( I've already sold my SJT and I'm glad...its hardly moved in the past 6 months
What's the "challenged price environment"? Natural gas prices have been surging the last few months. And in many places in the cold climate areas of US, natural gas liquids are in low quantities with prices going through the roof. The statement doesn't make any sense.
"In light of the challenged price environment for natural gas and natural gas liquids, Burlington plans to continue the temporary suspension of its drilling program in the San Juan Basin, indicating that it currently plans to have no drilling rigs operating in the Basin during 2014. However, Burlington reported that it continually monitors natural gas prices and plans to restart the program at some point in the future, dependent upon such gas prices. Existing wells will continue to be operated. "
agree with MTR being small and the allocation issue. not so sure about HGT decline, though - looking at the last 18 months mmcf/day (see below) i like what i see - the trustee and operator did too, in fact they decided to up the monthly capex because they felt there was a return to be had...
ARE YOU FOR REAL??? or were you just trying to pump you "trade ALERTS" DIAL SOME NUMBER... JUST AS REAL AS YOU ARE...