thanks - if you notice the yahoo does not link to the website - also I hear there may be issues with accounting - As I mentioned for many years I received the book in the mail -
no disagreement here. but that's not new information. this has been known for a very long time. it's just that many never considered this a serious risk before, IMO because they assumed oil will "never go down".
just like they now think that oil will "remain cheap for a very long time".
this is just scratching the surface. for example, contango is often explained by limited storage and high storage costs by the same people who fail to mention that the cheapest way to store oil is to . . . not extract it in the first place :)
if the costs were fixed for BPT it would be a good vehicle to invest in "storage", unfortunately they are not, but it's still a major factor IMO.
no, when the price received for oil goes down, the production costs become
a much higher percentage of oil revenue received and reduces distribution
Thanks Dr. I don't why people like trolling around these boards these boards as if they are affecting the outcome of stocks. So, it was all due to the price of oil, no shutdowns, repairs, etc. That makes sense.
yeah . . . unfortunately internet is full of semi-anonymous #$%$ who would rather "make it personal" or at best post a story about how they made a quick buck (due to their incredible smartness) than give you useful info, but you already knew that of course.
I can give you my opinion too, not sure if that would be useful to you though.
BPT has often been irrationally priced. In the past many times it's been priced with the expectation of $100 (and soon to be $150) oil "forever", so nobody paid serious attention to scheduled increases in costs, etc.
Now people all of a sudden decided that oil will be forever @ fifty, so they woke up to the rising costs, falling distributions, etc, etc.
So the answer to your question is basically no, there hasn't been a major rework, shutdown, accident, etc, etc. Just speculation about price of oil as far as I can tell.
Well I understand the price of oil has fallen. I was just wondering was there any other reason...like reduced output, maintenance, etc. That's it. Not saying I belong in this trust or not. Just asking a question. It was high 70s a month or two ago. I thought someone would just give me a quick answer. If not then I will search for myself. That's all.
You haven't tried very hard to find the tax booklet.
A simple Google search of "bpt prudhoe bay tax booklet" finds
Well then you should invest in a real oil company, not this thing that's going to be going out of business before too long.
I have received a book in the past - this year nothing - I have not seen anything online - any info on this - thanks in advance
The Saudi attack is a small speed bump in the big scheme of things... when Israel hits their point of no return and smacks Iran with their shillelagh punch, THEN you're gonna see a market reaction, and not just in energy sector issues... you can take it to the bank... Obama has pretty much ensured it's gonna happen, recently making public the heretofor top secret information we held that Israel does, in fact, already possess 'le bomb'... idiot... he WANTS to see the region erupt even more than it has, if that's possible... idiot squared
See….told you….crude oil going up because Saudi attack on Houdith in Yemen.
Powder keg is ‘investment strategy’…like I said
I almost bought in when it was over $100 because of the dividend. Glad I didn't because I would have lost almost 50% pps.
Every so often we get to read those happy messages about timing a particular stock, holding for "only 10 days" and making a killing. Almost never do we read messages about someone losing their shirt in "only 10 days" on an ill-timed trade.
It's as if all market timers are geniuses . . .