HAHAHAHA.......look at the chart, it always dives, and dives and dives and dives, then dives more....pretty soon it will be trading at $2 with a 100% divi........step right up, step right up, everyone's a winner!
Throwing money from the window of a moving vehicle compares favorably to buying shares of this loser. I owned it when it was in the high teens to low 20's....getting out with a small loss was glorious.
25%, what a load of ........
You see a lot of posts that advocate buying these trusts because natural gas is going higher. If they think gas is going higher the smart thing to do is buy gas. But retail newbies are clueless.
but winter only lasts a couple of months so that's not much of a rationale for investing. Unless you think spring will never come again.
book is meaningless. Since we know expectations for the assets have come down since the trust was created that implies that book value is well above actual current value of the assets. Book value reflects purchase price (adjusted for depletion), not current value.
That's foolish. Why else would a company spin out a trust, except to monetize their investment? The plan was always to sell all their units whether the performance was good or poor. That's the whole point of why they create a trust in the first place.
It's painfully obvious now that SD knew that the wells that they put together to create SDT, SDR and PER Trusts were losers and that's why they wanted to get as much money up front as they could because they knew what the future would bring for these wells___ If they had been good producers they would have never gotten rid of them.......
Their lawyers put the trusts together in such a fashion as they would barely pass the muster for legality___ Now all that is left is Unit holders that have been hoodwinked but no legal recourse...
The lack of ethics, morality and integrity of these 'Oil Men" continues to amaze me___
Greed for a lack of a better word.. is in TW's genetic make up.. I hope justice in one form or another catches up to that HOG...
Or probably it was pure ineptness on his part as an Oilman that guided him towards his greed.
Of course the recent history of NatGas caused the initial downfall of most independent producers and I guess some CEO's refused defeat and took it out on unsuspecting shareholders so they can continue to profit as if NatGas was still above $10..
if youd bought a year ago at 20.00 and now its at 9.37 youd have lost 10.63 a share and would have gained 4 divys worth 2.45 a share youd still be down 8.18 a share, wow what a great deal, lol