DALLAS, June 18, 2014 /PRNewswire/ -- Dominion Resources Black Warrior Trust DOM -7.27% In view of the unusual market activity in the Trust's units, the New York Stock Exchange has contacted the Trustee in accordance with its usual practice. The Trustee stated that its policy is not to comment on unusual market activity.
I guess you think the trust should also be barred from publishing annual reports and issuing press releases since that is where the article's information came from. The trust has been telling you this for years now if you bothered to pay attention to your investments.
All these writers do is take public information and compile it and write an article. DOM and other oil and gas Trusts are wasting assets. Folks buy these and forget they are wasting assets. The dividend is a return of original investment and income. As the Trust returns the original investment, the price of the Trust should go down. Eventually the wells run dry and the Trust becomes worthless. Investors come in after the original offer and drive up the price not stopping to think that the price should be going down as the Trust returns the original investment. Read the news releases, 8Ks, 10Qs and 10Ks. All the information is there. Lazy investors failed to read these filings.
It's amazing how many people don't pay attention to the PV-10's. Even more amazing is when an 'investor' either or here or at SA has the arrogance to try and second guess the value of a trusts PV-10. While I know the method used in developing PV-10's maybe flawed or imperfect it has been more accurate than those who make their own guesses. I don't own DOM and do not short, but I did read the SA article and looked up the PV-10 for DOM. I'm not sure why the SA article is so lengthy (or anyone other comments that are negative) when it is clear PV-10 is way below the market value. Makes me wonder if ECT is next.