Take the 900 dollars and change loss or just hold on...What to do?...I will not chase it...Anyone see hope..Thank you...
It is not worthless and will generate distributions for quite a few years. However is is pretty difficult to predict the decline rate of production on these wells. And, remember, they will not be drilling any more to add to production volumes.
All investments have a certain value this will probably distribute 10 to12 dollars but in order to be a good investment it would have to drop to about 6 bucks.
Stick a fork in it. Its done.