Natural Gas prices look to be well supported so the drag on revenue we experienced last year should abate. Once the currently workovers and horizontal well drilling lets up watch the distribution rise. This is not as cheap as Mesa R/T or Cross Timber R/T but it is a great buy here. Mesa and Cross Timber have very attractive yields and with equal upside, especially when we see the N/Gas prices rise.
I have been buying this and MTR. MTR looks like it has considerable upside due to the doubling of NGas prices in the last year, but PBT will also benefit greatly. These R/Ts are bargains compared to producer stocks which increased in price with the market.
I see PBT being between those in terms of value, at least versus PV10. It might look a little more expensive versus MBOE, but that is because it has more oil. Maybe you are talking about yield but I think that is temporary.