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Enduro Royalty Trust Message Board

  • bs_crab bs_crab Dec 21, 2012 7:41 AM Flag

    Lower Divi

    Was about to buy some but think I'll wait a little longer. Interesting price decline before the lower divi was announced. Hmmmmm. Fiscal cliff issues should lower the pps even more today.

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    • It's not a lower distribution. It's right in line with all the previous distributions this has paid, only the prior distribution was a little bit higher. Trusts like this payout a different amount each month and this has been pretty steady since it started. Very misleading to talk about 'lowering' the distribution (not a dividend).

    • Sold PER, took my loss, and bought NDRO. Smaller dist. No 20 year limit, pays monthly. Even with higher taxes, better than 10 year bond. Bill

      Sentiment: Strong Buy

      • 1 Reply to wah3346
      • welcome bill remember me from midland tx, think your in cal. anyway this is a very volitile stock so thinly traded. but mother ship endro owns 19 million shares they collect on. it pays a variable divy based on oil and gas sales #$%$ like the one above your post fail to read the prospectus trades between 16 and 19 . i always buy extra thousand shares to just trade month in and month out. still has a lot of wells to drill in future and even the frac ones are estimated to last 25 yrs. i guess whoever inherits my account will have to worry about that. sorry about the loss in per probably a good oil play but just couldnt make myself buy it. just like today when i am sick of ndro trading it surprises you once again. least you wont have to wait 3 months for paycheck good luck

        Sentiment: Strong Buy

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