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San Juan Basin Royalty Trust Message Board

  • financewiz04 financewiz04 Dec 6, 2003 7:49 PM Flag

    Next divy $.14 due to low gas prices

    over the past few months. Should be within the $.12 - $.16 through the first quarter.

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    • WizzieInYourPants --- what a glutton for punishment ---you flipping idiot --- how's 3rd grade this year (second time around, right?). SJT distribution has been and will be artiifically low in 2003 because the operator is dumping big time $$$ into new drilling, 2004 will be a monster year when the new wells come on line and Alpine winds up their selling in Mar or Apr. Better cover your short bet right away, SJT is going to $23 in the next 4 months.

    • Ahem...Are you inhaling too much natural gas by chance? Or maybe just a frustrated novice short? Yeah..that's probably it...

      At the NYMEX, the settlement price for the futures contract for January delivery at the Henry Hub has gained in value in three of the four trading sessions since becoming the near-month contract on November 26. The January contract closed yesterday at $5.756 per MMBtu, up slightly more than 83 cents, or 17 percent, on the week. The January contract is trading at a high since mid-October, as weather shifts from the warmer-than-normal temperatures across the country during the month of November (See Other Market/Industry Trends below). Additionally, yesterday�s closing price of $5.756 was the highest price for a near-month contract since June of this year. The February contract rose slightly less than the near-month contract--about 75 cents per MMBtu--on the week to $5.716. Further out, the April contract, which typically represents the first month following the heating season, gained a modest 26 cents to a close of $4.863 per MMBtu. The 12-month strip, or the average price of the futures contracts for each month in 2004, on Wednesday closed at $5.055 per MMBtu, up 32.3 cents on the week.

      Averaging UP AGAIN Monday...

11.1355+0.1355(+1.23%)11:12 AMEDT