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San Juan Basin Royalty Trust Message Board

  • yo_ace_lets_do_this yo_ace_lets_do_this Jul 28, 2004 6:50 PM Flag

    Wow continuing to make all time highs

    Again and again. Along with a 12% dividend. There has to be some kind of downside. Why is the volume so low? You would think people would be eating this up. I know volume was higher than normal today, but still very low compared to most stocks...


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    • Welcome, hdrc_22000 [Sign Out] Money Manager - My Yahoo! View - Customize
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      Press Release Source: San Juan Basin Royalty Trust

      San Juan Basin Royalty Trust Declares Monthly Cash Distribution
      Tuesday July 20, 9:01 am ET

      FORT WORTH, Texas--(BUSINESS WIRE)--July 20, 2004--TexasBank, as Trustee of the San Juan Basin Royalty Trust (NYSE:SJT - News), today declared a monthly cash distribution to the holders of its units of beneficial interest of $12,697,512.88 or $0.272427 per unit, based principally upon production during the month of May 2004. The distribution is payable August 13, 2004, to unit holders of record as of July 30, 2004. Gas production for the properties from which the royalty was carved (the "Underlying Properties") totaled approximately 3,659,946 Mcf (3,961,465 MMBtu). Dividing revenues by production volume yielded an average gas price for May 2004 of $4.92 per Mcf ($4.55 per MMBtu) as compared to $4.30 per Mcf ($3.97 per MMBtu) for April 2004. The average gas price may vary significantly from the posted index price for the San Juan Basin. The index price is a gross sales price, and the revenues used in the calculation of average gas prices are net of transportation, processing and gathering costs. Furthermore, the distribution to the Trust in any given month may include significant volume adjustments for sales in prior months that reflect pricing for those prior months. Capital costs for the month were $130,789. Lease operating expense was $1,529,623 and taxes were $1,996,680.
      The Trustee has been in ongoing discussions with Burlington Resources Oil & Gas Company LP, the owner of the Underlying Properties, concerning a number of revenue and expense audit issues. This month's distribution includes $1,835,500 allocated to the Trust in partial settlement of the currently outstanding audit exceptions.

    • They're buying for the dividend.. and it's
      12% now but that takes in an accounting error
      in the trust holders favor.. The shares go X
      dividend tomorrow so there should be a drop..
      Still don't get spooked.. the shares will
      recover.. unless oil and n/g drop and I don't
      see that happening.. do you ?? hdrc

    • "There has to be some kind of downside."

      Duh! - Its the price of the commodity that generates the cash-flow. Don't kid yourself - if crude prices drop, this thing will tank too.

      Meanwhile, its nice to be long!

    • cberl1 Jul 28, 2004 11:11 PM Flag

      That's under 9%. Sorry.


    • cberl1 Jul 28, 2004 11:10 PM Flag

      The yield on SJT is under 8%. Never trust the data you see on Yahoo. Always crosscheck.

      Good Luck,


    • I think volume is lower on these high yield stocks because traders tend to chase the glamour "growth" stocks.

      Meanwhile, back at SJT...hee, hee, hee.

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