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San Juan Basin Royalty Trust Message Board

  • couldibeanymoreanidiot couldibeanymoreanidiot Jun 3, 2001 2:40 PM Flag

    15-16 is nice but

    I am hoping for lower.

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    • WWW.MCDEP.COM has a calculation showing SJT's net present value @ 6/1/01 as $17.10 --- I was also hoping Alpine's seling pressure would pressure will push price back into the $14 - $14.50 range where SJT looks like a bargain and a good hold through at least 2013 because of high reserves. But since net present value is over $17, maybe we are hoping for too much --- I have a buy order in ar $14.20, maybe will get lucky on a heavly Apline selling day.

      • 1 Reply to earnko
      • I sold at $17.56 and think we will see it go below $14. I got tempted the other day when it opened so low, but my mind told me to wait until Alpine unfolds what ever they intend to do with the remaining units. I think the longer term still looks profitable, but the next couple of months the distributions should come in very low causing the weak of heart folks and some of the new arrivals to unload driving the price down. All this is MO and may or may not come to pass. I feel I can forgo the next couple of months distributions in the gamble to rake in a few extra bucks via capital gains. My round trip commissions will only amount to about 2 cents a share, so that is not really a consideration. I will not fault those who hold during the off season. It is a personal decision and as I said, I expect they will come out OK in the long term.
        Have a nice day.

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