I imagine if anyone would know this it would be JAVELIN. I can't remember where I came across it but it seemed like they had 64000 shares of XOM stock. I own several other MLP's and it seems that this wouldn't be an expense they could slip past regulations but maybe its an investment for future insurance. I know that SFF royalty trust has one $20 zero coupon for every outstanding share and when the trust dissolves everyone gets a matured $20 zero bond for every share that they held. Of course the shares are trading at around 22 so its basically a return on capital plus any dividends(really distributions) collected between now and whenever it expires.
What do you suppose they would hold XOM stock for? Dividends, maybe just to have some hedged assets? Anyway, I am probably going to buy a small lot of stock in DHULZ, but are there many other PTP's that you are aware of, oil related or other? Thanks