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BP Prudhoe Bay Royalty Trust Message Board

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  • diogenes1234 diogenes1234 Sep 18, 2003 11:09 AM Flag

    downward trend

    Westcannon:

    BPT is trending downward because crude prices are trending downward, WTI now back to the May levels at which time BPT was at $16. Since then there has been the 2Q distribution which should have kicked BPT down to $15 or so, but it didn't.

    Long term, BPT should move toward its discounted cash flow fundamental value, which currently seems to have little effect on price. An anomaly, perhaps to be taken advantage of.

 
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