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BP Prudhoe Bay Royalty Trust Message Board

  • maha_purusha maha_purusha Dec 31, 2005 1:02 AM Flag

    WTI over $61.

    BPT may open with a bang on Tuesday the third.

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    • I agree, it should go up to $70 in the week to come.

      There is so much uncertaincy regarding oil demand and supply. There is the Iraq mess (I still believe we went there for the oil, IMHO)
      Venezuela, Iran and Nigeria cannot be counted on for any non interupted supply. The Saudi oil is heavy, and hard to refine. A new clean air bill will go into effect Jan. 1st that will make gasoline more expensive for refineries to produce. Russia and the Ukraine may go to war over the shutting down of the N.G. pipeline.

      Whew...It's no wonder that nobody can predict what energy prices will be.

      Anyway, back to BPT. I really see an $80 price in the future for this stock. I have bought and sold BPT since late 2002 when it was $15.00 p.s. It will go up again, and we have a nice dividend around the corner in January.

      I would like to add a comment on LRT. I have also bought and sold this stock. It always made me nervous when I owned it because their production varied so much, and likewise the dividend. I would agree that it is a good opportunity to buy it cheap, and see a good profit when they start paying a dividend some day. however, I would not buy it unless I had a strong stomach, and could weather a lower price. Hard to find a bottom on this type of stock.

      By the way, there are some really good Canadian Royalty trusts out there folks. You can get a monthly dividend of around 10% after the Canadian w.h. tax. You can recover the 15% tax if you are trading in a taxable account. My two favorites are AAV & HTE. I own both in my IRA and Taxable accounts.

      Happy new year you crazy investors. Hope you make a lot of money in 2006. (Stick with energy, and you will grow rich....I have)

      • 3 Replies to esst7ceft1
      • > By the way, there are some really good
        > Canadian Royalty trusts out there folks.
        > You can get a >monthly dividend of around 10%
        > after the Canadian w.h. tax. You can recover
        > the 15% tax if you are trading in a taxable
        > account. My two favorites are AAV & HTE. I
        > own both in my IRA and Taxable account

        Can you tell us what procedure we should follow
        to recover the foreign tax? I do own ERF in
        a tax sheltered account. If I were to own it
        in a cash account, what do I do?

        thank you very much,

        -etrade2000

      • esst7ceft1--

        I could not agree more with your belief that oil was one of the dominating factors in our president's decision to go to war with Iraq. You and I are probably in the minority on this point, but so be it.

        An article that I read...and I wish I could give you the source of the article, but I have forgotten, said that Iraq is sitting on a vast pool of proven reserves, not yet fully determined. The article stated that Iraq has the third largest proven reserves in the world, behind Saudi Arabia and Canada. Canada in third place really surprised me, but that is what the article said.

        So, articles like this one, and others that I have read, concerning the oil potential of Iraq, is why I think keeping control of all that oil out of the hands of a mad man, was a definite factor..among others of course..in his decision to go to war with Iraq.

        It is my belief..or an opinion, which I try not to express too many, because they are just an opnion, is that, WHEN and IF, the situation in Iraq ever stabalizes to the point where they become a functional democracy, as we know it, it will effect world oil markets...probably downward.

        I make no predictions as to when, or if, this will happen, other than to say that I fear it is a long way in the future.

        The December 2004 issue of "Smart Money" had an article by Roger Lowenstein entitled, "Why Crude will Fall". He alluded to the war with Iraq and turmoil in one of the richest oil regions of the world as a dominating factor in oil prices at present. I found the article interesting...and highly debateable... but plausable sometime in the future.

        He set no time table for the fall, and oil has risen in the past year from $42 to present levels, but not nearly to the $90--100 as predicted by some.

        Farms 1804--aka Banyan

      • I am considering an investment in BPT but have some reservations and would appreciate it if anybody out there could give me some information. Considering the basic structure of the trust, what happens when production falls below 90,000 bpd? Does the trust them end, and what happens to our investment? Has the share price by that time fallen to zero?

        BP supposedly believes that the reserves will last until 2013. Are the wells involved in secondary recovery? Tertiary (sp?) recovery? Is the trust property being further developed? I understand that Prudhoe Bay reserves are being depleted more quickly than originally projected. How will that affect investors?

        Any information anybody can give me would be appreciated.

 
BPT
93.28-1.21(-1.28%)Sep 19 4:02 PMEDT

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