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BP Prudhoe Bay Royalty Trust Message Board

  • vickersviscount vickersviscount Aug 8, 2006 1:49 PM Flag

    Long term holders. . .

    Those of us who have been here since BPT was at $16 a share are not all that concerned. My BPT was paid for years ago by the huge dividend. I did buy some more yesterday at $69, because a year from now, we will be back in the $85-90 range again. The problems are NOT in the Alaska pipeline (some confusion there) but simply in 23 miles of pipeline in the fields. It is still warm (50 degrees) up in Deadhorse AK, so they have a few months to replace or repair 23 miles . . .no big deal. If we get a small dividend this quarter, so be it. Daytraders can have some fun here, so let them have at it!

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