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BP Prudhoe Bay Royalty Trust Message Board

  • WOODSTOCK9599 WOODSTOCK9599 May 12, 2008 6:19 PM Flag

    Did any of you ever check

     

    (CPST) I'm a long term holder of (BPT) I also sold (PBT) for a 80% gain. I'm even thinking about selling (BPT) at a 50% gain. I'm a small investor 800K but I really like (CPST) I'm not telling you to buy. But I really think it is worth your while to check it out. We are investors in the same boat. Don't get me wrong I wouldn't sell (BPT) to buy this. Just take a look. I wouldn't sell (BPT)

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    • CORRECTION OF LAST POST-- By Farms 1804--aka Banyan

      I have no idea of how my last post got so mixed up in transmission.

      For those that do not agree with the post, please do not blame Linliv3.

      Farms 1804--aka Banyan

    • RE: Recent post on "tax efficiency"--goto-gofer

      I think you made an excellent point concerning taxation principles.

      Although tax consequences, subsequently,can, and maybe be important factors in an investment decision, for me, it was never the most important one.

      In my thinking, the investment had to be one that I felt could make it on it's own, without having to factor in possible tax savings for success or failure of the investment.

      Any tax advantage that might have come along down the road, I considered "icing on the cake".

      Farms1804--Banyan

    • RE: Recent post on "tax efficiency"--goto-gofer

      I think you made an excellent point concerning taxation principles.

      Although tax consequences, subsequently,can, and maybe be important factors in an investment decision, for me, it was never the most important one.

      In my thinking, the investment had to be one that I felt could make it on it's own, without having to factor in possible tax savings for success or failure of the investment.

      Any tax advantage that might have come along down the road, I considered "icing on the cake".

      Farms1804--Babyan

    • If you have a high unit cost in BPT, like $90 per unit, the cost depletion deduction is very large and the actual amount of royalty income exposed to taxes is relatively small. So a blanket statement that FRO is more tax efficient then BPT is not correct for most of the newer BPT unit holders. But do your own dd if you don't believe me.

    • Well, we'll just have to agree to disagree on those ETFs. IMO they're on sale right now and will recover when the economy returns to some semblance of normal. In the meantime, you're still making 10% divs with monthly payouts to get superior dollar cost averaging (vs. a quarterly div).

      I made a post last week in this thread warning of the potential pitfalls of the technology CPST is using, I wouldn't touch that stock right now. And you were/are also high on TELOZ, right? Got any explanation for that $10 catastrophe last Friday?

    • As a "long time" owner of FRO, let me say that yes, they are aspiring to be a pure crude shipping company. They have the largest fleet in the world, and, though they seem to nurture related side businesses, once they're able to sustain themselves, they spin them off into their own companies in order to maintain their focus on hauling crude.

      It has had quite the run up, so I'm a little wary of buying at these prices, but since you're already in BPT, you're exposed to a drop in oil prices already. Do your own DD, but I think it's a good complimentary play, especially if you want to maintain your current cash flow; FRO's dividends qualify for better tax treatment than trust income, so that effectively adds a few points to the return if you're investing in a taxable account.

    • One uses options and the other buys derivative investments. No thanks. Take a look at AOD (on sale right now), AGD, or NRO for less risky monthly divvy payers.

    • Thanks but no thanks. I bought some VRB on a gamble and it went south. I'll stick with oil stocks now as I see no political will to change the US dependance.

    • (FRO) looks good, however it's had quite a run up, and I'm worried after some minimal DD that it is too tied to oil, and if WTI comes down, (FRO) will as well. Which is why I'm currently not adding to my (BPT), other than DRIP.

      What % of (FRO) revs come from hauling crude? From their website, sounds like maybe all? I suppose I should ask that on the (FRO) board or do more DD. ;)

      Any suggestions for which of those shippers you like best as an entry point of a position at the moment? Or do you think they have all run up too much?

      In other thoughts... does anyone else like (IGD) or (IID)? Closed end hi-div funds that yield around 11 to 12% currently and pay monthly like clockwork.

    • (YGE) had a nice pop today based on good earnings surprise last night by Canadian Solar. But no div and still way below it's 52 week high. Not much short ratio to provide ooomph to keep climbing. Trailing P/E in the 60s.... kinda pricey.

      But they have earnings call tomorrow. Will be interesting. Of course gotta consider solar long term. But looking for income now, it's not mature enough to be paying divvys as oil & shipping are.

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