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BP Prudhoe Bay Royalty Trust Message Board

  • swedelo swedelo Jul 15, 2013 4:04 PM Flag

    why I sold today....

    *Actual Average Daily Production for the Quarter was 78,963 BBLS

    The trust is entitled to the first 90,000BBLS and has been doing around 88-93,000/day for the last 2 years. An unexplained drop f about 14% in production is why I sold. don't know if I am right or wrong but I've done this dance of declining production in trusts before and its not pretty. So, until I get a satisfactory explanation for the dramatic production decrease I will watch and wait for a new entry point. Either higher if there is a good explanation, or much lower if not. But that's why I sold today wish I would have read the release when it came out :(

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