Wed, Jan 28, 2015, 1:20 PM EST - U.S. Markets close in 2 hrs 40 mins


% | $
Quotes you view appear here for quick access.

BP Prudhoe Bay Royalty Trust Message Board

  • boonvilleaggie boonvilleaggie Dec 19, 2013 4:28 PM Flag

    Jan Distribution

    My calculations get ~$2.35 @ 88 MMBBLPD and WTI $97. Anybody else?

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • It just came out, $2.52, NICE!

    • Should find out this afternoon. My estimate is $2.34-$2.36

    • Well quarter over - any estimates of the distribution ? i would say $2.30-$2.35.

      Sentiment: Hold

    • Boonvilleaggie ............ i agree with your $2.35, i actually think it will be $2.35 to $2.45, but my numbers/assumptions are a little different in getting to that level. BP's share of the daily production levels for Oct was 78.7k barrels and the price of oil averaged $100, for November, BP's share of the daily production was 84.6k barrels with the average price of oil $94 (basically) and for December production, as of yesterday, has averaged 84.4k barrels (however yesterday production did hit 89.5k barrels for BP) and i am assumiong oil will average $97/barrel for December (average is a little higher as of today and hopefully will stay over $97). So i agree with you that oil will average $97/ barrel for the quarter, then adjusting this for chargable costs (i estimate $30.50/barrel) and taxes (i estimate ($25.50/barrel), leaves us with a net $41/barrel for the distribution. I estimate that the daily production for the quarter will average 82.5k barrels for BP (using only 84.4k for December), with BPT's daily share at 13.6k/barrel or 1.250 million barrels for the quarter. With a net of $41 for the distribution times the 1.250 m barrels, results in $51.3 million available for the distribution or $2.38 (this may be a few cents conservative based on the recent rise in both the producton levels and the price of oil). So we get the same answer with a few different assumptions. All is all a good dividend and a 2-4 % increase over 2012's 4th quarter.

76.25-2.61(-3.31%)1:19 PMEST

Trending Tickers

Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.