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BP Prudhoe Bay Royalty Trust Message Board

  • tomn5570 tomn5570 May 31, 2014 2:37 PM Flag

    April/May Results

    First two months of the second quarter are basically in the books. Compared to the first quarter, overall production/oil prices are up over 5% for the quarter. Production is up about .5% and oil prices are up over 4.5% for the first two months of this quarter compared to the first quarter. Overall, a very good start to the 2nd quarter. If this trend should hold, the 2nd quarter distribution would be the second highest in the history of the trust, however March was a fairly good month for both production and oil prices (averaged just over $100/barrel). As for the recent bear raid on BPT (happens just about every quarter at this time), I do not look for it to end for several more days - the closing price on this Tuesday or Wednesday could be back in the 80's; not sure how low it will go, but may be a small buying opportunity.

    Sentiment: Hold

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BPT
60.00-0.34(-0.56%)Jul 2 4:02 PMEDT