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Whiting USA Trust I Whiting USA Message Board

  • divineniner divineniner Aug 8, 2013 4:20 PM Flag

    Here comes the short again from Seeking Alpha

    IIt didnt take long for the shorts to start again with their usual blarney and misinformation. He reflects increasing costs, rather than decreasing as per the last report Whiting Petro the parent t has been very inovative in extracting additional oil from exidting wells, It has its own pipeline, it has lowered the costs of new wells. He shows a small value when in reality it is at least 3.50. Another interesting point to know is that after this trust is satisified, Whiting Petro will enjoy almost 40 million in additional distributions according to their schedule which makes Whiting Petro an excellent long term investment. The trust got paid 80 per bbl for oil and I still think it should have been at least 84-85
    which would have made the distribution even higher Next qtr we can anticipate close to 90 if oil continues to rise. Remember we are now exporting oil from Cushing , and the future of Natural gas will go up .

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