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Sabine Royalty Trust Message Board

  • ravedebay ravedebay Nov 8, 2012 9:38 AM Flag

    Good time to start buying again?

    X date is 11-13. I think Friday would be a good time to buy more. I have owned this trust for 7 years and its been my best investment. Consistant divi's and I believe with obama in we are faced with high gas prices at the pump. Your thoughts?

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    • I expect $6.00 gasoline prices by December 2013. Will this mean more profit? The O&G industry tax is on the table for review. My guess is that we inevitably looking at the disappearance of tax right off. Also, and not to be forgotten, the coming of the tax Armageddon January 1, 2013, the Bush tax cut. You must include the Obamacare and the $2000 per year per employer cost of medical care. This is a serious impediment to profit and descent distribution. Yes we will see $6.00 gasoline but will the percent of profit left will generate good investment opportunities. I am and will be very cautious until more light is available. I do not want to be blinded by $6.00 price but dismal profits.

      Sentiment: Sell

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