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BP Prudhoe Bay Royalty Trust Message Board

  • vickersviscount vickersviscount Jun 21, 2005 4:09 PM Flag

    BPT outran its dividend. . .

    a little to much froth. . .I've been here since $11. . .and have seen it all. . .we need the yield to get back to about 10% to attract new buyers. . .

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    • While it is certainly possible that some perceive that stock has outrun dividend, this appears to be class profit taking. Just compare the chart to other oil trusts, such as SJT, which had a comprabable pull back today. If you had a good chunk of your savings in this position, you may do the same. I think this is the explanation for the sporadic moves in the trusts. See NLY for comparison, which has dropped precipitiously since reducing its dividend.

 
BPT
15.82-0.18(-1.13%)2:59 PMEDT