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BP Prudhoe Bay Royalty Trust Message Board

mikegifford85 10 posts  |  Last Activity: May 6, 2016 9:34 AM Member since: Sep 13, 2011
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  • Reply to

    What happened - 18%?

    by bbkb8311 May 5, 2016 3:06 PM
    mikegifford85 mikegifford85 May 6, 2016 9:34 AM Flag

    Jrad52. I've been on the fence this morning. I may grab a few share for a quick in and out and hope to get a nice 5% pop.

  • Reply to

    What happened - 18%?

    by bbkb8311 May 5, 2016 3:06 PM
    mikegifford85 mikegifford85 May 5, 2016 10:34 PM Flag

    Jrad52. Exactly. I was wondering why it was shifting up into the deep 120's. I got in at $95 in Jan/Feb and reinvested my first dividend. I was happy to see the 35% gain in like 3 months but was thinking that it was going to be short lived.

    When I saw the announcement the other day, I was expecting a pull back but this was excessive as a part of the issue was the temporary issue with the plant shutdown. I think people were thinking the same way and locked in gains. I like my cost basis right where it is.

    With that being said, I was quite upset today.

  • Reply to

    Dividend coming up

    by mikegifford85 May 4, 2016 12:55 PM
    mikegifford85 mikegifford85 May 5, 2016 8:39 PM Flag

    Check out UTX United Technologies. I have not yet conducted my due diligence but they have a history of returning capital to shareholders by dividend and stock buybacks. 12B in 2015 with a market cap of like $80B. The dividend yield is only like 3% which is a bit low for me.

  • Reply to

    Dividend coming up

    by mikegifford85 May 4, 2016 12:55 PM
    mikegifford85 mikegifford85 May 5, 2016 8:16 PM Flag

    Jesus... you must have made a killing on MMM if you purchase prior to 10/2011.

  • Reply to

    Dividend coming up

    by mikegifford85 May 4, 2016 12:55 PM
    mikegifford85 mikegifford85 May 5, 2016 8:14 PM Flag

    Like Clowntownian said... Be very careful with funds and fees. I worked in fund accounting many years ago and learned a lot about fund operations. IMO the fees can kill you. Some of them can be very high and you have to pay them regardless of performance. Be especially careful with subsidiary fees. From what I remember, the fund pays it's own fees (subsidized by the fund) so it take the cash indirectly out of your pocket and they don't count against the regular fee percentage.

  • Reply to

    Dividend coming up

    by mikegifford85 May 4, 2016 12:55 PM
    mikegifford85 mikegifford85 May 5, 2016 8:10 PM Flag

    Thank you for sharing... I would never chastise a fellow investor. I've had far too many "learning experiences" (aka bad decisions) in my days to throw stones. I'm going to take a look at some of those. I've had success here and there BPT (becareful there), FRO, CHL, GLD, SLV. I held those for some time and then got out when it's time. BPT for the distributions and the remaining for pure gains.

  • mikegifford85 by mikegifford85 May 5, 2016 1:43 PM Flag

    Wow... 2 things really drove this lower Q1 results when compared to Q1 2015. 1. Lower selling prices for their product. 2. TEMPORARY shut down of a portion of the facility. I think it a great jump in day for those who are not in already.

  • Reply to

    Yield now around 5.7%??

    by buffettwagon May 5, 2016 12:45 PM
    mikegifford85 mikegifford85 May 5, 2016 1:34 PM Flag

    Buffett... Yahoo takes the last 4 distributions divided by the market price to get the yield. I agree with Clowntownian, it's tough to estimate the distributions in order to get the estimate on the current yield. Personally, for my individual yield, I take the last 4 distributions and divide by my cost per share (that's the yield I'm receiving anyway based upon my cost basis). You're better off following the company/market for fertilizer and their main cost (natural gas) and try to guesstimate from there.

  • Reply to

    Dividend coming up

    by mikegifford85 May 4, 2016 12:55 PM
    mikegifford85 mikegifford85 May 5, 2016 11:57 AM Flag

    Wow... Excellent work. I am working towards that same goal of having dividend/distribution payments be the bulk of my retirement income while preserving principal. Clearly Mr. Market didn't like the results of TNH today. I'm glad my basis is in the low 90's and dropping from re-investment.

  • mikegifford85 by mikegifford85 May 4, 2016 12:55 PM Flag

    Any thoughts? It should be around mid-May. Do you take the cash or reinvest?

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