"this trust is going away likely 2 years before it's wend date in 2021"
really???? stunning revelation
please tell us all stormy where do these opinions come from? I wonder, since there is so much doom and gloom in your forecast, do you own this stock? Per your own admission your not short or so you SAY
If your just here to prognosticate and not a shareholder why not come clean?
WTI traded well below 50.00 before the last distribution
Iranian oil hitting the market is a bit far fetched ..... even if it does yur looking at a couple hundred million barrels and even IF it happens. congress will beat this deal up and the result will make wti go back near 60.00 in the not so distant future
hey math wiz - last distribution was based on the ASP of oil at 41.33
we are at over 54 today and spent much of the past couple of months close to 60 until the past 2 weeks
try again shorty
a level 2 and time and sales can confirm the mmk maker #$%$ are working hard
once they get your shares this thing will pop
they did it before and will do it again
no one should be shocked that the #$%$ master (aka market maker) has decided to close WHZ right near the day low
What a criminal enterprise
They need to be investigated IMO
your correct on your numbers that WHZ is sparsely held by reporting companies
I know however it's widely held by small non- reporting firms, individual investors and or course your corrupt market makers that are accumulating this puppy by the pant load at this PPS
jimmy ... i'm afraid your too pessimistic
there's no question, in the current climate WHZ is not spending $ on well development
you na sayers need to be careful at this PPS
This trust will still pay for the next 6 years so will it pay more than 2.75? place your bet
Report Friday confirms rig count in Permian went up so confidence to build the market is returning and will probably do so fast
Whiting USA Trust II surges 10% after Raymond James upgrade
Jun 5 2015, 15:17 ET
Whiting USA Trust II (WHZ +10.4%) is upgraded to Outperform from Underperform with a $4.50 price target at Raymond James, which considers the recent sharp selloff overdone and that the price has moved too far into bearish territory.
The firm expects WHZ's distributions to increase steadily throughout the year after Q1 fell to $0.01/unit from $0.33 in Q4 2014; WHZ's production is heavily weighted towards oil (77%), and the last remaining hedges rolled off in Q1, so the Q1 distribution bore the full brunt of the decline in oil prices, which damaged the stock performance.
kot - one flaw in your thesis as outlined in the Ray James coverage and that is at the recent distribution there was accounting for the ending of the hedges which will not be a cost moving forward.
UBS suggests we see much higher oil in 2016 as the supply issue changes. No Iran deal and we accelerate the process to higher divi IMO
Last qtr. WHZ paid a small divi based on 48.75 per barrel of oil
We now avg. 60.00 and recently forecasts call for the "glut" to diminish (past 3 reports showed inventory draw downs) and prices expected to continue a rise
Unless oil goes below 45.00 I don't see how this thing will never stop paying divi's
Don't also forget the Iran factor or that OPEC could finally come to their senses with a production reduction
I call for $5 PPS before $3
in roughly 3 years the trust has paid out over $6 in distributions ..all be it when oil was higher.
now with the price of WTI rising and 6 more years before the trust terminates, you mean to tell me that getting back over $3 in distributions is not all but a sure thing? Your playing with fire if short IMO