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Permian Basin Royalty Trust Message Board

sildovia 1 post  |  Last Activity: Jan 5, 2016 9:09 PM Member since: Mar 13, 2007
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    Any other investors here?

    by jpust47573 Jan 5, 2016 9:03 AM
    sildovia sildovia Jan 5, 2016 9:09 PM Flag

    Hi, it does not look like there are too many folks watching this site. I have been building a position in PBT for a few years now. I am way underwater at the moment but I think time is one my side and I am being paid a little to wait.
    I found it interesting in the latest report that the Trust Manager decide to withhold $150,000 for potential extraordinary events/or expenses. And then to add $50,000 per month until a $1,000,000 reserve is built. He probably wants to ensure if prices drop way low for a few months that he still gets paid… Even without the increased withholding of $150k the professional fees increased year over year by $44,680. Most areas of oil and gas are cutting their costs everywhere they can but I guess trusts don’t have any motivation to try to control costs.

    Sentiment: Hold

PBT
5.43+0.04(+0.74%)Feb 5 4:02 PMEST