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.