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Permian Basin Royalty Trust (PBT)

NYSE - NYSE Delayed Price. Currency in USD
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2.8300+0.0200 (+0.71%)
At close: 3:59PM EDT
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  • A
    Andy
    Portage Biotech $PTGEF $PBT.U Research Notes

    ⁃ $7m raised for new acquisition.
    ⁃ $10m pot to develop existing p/f.
    ⁃ RS 100:1 complete.
    ⁃ Looking to join a senior market (maybe via SPAC?)
    ⁃ Lead PF members Intensity/IoX could be the ‘1-2 new companies’ Portage look to form going down the franchise route.
    ⁃ Saugatuck/Stimunity reach new milestones.
    ⁃ Stimunity in the clinic next year with their oncology treatment.
    ⁃ INT230-6 into phase 2 trials.
    ⁃ IoX entering phase 1/2 clinical trials this year.
    ⁃ Max PF valuation $258 - 3 years ago when SALV was last valued. In recent financials they use the $173m FROM 2 YEARS AGO.
  • A
    Andy
    Portage Biotech $PTGEF $PBT.U Research Notes

    ⁃ $7m raised for new acquisition.
    ⁃ $10m pot to develop existing p/f.
    ⁃ RS 100:1 complete.
    ⁃ Looking to join a senior market (maybe via SPAC?)
    ⁃ Lead PF members Intensity/IoX could be the ‘1-2 new companies’ Portage look to form going down the franchise route.
    ⁃ Saugatuck/Stimunity reach new milestones.
    ⁃ Stimunity in the clinic next year with their oncology treatment.
    ⁃ INT230-6 into phase 2 trials.
    ⁃ IoX entering phase 1/2 clinical trials this year.
    ⁃ Max PF valuation $258 - 3 years ago when SALV was last valued. In recent financials they use the $173m FROM 2 YEARS AGO.
  • M
    Mark
    Latest production numbers from Waddell Ranch--I can't recall gas production ever being that low under the former operator. Let's hope this is short term and Blackbeard is learning how to work the site properly.
  • M
    Mark
    Penny+ dividend. Almost $1.4 Mil CapEx kills Waddell Ranch. New operator so they make some property investments, but would hope for some comments about future CapEx. Looks like $40 oil is a better breakeven than $45. Hard to decide if Blackbeard is working in our best interest.
  • M
    Mark
    Blackbeard's costly operation at Waddell Ranch will be an ongoing concern and will drag down future monthly distributions. Oil will have to approach $45 barrel for BB to break even, so these losses will pile up and reduce our future distributions. Waddell Ranch is already $3.3 million in hole after two months of BB operation. This is bad. Any other thoughts?
  • B
    Bemo
    “Really PBT”, I can hardly wait for another massive monthly royalty payment. New investors don’t bother here. Production is dead out on the W Ranch.
  • C
    ChuckG
    I can't remember PBT not declaring a monthly distribution amount, on or before the 20th. What's up?
  • B
    Bemo
    So, what the heck is with that royalty trust payment yesterday? To be that low there must be basically no production on the W Ranch. The rest of 2020 looks terrible here.
  • J
    Joe
    why the loss lately?
  • B
    Bemo
    Did everyone get their Royalty Trust payment last week? I got mine on December 13th.
  • C
    ChuckG
    +.43 cents on big volume. Short squeeze or hedge fund buying?
  • C
    ChuckG
    I'm standing by my estimate of 4.7+ June distribution. If not a certain RH has been feeding bad information
  • B
    Bemo
    "ChuckG or David", has PBT Royalty Trust been late with filing tax information in the past? My online broker said they are still waiting for PBT to provide the information necessary to present me w/ a complete Consolidated Form 1099? Thanks in advance.
  • C
    Christopher
    I doubt it. If institutions and big money places were leaving, there would have to be something fundamental going on, and something like that would have been in the news for sure. I wonder if it's another hedge fund drop like what we saw in December.
    Bullish
  • n
    newinvestor
    Wow. Did you see that action at the end of the day? What is going on here?

    I guess this spikes up just as quickly as it plunges downward, but the buying seems more stealthy and to take place in sudden surges, compared to the selling.

    One nice thing about PBT is it seems to march to the beat of its own dummer.

    Most of my oil stocks are still down around 30-50% since the big "oil crash" last year but at this point I'm only down 9% on PBT. It's been moving up steadily while other oil issues remain fairly stagnant.
  • T
    Thomas
    Any estimates as to what the December distribution will be?
  • D
    Dan
    PBT still paying a dividend.......0.023 for April. I'll take it.
  • B
    Bemo
    Dan & Vince, did you see the Inverted Hammer today? I am surprised with the low volume w/ 39 minutes of trading left. I guess people want confirmation with tomorrow before entering? I went ahead, and bought a few units @ $4.07.
  • B
    Bemo
    Anyone notice PBT's price action got "hammered down" on the last two B.B. squeezes? Check out mid-April 2019 and mid-July 2019 Bollinger Bands trying to squeeze again in the last 4 trading days...very slowly. Anyone nibbling at the current pps?
  • d
    dennis
    the monthly div will be going up to over 10%