bit getting killed

[goadam1]

bpt (british petroleum prudhoe bay) is getting killed. Anyone know why?

[Mega]

Re: bit getting killed

Er..............how do you mean?
Mike

[Mega]

Re: bit getting killed

You might like to read this:-
http://www.guardian.co.uk/business/2...-fall-treasury
Mike

[vt]

Re: bit getting killed

BPT is a royalty trust that is distributing cash from producing wells. They are not drilling new ones so eventually the oil depletes and there are no more distributions. The current return is much higher than other assets as an offset. I expect at some point he price will erode to recognize this. In the meantime if oil prices rise the return may be enhanced a bit before the trust dissolves.