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BPT

From Yahoo Finance:  BP Prudhoe Bay Royalty Trust operates as a grantor trust. The company holds overriding royalty interests constituting a non-operational interest in minerals in the Prudhoe Bay oil field located on the North Slope in Alaska. The Prudhoe Bay field extends approximately 12 miles by 27 miles containing approximately 150,000 productive acres. As of December 31, 2006, its estimated, net remaining proved reserves were 81.08 million barrels of oil and condensate, of which 69.02 million barrels were proved and developed reserves, and 12.06 million barrels were proved undeveloped reserves. The company was founded in 1989 and is based in New York, New York.

By the way, this stock pay a cool 13% dividend as well.  Both this stock and PBT brokeout this week.  Stock that have low volatility and pay a high dividend seem to be working in this bear market.  Here is the chart:

bpt.PNG



2 Responses to “BPT”


By Darvastrader on March 19th, 2008 at 9:25 pm

BPT - yes, a decent stock in this market. Rising OBV shows buyers in control but prices must hold above the former 90 highs. Potential profit target around 145. For similar stocks such as this, have a look at http://www.sharesmadeeasy.com

By ronald_lulu on March 27th, 2008 at 11:59 am

Hi,
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