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I read this article today at istockanalyst.com which includes this passage. Does this guy know what he's talking about?
*** BP Prudhoe Bay Royalty Trust (NYSE: BPTStock Charts and Research Links: 79.88, -0.01), for example, has the right to a 16% royalty on the output of the BP PLC (NYSE ADR: BPStock Charts and Research Links: 55.01, 0.25) oil holdings in Prudhoe Bay, AK, which have 55 million barrels of proven reserves. Do the arithmetic, and you'll find that at a price of $75 per barrel, BPT has an undiscounted value of $660 million. However, its market capitalization is currently $1.7 billion. There's probably some upside potential I've missed somewhere, perhaps from secondary extraction or from some possible new discoveries in the holdings, but I doubt if there's $1 billion worth. Rating :
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Remaining reserves
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scottasande... |
 
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29-Oct-09 07:07 pm | ||
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Based on the West Texas Intermediate Price of $44....
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shbrom |
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30-Oct-09 11:45 pm | ||
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Thanks. Where can one obtain the Miller & Le...
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scottasande... | Rate it | 3-Nov-09 12:26 pm | ||
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The Report is usually found in the Form 10-K that ...
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shbrom | (2 Ratings) | 10-Nov-09 07:02 am | ||
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I read the same article.... If you research it wit...
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jhawkins_65 | (1 Rating) | 1-Dec-09 05:30 pm |
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