Hello energyplay, back from quick swim.
On the issue of US troops in Taiwan or around Taiwan, operating together with Taiwan troops, I am willing to bet a beer with you, that it happens in 2003. My Taiwan friends are cheering on the prospects, without realizing the dangers.
Events are about to turn truly interesting as opposed to casually fascinating.
I need to tap your experience:
These hotsy-totsy high yielding energy royalty trusts I am buying should be valued on the basis of proven reserve, annual production, management quality, energy price, and on whether the trust is one of finite life or can replenish reserves.
I have been accumulating ERF, HGT, NCE, PWI and SJT, and their respective indicated yields are high, which presumably mean the yields are hiding a large amortization of reserve component, and the trusts are of the finite life variety? Else why are they yielding so much? Is this the case?
Second question. These royalty trusts obviously react to gas price and interest rate moves, but do they tank when general equity markets tank, if such tanking is caused by broad all-around panic sell, as opposed to interest rate going up?
What % are you allocated to these high yielders?
How long have you played with energy royalty trusts?
Chugs, Jay |
