BPT 14.1% Div and at 52 week low Message Board

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Gold/Mining/Energy : BPT 14.1% Div and at 52 week low

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To: B.K.Myers who wrote (18)	3/16/2005 6:07:23 PM
From: Canuck Dave	Read Replies (1) of 26

I phoned the company in 1999. The royalty is fixed to the price of oil. It's a very simple formula, and I think he said they had about 10 years worth of production at the then current extraction rates. So what scared me off was that BPT is ultimately a sinking asset. But yearly dividend rates now are pretty much what I could have bought it for at the time. I don't mind being wrong, but I hate being right and still not making any money off it. Such is life. CD

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