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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: Sharp_End_Of_Drill who wrote (74648)	9/26/2000 12:33:05 PM
From: Tommaso	Respond to of 95453

I am holding a pretty good stake (for me) of BPT and had planned just to keep it until the reservoir ran dry. As the price apporached $15, though, I was strongly tempted to sell because to buy or hang on at that price is to make a serious bet on increasing and continued high oil prices. Because of the depletion allowances, every holder's tax situation will be different. For me, this means a big tax liability if I sell because my basis would be so low. I am going to hold until at least the end of the year and see where we are then. All the information on this trust can be found at: sec.gov See also the BPT thread on Yahoo for much discussion of the payout sizes.

To: Sharp_End_Of_Drill who wrote (74648)	9/26/2000 1:02:04 PM
From: isopatch	Respond to of 95453

Sharp. HGT? Yeah baby! Even Mrs Patch is starting to look at it<g> And it usually risks a hernia for me to get her head out of the mutual fund page. But before I risk the wrath of the ladies on the thread, should point out Mrs Patch has a super record with her fund investments and had an enormous multi-run with Merrill Lynch stock before finally selling that nice block. On BPT? Not in it lately but have been in some several times in recent years. Only problem had with them was a serious problem getting end of year tax info. Was holding the stock certificate both times it happened. So it wasn't the broker and it wasn't a one time mistake on their part. One year it came at the last minute, the other it never came at all. If you're looking to trade it? This might not be a problem. LT? For folks looking for the tax deferred income benefits? I'd welcome input from anyone else on the thread who's had experience with BPT's investor tax information services in the past year or two. Isopatch