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Strategies & Market Trends : Underexposed Technical Analysis -- Ignore unavailable to you. Want to Upgrade?

To: claireg who wrote (630)	11/1/2019 9:56:46 PM
From: Underexposed	Respond to of 914

DIS: BP Prudhoe Bay Royalty Trust Would the dive in BPT could be due to the selling of Prudhoe Bay interest from BP to Hilcorp? Let us look at the last 6 months of chart now the announcement of this sale to Hilcorp happened back in Aug 27. Perhaps that fall from May to August might have been based on rumours of the upcoming sale but as you can see the share price since August has been reasonably flat. The sale is to be completed sometime in 2020 but the dividend $0.3348 probably won't last as more and more of the Prudhoe Bay assets are sold.... A drop in dividends would lead a sudden drop in Share price. I believe the dividends are the left overs after costs for extracting the oil is covered....so... the lost of assets PLUS the drop in the price of oil will seriously affect the dividend payout...dropping dividend payout will reduce the share price by itself. This is my "trigger" chart for BPT. It is not very favourable a chart.... The Bollies are tight, the MACD is fine... it is the Slow Sto that is the problem. I had been hoping to hold onto this stock long enough to grab another juicy dividend.... But your question has prompted me to look further into this stock and I am not so sure it will stay away from falling more What I am going to do is apply a limit stop-loss order and set it at about $7.50/share... this will aloow the stock to rebound but limit any more losses. I will do this before the next week starts, thanks for your question. UE