Prudhoe Bay Royalty (BPT)

[jugs]

The most conspicuous item that defines the US oil trust from Canadian trusts has always been Canada's permitting their domestic trusts to reinvigorate asset bases by drilling new wells and making other production enhancements. Contrast this by the US rule that trusts (domestic) for us Americans will not be permitted to build the business. The basis for differentiating a US royalty trust from a more traditionally taxed/taxing corporate or MLP entity comes into this, obviously.

I'm not convinced that BP's explorative methods and means will necessarily impact on BPT unitholders' fate. Keep in mind that BP does not own BPT's assets. The fruit fell from the tree long ago and is required by law to play itself out however kindly or not the environment should be.

I wish you could be right but I'll have to see supportive statements from BP TRUST itself before becoming a believer.

Thank you for jumping into the ditches with me! I hope you can bring this further along.