Hugoton Royalty Trust (HGTXU)

[pete807]

Good posts today, Correctly done DD. Thanks everyone... I was hoping more longs would join the discussion so I put as much info together and posted it in 4 posts to be added as moderator. I discovered why it stopped paying, and when they called with the proxy I voted no. I believe the Texas owner W/6+mm did also. They got it approved to change to Argent Trust Co. from Simmons Bank, but no change to the basic pay formula was approved in the proxy.

A rare find and under the radar for all the right reasons. We are going to be rewarded while Exxon Mobile will be supplying these energy royalties. I believe they will be happy sending the energy to expensive California too via pipeline. If they offer the guy in Texas enough for his 6mm shares they could proxy a buyout, but as posted out it will be at least 10X the .20 attempt back then.

Each month I plan to add shares while it dips between payouts and sell a portion that are green above the amount of payout up to the 2 days prior Ex date (which includes the settlement period). I sold today on the rise due to Monday being Ex date and shares bought today won't be "settled": till after it trades Monday. Check with your brokerage for more information. My cost basis went from 1.85 on 50K shares to .60 this week, on 20K left by taking profit.

I found an even better RT but only because it is set up like an MLP. Non taxed payouts... There is no ihub board so I will share in PM as per request. I prefer it stays with longs. If volume ever goes to 7 figures daily it won't matter. This one had two days above 600K volume this week.

Diamonds in the rough.

GLTA!
-Pete