Mesa Offshore Trust (fka MOSH)

[nsomniyak]

Clearly the key here is the value of the properties. It seems a long way to have come for the small up front cash payments.

I don't know what they are worth. It does appear that will be determined in the oil patch by oil people as opposed to by lawyers, which may be a good thing. Those that expected to be simply given a large check in the next couple weeks will undoubtedly sell and move on. What value there is here will take longer to unlock.

I agree with others who have posted that today's volume does not reflect a total dump. More likely it is those looking for a quick cash payday moving on.

My sense here is that there is still another shoe to drop. I am hoping that is not just wishful thinking.

For now I will certainly hold.