SwingTrade Member Forum

[Dktway]

I am not sure if Permian Basin Royalty Trust was on that list I sent you, but here is some news on it. It was down $4.53/26.84% after hours. But on only 900 shares.


Burlington Resources Inc. BR today announced an offering to the public of 7,500,000 of its units of beneficial interest in the Permian Basin Royalty Trust PBT, pursuant to an effective registration statement on Form S-3 filed with the Securities and Exchange Commission on April 14, 2005. Burlington is the sole selling unit holder, and no units will be sold by the Trust. Additionally, Burlington has granted the underwriters a 30-day option to purchase up to 1,125,000 additional units to cover over-allotments, if any. The Trust will not receive any proceeds from this offering.