Re: Sunset date for BPT
crawm...@hotmail.com
ambrosealum wrote:
> >From what I have read BPT has 13 billion barrells of proven reserve
> and is extracting about 700,000 barrells a day. That should give us
> about 40+ yrs. I'm no expert or invested in this stock I have just
> been researching it for a while.
>From the 2006 BPT annual report, as of end of 2006, BPT has 81.1
million barrels of proven reserves attributed to it per the rules of
the Trust. At $31.46 average per barrel royalty, that's $2.55 billion
in dividends (mostly, there's a small service charge every year by
Bank of New York for running the trust). There are aproximately 21.4
million shares outstanding which means about $119 per share in
dividends remain.
