WHX and WHZ
Whiting USA Trust 1 (NYSE:WHX) and Whiting USA Trust 2 (WHZ) are two trusts set up by Whiting Petroleum (NYSE:WLL) to sell future oil and natural gas production to investors. WHX is near the end of its life, whereas WHZ is near the beginning of its life. Both trusts will end at $0 when they reach their termination.
After writing a recent article on WHX's fair value, I had a number of people ask me to do a similar analysis for WHZ.
Even though WHX and WHZ are similar, there are some key differences, one of which is that they have wildly different valuations compared to their remaining distributions. WHX is grossly overvalued...
|FREE||SA PRO MEMBERS|
|IDEA GENERATOR||X||Exclusive access to 10 PRO ideas every day|
|INVESTING IDEAS LIBRARY||X||Exclusive access to PRO library of more than 15,000 ideas|
|SECTOR EXPERT NETWORK||X||Exclusive access to all sector experts for direct consultation|
|PERFORMANCE TRACKING||X||Track performance of all PRO stock ideas|
|PROFESSIONAL TOOLS||X||Professional Idea Filters to zero-in based on industry, market cap and more|