Dumping My LL&E Royalty Trust Stake
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Original Trade: I bought LRT in 2001 as part of a basket of Royalty Trusts. My remaining Oil Royalty Trusts are: BP Purdoe Bay (BPT), Mesa Royalty Trust (MTR) and Hugoton Royalty Trust (HGT).
What is a Royalty Trust?
Explanation and a list of other traded Royalty Trusts from Wikipedia.org.
Confessions: Does owning an oil royalty trust that collects a money from an oil company for every barrel of oil pumped make me a bad guy? I benefit from fossil fuels that will be burned and whose carbon dioxide residuals will find there way into the permanent green house gasses that contribute to global warming. Unlike an oil company who's behavior I can influence as a shareholder, Royalty Trusts behavior is set in writing from the day they are created. A royalty trust cannot decide to move into biodiesel if it was set up to collect royalties from wells - an energy company can though.
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