When the grasping for yield goes bad: BP Prudhoe Bay Royalty Trust (BPT -5.9%) adds to recent losses, now off 27% in 2 weeks. The entire royalty trust sector has been shaken of late thanks to payout cuts at several (HGT-OLD, SJT, DOM), and the idea prices for these popular income plays have gotten far ahead of what they could ever pay out.
When the grasping for yield goes bad: BP Prudhoe Bay Royalty Trust (BPT -5.9%) adds to recent...
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| Symbol | Last Price | % Chg |
|---|---|---|
| BPT | - | - |
| BP Prudhoe Bay Royalty Trust | ||