Royalty trust investors brace for another big move down as SA author Daniel Moore says...


Royalty trust investors brace for another big move down as SA author Daniel Moore says below-expectations results at Chesapeake Granite Wash Trust's (CHKR) wells mean a big revision downward in reserves. The stock - trading at a premium to much of its peer group - is vulnerable. Shares -2.9% premarket.

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  • Bradley G
    , contributor
    Comments (6) | Send Message
     
    Interesting all the wells havent even been drilled yet.

     

    Keep beating these trusts up I am patiently waiting to add many of these to my old Royalty Trust Portfolio.

     

    Thanks to the beat down of ECT I got that at darn near 9 bucks. Be nice to add CHKR at 9.00 keep the negatives coming!!!!

     

    These will pay for themselves several times over as new technologies become available to get more of the OIL NGLS and NG out of the wells.

     

    This trust will pay its full 17+years and then a little kicker at the end.
    27 Mar 2013, 08:32 AM Reply Like
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