The Forensic Accountant
Research analyst, oil & gas, energy
Author has a track record of accurately modeling the dividends and intrinsic values of oil and gas royalty trusts.

BPT Distribution Rebound Offers 20% Yield And Short Squeeze Potential

Everyone knows that BP Prudhoe Bay Royalty Trust (NYSE:BPT) is a terrible value play - and that's why I'm long this stock. Next month's distribution is forecast to increase 10-fold over the prior quarter. And with 20% of the float sold short and a hefty 16% short fee, an upswing on share price could trigger a nasty squeeze. If you are open to a risky short-term trade, long positions in BPT offer upsides of 20-100% on stock and a whopping 30x on options between now and September.

By Intrinsic Value, BPT is Grossly Overpriced

Let's get the obvious out of the way: BPT is not a value play. My analysis, which is based on a discounted cash flow

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