San Juan Trust: A Rare, Pure-Play Natural Gas Trust Owned By Retail And Not Followed By Wall Street

Jan. 06, 2022 11:34 PM ETSan Juan Basin Royalty Trust (SJT)SBR298 Comments
Dividend Master profile picture
Dividend Master
996 Followers

Summary

  • SJT typically has traded in a 6-10% yield range; currently 21%.
  • Unique one-off situation earlier in 2021 scared a lot of people out.
  • Unique way to play natural gas for income and capital gains.

Drone View Of An Oil Or Gas Drill Fracking Rig Pad with Beautiful Cloud Filled Sky

Joey Ingelhart/E+ via Getty Images

Writing this piece on San Juan Basin Royalty Trust (NYSE:SJT) has to be one of the oddest "special situations" I have ever written, in that SJT had a total return of +164% in 2021 and yet it's still nowhere

This article was written by

Dividend Master profile picture
996 Followers
20yrs in mortgage trading at several big shops followed by switch to buy side last 10yrs. Now a macro events equity oriented carry trader in high cash payout plays and when to get in/out . Focus on retail oriented small caps such as mortgage REITs , closed end funds , energy trusts , preferred stocks and most any investment with high cash payouts linked more to macro events like rates , commodities , credit markets , etc . My core back ground is the bond business

Disclosure: I/we have a beneficial long position in the shares of SJT either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Additional disclosure: SJT is my number 1 position at this time.

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