Jun. 18 at 9:59 PM
$PRT Based on the
$2.2 Unit price today you are essentially buying the following annualized yield each month:
June distribution Annualized: $.3658 /
$2.20 Unit Price = 16.163% Yield;
$94.20 Oil
Modeled July distribution Annualized:
$0.51 /
$2.20 Unit Price = 23.18% Yield
$95.43 Oil and increased production minus inclusion of one-time expenses in June Distribution
Modeled Aug Distributions:
$0.45/
$2.20 = 20.45% Yield ;
$81.75 Oil
Modeled Sept Distribution (Going forward):
$0.378 /
$2.20 =17.18% Yield ;
$70.00 Oil
Note: Production will continue to kick up for the next 3-4 months as they are completing workovers on the shut-in wells from the severe winter freeze.
I suggest each person does their own due diligence, but I strongly feel this will re-rate over the next few months, the only question is when, but in the meantime being paid to wait is a great circumstance on something that is severely undervalued.
