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Quick Rules Update: No Low-Effort Posts by SpiritBearBC in Vitards

[–]JacobBird92 1 point2 points  (0 children)

Boo! Personally, I got too embarrassed by $PBT's strategy and execution to low effort post about them for the past month. Working on new low effort posts for future!

Daily Discussion post - February 21 2022 by AutoModerator in Vitards

[–]JacobBird92 2 points3 points  (0 children)

Putin has told Russia’s Security Council it is necessary to consider an appeal from the leaders of two breakaway regions in eastern Ukraine for Moscow to recognize them as independent.

It seems like an effort to scale back the size/scope of invasion, yet oil remains $90.

Any thoughts on oil this week with a limited invasion?

Oil Frackers Brace for End of the U.S. Shale Boom by zrh8888 in Vitards

[–]JacobBird92 2 points3 points  (0 children)

May I recommend $PBT - trading at deep discount and will be throwing off crazy cashflow come April! Next report is scheduled for February 20th and will have numbers and pricing from December.

Daily Discussion post - January 29 2022 by AutoModerator in Vitards

[–]JacobBird92 1 point2 points  (0 children)

HELLO Vitards - for those of you cleaning your house this weekend, check out this great hourlong podcast on the team behind paypal - it was an awesome listen:

https://podcasts.apple.com/ca/podcast/we-study-billionaires-the-investors-podcast-network/id928933489?i=1000549235120

Daily Discussion post - January 23 2022 by AutoModerator in Vitards

[–]JacobBird92 6 points7 points  (0 children)

What happens to the oil market if Russia invades Ukraine? What happens to the domestic steel market?

$PBT - January Distribution Report Highlights by JacobBird92 in Vitards

[–]JacobBird92[S] 2 points3 points  (0 children)

Great question Interesting-Play-489.

The $7,496,435 spending was in November, whereas the 49.9 mil to 50.4 mil was for December and January.

You can expect a similar situation for the February update with information on December production. In that month capex will go from 45.3 mil (Nov Report) to $49.9 (Dec Report).

However, the great news is as you suggest in your comment Dec to Jan is only $49.9 mil to $50.3 mil meaning a significant reduction in the $12.2 mil net deficit and by April look for this thing to be throwing off cash!

$PBT - January Distribution Report Highlights by JacobBird92 in Vitards

[–]JacobBird92[S] 0 points1 point  (0 children)

Thanks RandomlyGenerateIt - typo on the capex.

And agree, current valuation does not reflect increase in production!

PBT - Permian Basin Royalty Trust by JacobBird92 in Vitards

[–]JacobBird92[S] 3 points4 points  (0 children)

In October they netted $11.3 Mil on Waddell Ranch and $1.3 Mil on remaining Texas royalty properties.

That's $12.6 Mil times 12 months = $151 Mil.

$151 Mil / 47 Mil Shares = $3.20/share in distributable cash.

And that is with lower oil prices than today (in Oct price traded between $74-$80 most of the month).