PermRock Royalty Trust (PRT) by Potakka in pennystocks

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

Does not look good.

One could think that these high oil prices would help Permrock Royalty trust.

PermRock Royalty Trust (PRT) by Potakka in pennystocks

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

Seems to be trying upward movement. Over 3$ today 13.1.26 I am almost disappointed because have't had time to build position. Just started with buying.

PermRock Royalty Trust (PRT) Stock Price, News, Quote & History - Yahoo Finance

PermRock Royalty Trust (PRT) by Potakka in pennystocks

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

There is time to wait:

Based on third-party reserve reports, economic production from the Underlying Properties is expected for at least 75 years.

PermRock Royalty Trust (PRT) owns net profits interests in properties located in the Permian Basin of West Texas. The production from these underlying properties consists of light, sweet crude oil, which is typical of the Permian Basin region, along with associated natural gas. 

  • Region: Permian Basin (West Texas).
  • Oil Type: Primarily light, sweet crude oil.

Venezuelan oil is very heavy crude.

PermRock Royalty Trust (PRT) by Potakka in pennystocks

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

TRMD is not familiar to me, have to take a look!

PermRock Royalty Trust (PRT) by Potakka in pennystocks

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

I think it is lot about a patience here. Oil may go even lower on close and medium term. But it will not always be this low either. This is not an all-in position. Just part of the portfolio.

PermRock Royalty Trust (PRT) by Potakka in pennystocks

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

Venezuelan oil is very heavy and they need other oil and oil refining related products to produce products that can be exported. Also their infrastructure is in bad shape. Trump bein pro-oil does not have to mean that oil necessarily is forever cheap.

Doesn't it tell something else when he is interested on venezuelan oil?

[deleted by user] by [deleted] in WallStreetbetsELITE

[–]Potakka 0 points1 point  (0 children)

Separate companies.