Depending on the life of the oil field, now is a great time to buy and hold for the long term and collect dividends. I have bought or traded BPT and MARPS for years and you have to treat it like a bond with long term maturity and collect the dividends but get out when oil falls as far as it did. MARPS is a nice buy at $6 a share or so. All depends on the life of the trust and oil left in the ground.
Please Tell Me Someone Shorted BPT
- Thread starter Arnie Guitar
- Start date
$BPT remember this went from 129s to 70s because of WSJ hit piece on oil running out? No talk about that but the effect the same on the ppu
Yes this has hit both real hard and I also bailed in and out deciding if the cash machine was done (capital loss can wipe out any dividends easily). I have been out for a while but MARPS at $5.70 is looking more interest for the life it has left than BPT at $42. If there is oil still in dem dar fields then within a year MARPS can hold its value and still pay a nice dividend. BPT riskier with potential to drop into $20s.
As far as the OP is concerned it was big enough to warrant starting a BPT thread.
Sounds great. have you got a research on MARPS? Can't find much up-to-date data on it.