I've tried to find out but so far i cant find the reason. Had it over a year. Don't remember why I got it.RightWingConspirator said:
BigJim,
What's the catch? I'm seeing the SJT is paying out a dividend yield of 26 percent. For and $8.00 stock, what's the catch? What is the risk to these trusts? That oil falls? Your help is much appreciated.
I just collect the royalties and spend them!
As for the rest, it all depends on oil price and production. West Texas and the Permian Basin are the best
for drilling. That and the continuing oil price is why Buffet made a multi billion investment in oil! Buffet beleives
the price will stay at current levels or rise over time. As do I.
I bought a royalty in 1965 and am still getting monthly checks = 50 plus years-and the daily production
is not over 3 barrels!
Thanks for your interest. Let me know if you invest in royalties and how you do!