aDECEMBER 18, 2008 (Dow 8605, down 219) - Bush's indecision regarding the auto bailout snd the potential ratings downgrade of GE's debt hurt the market today. Sharp moves down in oil contributed to fears of a deepening global recession. The chemicals are the biggest beneficiaries of lower oil prices. The newspaper stocks are toxic.
Texas energy trust has a 12% dividend yield - has a good mixture of oil & gas wells - expect increased distributions as oil & gas go higher - has 9 years of reserves - as the Fed cuts rates further see movement into the stock by income oriented investors - is a good holding for retirement accounts
19.40
0.00%
03/06/08
next day close
21.15
+9.02%
04/04/08
could be part of a risk averse portfolio of safe dividend payers that raise their dividends - has a 9.8% yield
23.04
+18.76%
06/27/08
if the oil inventory numbers released this coming Wednesday at 10:30am show a build we want to take advantage of any oil price weakness to buy PBT that has a 9.34% yield
25.57
+31.80%
07/22/08
will go lower - would take some off the table & wait for lower prices before buying more
22.59
+16.44%
10/02/08
US royalty trust pays a relatively safe 11.7% dividend - much more than Treasuries - a good place to hide until the market improves
22.42
+15.57%
10/22/08
have no conviction that the stock is right with oil prices sliding
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