PERMIAN BASIN ROYALTY TRUST PBT

Oil Down, PBT's share up?!

[2t3m]

Hi journal,

Sometimes, I have a hard time understanding market behavior. Oil went just under 100$ from 109$, but PBT share price went up at 21.75$ (?). Is it that PBT had some catch up to do? Or There's a lot of people who paid PBT at over 22$ and they don't want to let it go down? Or everyone expect oil to go back up soon?

Sorry,  lots of unanswered questions. So I have April calls at 22.50$ and April puts at 17.50$, so PBT can do what ever it wants except staying still.

Do you have a better idea? please let me know.

Wish me good luck!

[2t3m]

Gooood-day journal, PBT at 22.30$So the answer to my previous post is C) everyone expect oil to go back up soon, and I was the only one not seeing it come. And what a come back, from 100$ to 105$. You know why? Everybody on the planet knows that we are on a recession (except Bush obviously, but he do not count), so all the refineries slow down the production of gas. On one side the gas is