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Bullboard - Stock Discussion Forum PERMIAN BASIN ROYALTY TRUST PBT

Permian Basin Royalty Trust is an express trust. Its Waddell Ranch Properties has mineral interests in the Waddell Ranch. Its Waddell Ranch Properties have proved reserves in six fields: Dune, Sand Hills (Judkins), Sand Hills (McKnight), Sand Hills (Tubb), University-Waddell (Devonian) and Waddell. The Waddell Ranch properties contain approximately 1,067 gross (499 net) productive oil wells and... see more

NYSE:PBT - Post Discussion

PERMIAN BASIN ROYALTY TRUST > The big guns knew.
View:
Post by 2t3m on Apr 07, 2008 9:20am

The big guns knew.

Hey Journal,

Get ready for action!

Last friday, crude oil was at 104$, but PBT went up quickly, like if someone knew that crude oil would push up soon. Guest what. This morning we are 107.30$/barrel. Just like if the big guns set the table for Monday morning rally, thinking let's set the closing of PBT at 23.04$ so monday morning will have a higher lauching base. I think that we are going to have a nice rally this week on oil and PBT. But be carreful, the PBT share price did go up, but not on a lot of volume.

Good luck everyone!
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