Market Wrap

Market Sentiment

Intraday Updates

Market Watch

Current Play List

Watch List

Trading Ideas

Email Version

Tech Stocks

New Plays

Play Updates

Closed Plays

Active Trader

New Plays

Play Updates

Closed Plays

High Risk/

New Plays

Play Updates

Closed Plays

Stock Splits

New Plays

Expected Splits

Play Updates

Closed Plays


Split Calendar

Split Candidates

New Candidates

Splits 101

Long-Term Plays

Tech Stocks

Non-Tech Stocks

Ask the Analyst

Bailey's Basics

Learning Center

Trader's Corner

Options Primer

Options 101

Splits 101

Trading 101




Live Charts

Dow 30 charts

Economic Calendar

Arms Index Charts

Terms of Service


Contact Us



New Play - Active Trader
Sunday, January 23rd, 2005

Long (Bullish) Play

  BP Prudhoe Bay - BPT
close: 50.21 chg: +0.75 stop: 46.39

Company Description:
BP Prudhoe Bay Royalty Trust holds royalty interest for The Standard Oil Company, BP Exploration Inc, The Bank of New York and F. James Hutchinson. The Trust distributes royalties on approximately 16 percent of the first 90,000 barrels of the average daily net production of oil and condensate per quarter from the company's working interest in the Prudhoe Bay Field. (source: Reuters Business Summary)

Why We Like It:
BPT has two things going for it. First and foremost is the rising demand for oil and crude oil prices. Second is the growing interest in dividend paying stocks. When asked where they planned to put their money to work in 2005 many fund managers said they were looking toward dividend paying equities. BPT should have a growing crowd of supporters with its 12.3 percent annual yield. The high-yield dividend and its bullish chart pattern make BPT look like a great relative strength play in the current market. We want to use a TRIGGER at $50.51 to go long and target a run towards the $55.00 region. Investors may actually want to consider this a longer-term holding considering the dividend payout and the strong possibility that rising oil prices are here to stay. FYI: The P&F chart has an ascending triple-top breakout buy signal with an $82 long-term target.

Annotated Chart:

Picked on January xx at $xx.xx <-- see TRIGGER
Gain since picked:      + 0.00
Earnings Date         00/00/00 (unconfirmed)
Average Daily Volume:      240 thousand

Link to Current Quote BPT   NEWS   Zacks on BPT



Terms of Service Disclaimer Privacy Policy Contact Us
Copyright 2001 - Do not duplicate or redistribute in any form