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10 pts

Opinion on  Tidelands Royalty Trust "B" Units of Benificial Interest (TIRTZ)
Adding some yield

Aug 07, 2008 03:29 PM GMT
Gekko
Return Risk
+6.36% HIGH
Sr. Associate

Fundamental Analysis  

Tidelands Royalty Trust is a  royalty trust .  What does that mean?  A royalty trust is like a REIT, except instead of owning real estate, it usual owns oil, gas, or mineral assets.   Tidelands' assets are in the Gulf of Mexico.  Currently it pays an 11% dividend yield and sports a P/E of 8.  Oil is experiencing a correction right now, but I believe that it is headed higher long-term.   In the meantime, I would like to get some cash while I wait.   


Update 09/03:

Here 's a definition. 


TIRTZ:  This call was made on 08/07/08 @ $24.49
Rating:   Positive   $24.49 (08/07/08)
Closed:   10/10/2008 @ $10.16 (-58.51% in 64 days)
Target:   in > one year


Comments (1)

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larytet   40%     0 point   commented 474 days ago reply

Technical picture looks dangerous. Short term (1-2 weeks) is oversold. In the medium term can be a double top. retest of $18 is not out of question and if breaks the next obvious support is way down at $16. fundamentals are good though and the stock is very tempting. i will try to enter at 18 thanks for the tip


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