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Gulf Coast Ultra Deep Royalty Trust......Buy?
Posted on 2/12/14 at 1:16 pm
Posted on 2/12/14 at 1:16 pm
Does anyone have any information on this stock? A guy was telling me about it at lunch and it sounds like an interesting play, but there's not much information on Scottrade about it.
3
Posted on 2/12/14 at 1:49 pm to TJG210
got a symbol?
Posted on 2/12/14 at 2:02 pm to b-rab2
quote:GULTU
got a symbol?
Posted on 2/12/14 at 2:05 pm to Korkstand
It is what MMR owners got after the merger as part of the deal.
Posted on 2/12/14 at 2:30 pm to TJG210
No. Show me an ultra-deep well that has worked or one that hasn't had outrageous costs.
Posted on 2/12/14 at 2:40 pm to cwill
Aren't they about to complete the second Davy Jones well? I look at it as more of a speculative play with a very small percentage of my total account.
I've never invested in a trust before, how exactly does this work? Like I said, there was very little information on Scottrade and wanted to gather more before I pull the trigger.
I've never invested in a trust before, how exactly does this work? Like I said, there was very little information on Scottrade and wanted to gather more before I pull the trigger.
This post was edited on 2/12/14 at 2:42 pm
Posted on 2/12/14 at 2:44 pm to TJG210
research SJT. They are about the same thing.
Posted on 2/12/14 at 2:47 pm to Janky
the that McMoran just about went broke on.
Posted on 2/12/14 at 3:06 pm to b-rab2
quote:
the that McMoran just about went broke on
If you're referring to my post, that was Davy Jones I, which may still produce, but is pretty far down their priories list IIRC.
This post was edited on 2/12/14 at 3:08 pm
Posted on 2/12/14 at 3:10 pm to TJG210
they're supposed to complete it this year huh?
Posted on 2/12/14 at 3:17 pm to b-rab2
1 or 2?
Posted on 2/12/14 at 3:42 pm to cwill
quote:
Show me an ultra-deep well that has worked or one that hasn't had outrageous costs.
A huge chunk of GoM production now comes from UDW drilling. Granted a lot of it is the super majors.
Posted on 2/12/14 at 4:02 pm to barry
UDW does not equal Ultra Deep Gas. The Ultra Deep Gas plays are much different than the pre-salt/tertiary plays in Ultra Deepwater.
I'd honestly avoid Ultra Deep Gas. I personally think those plays are too tight to flow anything economically.
I'd honestly avoid Ultra Deep Gas. I personally think those plays are too tight to flow anything economically.
Posted on 2/12/14 at 5:43 pm to barry
As provided below - two different things. Ultra Deep in my view was about to sink MMR so Jim Bob orchestrated the purchase of it with Freeport which he runs and also put some change in his buddy Flores' pocket while he was at it.
Posted on 2/12/14 at 6:39 pm to cwill
It was diff sinking them, they put all their eggs in that basket.
Posted on 2/12/14 at 9:49 pm to TJG210
II have some GULTU from the MMR merger. I will probably hold on to it until i can determine the outcome of this well.
Posted on 2/13/14 at 9:48 am to cwill
quote:
As provided below - two different things. Ultra Deep in my view was about to sink MMR so Jim Bob orchestrated the purchase of it with Freeport which he runs and also put some change in his buddy Flores' pocket while he was at it.
Ok, that makes more sense
Posted on 2/14/14 at 9:10 pm to barry
For my daughters ESA account I like dividend paying stocks. A paid to wait scenario. I have some regional banks, some energy, some energy MLP's (pipelines), and I have been researching royalty trusts. Interesting market.
SD Miss Trust (I and II) I don't like partly cause I already own 500 shares of SD that has done crap for me in years.
Dom (Dominion Black Warrior) has a generous dividend history but I'm not sold on the shale play in general.
ECT is one I really like. Its a Marcallious shale play (sp wrong) I like the play, and I like the div. Im prolly going to initiate a position in both this month.
If you know of any others, I am interested
SD Miss Trust (I and II) I don't like partly cause I already own 500 shares of SD that has done crap for me in years.
Dom (Dominion Black Warrior) has a generous dividend history but I'm not sold on the shale play in general.
ECT is one I really like. Its a Marcallious shale play (sp wrong) I like the play, and I like the div. Im prolly going to initiate a position in both this month.
If you know of any others, I am interested
Posted on 2/14/14 at 10:38 pm to Jp1LSU
I've been investing in stocks for a while, but never fooled with trusts. What are the ins/outs? Sounds like they are big on dividends, low on growth. I think I want to learn more about these and start dabbling in them.
Posted on 2/17/14 at 12:23 pm to TJG210
Bump for the Monday afternoon folks
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