As you can see from the WTI chart, $PBT (Permian Basin Trust) has much catching up to do. It has been suppressed due to new well construction and CAPEX. Look for explosive price action in the next couple of months. July should see a modest bump in dividend price which will start the action.
PBT is setting up for a great 2021, with Oil on the rise and no signs of stopping. Goldman Sachs predicting $80 and then doubling down. This is a great play for growth. Looking to swing this into winter.
Permian Basin Royalty Trust operates as a trust of Southwest Bank. It holds interests in Texas Royalty and Waddell Ranch properties. The company was founded on November 1, 1980 and is headquartered in Dallas, TX.