Soreide Law Group is currently investigating claims on behalf of clients whose brokers recommended a high concentration of BP Prudhoe Bay Royalty (BPT). Many of these investors were recommended by their brokers that they invest heavily in this oil stock. These investors watched as the price of crude oil plummeted along with their investments, and experienced devastating losses.
BP Prudhoe Bay Royalty Trust (BPT)
| 52-Week Change | -40.36% |
| 52 Week High | 32.95 |
| 52 Week Low | 11.29 |
BP Prudhoe Bay Royalty Trust (BPT) operates as a grantor trust in the United States. The company holds overriding royalty interest comprising a non-operational interest in minerals in the Prudhoe Bay oil field located on the North Slope of Alaska. BP Prudhoe Bay Royalty Trust(BPT) was founded in 1989 and is based in Houston, Texas.
Shares of BP Prudhoe Bay Royalty Trust (BPT), which is a spin-off of BP, has fallen more than 67% over the past two years.
BP Prudhoe Bay Royalty Trust (BPT) pays out royalties based on production in Alaska’s North Slope, the state’s biggest oil field operated by BP Alaska. Weak revenues have hurt their bottom line and per-share earnings have fallen for the past two years.
The trust disclosed in February of 2016 that it expects to not pay royalties after 2020, based on the price of crude oil at the time.
If your broker or financial advisor recommended that you invest in the very volatile energy stock, BP Prudhoe Bay Royalty Trust (BPT), in your otherwise conservative portfolio and you experienced devastating losses, call for a no-cost consultation with an attorney on the possibility of recovering your losses at: 888-760-6552.
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