TELOZ Trade Opened

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ducati998

Experienced member
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TEL OFFSHORE TRUST (NasdaqSC:TELOZ) Delayed quote data

Last Trade: 6.78
Trade Time: 3:59PM ET
Change: 0.31 (4.79%)
Prev Close: 6.47
Open: 6.50
Bid: 0.01 x 100
Ask: 9,000.00 x 100
1y Target Est: N/A

Day's Range: 6.41 - 6.80
52wk Range: 4.04 - 17.49
Volume: 91,850
Avg Vol (3m): 58,964
Market Cap: 32.22M
P/E (ttm): 6.03
EPS (ttm): 1.13
Div & Yield: 1.19 (18.34%)

Position Long 3000 shares
Entry Price $6.52
Stoploss......No Stoploss
Exit Price ....At fair value

Late confirmation of trade from my broker
cheers d998
 
AP
Oil Prices Edge Past $51 Per Barrel
Thursday May 26, 11:55 pm ET
By Sui-Lee Wee, Associated Press Writer
Oil Prices Edge Past $51 Per Barrel in Asia Ahead of Start of U.S. Summer Driving Season


SINGAPORE (AP) -- Crude futures held above $51 in Asia early Friday as traders moved cautiously ahead of the long U.S. Memorial Day weekend, the start of the American summer driving season.
At midmorning in Singapore, light, sweet crude for June contracts was up 11 cents at US$51.12 a barrel in after-hours trading on the New York Mercantile Exchange.


Heating oil prices fell marginally to US$1.4435 a gallon (3.8 liters), while unleaded gas rose to US$1.45 a gallon.

"The Memorial Day weekend is fairly significant in the oil market. Certainly, industry participants will be watching the demand of this period very closely," said energy analyst Daniel Hynes of ANZ Bank in Melbourne, Australia.

He said the focus for traders now will be on gasoline supplies, and whether aging U.S. refineries will be able to cope when production is ramped up to meet summer demand.

The American Automobile Association predicted last week a record 36.9 million Americans will travel 80 kilometers (50 miles) or more this Memorial Day weekend, with nearly 85 percent leaving home by motor vehicle.

The U.S. Energy Information Administration's latest petroleum data showed U.S. gasoline inventories rose 600,000 barrels to 215.4 million barrels, up from 203.6 million a year ago. Most analysts had predicted a decline in gasoline stocks.

However, crude oil inventories fell 1.6 million barrels to 332.4 million barrels in the week ending May 20 from the previous week.

Despite this, Hynes said the current bearish market sentiment prevails because of long-term builds in crude stocks, which are currently 32.4 million barrels higher than year-ago levels. The decline reported Wednesday was only the second in 15 weeks.

Hynes also said slowing crude demand in Asia and record-high production by the Organization of Petroleum Exporting Countries would further dampen prices.

Crude prices are about US$7 lower than their all-time high of US$58.28 set April 4.
 
The TEL Offshore Trust (Trust) owns a 99.99% interest in the TEL Offshore Trust Partnership (Partnership), the Trust's principal asset. Chevron U.S.A., Inc. (Chevron) owns the remaining .01% interest in the Partnership. The Partnership owns an overriding royalty interest (Royalty), equivalent to a 25% net profits interest, in certain oil and gas properties (the Royalty Properties comprising Eugene Island 339, Ship Shoal 182/183, West Cameron 643 and East Cameron 371/381) located offshore Louisiana. Chevron owns most of the Gulf of Mexico offshore oil and gas properties of Tenneco Oil Company (Tenneco), including all the Royalty Properties. Chevron replaced Tenneco as the Working Interest Owner and Managing General Partner of the Partnership. Chevron also assumed Tenneco's obligations under the instrument conveying the Royalty to the Partnership
 
I'll update this trade once a week,

TEL OFFSHORE TRUST (NasdaqSC:TELOZ) Delayed quote data

Last Trade: 7.40
Trade Time: 3:47PM ET
Change: 0.62 (9.14%)
Prev Close: 6.78
Open: 7.09
Bid: 7.38 x 1800
Ask: 7.41 x 300
1y Target Est: N/A

Day's Range: 6.80 - 7.50
52wk Range: 4.04 - 17.49
Volume: 129,813
Avg Vol (3m): 58,964
Market Cap: 35.16M
P/E (ttm): 6.58
EPS (ttm): 1.13
Div & Yield: 1.19 (18.34%)
 
As previously threatened, the weekly update.


TEL OFFSHORE TRUST (NasdaqSC:TELOZ) Delayed quote data

Last Trade: 7.73
Trade Time: 3:48PM ET
Change: 0.15 (1.98%)
Prev Close: 7.58
Open: 7.75
Bid: 7.71 x 300
Ask: 7.73 x 100
1y Target Est: N/A

Day's Range: 7.65 - 7.79
52wk Range: 4.04 - 17.49
Volume: 27,859
Avg Vol (3m): 59,652.3
Market Cap: 36.73M
P/E (ttm): 6.87
EPS (ttm): 1.13
Div Yield (ttm): 1.19 (15.73%)


We are sitting on a 19% gain for the week, and will continue to hold.
cheers d998
 
It is my intention to sell TELOZ tomorrow, probably somewhere near the open.
It has traded very quickly up to almost its "Fair Value" calculated at approximately $10.44

Therefore, will take profits, and move on.
Investing..............very long term.

TEL OFFSHORE TRUST (NasdaqSC:TELOZ) Delayed quote data

After Hours (RT-ECN): 8.37 0.12 (1.41%)

Last Trade: 8.49
Trade Time: 4:00PM ET
Change: 0.76 (9.83%)
Prev Close: 7.73
Open: 7.80
Bid: 0.01 x 100
Ask: 9,000.00 x 100
1y Target Est: N/A

Day's Range: 7.75 - 8.65
52wk Range: 4.04 - 17.49
Volume: 118,002
Avg Vol (3m): 59,626.2
Market Cap: 40.34M
P/E (ttm): 7.55
EPS (ttm): 1.13
Div Yield (ttm): 1.19 (15.42%)

cheers d998
 
Well done Ducati998, I wonder how many of us would have found such a gem. We are probably piling in now that the charts are pointing upwards.
 
LION,

Those of us that use Fundamentals, of which I know you are one!
cheers d998
 
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