WHX - Whiting USA Trust I (NYSE Stock)

[BadThad]

WOW! I can't believe this is still dropping!

Current stock price: $10.06 (29.0% Yield)

[BadThad]

Light volume sell off today.....hard to believe people are willing to take some huge losses based on the fear created by an article.

Current stock price: $9.31 (31.4% indicated yield)

[BadThad]

WOW! Just added at $8.94!

Current stock price: $8.95 (32.6% yield)

[BadThad]

Stock coming back....finally now that risk is on.

Current stock price: $10.18 (28.4% yield)

[BadThad]

A nice day for WHX yesterday, over 100k more shares traded than WHZ!

Closing stock price: $10.42 (+7%)

[BadThad]

Whiting USA Trust I Announces Trust Quarterly Distribution
11:49a ET August 8, 2012 (Business Wire) Whiting USA Trust I (NYSE: WHX) announced the third Trust distribution in 2012, which relates to net profits generated during the second quarterly payment period of 2012.

Unitholders of record on August 19, 2012 (which results in an actual effective record date of August 17, 2012 due to the 19th of August falling on a non-trading day) will receive a distribution amounting to $9,550,187 or $0.688853 per unit, which is payable on or before August 29, 2012.

Volumes, average sales prices and net profits for the quarterly payment period were:

Sales volumes:
Oil (Bbls) 200,283
Natural gas (Mcf) 746,709
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Total (BOE) 324,735
Average sales prices:
Oil (per Bbl) $ 79.47
Natural gas (per Mcf) $ 2.68
Gross proceeds:
Oil sales $ 15,917,351
Natural gas sales 2,000,844
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Total gross proceeds $ 17,918,195
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Costs:
Lease operating expenses $ 7,346,695
Production taxes 1,130,347
Realized gains on hedging settlements (1,497,169 )
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Total costs $ 6,979,873
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Net profits $ 10,938,322
Percentage allocable to Trust's Net Profits Interest 90 %
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Total cash available for the Trust $ 9,844,490
Provision for estimated Trust expenses (245,000 )
Montana state income taxes withheld (49,303 )
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Net cash proceeds available for distribution $ 9,550,187
Trust units outstanding 13,863,889
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Cash distribution per Trust unit $ 0.688853
= ==========



The net profits interest represents the right to receive 90% of the net proceeds from Whiting Petroleum Corporation's interests in certain existing oil and natural gas producing properties located primarily in the Rocky Mountains, Mid-Continent, Permian Basin and Gulf Coast regions of the United States. The net profits interest will terminate when 9.11 MMBOE have been produced and sold from the underlying properties (which amount is equivalent to 8.20 MMBOE attributable to the net profits interest), and the Trust will soon thereafter wind up its affairs and terminate, after which it will pay no further distributions.

As of June 30, 2012, on a cumulative accrual basis, 5.57 MMBOE (68%) of the Trust's total 8.20 MMBOE have been produced and sold. Based on the Trust's reserve report for the underlying properties as of December 31, 2011, the 9.11 MMBOE of reserves (8.20 MMBOE to the 90% net profits interest) are projected to be produced from the underlying properties by August 31, 2015, which reflects expected year over year decline rates ranging from approximately 8% to 9% between 2012 and 2015. However, the rate of future production cannot be predicted with certainty, and 9.11 MMBOE (8.20 MMBOE to the 90% net profits interest) may be produced before or after the currently projected date. In addition, cash distributions to unitholders may decline at a faster rate than the rate of production due to fixed and semi-variable costs attributable to the underlying properties.

WHX up today while WHZ is DOWN.

I'm going to rake in HUGE dividend returns with WHX.

Current stock price: $10.25

[BadThad]

Just for fun, assuming this payout stays the same for the next 4 quarters (which is conservative, this one is on the low side).

($2.76/$9.05) x 100 = 30.5% return

all the way to the bank!

[BadThad]

DOW down today and so is WHZ, but WHX is up pretty big at +3%. Investors are coming back for the huge yield.

Current stock price: $10.90

[BadThad]

Touched $11.05 today!

[BadThad]

DOW down, WHZ down....WHX UP!

Current stock price: $11.00 (26.2% yield)