Sabine Royalty Trust (NYSE:SBR)
CAPS Rating:
The Trust is in the production of oil and gas properties.
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The Trust is in the production of oil and gas properties.
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Higher PE than most other oil production companies, coupled with no growth in 2007.
But I believe the price have been shot up because of the price of oil. Whether any growth isn't relevant as long as oil prices stay north of $100 and dollar remains weak against other currencies.
True, I don't doubt that profits will increase in 2008 as a result of oil prices. But lack of growth in 2007 signals to me that they aren't well positioned compared to the rest of the industry.