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What IS this animal?

edited August 2022 in Other Investing
BPT. BP Prudhoe Bay Royalty Trust. Connected to production at Prudhoe Bay. WTF is it? How does it work? HQ in Houston. Looks goofy. Net Margin = 94+. Ya.....
https://www.morningstar.com/stocks/xnys/bpt/quote

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