Permian Basin Royalty Trust Upgraded After It Plunged 56% Over The Last Year (PBT)
krblokhin/iStock Editorial via Getty Images The recent confusion over the 2024 CAPEX plans by Blackbeard Operating seems to have more of an impact on Permian Basin Royalty Trust (NYSE:PBT) units than the swings in either oil or natural gas prices. After soaring over the last few years because of increased CAPEX, underlying oil production seems…