The YouTuber notes that PBT has benefited significantly from high oil prices, leading to a strong total return. However, its dividend is extremely volatile and inconsistent, typical of royalty trusts. While it has performed well, its older assets suggest declining cash flows in the future, making it suitable for investors who prioritize total return over dividend consistency.
“PBT is going to see its cash flows declining because of that age of these of these trust assets and the cash flow is going to be declining over a period”