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Experience:  Tax professional and business consultant for 35 years.
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Is Mitchel oil pension checks legit?

Customer Question

is Mitchel Clark oil pension checks legit?
Submitted: 2 years ago.
Category: Finance
Expert:  PDtax replied 2 years ago.

Hi from just answer. I'm PDtax, and can shed some light on what this is.

Expert:  PDtax replied 2 years ago.

The oil pension term is another way to describe mate limited partnership (MLP) units. The payout and depletion offset combine fir a once attractive payment steam. With current oil prices, these will not pay out much now, but might when oil prices rebound.

Expert:  PDtax replied 2 years ago.

Thanks for asking at just answer. Positive feedback is appreciated. I'm PDtax.