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Pacific Coast Oil Trust (ROYTL) is a royalty trust company that holds interests in oil-producing properties in California. The company's primary focus is to collect and distribute royalties from oil production. With a portfolio of oil-producing assets, Pacific Coast Oil Trust generates income through these royalties and distributes them to shareholders. The trust's financial performance is directly tied to the production and sale of oil from its properties, making it a unique investment opportunity in the energy sector.
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Pacific Coast Oil Trust (ROYTL) announced no cash distribution due to net profits deficit, potential dissolution, and significant ARO deductions. Financial struggles, low sales volumes, and high ARO impact future distributions.
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Pacific Coast Oil Trust (ROYTL) announces no cash distribution for unit holders due to financial constraints and debt. The Trust faces dissolution as net profits remain insufficient. PCEC's estimated asset retirement obligations impact future distributions.
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Pacific Coast Oil Trust (ROYTL) announces no cash distribution to unitholders for January 2024 due to net profits deficits and operational expenses. The Trust's debt to PCEC is approximately $5.5 million, and the likelihood of future distributions is extremely remote.
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Pacific Coast Oil Trust (OTC–ROYTL) will not be distributing cash to holders of its units of beneficial interest due to net profits deficit, administrative expenses, and outstanding debt to PCEC. The Trust is likely to be dissolved and wound-up due to low cash proceeds, with no distributions to unitholders in the foreseeable future.
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Pacific Coast Oil Trust (OTC-ROYTL) announced no cash distribution due to net profits deficit, declining oil prices, and substantial debt to PCEC. The Trust is likely to be dissolved and wound-up due to lack of cash proceeds from net profits interests and royalty interest.
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Pacific Coast Oil Trust announces no cash distribution to unitholders due to insufficient funds. Trust's administrative expenses and debt may not be covered by monthly payments from Pacific Coast Energy Company. Trust to be dissolved and wound-up due to low cash proceeds. Average realized price for oil decreased in August 2023 compared to previous year.
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PACIFIC COAST OIL TRUST announces no cash distribution to unitholders due to insufficient income; likelihood of future distributions is remote. Operating income for Developed Properties is $1.043 million, average realized price is $71.47 per Boe. Net profits deficit for Developed Properties is $4.7 million. Trust has drawn down $1 million letter of credit, PCEC will loan funds to cover shortfall of $186,000. No further distributions until outstanding borrowings are paid. ARO deductions likely to eliminate future distributions. Trust expected to terminate at end of 2021.
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PACIFIC COAST OIL TRUST (OTC–ROYTL) announced no cash distribution to unit holders due to insufficient income, termination expected in 2021. Trust has outstanding debt of $4.5 million plus interest to PCEC. Oil prices declined, operating income for Developed Properties was $740,000. No distributions until debt is paid in full.
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FAQ
What is the current stock price of Pacific Coast (ROYTL)?
The current stock price of Pacific Coast (ROYTL) is $0.27 as of February 28, 2025.
What is the market cap of Pacific Coast (ROYTL)?
The market cap of Pacific Coast (ROYTL) is approximately 10.4M.
What is Pacific Coast Oil Trust?
Pacific Coast Oil Trust (ROYTL) is a royalty trust company that holds interests in oil-producing properties in California.
How does Pacific Coast Oil Trust generate income?
Pacific Coast Oil Trust generates income by collecting and distributing royalties from oil production in its properties.
What is the primary focus of Pacific Coast Oil Trust?
The primary focus of Pacific Coast Oil Trust is to collect and distribute royalties from oil production.
What makes Pacific Coast Oil Trust a unique investment opportunity?
Pacific Coast Oil Trust offers investors the opportunity to benefit from royalties generated by oil production in California.
How is Pacific Coast Oil Trust's financial performance tied to oil production?
Pacific Coast Oil Trust's financial performance is directly linked to the production and sale of oil from its properties.
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