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PACIFIC COAST OIL TR UTS - ROYTL STOCK NEWS

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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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The Pacific Coast Oil Trust (OTC: ROYTL) announced no cash distribution for unit holders based on insufficient net profits for March 2022. The Trust has been experiencing a lack of income from net profits interests for two consecutive years, prompting expectations for termination by the end of 2021. However, a court's temporary restraining order has delayed this process. The current cumulative net profits deficit for developed properties is approximately $17.9 million. While oil prices remain elevated, the likelihood of future distributions is extremely low, with total revenue and operational expenses leading to a $10,000 shortfall.

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Pacific Coast Oil Trust (OTC-ROYTL) announced there will be no cash distributions for units of beneficial interest as of April 29, 2022, due to insufficient net profits from its operations in February 2022. The Trust continues to face a cumulative net profits deficit of approximately $19.8 million. A court has temporarily restrained the Trust's dissolution while arbitration regarding the issue is pending. PCEC has drawn down a $1 million letter of credit, increasing its borrowings to $3.3 million from PCEC for administrative expenses, further indicating a low likelihood of future distributions.

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The Pacific Coast Oil Trust (OTC: ROYTL) announced no cash distribution for unitholders as of March 28, 2022, due to insufficient net profits in January 2022. A court has temporarily restrained the Trust's dissolution until arbitration can rule on claims against Pacific Coast Energy Company (PCEC). Operating income from Developed Properties was $1.4 million, with revenues around $3.4 million, yet expenses exceeded revenues, leading to a $17,000 shortfall. The likelihood of future distributions is deemed extremely remote due to a cumulative net profits deficit of approximately $19.9 million.

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The Pacific Coast Oil Trust (OTC-ROYTL) announced no cash distribution for unit holders as of February 28, 2022, due to insufficient net profits from its operations in December 2021. The Trust is currently under a temporary restraining order to prevent dissolution while legal proceedings with Evergreen Capital Management are pending. The operating income for the Developed Properties was approximately $602,000, with cumulative net profits deficits remaining high at $21 million. Future distributions appear extremely unlikely due to ongoing financial challenges and potential asset retirement obligations.

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PACIFIC COAST OIL TRUST (OTC-ROYTL) announced no cash distribution for unit holders due to insufficient net profits from its interests in Developed and Remaining Properties. Operating income was approximately $1.2 million, with revenues of $3.3 million and lease expenses of $2.0 million. Cumulative net profits deficit for Developed Properties decreased to $21.1 million. A court has temporarily prevented the Trust's dissolution, but future distributions are considered highly unlikely. A $1 million letter of credit has been drawn fully, and further loans from PCEC may lead to a total of approximately $3.1 million in borrowings.

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The Pacific Coast Oil Trust (ROYTL) has announced no cash distribution for unitholders as of December 27, 2021, due to insufficient net profits from its operations in October 2021. The Trust's operating income was approximately $1.6 million with total revenues of about $3.4 million. However, lease operating expenses reached $1.8 million, leading to a cumulative net profits deficit of about $22 million. The Trust's ability to provide distributions in the future is highly unlikely, with potential termination looming if annual proceeds fall below $2 million.

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PACIFIC COAST OIL TRUST (OTC Pink: ROYTL) announced no cash distribution for unitholders of record on November 19, 2021, due to insufficient profits from net interests. With operating income at $1.5 million and revenues of $2.9 million, the Trust reported a cumulative deficit of $23.3 million from Developed Properties. The likelihood of future distributions is extremely remote, with the Trust expected to cease operations by year-end 2021 if profits remain low. PCEC has provided a $1 million letter of credit to support expenses, but has drawn it down entirely.

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PACIFIC COAST OIL TRUST (OTC Pink: ROYTL) announced no cash distribution to unitholders for October 22, 2021, due to insufficient net profits from its interests. The Trust's operating income was approximately $838,000, with revenues at $2.7 million and expenses of $1.7 million. Cumulative net profits deficit for Developed Properties slightly declined to $24.1 million. The Trust faces potential termination by year-end 2021 if income does not improve. A $1 million letter of credit is fully drawn, leading to PCEC loans covering an ongoing shortfall of $91,000. The outlook for future distributions remains extremely remote.

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PACIFIC COAST OIL TRUST (OTC Pink–ROYTL) announced no cash distribution for unitholders of record on September 24, 2021, due to insufficient net profits for July 2021. The trust may terminate by year-end if income remains inadequate. The cumulative net profits deficit slightly declined to approximately $24.8 million. Revenue from developed properties reached about $3.0 million while lease operating expenses were approximately $1.8 million. PCEC has provided a $1 million letter of credit and will loan funds to cover a shortfall, increasing outstanding borrowings to about $2.73 million.

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PACIFIC COAST OIL TRUST (OTC Pink–ROYTL) has announced no cash distribution to unitholders for August 30, 2021, due to insufficient net profits from June 2021. The Trust may terminate by year-end if income remains inadequate. Operating income was approximately $1.1 million, with revenues of $2.8 million and lease expenses at $1.7 million. The cumulative net profits deficit decreased slightly to $25.5 million. An existing $1 million letter of credit is fully drawn, necessitating loans from PCEC to cover shortfalls, preventing future distributions until debts are cleared.

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FAQ

What is the current stock price of PACIFIC COAST OIL TR UTS (ROYTL)?

The current stock price of PACIFIC COAST OIL TR UTS (ROYTL) is $0.26 as of November 22, 2024.

What is the market cap of PACIFIC COAST OIL TR UTS (ROYTL)?

The market cap of PACIFIC COAST OIL TR UTS (ROYTL) is approximately 10.6M.

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.

PACIFIC COAST OIL TR UTS

OTC:ROYTL

ROYTL Rankings

ROYTL Stock Data

10.61M
34.24M
0.58%
22.11%
2.01%
Oil & Gas E&P
Energy
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United States of America
Houston