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Permian Basin Royalty Trust Announces December Cash Distribution
Posted by: gurufocus (IP Logged)
Date: December 19, 2008 06:02PM
Press Release: Permian Basin Royalty Trust Announces December Cash Distribution PERMIAN BASIN ROYALTY TRUSTs principal assets are comprised of a 75% net overriding royalty interest carved out of Southland Royalty Company's fee mineral interests in the Waddell Ranch properties in Crane County Tex. and a 95% net overriding royalty interest carved out of Southland Royalty Company's major producing royalty properties in Texas. Permian Basin Royalty Trust has a market cap of $681.42 million; its shares were traded at around $14.25 with and P/S ratio of 9.97. The dividend yield of Permian Basin Royalty Trust stocks is 12.48%. Permian Basin Royalty Trust had an annual average earning growth of 16.5% over the past 10 years. GuruFocus rated Permian Basin Royalty Trust the business predictability rank of 3.5-star.
This month's distribution decreased due primarily to a decrease in theprice of both oil and gas and a decline in production of oil, but offset by anincrease of gas production compared to the previous month. This wouldprimarily reflect production for the month of October.
The worldwide market conditions continue to affect the pricing fordomestic production. It is difficult to predict what effect these conditionswill have on future distributions.
Net to Trust Sales Volumes Average Price Oil Gas Oil Gas (bbls) (mcf) (per bbl) (per mcf) Current Month 51,620 223,561 $74.66 $6.50 Prior Month 54,919 189,187 $101.20 $9.44
Stocks Discussed: PBT,