Wed, Apr 16, 2014, 9:11 PM EDT - U.S. Markets closed

Recent

% | $
Quotes you view appear here for quick access.

Hugoton Royalty Trust Message Board

you are viewing a single comment's thread.

view the rest of the posts
  • ch4_tycoon ch4_tycoon Jun 8, 2012 9:51 AM Flag

    Lawsuit

    So, if shareholders end up in a long term legal spat with the Trust and XOM or XTO....what will that do to the detriment of any future earnings/distributions from the Trust?

    Is there clause that says that legal defense would NOT come out of revenues to be distributed to shareholders?

    This thing is a MAJOR can of worms!!!

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • "Is there clause that says that legal defense would NOT come out of revenues to be distributed to shareholders?"

      It would have to come out of future distributions. As a royalty land trust. HGT has no real employees (lawyers). They have some bankers that balance books, pay themselves, and send the rest out as distribution payments. There is no reserve cash fund, sellable assets, that I am aware of that a corporation would have to plan and prepare for a legal battle.

 
HGT
7.83+0.07(+0.90%)Apr 16 4:07 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.
Google Inc.
NasdaqGSWed, Apr 16, 2014 4:00 PM EDT
SandRidge Energy, Inc.
NYSEWed, Apr 16, 2014 4:01 PM EDT