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Permianville Royalty Trust (PVL)

NYSE - NYSE Delayed Price. Currency in USD
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3.4000+0.1300 (+3.98%)
At close: 04:00PM EDT
3.4400 +0.04 (+1.18%)
After hours: 07:21PM EDT
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  • S
    Scott
    We will learn quite a bit this Friday after the Bell
  • S
    Steven
    I talked to an old friend who I recently learned is an oil engineer for a large services company. He basically said that small operations like PVL do not get near the priority in terms of equipment an manpower that a big outfit would. In short, the way things are right now, it's not out of line for us to have announced drilling projects late last year or early this year and have them still uncompleted in late summer. If we were Exxon, the project would have been completed sooner. Obviously he doesn't know the details of what PVL is doing, and there are a million little factors that go into every drilling project.
  • J
    JC
    I am hearing PVL investors will be quite happy with the forthcoming dividend. Should run strong very soon!
    Bullish
  • J
    John
    Great chart action. I think next month we finally start to see production increase. 20c dividend in November will get this headed to double digits. This is a gift!
  • S
    Steven
    Any chart guys here? Are we watching the formation of a double bottom here?
  • S
    Steven
    I bought more January $2.50 calls today at an average of about $1.11. 26 cents premium. This isn't the area I was hoping to be at this point but I'm responding to what the market offers and making money on the swings. If we go down further I will load up more. Dividend payout is next Friday and the next announcement will be the following week. Hopefully we see a significant increase with the next divvy.
  • S
    Steven
    Down 11% (counting after-hrs) after dreadful distribution announcement. This is after oil has been up over 5% over the last 2 days. Apparently Mr. Market is having none of their "7 new wells" scam.
  • J
    John
    7 new projects! Wow I guess the good news is production is about to go up significantly. Capital expenditures increased $2.5 million from the prior period to $3.5 million primarily due to the drilling of seven non-operated drilling projects in the Permian area by a private operator and a large public operator.
  • S
    Steven
    On a positive note, we were concerned that oil production was dwindling, but it went up this month by 77 bpd, which suggests that some of the drilling has resulted in more oil production.
  • S
    Steven
    Only $0.0215, with $105 oil? You cannot be serious.
  • S
    Steven
    POLL: How many people here will reinvest Friday's distribution into more PVL at these prices?
  • S
    Steven
    Anyone have an idea when the ER will be released? ie half hour after the bell, etc? Also, will it be released just on their website or also on Yahoo?
  • S
    Steven
    l can't see PVL going much lower than this (although l said that a buck ago). I bought some January $2.50 calls in the 65 - 70 cents range. This isn't the way I wanted to play this but here we go.
  • J
    John
    The US shipped a record amount of crude over 4.5m barrels last week. Amazing when we are having supply issues. Great job releasing the SPR asp we can ship overseas!!!
  • S
    Scott
    Coert announcing the sale of 8.6 million shares is the reason for most of the decline I think.
  • J
    John
    When is distribution announcement?
  • J
    Janie
    Given the data and the average prices of crude and natural gas for the next announcment (remembering that the reporting and dvidends lag 3 months for oil and 4 months for gas,) we will see the first 5 cent plus per share dividend on July 15th or the 18th. The annnual return will be at or over $.60/year, per unit. At 15% return, the share/unit price would be $5.75, the stock's recent "high."
  • S
    Steven
    This Friday the dividend will come out and you better believe I will be reinvesting it at these levels. I'll take a 1.4% monthly dividend all day long...it might even be higher by Friday the way things are going. Cha. Ching.
  • T
    Tracy
    Smashing my head that I did not dive in and pick up more shares at sub $3.00. WTI pricing is reacting to every little spec of news from the release of strategic reserves to Saudi Arabia and OPEC are going to ramp up production. Just three months ago after the onset of the Ukraine invasion Feb Saudis said they could not ramp up enough to meet world demand and WTI blew up to $130 a barrel. OPEC has failed to meet agreed upon production quotas. It seems the only play book left is world leaders threatening production increases to cause just enough uncertainty to cool speculation in the oil markets driving spot prices down. Every WTI indicator and forecaster has the price at a minimum of $90.00 per barrel even if another global recession should occur. I feel more bullish than ever to continue buying the dips solely on a dividend play. At a monthly dividend of 5 cents @ $3.24 a share that is a monthly 1.5% rate of return. Just a no brainer that the markets over corrected on such flimsy pretenses.

    https://capital.com/oil-price-forecast
    Sanctions on Russian oil and recession risks complicate the oil price forecast…
    Sanctions on Russian oil and recession risks complicate the oil price forecast…
    capital.com
  • J
    Janie
    Yikes! Terrible
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