Cross Timbers Royalty Trust (NYSE:CRT)
CAPS Rating:
An express trust whose principal activity is to hold net profit interests in natural gas producing working interest properties owned by XTO Energy Inc.
An express trust whose principal activity is to hold net profit interests in natural gas producing working interest properties owned by XTO Energy Inc.
Recs
Finite-resourced trust, created in the early 1990s. Lower recent distributions. Fool.com uses this stock to contrast those canroys which are structured to allow the trust to take / explore new resources: http://www.fool.com/investing/dividends-income/2006/02/06/is-the-party-over-for-canadian-trusts.aspx