Mesa Royalty Trust (NYSE:MTR)
The Trust is a passive entity with limited purposes of converting the Royalties to cash, either by retaining them & collecting the proceeds of production, distributing such cash, net of amounts for payments of liabilities to the Trust, to the unitholders.
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when gas and oil start to surge again you will be glad that you got on board before the jump as the dividend should go through the roof when that happens....and the share price will respond in kind..lock in that low cost basis now...
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Domestic energy.
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good dividends. growth follows oil and oil is king, at least for a while
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Until its supply of the heroin of fossil fuels runs out, this dispenser of "drug money" will outperform in a market overcome by our current economic maladies.
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So... one billion percent dividend... hardly sustainable, or is it?
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Member of the "Mini-Cap Monsters."
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us oil company that is making lots of cash year after year
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MTR's dividend distributions will be hit in October and November by 50-70% due to their litigation settlement on behalf of Pioneer USA. There will be no income from the Hugoton Properties starting Sept 30 until 900K is paid (approx 3 months).
Get out now, and buy back in December when the dividends come back up.
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collecting royalties on usofa oil and gas fields. sit back and take the dividends. dorothy's not in kansas and cheney's not in wyoming; but oil and gas are.
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Because MTR invests in oil and nat. gas producing properties, it has been depressed by the large drop in prices of those commodities. Prices which will certainly trend upward over the next year.
Down 12% from 6 months ago, giving it a dividend yield of 15%. Combined with the potential capital appreciation, it is a sure winner.
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