Marine Petroleum Trust (MARPS) Units of Beneficial Interest NPV
Marine Petroleum Trust (the Trust) is a royalty trust. The Trust is engaged in the administration and liquidation of rights to payments from certain oil and natural gas leases in the Gulf of Mexico, pursuant to license agreements and amendments between the Trust's predecessors and Gulf Oil Corporation (Gulf). The indenture under, which the Trust was created (the Indenture), provides that the corporate trustee is to distribute all cash in the Trust, less an amount reserved for the payment of accrued liabilities and estimated future expenses, to unitholders of record on the last business day of February, May, August and November each year. The Trust's wholly owned subsidiary, Marine Petroleum Corporation (MPC) holds title to interests in properties that are situated offshore of Louisiana. MPC is engaged in the administration and collection of royalties. MPC's rights are generally referred to as overriding royalty interests in the oil and natural gas industry.
The London Stock Exchange does not disclose whether a trade is a buy or a sell so this data is estimated based on the trade price received and the LSE-quoted mid-price at the point the trade is placed. It should only be considered an indication and not a recommendation.
Trades priced above the mid-price at the time the trade is placed are labelled as a buy; those priced below the mid-price are sells; and those priced close to the mid-price or declared late are labelled 'N/A'.