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Marine Petroleum Trust (MARPS) Units of Beneficial Interest NPV

Sell:$5.18 Buy:$5.37 Change: $0.22 (4.07%)
Market closed |  Prices as at close on 22 October 2021 | Switch to live prices |
Sell:$5.18
Buy:$5.37
Change: $0.22 (4.07%)
Deal now Deal for just £11.95 per trade in a SIPP or Fund and Share Account
Market closed |  Prices as at close on 22 October 2021 | Switch to live prices |
Sell:$5.18
Buy:$5.37
Change: $0.22 (4.07%)
Market closed |  Prices as at close on 22 October 2021 | Switch to live prices |
Deal now Deal for just £11.95 per trade in a SIPP or Fund and Share Account
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.

Business summary

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.

Contact details

Address:
2911 Turtle Creek Blvd Ste 850
DALLAS
75219-6291
United States
Telephone:
+1 (800) 9850794
Website:
www.marps-marine.com/

Important dates

Future events
There are no future events available.
Past events
There are no past events available.

General stock information

Short code:
MARPS
ISIN:
US5684231070
Market cap:
$10.66 million
Shares in issue:
2.00 million
Sector:
Oil & Gas Exploration & Production
Exchange:
NASDAQ
Country:
United States
Currency:
US dollar
Indices:
n/a

Key personnel


Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Business summary, contact details and key personnel provided by Thomson Reuters. Important dates provided by Digital Look Ltd. General stock information provided by Reuters.
Deal now Deal for just £11.95 per trade in a SIPP or Fund and Share Account

Share

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'.