Professional
Added to YB: 2024-10-25
Pitch date: 2024-10-23
ROYTL [bullish]
Pacific Coast Oil Trust
-27.27%
current return
Author Info
Cedar Creek Partners provides deep-dive research on undervalued companies. Follow on Twitter/X.
Company Info
Pacific Coast Oil Trust acquires and holds net profits and royalty interests in various oil and natural gas properties located in California.
Market Cap
$10.2M
Pitch Price
$0.22
Price Target
N/A
Dividend
N/A
EV/EBITDA
N/A
P/E
0.81
EV/Sales
N/A
Sector
Oil, Gas and Consumable Fuels
Category
special_situation
Cedar Creek Partners Portfolio Holding: Pacific Coast Oil Trust
ROYTL: Complex legal issues around ARO assessment & Conveyance Agreement interpretation. Potential for lawsuits against operator PCEC & trustee BNYM. Mispriced due to complexity. Multiple scenarios, all likely exceeding $0.23/unit. Added at $0.30. Awaiting audit completion & possible auction.
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