Professional
Added to YB: 2024-05-09
Pitch date: 2024-05-05
ROYTL [bullish]
Pacific Coast Oil Trust
-46.67%
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
$0.30
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
value
Cedar Creek Partners Portfolio Holding: Pacific Coast Oil Trust
ROYTL: Unit price $0.36, down from $0.415. Audits for 2019-2023 delayed; no progress despite court approval. Higher oil prices aid ARO repayment & potential sale bids. $35.1M withheld for ARO ($1.06/unit with interest), exceeding unit price. $7.7M TTM cash flow (excl trust expenses); market cap <2 yrs cash flow. Risks: ARO transfer disputed in sale.
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