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San Juan Basin Royalty Trust (the "Trust") (NYSE:SJT) announced today that the resignation of PNC Bank ("PNC") as Trustee of the Trust and appointment of Argent Trust Company, a Tennessee chartered trust company ("Argent") as successor Trustee is effective as of February 15, 2024. At a Special Meeting of the Trust's Unit Holders held on January 16, 2024, the Unit Holders of the Trust voted to approve two separate proposals amending the Indenture, the governing document of the Trust, and the appointment of Argent as successor Trustee to PNC. PNC assumed the administration of the Trust in 2021 through the acquisition of BBVA USA Bancshares, Inc. PNC's decision to resign is based on its dete
San Juan Basin Royalty Trust (NYSE:SJT) (the "Trust") today announced that, at the Special Meeting of the Trust's Unit Holders held on January 16, 2024, the Unit Holders of the Trust voted to approve the appointment of Argent Trust Company, a Tennessee chartered trust company ("Argent") as successor Trustee to PNC Bank, National Association, the current trustee of the Trust. Unit Holders also approved two separate proposals amending the Indenture, the governing document of the Trust. The proposals approved and adopted by the Unit Holders included amendments (i) permitting a successor trustee to be a bank or trust company having a capital, surplus and undivided profits (as of the end of its
San Juan Basin Royalty Trust (NYSE:SJT) (the "Trust") today announced that the Special Meeting of the Trust's Unit Holders held on December 1, 2023, for the purpose of obtaining Unit Holder approval of the appointment of Argent Trust Company, a Tennessee chartered trust company ("Argent"), as successor trustee to PNC Bank, National Association, the trustee of the Trust (the "Trustee"), together with two additional proposed amendments to the San Juan Basin Royalty Trust Indenture, was adjourned due to the lack of the requisite quorum. The Special Meeting has been adjourned until January 16, 2024 at 10:00 a.m. Central Time, to be held in person at 2200 Post Oak Blvd., Floor 19, Houston, Texas
8-K - SAN JUAN BASIN ROYALTY TRUST (0000319655) (Filer)
8-K - SAN JUAN BASIN ROYALTY TRUST (0000319655) (Filer)
8-K - SAN JUAN BASIN ROYALTY TRUST (0000319655) (Filer)
DALLAS, Oct. 21, 2024 /PRNewswire/ -- Argent Trust Company, as the trustee (the "Trustee") of the San Juan Basin Royalty Trust (the "Trust") (NYSE: SJT), today reported that it will not declare a monthly cash distribution to the holders of its Units of beneficial interest (the "Unit Holders") due to excess production costs for the Trust's subject interests ("Subject Interests") during the production month of August 2024, as well as continued low natural gas pricing. Excess production costs occur when production costs and capital expenditures exceed the gross proceeds for a certain period. Excess production costs for this reporting period are due primarily to significant lease operating expen
DALLAS, Sept. 20, 2024 /PRNewswire/ -- Argent Trust Company, as the trustee (the "Trustee") of the San Juan Basin Royalty Trust (the "Trust") (NYSE:SJT), today reported that it will not declare a monthly cash distribution to the holders of its Units of beneficial interest (the "Unit Holders") due to excess production costs for the Trust's subject interests ("Subject Interests") during the production month of July 2024, as well as continued low natural gas pricing. Excess production costs occur when production costs and capital expenditures exceed the gross proceeds for a certain period. Excess production costs for this reporting period are due primarily to significant lease operating expense
DALLAS, Aug. 20, 2024 /PRNewswire/ -- Argent Trust Company, as the trustee (the "Trustee") of the San Juan Basin Royalty Trust (the "Trust") (NYSE:SJT), today reported that it will not declare a monthly cash distribution to the holders of its Units of beneficial interest (the "Unit Holders") due to excess production costs for the Trust's subject interests ("Subject Interests") during the production month of June 2024, as well as low natural gas pricing. Excess production costs occur when production costs and capital expenditures exceed the gross proceeds for a certain period. Excess production costs for this reporting period are due primarily to significant lease operating expenses and capit
SC 13G/A - SAN JUAN BASIN ROYALTY TRUST (0000319655) (Subject)
SC 13G - SAN JUAN BASIN ROYALTY TRUST (0000319655) (Subject)
SC 13G/A - SAN JUAN BASIN ROYALTY TRUST (0000319655) (Subject)
Gainers Tellurian (AMEX:TELL) stock moved upwards by 4.6% to $0.68 during Wednesday's after-market session. The market value of their outstanding shares is at $568.6 million. KNOT Offshore Partners (NYSE:KNOP) stock increased by 2.73% to $7.51. The company's market cap stands at $262.3 million. San Juan Basin Royalty (NYSE:SJT) shares rose 2.27% to $4.04. The market value of their outstanding shares is at $188.2 million. Enservco (AMEX:ENSV) shares increased by 2.0% to $0.25. The market value of their outstanding shares is at $6.8 million. Enviva (NYSE:EVA) shares moved upwards by 1.45% to $0.6. The company's market cap stands at $44.6 million. Uranium Energy (AMEX:UEC) stock moved upw
San Juan Basin Royalty (NYSE:SJT) reported quarterly earnings of $0.08 per share. This is a 87.1 percent decrease over earnings of $0.62 per share from the same period last year. The company reported $4.01 million in sales this quarter. This is a 86.21 percent decrease over sales of $29.09 million the same period last year.
The most oversold stocks in the energy sector presents an opportunity to buy into undervalued companies. The RSI is a momentum indicator, which compares a stock's strength on days when prices go up to its strength on days when prices go down. When compared to a stock's price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the RSI is below 30, according to Benzinga Pro. Here’s the latest list of major oversold players in this sector, having an RSI near or below 30. San Juan Basin Royalty Trust (NYSE:SJT) On Sept. 7, San Juan Basin Royalty Trust reached a settlement agreement with Hilcorp for $1.04