I-Man
4 years ago
Read Friday's SEC filing and legaleeze talk from lawyers meaning "How can we now syphon wealth off this company"...
This Amendment to Schedule 13D (as amended, this โSchedule 13Dโ) relates to Common Units of Beneficial Interest (โCommon Unitsโ) of SandRidge Permian Trust, a Delaware statutory trust (the โIssuerโ). This Schedule 13D amends the Schedule 13D previously filed with the Securities and Exchange Commission (the โCommissionโ) by Avalon Energy, LLC and Montare Resources I, LLC, by furnishing the information set forth below. Except as otherwise specified in this Schedule 13D, all previous Items of the Schedule 13D previously filed with the Commission are unchanged. Capitalized terms used herein which are not defined herein have the meanings given to them in the Schedule 13D previously filed with the Commission.
Item 3.
Source and Amount of Funds or other Consideration
Item 3 is hereby amended and supplemented as follows:
โThrough various open market purchases between September 8, 2020 and September 10, 2020, Montare expended an aggregate of approximately $495,899 (excluding fees and commissions) to acquire 1,265,688 Common Units. The funds used for the purchase of these Common Units reported in this Schedule 13D were derived from general working capital of Montare.โ
Item 5.
Interest in Securities of the Issuer
Item 5 is hereby amended and supplemented as follows:
โOther than as set forth in Annex A hereto, there have been no transactions in the class of reported securities that were effected by the Reporting Persons during the past sixty (60) days or since the most recent filing of Schedule 13D, whichever is less.โ
I-Man
4 years ago
What kind of dysfunctional crap is this here, this stock is a conglonerate of nothing wells still not even exploited and proving product !!??
I just read the TD fundamentals of this company, and they are in delisting status as it is with exchange, so more I look into the rich lawyer types behind this trust, the sheer amount of wells, yet no proven removal at all??
Just seems like some P&D oil OTC from past I remember, where they bought a bunch of cheap worthless capped old nonproductive wells, tried to get more private $$$ invested to make it a trust so to speak, but to date, nothing is proven???
I thinks Dr. Kukes of PED sees the investment monies behind this, and because PED is already proven player, now back to over 90% capacity extractions of crude (after Covid shutdowns everywhere), they would use such funds to simply increase their next phase of operations...
And because their assets mainly in Permian basins, Chevron (CVX) is already resurging old owned Permian assets as I speak, and such, I could see PED a major acquisition by say Chevron or other major player due to their position...???
whytestocks
4 years ago
News; $PER Montare and Avalon Energy Enter into Agreement Regarding SandRidge Permian Trust
DALLAS , Aug. 27, 2020 /PRNewswire/ -- Montare Resources I, LLC, a Texas limited liability company ("Montare") announced today that it entered into an agreement with Avalon Energy LLC, a Texas limited liability company ("Avalon Energy") and its affiliates regarding Avalon Energy'...
In case you are interested PER - Montare and Avalon Energy Enter into Agreement Regarding SandRidge Permian Trust
chadlupkes
6 years ago
SandRidge Permian Trust Announces Sale of Underlying Properties by SandRidge Energy, Inc.
Monday, November 5, 2018 3:15 pm CST
Dateline:
HOUSTON
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Public Company Information:
NYSE:PER
HOUSTON--(BUSINESS WIRE)--SANDRIDGE PERMIAN TRUST (NYSE: PER) today announced that on November 1, 2018, SandRidge Energy, Inc. (โSandRidgeโ) sold all of its interests in the oil and natural gas properties underlying the Trust and all of its outstanding Trust units to Avalon Energy, LLC (โAvalonโ), a Texas limited liability company. In connection with the transaction, Avalon assumed all of SandRidge's obligations under the Amended and Restated Trust Agreement and the Administrative Services Agreement between SandRidge and the Trust.
The Trust expects to continue in the normal course without disruption to the unitholders, and the resulting sale is not expected to have an impact on the operations and future distributions of the Trust.
deanna-hopkins
6 years ago
Look who is in office, look at the price of Gold and Silver, look at LFT-Antifa-City-On-The-Edge-Of-Forever political environment. Look at Tesla....all of these indicators mean OIL is here to stay, kind of like breathing air; until we evolve to have gills and swim again, humans are going to have to breath through our mouth or nose. This world is OIL dependent and the Obama-Clinton-Carter-Penut-Butter-Bread-Buns & Bannana Plantation workers eventually will want to eat real meat. That means hunting deer on Mars and fishing on the moons like Europa. That means burning oil.Sorry folks, Tesla is a failure of economics, not electronics.