Introduction
Pacific Coast Oil Trust (ROYT) is an oil producer and an owner of California onshore oil properties. The company's realization price mostly follows the Californian oil index Midway Sunset (updated daily here). In recent months, the stock steadied at around $2.20 per share and represents a very good 10.90% distribution per year. In addition, the production volume has steadied for the last 30 months or so after declining rapidly (by 35%) prior to that.
Pacific Coast Oil Trust Valuation and Dividends
Pacific Coast Oil Trust's valuation and performance depend solely on