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Stock Market & Financial Investment News

News Breaks
July 24, 2014
05:30 EDTROYTPacific Coast Oil downgraded to Market Perform from Outperform at Wells Fargo
Wells Fargo downgraded Pacific Coast Oil to Market Perform saying regulatory uncertainty will persist into the November elections in Santa Barbara County. The firm lowered its price target range for shares to $9-$11 from $17-$19.
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July 24, 2015
08:17 EDTROYTPacific Coast Oil Trust declares cash distribution of 3.84c per unit vs. 4.29c
Pacific Coast Oil Trust announced a cash distribution to the holders of its units of beneficial interest of 3.84c per unit, payable on August 14, 2015, to unitholders of record on August 5, 2015. The Trustís distribution relates to net profits and overriding royalties generated during June 2015 as provided in the conveyance of net profits and overriding royalty interest. This monthís distribution of $1.5M is lower than the previous month, or 3.84c vs. 4.29c, principally due to lower production with one less day of production in June than May and higher capital expenditures from the Developed Properties, partially offset by lower lease operating expenses. Average realized prices for the Developed and Remaining Properties were $52.78 per Boe, as compared to $52.83 per Boe in May.

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