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Stock Market & Financial Investment News

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August 25, 2014
16:49 EDTROYTPacific Coast Oil lowers monthly dividend by 14% to 11.42c per unit
Pacific Coast Oil announced a cash distribution to the holders of its units of beneficial interest of 11.42c per unit, payable on September 15, to unitholders of record on September 4. The Trustís distribution relates to net profits and overriding royalties generated during July as provided in the conveyance of net profits and overriding royalty interest. This monthís distribution of $4.4M is 14% lower than the previous month, 11.42c per unit vs. 13.23c per unit, principally due to lower average realized oil prices and higher lease operating expenses, which were partially offset by lower capital expenditures from the Developed Properties.
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September 9, 2014
10:10 EDTROYTOn the Fly: Analyst Downgrade Summary
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06:16 EDTROYTPacific Coast Oil downgraded to Hold from Buy at Stifel
Stifel downgraded Pacific Coast Oil to Hold due to valuation.

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