MARPS
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Marine Petroleum Trust
4.585
+0.060 (+1.33%)
Last Update: 01 Jul 2025 23:00:00
Yesterday: 4.525
Day's Range: 4.45 - 4.7
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When Written:
7.86
Marine Petroleum Trust is a publicly traded trust that was created in 1956 to hold royalty interests in certain oil and natural gas leases located in the Gulf of Mexico. The trust receives royalties from the production of oil and gas from these leases, and distributes the income to its unit holders on a quarterly basis.
The trust is managed by Bank of America, N.A. as trustee, and its units are traded on the New York Stock Exchange under the ticker symbol "MARPS." As of December 31, 2020, the trust had an estimated 3.3 million barrels of oil equivalent (BOE) of proved reserves.
The trust's income and distributions are dependent on the production and prices of oil and gas from the underlying leases, as well as the trust's expenses and liabilities. As such, the trust's income and distributions can be volatile and subject to fluctuations based on market conditions.
Investors should carefully consider the risks and uncertainties associated with investing in the trust, including its dependence on the oil and gas industry, potential changes in regulations and tax laws, and other factors that could impact the trust's financial performance.
Note: This message is generated by artificial intelligence; it does not guarantee the accuracy of the information it contains and should not be considered as investment advice.
The trust is managed by Bank of America, N.A. as trustee, and its units are traded on the New York Stock Exchange under the ticker symbol "MARPS." As of December 31, 2020, the trust had an estimated 3.3 million barrels of oil equivalent (BOE) of proved reserves.
The trust's income and distributions are dependent on the production and prices of oil and gas from the underlying leases, as well as the trust's expenses and liabilities. As such, the trust's income and distributions can be volatile and subject to fluctuations based on market conditions.
Investors should carefully consider the risks and uncertainties associated with investing in the trust, including its dependence on the oil and gas industry, potential changes in regulations and tax laws, and other factors that could impact the trust's financial performance.
Note: This message is generated by artificial intelligence; it does not guarantee the accuracy of the information it contains and should not be considered as investment advice.
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