This is my first attempt of my 3 part publification series
Part 2 coming out when this trade is over
Price has hit one of my highlighted resistance levels
12.19 final target the reds are my pyramid points but if reversal is spotted i will update if this post shows that it has enough following
Marine Petroleum Trust, together with its subsidiary, Marine Petroleum Corporation, operates as a royalty trust in the United States. As of June 30, 2021, the company had an overriding royalty interest in 55 oil and natural gas leases covering approximately 199,868 gross acres located in the Central and Western areas of the Gulf of Mexico off the coasts of...
Marine Petroleum Trust, together with its subsidiary, Marine Petroleum Corporation, operates as a royalty trust in the United States. As of June 30, 2021, the company had an overriding royalty interest in 55 oil and natural gas leases covering approximately 199,868 gross acres located in the Central and Western areas of the Gulf of Mexico off the coasts of...
Marine Petroleum Trust, together with its subsidiary, Marine Petroleum Corporation, operates as a royalty trust in the United States. As of June 30, 2021, the company had an overriding royalty interest in 55 oil and natural gas leases covering approximately 199,868 gross acres located in the Central and Western areas of the Gulf of Mexico off the coasts of...
Marine Petroleum Trust, together with its subsidiary, Marine Petroleum Corporation, operates as a royalty trust in the United States. As of June 30, 2021, the company had an overriding royalty interest in 55 oil and natural gas leases covering approximately 199,868 gross acres located in the Central and Western areas of the Gulf of Mexico off the coasts of...
Marine Petroleum Trust, together with its subsidiary, Marine Petroleum Corporation, operates as a royalty trust in the United States. As of June 30, 2021, the company had an overriding royalty interest in 55 oil and natural gas leases covering approximately 199,868 gross acres located in the Central and Western areas of the Gulf of Mexico off the coasts of...
Marine Petroleum Trust ("Marine") is a royalty trust that was created in 1956 under the laws of the State of Texas. Marine was organized for the sole purpose of providing an efficient, orderly and practical means for the administration and liquidation of rights to payments from certain oil and natural gas leases in the Gulf of Mexico, pursuant to license...
marps made big cup and handle +broadening pattern
also based on marps website the indenture provides that the term of the Trust will expire on June 1, 2021, unless extended by the vote of the holders of the majority of the outstanding units of beneficial interests.
may will see announcement about it extend
Marine Petroleum Trust (NASDAQ: MARPS) ("Marine") today declared a quarterly cash distribution to the holders of its units of beneficial interest of $0.028228 per unit, payable on June 28, 2021, to unitholders of record on May 28, 2021. Marine's 2020 tax information, cash distribution history, current and prior year financial reports, a link to filings made with...
MARPS was up on Friday and I am keeping it on the list for next week. With the continued rise in oil prices, this small energy and low float play could see another big push to $9.
Natural gas in the winter have a seasonal advantage
the low number of outstanding shares and the 5 mil market cap makes this stock a candidate for a big upside move
price target 9-11$
