Permianville Royalty Trust (PVL)

[gnillish_00]

July is going to be an interesting month for PVL.

We closed another 100k of the deficit in the May report which included the impact of the February storm that disrupted production and distribution in Texas. This leaves 500k left to fill before dividends return. If the fundamentals don't change, and oil holds above $60 then we are potentially on track to close the rest of the gap in the June report, or come pretty close. Estimates suggest 400k in June leaving 100k to fill in July. With $600k being estimated based on oil/nat gas prices and stabilized production we'd have a return to dividends with a sustainable payout in July.

There are still some headwinds to consider -- India under lockdown suppressing demand, OPEC hinting they might increase production, and a slight softening of oil prices over the past week or so.