Sandridge Permian Trust (fka PERS)

[Renee]

PERS: effective Dec. 21,2021 "Liquidation/Final Distribution" *** No other info by FINRA

FINRA will delete the symbol:


https://otce.finra.org/otce/dailyList?viewType=Deletions

[HeilHiden]

Is the stock about to be delisted?

[HeilHiden]

I’m so confused about the last 10Q can someone explain?

[willlbone]

Somebody got some cheap shares this morning.

[jchords]

Wow

[willlbone]

Bounce Nazis says no bounce.

[willlbone]

Quicksand Permadump Trust

[jellis]

So. Is this really bad for shareholders of Pers ?
One of my worst investments but still paid a dividend.

[willlbone]

Teens soon.

[willlbone]

Going to drop 50% today.

[Liquid1974]

Hmmm... Shares purchased.....https://twitter.com/insiderpurchase/status/1316462511231840258?s=21

[CrazyC]

PED pulled the trigger and is acquiring PERS...

https://www.sec.gov/Archives/edgar/data/1141197/000138713120008958/pedevco-s4_101320.htm

https://finance.yahoo.com/news/pedevco-commences-exchange-offer-acquire-123000143.html

[I-Man]

Annual Dividend/Yield$0.165/39.76%

Better investing into an CVX or XOM for real dividends... ~~

[I-Man]

Read Friday's SEC filing and legaleeze talk from lawyers meaning "How can we now syphon wealth off this company"...


This Amendment to Schedule 13D (as amended, this “Schedule 13D”) relates to Common Units of Beneficial Interest (“Common Units”) of SandRidge Permian Trust, a Delaware statutory trust (the “Issuer”). This Schedule 13D amends the Schedule 13D previously filed with the Securities and Exchange Commission (the “Commission”) by Avalon Energy, LLC and Montare Resources I, LLC, by furnishing the information set forth below. Except as otherwise specified in this Schedule 13D, all previous Items of the Schedule 13D previously filed with the Commission are unchanged. Capitalized terms used herein which are not defined herein have the meanings given to them in the Schedule 13D previously filed with the Commission.



Item 3.
Source and Amount of Funds or other Consideration

Item 3 is hereby amended and supplemented as follows:

“Through various open market purchases between September 8, 2020 and September 10, 2020, Montare expended an aggregate of approximately $495,899 (excluding fees and commissions) to acquire 1,265,688 Common Units. The funds used for the purchase of these Common Units reported in this Schedule 13D were derived from general working capital of Montare.”



Item 5.
Interest in Securities of the Issuer

Item 5 is hereby amended and supplemented as follows:

“Other than as set forth in Annex A hereto, there have been no transactions in the class of reported securities that were effected by the Reporting Persons during the past sixty (60) days or since the most recent filing of Schedule 13D, whichever is less.”

[I-Man]

PEDEVCO (Dr. Kukes) was 100% correct. PER/PERS delisted onto OTC and will dissolve slowly from here.

PED could have saved YOUR shareholders, but your greedy lawyer investors who control said Trust screwed things up like always...

PED is a real Operator with ongoing Permian Assets and extractions. PERS simply is not. Just some legaleeze lawyer mumbo jumbo Trust talk but they are NOT oil people... YOUR shareholders will lose all now sadly as I see it. My opinion of course...

[I-Man]

Yep told you all lawyers mucked up everything- Should have let PEDEVCO acquire them and assets as PED has ongoing REAL operations and extractions...

[Renee]

PER changed to PERS. Delisted from the NYSE to the OTC:

https://otce.finra.org/otce/dailyList?viewType=Additions

[I-Man]

TO all PER lovers, I will say, PED worth at least $8.50+ .

This stock (PER) seems it may well go route of FELP (FELPQ) and ALL shareholders need to be concerned- as they tried to put off debt loss responsibilities in their bankruptcy on all shareholders of said stock, sent special IRS tax letters to everyone, and wanted Shareholders to take brunt of company bankruptcy losses as they were considered "Unit holders" of the trust and entire trusts' debt operation.....

Look what happened there...

[I-Man]

Look who is behind PER! Seems maybe lawyers with lots of other peoples' monies- NOT proven crude industry people at all...

[I-Man]

What kind of dysfunctional crap is this here, this stock is a conglonerate of nothing wells still not even exploited and proving product !!??

I just read the TD fundamentals of this company, and they are in delisting status as it is with exchange, so more I look into the rich lawyer types behind this trust, the sheer amount of wells, yet no proven removal at all??

Just seems like some P&D oil OTC from past I remember, where they bought a bunch of cheap worthless capped old nonproductive wells, tried to get more private $$$ invested to make it a trust so to speak, but to date, nothing is proven???


I thinks Dr. Kukes of PED sees the investment monies behind this, and because PED is already proven player, now back to over 90% capacity extractions of crude (after Covid shutdowns everywhere), they would use such funds to simply increase their next phase of operations...

And because their assets mainly in Permian basins, Chevron (CVX) is already resurging old owned Permian assets as I speak, and such, I could see PED a major acquisition by say Chevron or other major player due to their position...???

[DennisCT]

Crazy. PED things PER will dissolve into nothing if they don't let PED take over.
PER says no way, we are with Montare ??
PED wouldnt be offering anything if they knew there wasnt value in PER

[DennisCT]

Time for hostile takeover.
PER declined talks for specific reasons?

[whytestocks]

News; $PER SandRidge Permian Trust Confirms Receipt of Open Letter From PEDEVCO Corp.

SANDRIDGE PERMIAN TRUST (NYSE: PER) (the “Trust”) today confirmed that it has received an open letter from PEDEVCO Corp. addressed to the Trust, The Bank of New York Mellon Trust Company, N.A., as trustee of the Trust (the “Trustee”), the holders of the common unit...

Read the whole news PER - SandRidge Permian Trust Confirms Receipt of Open Letter From PEDEVCO Corp.

[PIRstockboy]

these companies were almost even before the news, i would like to see 1 for 1 at least

[deanna-hopkins]

Any guess on the valuation of PED & PER and what our reverse merger ratio post valuation will looK like? I think PER will sell for $2.50 per share and we will see a 1:1 conversion to PED so as to avoid the delisting of PER a fully dissolved asset prior to PER’s September 5, 2020 SEC deadline to be trading over $1.00 per share. Worst case scenario is we get the closing prices and PER 5:1 PED “five for one” {roughly $0.50/$2.50} . What do y’all think?

[PIRstockboy]

ped also halted.

[deanna-hopkins]

Is this because there is an official offer and acceptance from the acquiring company PED? PED is booming and tapped $2.50 a few moments ago.

[buddygray]

Yes we are

[deanna-hopkins]

Did we get halted?

[mik1234]

$2 imo

[whytestocks]

News; $PER Montare and Avalon Energy Enter into Agreement Regarding SandRidge Permian Trust

DALLAS , Aug. 27, 2020 /PRNewswire/ -- Montare Resources I, LLC, a Texas limited liability company ("Montare") announced today that it entered into an agreement with Avalon Energy LLC, a Texas limited liability company ("Avalon Energy") and its affiliates regarding Avalon Energy'...

In case you are interested PER - Montare and Avalon Energy Enter into Agreement Regarding SandRidge Permian Trust

[deanna-hopkins]

It is in PED’s best interest to get this over $1.00

[deanna-hopkins]

It would be in PED’s best interest to get PER’s pps above $1 for 30 days now because as a suitor they would be reverse merging with a company that does not carry the NYSE Delisting Notice.

[mik1234]

??????????

[davidsson10]

Well, that'll replenish the coffers reasonably well.....

[DennisCT]

Guessing average current price between PER and PED.

$1???

[PIRstockboy]

ok. so how high will this go for pre merger?

[davidsson10]

Giddyup.....

[jablome]

got 100 jan 2021 2.50calls for 7.5cents.

[Danstrader]

It isn’t paying q1 dividends nice pop this morning but fell fast.

[Actualfactual]

Actually I’m buying all this low 80 blood and lower if it goes

[Actualfactual]

Too many shorts right now..

[willlbone]

Under 90 cents.

[maverick one]

Great opportunity dip in PPS

[maverick one]

It’s a very solid dividend play- low pps price- high return.

[maverick one]

It’s a very solid dividend play- low pps price- high return.

[maverick one]

Un Buon Investimento

[chadlupkes]

SandRidge Permian Trust Announces Sale of Underlying Properties by SandRidge Energy, Inc.
Monday, November 5, 2018 3:15 pm CST
Dateline:
HOUSTON
EmailPDFPrintRSS
Public Company Information:
NYSE:PER
HOUSTON--(BUSINESS WIRE)--SANDRIDGE PERMIAN TRUST (NYSE: PER) today announced that on November 1, 2018, SandRidge Energy, Inc. (“SandRidge”) sold all of its interests in the oil and natural gas properties underlying the Trust and all of its outstanding Trust units to Avalon Energy, LLC (“Avalon”), a Texas limited liability company. In connection with the transaction, Avalon assumed all of SandRidge's obligations under the Amended and Restated Trust Agreement and the Administrative Services Agreement between SandRidge and the Trust.

The Trust expects to continue in the normal course without disruption to the unitholders, and the resulting sale is not expected to have an impact on the operations and future distributions of the Trust.

[deanna-hopkins]

Look who is in office, look at the price of Gold and Silver, look at LFT-Antifa-City-On-The-Edge-Of-Forever political environment. Look at Tesla....all of these indicators mean OIL is here to stay, kind of like breathing air; until we evolve to have gills and swim again, humans are going to have to breath through our mouth or nose. This world is OIL dependent and the Obama-Clinton-Carter-Penut-Butter-Bread-Buns & Bannana Plantation workers eventually will want to eat real meat. That means hunting deer on Mars and fishing on the moons like Europa. That means burning oil.Sorry folks, Tesla is a failure of economics, not electronics.

[flinthill1077]

Can anyone give any insight into long term price?