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TEL Offshore Trust (fka TELOZ)

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Last Post: 6/14/2018 7:36:39 PM - Followers: 2 - Board type: Free - Posts Today: 0

Introduction to the Trust

Tenneco Offshore Company, Inc. ("Tenneco Offshore") created the TEL Offshore Trust ("Trust") effective January 1, 1983, pursuant to the Plan of Dissolution ("Plan") approved by Tenneco Offshore's stockholders on December 22, 1982. In accordance with the Plan, the TEL Offshore Trust Partnership ("Partnership") was formed in which the Trust owns a 99.99% interest and Tenneco Oil Company ("Tenneco") initially owned a .01% interest. In general, the Plan was effected by transferring an overriding royalty interest ("Royalty") equivalent to a 25% net profits interest in the oil and gas properties (the "Royalty Properties") of Tenneco Exploration, Ltd. ("Exploration I") located offshore Louisiana to the Partnership and issuing certificates evidencing units of beneficial interest in the Trust ("Units") in liquidation and cancellation of Tenneco Offshore's common stock.

Basic DD, news, ratios, and other data are provided by FINVIZ.

Also, please read on their dividend policies. When the economy is good, so are the dividends!

Chart and Information

10Q: As of November 12, 2008—4,751,510 Units of Beneficial Interest in TEL Offshore Trust.

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#21   Any Updates on the distribution to shareholders of Jbrother 06/14/18 07:36:38 PM
#20   Looks like they are about to close out philipmax 08/22/17 02:28:15 PM
#19   TELOZ: Trust terminated. FINRA deleted symbol. Renee 06/30/17 06:34:27 PM
#18   back to the $7 to $10 range with Ace Trader 05/09/13 06:02:33 PM
#17   The upward swing is sure got $7 in site Ace Trader 05/09/13 06:01:27 PM
#16   http://www.reuters.com/finance/stocks/overview?symbol=TELOZ.O Soapy Bubbles 03/25/09 11:47:32 PM
#15   Google Information, Finviz is Better... Soapy Bubbles 03/25/09 11:43:02 PM
#14   FINVIZ Data Soapy Bubbles 03/25/09 11:40:19 PM
#13   TEL Offshore Trust Announces There Will Be No Soapy Bubbles 03/25/09 11:39:47 PM
#12   TELOZ Soapy Bubbles 03/25/09 11:38:56 PM
#11   Dividend, Dividend Yield frenchee 10/24/08 07:47:50 PM
#10   buy signal eh, it does have a dividend ligh7 09/24/08 01:17:10 PM
#9   This trust went on a short-term buy signal today... frenchee 09/12/08 08:06:25 PM
#8   Current divy 40.88%... frenchee 09/06/08 11:53:23 AM
#7   5-Year Charts frenchee 08/10/08 11:57:32 AM
#6   Company Scores Remarkable Fundamental Grades - frenchee 08/10/08 12:18:54 AM
#5   New to da board. Don't mind if I DDdollars 03/27/08 04:21:50 PM
#4   the 'trustee' watches the cash, and pays the ligh7 03/05/08 08:01:22 AM
#3   h no CEO -- is anyone Land Agent 01/21/08 02:42:16 PM
#2   teloz looks like its on sale today at ligh7 01/07/08 04:07:22 PM
#1   welcome to the teloz board, plz plz i ligh7 12/31/07 05:38:30 PM