ENDURO ROYALTY TRUST (NDRO)

[Brennus]

Get ready for a low-ball, single-bid offer for the trust, NDRO unitholders.

"On January 12, 2018, Enduro launched a process to sell all its oil and natural gas assets, including the Underlying Properties and its Trust Units. The Underlying Properties are being sold subject to the Trust’s 80% Net Profits Interest. If the sales process relating to the Underlying Properties is successful, Enduro expects the new owner to assume Enduro’s obligations as the sponsor of the Trust. There can be no assurances that Enduro’s sales process will be successful, in whole or in part, or that the new owner of working interests in the Underlying Properties will perform its obligations as sponsor of the Trust in a manner comparable to Enduro."

I bet the same consortium of investors get the same super-sweetheart deal as last time! Ha!