The latest reported quarterly results by SandRidge Permian Trust (NYSE:PER) showed continued steady performance. On January 30th PER announced its quarterly distribution for production during the time period of September through November 2013. During the fall the energy market showed relatively high oil prices throughout that benefited the Permian Trust which has 85% its production in crude oil. The spread between WTI and WTS crude oil remained narrow through the majority of the quarter benefiting the price level realized by the Trust.
The distribution announcement was greeted with some optimism by the market as the units traded up from below $13 per share to the present range of $13.25 to $13.50. The units have also experienced a strong...
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