The latest reported quarterly results by SandRidge Permian Trust (NYSE:PER) showed another quarter of steady performance, in line with the market's adjusted expectations of overall production going forward, based on previously announced well performance issues.
On July 31st PER announced its quarterly distribution for production during the time period of February through May 2014. During the spring the energy market showed moderately high oil prices throughout that benefited the Permian Trust, which has 86% of its production in crude oil. The spread between WTI and WTS crude oil widened during the quarter causing a slight decline in price level realized by the Trust.
The distribution announcement was greeted with little change in the market as the units traded...
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