There has not been any news at all about MV Oil Trust (NYSE:MVO) in the past month but that has not stopped its stock from moving strongly amidst considerable interest from investors.
Over the course of the past month, the stock has attracted legions of investors and has clocked gains of as much as 27%. In this regard, it might be a good idea for investors to recognise that back in July; the company had announced that trust distribution of net profits for the second fiscal quarter that had ended on June 30, 2021.
The total distribution of as much as $3,450,000 was made to those who held units in MV Oil Trust and that worked out to a payout of $0.300 a unit.
In this regard, it is also necessary for investors to keep in mind that the company has no long term debts and on top of that the interest coverage is also at comfortable levels. In such a situation, it is easy to see why investors might be bullish about the prospects of the company. It might be the right time for investors to keep the stock in their watch lists and keep an eye on its movements.
Allied Energy Corp. (OTCMKTS:AGYP) deserve a look from oil and gas investors as they have struck oil on their leased well sites located in Texas. Global energy prices are experiencing extreme volatility, especially petrochemicals. With the need for more domestic energy growing apparent, AGYP and its US based exploration projects may benefit.
