Unitholders to Receive $0.330 per Unit

  • MV Oil Trust announces third quarter distribution
  • Net profits for the period ended September 30, 2024: $5,059,909
  • Unitholders to receive $0.330 per unit on October 25, 2024
  • Factors affecting actual cash receipts and distributable amount

MV Oil Trust (NYSE: MVO) has announced the distribution of net profits for the quarterly payment period ended September 30, 2024. Unitholders of record on October 15, 2024 will receive $3,795,000 or $0.330 per unit payable on October 25, 2024. The announcement is based on cash received or expected to be received by the Trustee from underlying properties on or prior to the record date. Factors affecting actual cash receipts and distributable amount include drilling operations results, commodity purchaser payments, OPEC actions, and other risks described in the Trust’s 2023 Annual Report on Form 10-K.

Factuality Level: 8
Factuality Justification: The article provides accurate information about the quarterly distribution payment for MV Oil Trust unitholders, including specific numbers and details. It also includes a disclaimer stating that actual cash receipts may differ based on various factors, which is a realistic acknowledgement of potential variability in the situation. The language used is clear and concise, with no apparent logical errors or fallacies.
Noise Level: 3
Noise Justification: The article is focused on a specific financial announcement from MV Oil Trust regarding their quarterly distribution payment and contains forward-looking statements. While it provides information about the company’s performance, it lacks broader context or analysis of long-term trends or consequences for those affected by the decision. It also does not offer actionable insights or new knowledge that can be applied beyond the immediate financial details.
Public Companies: MV Oil Trust (MVO)
Private Companies: MV Partners, LLC
Key People:

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Financial Relevance: Yes
Financial Markets Impacted: No
Financial Rating Justification: The article discusses a quarterly distribution payment from MV Oil Trust to its unitholders and mentions financial figures such as volumes, average price, gross proceeds, net profits, and cash proceeds available for distribution. However, it does not specifically mention any impact on financial markets or companies.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no mention of an extreme event in the article.
Move Size: No market move size mentioned.
Sector: Energy
Direction: Up
Magnitude: Small
Affected Instruments: Stocks

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