North European Oil Royalty Trust is a grantor trust which holds overriding royalty rights covering gas and oil production in certain concessions or leases in the Federal Republic of Germany. The rights are held under contracts with local German exploration and development subsidiaries of ExxonMobil Corp. and the Royal Dutch/Shell Group of Companies. Under these contracts, Co. receives various percentage royalties on the proceeds of the sales of certain products from the areas involved. The properties of Co., which Co. and trustees hold are overriding royalty rights on sales of gas, sulfur and oil under a concession in the Federal Republic of Germany, the Oldenburg concession. We show 51 historical shares outstanding datapoints in our NRT shares outstanding history coverage, used to compute NRT market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing NRT market cap history over the course of time is important for investors
interested in comparing NRT's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of NRT versus a peer is one thing; comparing
NRT market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like NRT can fluctuate over the course of history.
With this page we aim to empower investors researching NRT by allowing them to research the NRT market cap history. |
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Video: The Importance of Market Cap
