Pacific Coast Oil Trust is a statutory trust formed among Pacific Coast Energy Company LP (PCEC), as trustor, The Bank of New York Mellon Trust Company, N.A., as trustee, and Wilmington Trust, National Association, as Delaware trustee. Co. acquires and holds net profits and royalty interests in certain oil and natural gas properties located in California. PCEC conveyed to Co. the net profits interests and a royalty interest, which are collectively referred to herein as the Conveyed Interests in certain oil and natural gas properties located onshore in California (the Underlying Properties). The Conveyed Interests represent undivided interests in the Underlying Properties. We show 24 historical shares outstanding datapoints in our ROYT shares outstanding history coverage, used to compute ROYT market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing ROYT market cap history over the course of time is important for investors
interested in comparing ROYT'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 ROYT versus a peer is one thing; comparing
ROYT 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 ROYT can fluctuate over the course of history.
With this page we aim to empower investors researching ROYT by allowing them to research the ROYT market cap history. |
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Video: The Importance of Market Cap
