Enduro Royalty Trust IPO Advisory

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For IPO Boutique's "scale of 1 to 5" BUY rating on Enduro Royalty Trust, and our comprehensive analysis, click the "Buy Market Research" link.
Company
Symbol
Price Range
Open
Shares
Trade Date
Enduro Royalty TrustNDRO
[ NYSE ]
Last trade $15.02 $21.7511.2 million9/27/2013
Underwriter(s):
Barclays Capital, Citigroup, Goldman Sachs & Co., J.P. Morgan, RBC Capital Markets, Wells Fargo Securities
Co-Manager(s):

About Enduro Royalty Trust (adapted from Enduro Royalty Trust prospectus):
"Enduro Royalty Trust is a Delaware statutory trust formed in May 2011 by Enduro Sponsor to own a net profits interest representing the right to receive 80% of the net profits from the sale of oil and natural gas production from certain properties in the states of Texas, Louisiana and New Mexico held by Enduro Sponsor as of the date of the conveyance of the net profits interest to the trust. We refer to the conveyed interest as the "Net Profits Interest." The trust will make monthly cash distributions of all of its monthly cash receipts, after deduction of fees and expenses for the administration of the trust, to holders of its trust units as of the applicable record date (generally the 15th day of each calendar month) on or before the 10th business day after the record date. The Net Profits Interest will be entitled to a share of the proceeds from production occurring on or after April 1, 2011. The trust is not subject to any pre-set termination provisions based on a maximum volume of oil or natural gas to be produced or the passage of time.



This description is adapted from Enduro Royalty prospectus. This description is not intended to be a recommendation to buy stock from this company. To see the company's full description, view their prospectus..


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