Source rock royalties

Hey there,

A month is a very, very short time frame in the markets. Pretty much a non-factor. The company has yet to report earnings, or issue any press release of note outside of the fact that its IPO was oversubscribed. So really, nothing has changed since its IPO and there is nothing new to look at. From a price perspective, it seems to be trading up by about 6% which isn't bad and it has outperformed the price of oil over the same period.

When a company becomes a newly traded company, it usually takes at least a few quarters to get a feel for company performance. Right now, there really isn't much to go off of and we can't even put a valuation on it since there isn't a full 12 months of financials available. You'll have to be patient with this one and watch it closely as it can be quite volatile as a small cap.

Mat