Petroleum Resources Corp (PEO) 25.01 $PEO
Adams Express Fund Announces Management Changes
PR Newswire - Wed Jan 21, 3:01PM CST
The Board of Directors of The Adams Express Company elected Mark E. Stoeckle, Chief Executive Officer, to the additional position of President, succeeding James P. Haynie, who was elected President of Petroleum & Resources Corporation, Adams Express's non-controlled affiliate. Mr. Haynie will continue to serve Adams Express as an Executive Vice President and member of the Fund's portfolio management team. In addition, D. Cotton Swindell has been elected an Executive Vice President of the Fund. He will join Mr. Stoeckle and Mr. Haynie on the portfolio management team. Nancy J. F. Prue, Executive Vice President, will be leaving the portfolio management team to assume the new role of Executive Vice President, Director of Shareholder Communications.
ADX: 14.08 (+0.11), PEO: 25.01 (+0.23)
Petroleum & Resources Fund Announces Management Changes
PR Newswire - Wed Jan 21, 3:01PM CST
The Board of Directors of Petroleum & Resources Corporation elected James P. Haynie as President of the Fund, succeeding Nancy J. F. Prue, who was named Executive Vice President, Director of Shareholder Communications.
PEO: 25.01 (+0.23)
Petroleum & Resources Corp. declares $0.10 dividend
Seeking Alpha - at Seeking Alpha - Thu Jan 08, 3:30PM CST
PEO: 25.01 (+0.23)
Petroleum & Resources Fund Declares Dividend
PR Newswire - Thu Jan 08, 3:01PM CST
The Board of Directors of Petroleum & Resources Corporation (NYSE: PEO) declared a dividend of $0.10 per share, payable March 2, 2015, to shareholders of record February 12, 2015, consisting of $0.02 net investment income and $0.06 long-term capital gain realized in 2014, and $0.02 net investment income realized in 2015.
PEO: 25.01 (+0.23)
Petroleum & Resources Fund Announces 2014 Performance
PR Newswire - Thu Jan 08, 3:01PM CST
Petroleum & Resources Corporation (NYSE: PEO) announces the Fund's performance for 2014.
PEO: 25.01 (+0.23)
Buy Energy CEFs With Large Distributions And Steep Discounts To Play An Oil Rebound
Value and Income Insights - at Seeking Alpha - Fri Jan 02, 3:26PM CST
IXC: 38.36 (+0.70), IRR: 9.24 (-0.13), NDP: 21.62 (+0.09), SZC: 22.56 (+0.07), BGR: 22.53 (+0.08), OIL: 12.01 (+0.34), PEO: 25.01 (+0.23), XLE: 82.04 (+1.70)
Petroleum & Resources Shares Down 14.8% Since SmarTrend's Sell Call (PEO)
Comtex SmarTrend(R) - Tue Dec 16, 11:16AM CST
SmarTrend identified a Downtrend for Petroleum & Resources (NYSE
EO) on November 26th, 2014 at $25.97. In approximately 3 weeks, Petroleum & Resources has returned 14.77% as of today's recent price of $22.13.
PEO: 25.01 (+0.23)
Petroleum & Resources Fund Extends Share Repurchase Program
PR Newswire - Thu Dec 11, 3:01PM CST
The Board of Directors of Petroleum & Resources (NYSE EO) voted today to extend the Fund's share repurchase program and has authorized the Fund to repurchase up to 5% of its outstanding shares of common stock (approximately 1,332,000 shares). Such repurchases may be made in the open market from time to time, as determined by the portfolio management team, when market conditions and portfolio management considerations warrant and the shares are trading at a discount of at least 10% from net asset value (NAV).
PEO: 25.01 (+0.23)
Petroleum & Resources Fund Announces $24.19 Issue Price Of Shares For Year-end Distribution Payable December 23, 2014
PR Newswire - Tue Dec 09, 3:01PM CST
Petroleum & Resources Corporation (NYSE: PEO) has determined that $24.19 per share is the issue price for the closed-end fund's year-end distribution for shareholders who have elected to receive the distribution in the form of stock. This price is the mean between the high and low sales prices of the Fund's stock on the New York Stock Exchange on December 8, 2014.
PEO: 25.01 (+0.23)
Petroleum & Resources Fund Declares Year-End Distribution; Exceeds Its Annual 6% Minimum Distribution Rate Commitment
PR Newswire - Thu Nov 13, 12:08PM CST
Petroleum & Resources (NYSE: PEO) declared today a year-end distribution of $1.59 per share. The total distributions by the Fund for 2014 will be $1.89, including the distributions of $0.30 per share made prior to today's announcement. The annual distribution rate represented by these distributions is 6.6%.
PEO: 25.01 (+0.23)
Is It Time To Invest In Energy CEFs?
John Dowdee - Seeking Alpha - Sat Oct 18, 10:58AM CDT
Baron Rothschild, who made a fortune after Napoleon was defeated at Waterloo, is credited with the saying: "The time to buy is when there is blood in the streets." In more recent times, Warren Buffett expressed a similar sentiment when he opined: "Be...
TTP: 29.70 (+0.34), FIF: 23.84 (+0.54), IRR: 9.24 (-0.13), BCF: 7.76 (-0.05), BGR: 22.53 (+0.08), PEO: 25.01 (+0.23)
Shares of PEO Down 17.3% Since Downtrend Call on Shares
Comtex SmarTrend(R) - Wed Oct 15, 9:26AM CDT
SmarTrend identified a Downtrend for Petroleum & Resources (NYSE EO) on August 7th, 2014 at $29.99. In approximately 2 months, Petroleum & Resources has returned 17.29% as of today's recent price of $24.80.
PEO: 25.01 (+0.23)
Petroleum & Resources Fund Reports Nine-Month Results
PR Newswire - Thu Oct 09, 3:01PM CDT
Petroleum & Resources Corporation (NYSE EO) today announced its results for the nine months ended September 30, 2014. The Fund's total return on net asset value, with dividends and capital gains reinvested, was 6.1%, significantly outperforming its Lipper peer group. The comparable figure for the Lipper Global Natural Resources Funds Index ("Lipper Peer Group"
was 0.8%. The total return on the Fund's market price was 6.3%.
PEO: 25.01 (+0.23)
Michael E. Rega Joins Adams Express And Petroleum & Resources Funds As Vice President - Research
PR Newswire - Tue Sep 30, 12:27PM CDT
Michael E. Rega, CFA, joined Adams Express (NYSE:ADX) and Petroleum & Resources (NYSE EO) as Vice President - Research for the Funds on September 2, 2014.
ADX: 14.08 (+0.11), PEO: 25.01 (+0.23)
11.8% Return Seen to Date on SmarTrend Petroleum & Resources Call (PEO)
Comtex SmarTrend(R) - Thu Aug 07, 9:34AM CDT
SmarTrend identified an Uptrend for Petroleum & Resources (NYSE EO) on February 24th, 2014 at $27.04. In approximately 5 months, Petroleum & Resources has returned 11.80% as of today's recent price of $30.23.
PEO: 25.01 (+0.23)
Petroleum & Resources Shares Up 14.8% Since SmarTrend's Buy Recommendation (PEO)
Comtex SmarTrend(R) - Wed Jul 30, 4:59PM CDT
SmarTrend identified an Uptrend for Petroleum & Resources (NYSE EO) on February 24th, 2014 at $27.04. In approximately 5 months, Petroleum & Resources has returned 14.76% as of today's recent price of $31.03.
PEO: 25.01 (+0.23)
Petroleum & Resources Up 16.4% Since SmarTrend Uptrend Call (PEO)
Comtex SmarTrend(R) - Wed Jul 23, 11:11AM CDT
SmarTrend identified an Uptrend for Petroleum & Resources (NYSE EO) on February 24th, 2014 at $27.04. In approximately 5 months, Petroleum & Resources has returned 16.38% as of today's recent price of $31.47.
PEO: 25.01 (+0.23)
Petroleum & Resources Has Returned 13.9% Since SmarTrend Recommendation (PEO)
Comtex SmarTrend(R) - Wed Jul 16, 9:57AM CDT
SmarTrend identified an Uptrend for Petroleum & Resources (NYSE EO) on February 24th, 2014 at $27.04. In approximately 5 months, Petroleum & Resources has returned 13.94% as of today's recent price of $30.81.
PEO: 25.01 (+0.23)
Petroleum & Resources Fund announces dividend of USD0.10 per share for quarter
M2 - Fri Jul 11, 3:40AM CDT
The board of directors of Petroleum & Resources (NYSE EO), a self-managed investment fund, approved a dividend of USD0.10 per share, the fund disclosed on Thursday.
PEO: 25.01 (+0.23)
Petroleum & Resources Fund Declares Dividend And Reports Performance For The First Half Of 2014
PR Newswire - Thu Jul 10, 3:01PM CDT
The Board of Directors of Petroleum & Resources (NYSE: PEO) today declared a dividend of $0.10 per share, payable September 2, 2014, to shareholders of record on August 12, 2014. This dividend represents the third payment toward the Fund's annual 6% minimum distribution rate commitment for the year. Details regarding the annual 6% minimum distribution rate commitment can be found at www.peteres.com.
PEO: 25.01 (+0.23)
Adams Express Fund Announces Management Changes
PR Newswire - Wed Jan 21, 3:01PM CST
The Board of Directors of The Adams Express Company elected Mark E. Stoeckle, Chief Executive Officer, to the additional position of President, succeeding James P. Haynie, who was elected President of Petroleum & Resources Corporation, Adams Express's non-controlled affiliate. Mr. Haynie will continue to serve Adams Express as an Executive Vice President and member of the Fund's portfolio management team. In addition, D. Cotton Swindell has been elected an Executive Vice President of the Fund. He will join Mr. Stoeckle and Mr. Haynie on the portfolio management team. Nancy J. F. Prue, Executive Vice President, will be leaving the portfolio management team to assume the new role of Executive Vice President, Director of Shareholder Communications.
ADX: 14.08 (+0.11), PEO: 25.01 (+0.23)
Petroleum & Resources Fund Announces Management Changes
PR Newswire - Wed Jan 21, 3:01PM CST
The Board of Directors of Petroleum & Resources Corporation elected James P. Haynie as President of the Fund, succeeding Nancy J. F. Prue, who was named Executive Vice President, Director of Shareholder Communications.
PEO: 25.01 (+0.23)
Petroleum & Resources Corp. declares $0.10 dividend
Seeking Alpha - at Seeking Alpha - Thu Jan 08, 3:30PM CST
PEO: 25.01 (+0.23)
Petroleum & Resources Fund Declares Dividend
PR Newswire - Thu Jan 08, 3:01PM CST
The Board of Directors of Petroleum & Resources Corporation (NYSE: PEO) declared a dividend of $0.10 per share, payable March 2, 2015, to shareholders of record February 12, 2015, consisting of $0.02 net investment income and $0.06 long-term capital gain realized in 2014, and $0.02 net investment income realized in 2015.
PEO: 25.01 (+0.23)
Petroleum & Resources Fund Announces 2014 Performance
PR Newswire - Thu Jan 08, 3:01PM CST
Petroleum & Resources Corporation (NYSE: PEO) announces the Fund's performance for 2014.
PEO: 25.01 (+0.23)
Buy Energy CEFs With Large Distributions And Steep Discounts To Play An Oil Rebound
Value and Income Insights - at Seeking Alpha - Fri Jan 02, 3:26PM CST
IXC: 38.36 (+0.70), IRR: 9.24 (-0.13), NDP: 21.62 (+0.09), SZC: 22.56 (+0.07), BGR: 22.53 (+0.08), OIL: 12.01 (+0.34), PEO: 25.01 (+0.23), XLE: 82.04 (+1.70)
Petroleum & Resources Shares Down 14.8% Since SmarTrend's Sell Call (PEO)
Comtex SmarTrend(R) - Tue Dec 16, 11:16AM CST
SmarTrend identified a Downtrend for Petroleum & Resources (NYSE
EO) on November 26th, 2014 at $25.97. In approximately 3 weeks, Petroleum & Resources has returned 14.77% as of today's recent price of $22.13. PEO: 25.01 (+0.23)
Petroleum & Resources Fund Extends Share Repurchase Program
PR Newswire - Thu Dec 11, 3:01PM CST
The Board of Directors of Petroleum & Resources (NYSE
EO) voted today to extend the Fund's share repurchase program and has authorized the Fund to repurchase up to 5% of its outstanding shares of common stock (approximately 1,332,000 shares). Such repurchases may be made in the open market from time to time, as determined by the portfolio management team, when market conditions and portfolio management considerations warrant and the shares are trading at a discount of at least 10% from net asset value (NAV). PEO: 25.01 (+0.23)
Petroleum & Resources Fund Announces $24.19 Issue Price Of Shares For Year-end Distribution Payable December 23, 2014
PR Newswire - Tue Dec 09, 3:01PM CST
Petroleum & Resources Corporation (NYSE: PEO) has determined that $24.19 per share is the issue price for the closed-end fund's year-end distribution for shareholders who have elected to receive the distribution in the form of stock. This price is the mean between the high and low sales prices of the Fund's stock on the New York Stock Exchange on December 8, 2014.
PEO: 25.01 (+0.23)
Petroleum & Resources Fund Declares Year-End Distribution; Exceeds Its Annual 6% Minimum Distribution Rate Commitment
PR Newswire - Thu Nov 13, 12:08PM CST
Petroleum & Resources (NYSE: PEO) declared today a year-end distribution of $1.59 per share. The total distributions by the Fund for 2014 will be $1.89, including the distributions of $0.30 per share made prior to today's announcement. The annual distribution rate represented by these distributions is 6.6%.
PEO: 25.01 (+0.23)
Is It Time To Invest In Energy CEFs?
John Dowdee - Seeking Alpha - Sat Oct 18, 10:58AM CDT
Baron Rothschild, who made a fortune after Napoleon was defeated at Waterloo, is credited with the saying: "The time to buy is when there is blood in the streets." In more recent times, Warren Buffett expressed a similar sentiment when he opined: "Be...
TTP: 29.70 (+0.34), FIF: 23.84 (+0.54), IRR: 9.24 (-0.13), BCF: 7.76 (-0.05), BGR: 22.53 (+0.08), PEO: 25.01 (+0.23)
Shares of PEO Down 17.3% Since Downtrend Call on Shares
Comtex SmarTrend(R) - Wed Oct 15, 9:26AM CDT
SmarTrend identified a Downtrend for Petroleum & Resources (NYSE
EO) on August 7th, 2014 at $29.99. In approximately 2 months, Petroleum & Resources has returned 17.29% as of today's recent price of $24.80. PEO: 25.01 (+0.23)
Petroleum & Resources Fund Reports Nine-Month Results
PR Newswire - Thu Oct 09, 3:01PM CDT
Petroleum & Resources Corporation (NYSE
EO) today announced its results for the nine months ended September 30, 2014. The Fund's total return on net asset value, with dividends and capital gains reinvested, was 6.1%, significantly outperforming its Lipper peer group. The comparable figure for the Lipper Global Natural Resources Funds Index ("Lipper Peer Group" was 0.8%. The total return on the Fund's market price was 6.3%. PEO: 25.01 (+0.23)
Michael E. Rega Joins Adams Express And Petroleum & Resources Funds As Vice President - Research
PR Newswire - Tue Sep 30, 12:27PM CDT
Michael E. Rega, CFA, joined Adams Express (NYSE:ADX) and Petroleum & Resources (NYSE
EO) as Vice President - Research for the Funds on September 2, 2014. ADX: 14.08 (+0.11), PEO: 25.01 (+0.23)
11.8% Return Seen to Date on SmarTrend Petroleum & Resources Call (PEO)
Comtex SmarTrend(R) - Thu Aug 07, 9:34AM CDT
SmarTrend identified an Uptrend for Petroleum & Resources (NYSE
EO) on February 24th, 2014 at $27.04. In approximately 5 months, Petroleum & Resources has returned 11.80% as of today's recent price of $30.23. PEO: 25.01 (+0.23)
Petroleum & Resources Shares Up 14.8% Since SmarTrend's Buy Recommendation (PEO)
Comtex SmarTrend(R) - Wed Jul 30, 4:59PM CDT
SmarTrend identified an Uptrend for Petroleum & Resources (NYSE
EO) on February 24th, 2014 at $27.04. In approximately 5 months, Petroleum & Resources has returned 14.76% as of today's recent price of $31.03. PEO: 25.01 (+0.23)
Petroleum & Resources Up 16.4% Since SmarTrend Uptrend Call (PEO)
Comtex SmarTrend(R) - Wed Jul 23, 11:11AM CDT
SmarTrend identified an Uptrend for Petroleum & Resources (NYSE
EO) on February 24th, 2014 at $27.04. In approximately 5 months, Petroleum & Resources has returned 16.38% as of today's recent price of $31.47. PEO: 25.01 (+0.23)
Petroleum & Resources Has Returned 13.9% Since SmarTrend Recommendation (PEO)
Comtex SmarTrend(R) - Wed Jul 16, 9:57AM CDT
SmarTrend identified an Uptrend for Petroleum & Resources (NYSE
EO) on February 24th, 2014 at $27.04. In approximately 5 months, Petroleum & Resources has returned 13.94% as of today's recent price of $30.81. PEO: 25.01 (+0.23)
Petroleum & Resources Fund announces dividend of USD0.10 per share for quarter
M2 - Fri Jul 11, 3:40AM CDT
The board of directors of Petroleum & Resources (NYSE
EO), a self-managed investment fund, approved a dividend of USD0.10 per share, the fund disclosed on Thursday. PEO: 25.01 (+0.23)
Petroleum & Resources Fund Declares Dividend And Reports Performance For The First Half Of 2014
PR Newswire - Thu Jul 10, 3:01PM CDT
The Board of Directors of Petroleum & Resources (NYSE: PEO) today declared a dividend of $0.10 per share, payable September 2, 2014, to shareholders of record on August 12, 2014. This dividend represents the third payment toward the Fund's annual 6% minimum distribution rate commitment for the year. Details regarding the annual 6% minimum distribution rate commitment can be found at www.peteres.com.
PEO: 25.01 (+0.23)
