InsidersTradesSigma
Follow the North European OIL Royalty Trust stock price and the full management transaction log of the company, a publicly traded company based in United States. Shares trade on the US market, under the oversight of SEC (Form 4). Operating in the Energy sector, North European OIL Royalty Trust has logged 10 public disclosures. Market capitalisation: €72.1m. The latest transaction was disclosed on 19 March 2026 (Cession). Among the most active insiders: HOWARD RICHARD PAGE. All data is openly available.
10
Insider Decl.
n/a
Thresholds
€105,695
7 ops.
Buy Volume
€116,097
2 ops.
Sell Volume
30Σ signal
This score ranks the purchase within its own market. No market currently meets the historical allocation criteria, so signals remain watch-only. Not investment advice.
Sigma AI Analysis
Fundamental view, insider signal, bull and bear case, synthesis.
AI analysis generation is paused.
Last declaration on 19 March 2026
Declarations10 total
10,000 shares@ US$8.732344.7% of flowUnits of Beneficial InterestSEC:0001140361-26-010441:0
5,000 shares@ US$4.939925.6% of flowUnits of Beneficial InterestSEC:0001378285-25-000005:0
Canonical exit: 16 Apr 2025 (T+90)
5,000 shares@ US$4.959925.7% of flowUnits of Beneficial InterestSEC:0001378285-25-000004:0
Canonical exit: 14 Apr 2025 (T+90)
2,500 shares@ US$4.7812.3% of flowUnits of Beneficial InterestSEC:0001378285-25-000003:0
Canonical exit: 8 Apr 2025 (T+90)
2,500 shares@ US$4.57911.7% of flowUnits of Beneficial InterestSEC:0001378285-25-000002:0
Canonical exit: 7 Apr 2025 (T+90)
5,000 shares@ US$4.7724.7% of flowUnits of Beneficial InterestSEC:0001378285-25-000001:0
Canonical exit: 6 Apr 2025 (T+90)
250 shares@ US$13.86100.0% of flowUnits of Beneficial InterestSEC:0001378980-23-000001:0
872 shares@ US$12.380.018% mcap100.0% of flowUnits of Beneficial InterestSEC:0001353074-22-000002:0
Canonical exit: 29 Sept 2022 (T+90)
128 shares@ US$12.5412.9% of flowUnits of Beneficial InterestSEC:0001353074-22-000001:0
Canonical exit: 21 Sept 2022 (T+90)
4,000 shares@ US$11.41230.069% mcap50.0% of flowUnits of Beneficial InterestSEC:0001272945-22-000001:0
10 of 10 declarations
关于 North European OIL Royalty Trust
North European Oil Royalty Trust 是一家在美国上市的特许权信托公司，在NYSE/NASDAQ市场交易，根据特拉华州法律组建，由美国新罕布什尔州基恩管理。其商业模式不同寻常：它不是一家运营性的勘探和生产公司，而是一个被动的特许权工具，持有德意志联邦共和国某些石油和天然气特许权中的超额特许权权益。该信托从这些资产的天然气、原油、凝析油和硫磺销售中获得特许权使用费，然后将净现金分配给单位持有人。([sec.gov](https://www.sec.gov/Archives/edgar/data/72633/000007263324000018/tenk2024.htm?utm_source=openai)) 该信托的起源可追溯到North European Oil Corporation和North European Oil Company，后者于1975年9月解散。当时，特许权权利被转移到信托结构中。自那时起，该信托没有进行积极的商业运营。其作用是行政管理：监控特许权收入，核实应付金额，持有并临时投资现金，并在预留预期开支后进行季度分配。实际上，投资者购买的是对遗留特许权现金流的敞口，而不是一家以增长为导向的能源运营商。([sec.gov](https://www.sec.gov/Archives/edgar/data/72633/000114036125047052/ef20061997_10k.htm?utm_source=openai)) 从竞争角度来看，North European Oil Royalty Trust 在公共能源市场中占据了一个狭窄的利基市场。它不与大型综合石油公司在规模、储量替代或资本密集度方面竞争。相反，其吸引力来自于其简单的结构和与特许权收入的直接联系。关键驱动因素是德国的基础生产概况、与埃克森美孚和壳牌历史相关的当地子公司的合同安排，以及影响已实现特许权价值的商品价格动态。对于投资者而言，这意味着该信托最好被视为一个集中、以收益为导向且运营多元化有限的能源资产。([sec.gov](https://www.sec.gov/Archives/edgar/data/72633/000114036125047052/ef20061997_10k.htm?utm_source=openai)) 从地理上看，该信托在公司层面位于美国，但其经济敞口根植于德国。该信托的主要行政办公室位于新罕布什尔州基恩，而基础特许权权益则与德国特许权挂钩。因此，该结构结合了美国上市证券和非美国生产资产，这可能对货币、商品和监管敏感性产生影响。该信托还维护一个面向投资者的网站，并提交定期SEC报告，包括年度和季度文件以及代理材料。([sec.gov](https://www.sec.gov/Archives/edgar/data/0000072633/000114036125047052/ef20061997_10k.htm?utm_source=openai)) 最近的文件表明是连续性而非转型。该信托提交了其2025年年度报告和2026年2月单位持有人会议的后续代理材料，这进一步证实该业务仍然是一个被动的特许权结构，没有活跃的运营部门。对于市场参与者而言，最近最重要的主题不是扩张，而是对德国特许权流和信托季度分配政策的持续依赖。从这个意义上说，投资案例仍然与生产趋势、商品价格以及基础特许权安排的持久性相关。([sec.gov](https://www.sec.gov/Archives/edgar/data/72633/000114036125047052/ef20061997_ex32.htm?utm_source=openai))
