Tribune Oil Corp. - 1960's dated Oil Stock Certificate
Inv# OS2181 Stock
Oil Stock. Eagle vignette with a nice border printed by the American Bank Note Co.
Tribune Oil Corporation, established in Delaware on October 8, 1963, was formed with the sole purpose of acquiring the assets of the Maracaibo Oil Exploration Corporation. In 1964, stockholders of Maracaibo were presented with a proposal for the sale and subsequent liquidation of their company. Each Maracaibo share would be exchanged for cash, Tribune debentures, and the right to subscribe to Tribune stock. Following this transaction, Tribune Oil embarked on the exploration and production of crude oil and natural gas, prioritizing maximizing shareholder value through data-driven operational strategies.
Today, the energy company operates under the name Tribune Resources, dedicated to finding and producing clean-burning natural gas. Notably, Tribune Resources is not owned by hedge funds. The company employs an iterative, data-driven approach to prospecting, drilling, and completing wells. The current largest shareholder is CEO Anthony Billis, with significant holdings also maintained by Evolution Mining Limited and Invesco Ltd. For more detailed information, visit the Tribune Resources website.
A stock certificate is issued by businesses, usually companies. A stock is part of the permanent finance of a business. Normally, they are never repaid, and the investor can recover his/her money only by selling to another investor. Most stocks, or also called shares, earn dividends, at the business's discretion, depending on how well it has traded. A stockholder or shareholder is a part-owner of the business that issued the stock certificates.
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