Category Archives: BK Watch

BK Watch: Enduro Resource Partners

According to the Fort Worth Star-Telegram, Enduro Resource Partners filed for bankruptcy reorganization on May 17, 2018.

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In the article, it was mentioned that Enduro Royalty Trust (NDRO) was not included in the bankruptcy proceedings.  Below is the adjusted and unadjusted price of NDRO since inceptions.

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The adjusted price has declined by –59%.  However, since the January 21, 2016 low, NDRO has increased +211%.  It is worth noting that the decline in NDRO preceded the decline in West Texas Intermediate Oil (WTI), which did not collapse until mid-2014.