San Juan Basin Royalty Trust (SJT) is an energy royalty trust that distributes income generated from natural gas and oil production in the San Juan Basin of New Mexico. Unlike traditional exploration companies, SJT doesn’t operate wells—it simply collects royalties from the production of these resources and passes the income along to shareholders. Because of this structure, its payouts tend to fluctuate with commodity prices, making it attractive to income-focused investors, especially during times of rising energy demand.
The stock recently found support at the 0.50 Fibonacci retracement level and closed above the 0.236 line, placing it in the momentum zone. This chart setup, confirmed with strong volume, indicates renewed interest from buyers and suggests the potential for a continued upward move if energy prices remain strong.
The stock recently found support at the 0.50 Fibonacci retracement level and closed above the 0.236 line, placing it in the momentum zone. This chart setup, confirmed with strong volume, indicates renewed interest from buyers and suggests the potential for a continued upward move if energy prices remain strong.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.