NYSE warns oil trust of potential delisting

Houston-based Pacific Coast Oil Trust (NYSE: ROYT) has joined several other Houston energy companies on the wrong side of the New York Stock Exchange listing standards.

The trust, which is managed by trustee Bank of New York Mellon Trust Co. out of the firm’s Houston office, saw its rolling average stock price drop below $1 per share, which puts it below the minimum price under NYSE rules, according to a press release and a filing with the U.S. Securities and Exchange Commission.

The trust has…