How can I find out if some oil stock 40 shares is worth anything wastaken out in 1963 The TEXAM OIL CORPORATIO

Question

The First National Bank of midland, texas went out of b usiness in 1983. The stock was registered by Mr. Fred middleton of that bank. Can you tell me what to do?

Answer 1

There is no current stock listed under any Texam

http://finance.yahoo.com/lookup?s=Texam&t=S&m=US

but it may have been part of a merger . Try to locate a broker in Midland who would know if it was part of a merger or bankruptcy . Also google kicked up this stuff

http://www.google.com/search?hl=en&q=TEXAM+OIL+CORPORATION&btnG=Google+Search

Answer 2

If you have the certificate (something on paper - which given its age and your question I suspect you do), then all you need to do is open a brokerage account with any broker, then mail them the certificate.

They do the research for you, and then convert the paper certificate to shares held in your account. This is usually FREE - ask them before you mail the certificate. They will explain how the service works and its cost. I adviced a friend to send his Canadian stocks to Ameritrade (where he already had an account) and the checked it out and added them to his account for free.

This benifits you three ways:

1) You find out the answer to your question - what the stock is and if its worth anything

2) You get to sell it if you want, or if you have a margin account, you could borrow against it (which lets you buy more shares, even of another company).

3) You get a trading account, which is useful for buying and selling shares of any publicly traded stock. To get started with stocks in any way, you need an account so you can buy and sell stocks. Having one will let you learn about investing and with some patience and effort, you can make some good money and put it away for your future.

Good luck, and have fun!

Answer 3

Someone selling an old certificate here:

http://www.scripophily.net/texoilcor.html
http://www.oldstockexchange.com/tlist.htm

maybe Ebay...

Answer 4

Try some of these:

Good luck.

Answer 5

http://ecpa.cpa.state.tx.us/coa/Index.html

Try searching here or just undter Texam.