RE:RE:RE:RE:Looking to Buy Small Position...I did the same thing for a few years, before I took the dive in Sept 2021 at under $10, since then I've had a over 50% total return on my holdings. I've been meaning to add to my holdings here, I just haven't had the free capital to do so.
Ive been expecting anouther divided hike for a year, as they are at the bottom of thier target return guidance as per the payout ratio, but instead they have been adding to the portfolio with the excesses FCF while they seem to be getting good pricing. At some point, they will throw it at us, and rather significantly if the oil price sustains $85+ for a while. It's just a waiting game.
Freehold isn't the only name in O/G royalties to check out, Topaz and Source Rock are also worth looking at.