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Freehold Royalties Ltd T.FRU

Alternate Symbol(s):  FRHLF

Freehold Royalties Ltd. is a Canada-based royalty company. The Company manages non-government portfolios of oil and natural gas royalties in Canada with an expanding land base in the United States. Its primary focus is to acquire and actively manage royalties, while providing a lower risk income vehicle for its shareholders. Its total land holdings encompass approximately 6.2 million gross acres in Canada. It has royalty interests in more than 19,000 producing wells and almost 400 units spanning five provinces and eight states and receives royalty income from over 360 industry operators throughout North America. It has two geographical segments: Canada, which includes exploration and evaluation assets and the petroleum and natural gas interests in Western Canada, and US includes petroleum and natural gas interests primarily held in the Permian (Midland and Delaware), Eagle Ford, Haynesville and Bakken basins largely located in the states of Texas, Louisiana, and North Dakota.


TSX:FRU - Post by User

Post by DeanEdmontonon Nov 23, 2022 9:52am
238 Views
Post# 35121414

GREAT Run in the last 24 months

GREAT Run in the last 24 monthsGiven the spectacular rise in this share I am amazed there are still so many whining and crying about the outcomes. Dividends need to keep being increased as cashflow allows, but diverting some of that into buying up quality land has been a great initiative. FR was roundly criticised for buying U.S. property, but that move is certainly working out well, especiallysince they bought stuff near the bottom. This is a nice income stock, with what has been a great capital appreciation to date. It has grown so much that I am going to have to trim it to get back into proper balance, but that kind of trimming is really a VERY good thing.

I have no real idea where the top is but buying it at $5 and a bit and sellinga wack at $18 is not real hard to put up with. Biggest issue is to find something worthy to put the extra cash into.
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