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.

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Freehold Royalties Ltd > From National bank financial -Disappointed on DiD outlook

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Post by Hull534on Mar 02, 2023 12:48pm

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Post# 35315443

From National bank financial -Disappointed on DiD outlook

Uses of Cash
Freehold strengthened the balance sheet post Q3 acquisitions, reducing
net debt by ~$32 million. We continue to expect the majority of FCF will
be earmarked for debt reduction, leaving flexibility to evaluate business
development opportunities throughout 2023. Based on our current commodity
price assumptions, our 2023E payout ratio of 57% implies little room for any
material dividend growth given the company's 60% target

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