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Freehold Royalties Ltd T.FRU

Alternate Symbol(s):  FRHLF

Consumer Cyclical Energy Advertising Agencies Oil & Gas E&P
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

Freehold Royalties Ltd > No Explanation for Oil Decline
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Comment by malx1on Nov 11, 2023 4:37pm
95 Views
Post# 35730414

RE:No Explanation for Oil Decline

RE:No Explanation for Oil Decline
retiredcf wrote:

No one can explain the oil selloff, demand is not the issue: Eric Nuttall

Eric Nuttall, partner and senior portfolio manager at Ninepoint Partners, joins BNN Bloomberg to discuss why the price of crude is below US$80/bbl. He reminds the audience that demand for crude continues to grow. Furthermore, he discusses earnings from Suncor, calling quarterly profit 'phenomenal'. Additionally, he looks at consolidation in Canada's energy sector with Crescent Point buying Hammerhead.

https://www.bnnbloomberg.ca/video/no-one-can-explain-the-oil-selloff-demand-is-not-the-issue-eric-nuttall~2804025



Price action is healthy.   It's the paper market attempting to predict severity of this recession.   Moving targets cause commodity price volatility.   Both directions.  

Once there is belief that recession will end without RE meltdown, oil price will strengthen from $70's.
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