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

Freehold Royalties Ltd

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Post by retiredcfon Jan 31, 2024 7:16am

187 Views

Post# 35854329

Analyst Recommendation

First stock in the clip; he and his family also own it personally. GLTA

https://www.bnnbloomberg.ca/video/alex-ruus-past-picks~2857256

PAST TOP PICK

Freehold Royalties Ltd(FRU-T)

30/01/2024

(A Top Pick Feb 13/23, Down 6%)

Did well in 2021-2, but sideways in 2023 despite fundamentals improving. Pays a safe 7.8% dividend yield as they build free cash flow. Costs of production are only $5/barrel. Likely is the cheapest royalty company in North America. Downside is $12, while he targets as high as $30.

Financial Services

Alex Ruus

$14.120

Owned

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