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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

Comment by joebravoon Feb 08, 2024 11:27am
90 Views
Post# 35870047

RE:Looking to Buy Small Position...

RE:Looking to Buy Small Position...Just to add, I'm not too concerned so much with capital appreciation as much as dividend sustainability, but at the same time I wouldn't want to lose the gain on dividends to a drop in share price.

I guess the major concern is global oil prices, albeit, dividend is sustainable even down to a $50 WTI for oil, which I got from reading the Winter Presentation.  Please correct me if I'm wrong.

At roughly 60% Payout Ratio, this seems a great passive income generator.

I'm looking at any share price weakness to purchase shares.  I actually bought a few today.

Thinking that maybe when rates begin to ease June/July, this should have a positive affect on prices.
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