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Prairiesky Royalty Ltd T.PSK

Alternate Symbol(s):  PREKF

Energy Oil & Gas E&P
PrairieSky Royalty Ltd. is a Canada-based royalty company. The Company has a geologically and geographically diverse portfolio of fee simple mineral title (Fee Lands), lessor interests in and to leases that are issued in respect of certain Fee Lands (Lessor Interests), crude oil and natural gas overriding royalty interests, gross overriding royalty interests, net profit interests and production payments on lands (GORR Interests) and other acreage spanning Alberta, Saskatchewan, British Columbia and Manitoba (the Royalty Properties). The Company is focused on encouraging third parties to actively develop the Royalty Properties, while strategically seeking additional petroleum and natural gas royalty assets that provide the Company with medium-term to long-term value enhancement potential. The Company’s operations include royalty income earned through crude oil, natural gas liquids (NGL) and natural gas produced on the Royalty Properties.


TSX:PSK - Post by User

Prairiesky Royalty Ltd
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Post by Dibah420on Jul 19, 2022 2:10pm
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Post# 34834984

BMO

BMO
BMO Capital Raises Target on PrairieSky Royalty to $25, Keeps Outperform
 
19 Jul 2022 13:42 ET  

01:42 PM EDT, 07/19/2022 (MT Newswires) -- BMO Capital has reiterated its Outperform rating and raised its one year target on PrairieSky Royalty to $25 (from $23).

The beat on production was meaningful and primarily driven by elevated activity levels and a strong contribution from Q1 drilling, analyst Mike Murphy notes.

Murphy continues to see debt reduction as the priority for free cash flow, although he expect the company to be active on the buyback front with a potential dividend increase within the next ~6 months.

(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)

Price: 18.97, Change: +1.47, Percent Change: +8.40

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