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Source Rock Royalties Ltd V.SRR

Alternate Symbol(s):  SRRRF

Source Rock Royalties Ltd is a Canada-based oil and gas royalty company with a portfolio of oil royalties in southeast Saskatchewan, central Alberta and west-central Saskatchewan. It owns varying royalties in lands that are primarily producing and prospective for light oil. The primary business of the Company is to receive royalty revenue from oil and natural gas properties as reserves are produced by the operators over the economic life of the properties. The Company is focused on acquiring and managing oil and gas royalties and mineral title interests. It also focuses on acquiring royalties in properties that have foreseeable future drilling potential and which are operated by third parties. It owns mineral interests in two quarter sections of land and a 2% gross overriding royalty (GORR) in approximately 5,800 gross acres of land in southeast Saskatchewan.


TSXV:SRR - Post by User

Post by Lenardon May 07, 2022 10:28am
541 Views
Post# 34664358

New Kid on the Block

New Kid on the BlockI find this to be a very interesting stock. A new kid on the block with a lot of upside and potential. They have money in the bank and no debt. As they expand the mineral rights base and have more exploration companies sign on the income will increase and hense the dividend payout. A few others started the same way and are bigger players today. If there was a great deal of risk the CNR would not have purchased 28% of the stock.
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