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Freehold Royalties Ltd T.FRU

Alternate Symbol(s):  FRHLF

Freehold Royalties Ltd. is a Canada-based royalty company. It manages non-government portfolios of oil and natural gas royalties in Canada with a sizeable land base in the United States. Its segments include Canada and the United States. Canada segment includes exploration and evaluation assets and the petroleum and natural gas interests in Western Canada. The United States segment 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, North Dakota and New Mexico. Its total land holdings encompass approximately 6.1 million gross acres in Canada and approximately 1.2 million gross drilling acres in the United States. The Company also have gross overriding royalty (GORR) and other interests in approximately five million acres. It has royalty interests in close to 21,000 producing wells and almost 500 units spanning five provinces and eight states.


TSX:FRU - Post by User

Bullboard Posts
Post by PUNJABIon Oct 10, 2014 10:32am
367 Views
Post# 23018242

Death cross in matter of days

Death cross in matter of daysWe have 52 week low. As correction continues chances are we will see further lows with few dead cat bounce as the sector is very sold. The 50 sma is very close to breaking below 200 sma. The stock has multi year strong base around $17.30 which should be a good entry point if it ever gets there.  If the oil remains weak for a while then most likely it will break below $20.  Everything is based on oil price.

Once the oil settles & the correction is over. This would  be good pick for energy sector. Nice dividend. They have relatively less exposure to oil price & most of the  income is from royality. At this time the stock is droping at the same pace & mommentum as other oil producers.






Bullboard Posts