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 1.1 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.

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Freehold Royalties Ltd

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Post by gimlimikeon Oct 19, 2014 8:01am

613 Views

Post# 23041404

Oil price effect on share price

By all acounts the recent drop in oil prices has very little effect on FRU ability to pay the dividend. As a legacy land holding company involved in little drilling themselves thier royalties keep coming in whether oil is 125 or 80 per barrell. Seems to me that this one is being thrown out with the bathwater but is still the cleenest baby in the bunch. I think this is a great buy in opportunity to reap a safe dividend thats allmost 8%

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