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

Freehold Royalties Ltd

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Comment by Jimpossibleon Jan 03, 2016 4:40pm

183 Views

Post# 24426197

RE:RE:FRU.T Top Pick on BNN

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Greetings, you asked "What happens if Penn West defaults? They have royalties with them"
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If I'm not mistaken, the royalties are attached to the oil wells, not to the company (pwt).
Even if Penn West goes bankrupt, into receivership, gets sold, or whatever, someone will own the wells, and they will probably be producing, and the royalties will get paid.

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