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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Comment by Jimpossibleon Jan 03, 2016 4:40pm

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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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