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

Freehold Royalties Ltd

Bullboard Posts

Comment by borne2runon Mar 26, 2020 9:18pm

199 Views

Post# 30851572

RE:Dividend cut

Dividend was reduced to 4 cents in 2015; I could see Freehold Royalties cutting it back to 2 or 2.5 cents per month.

Over the past 15+ years, Freehold has traded at approx 10 times the annual dividend.
A monthly dividend of 2.5 cents would imply a stock price of $3.
When investors start to anticipate the oil price returning to more normal levels, the stock price will rise.

Bullboard Posts

BCG-Unresponsive Non-Muscle Invasive Bladder Cancer Carcinoma-In-Situ: A Patient's Guide