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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 1.1 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.


TSX:FRU - Post by User

Post by Franman184on Aug 09, 2022 11:40am
162 Views
Post# 34881747

$90 will be the new floor

$90 will be the new floorOPEC Plus is back in control of crude oil and Saudi arabia wants $90 and Russia has agreed to cut up to 3 million barrels a day to help maintain the price. Long Canadian oil and gas companies. You will not get rich over night but long term holders will be rewarded. Us shale can no longer push prices down as tier 1 sites are rapidly declining and $90 does not make it sustanible to drill new wells that take alot longer to return a profit so only single digit production increases by US producers. 
The potential for price to rise quickly above $90 because of an event versus price to drop significantly below $90 is about 10 to 1. 
Just my opinion base on what I have learned. Subject to change with more currrent data. GLTA
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