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

Freehold Royalties Ltd > Q2 earnings

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Comment by Divyproon Aug 11, 2022 1:43pm

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Post# 34888909

RE:RE:RE:RE:RE:RE:RE:RE:Q2 earnings

PSK is only 56% oil/liquids with a net back of $80.44 in Q2. Aeco natural gas average $7.24/mcf.

FRU is 61% oil/liquids with a net back of $78.80 in Q2.

The differences in liquids % is negligible. The higher US natural gas prices for FRU are offset by the higher heavy oil percent that FRU has. So the difference in net backs are negligible.

What changes it for me to favour FRU is current Canadian natural gas prices (CDN$4-$4.50/Mcf) in Q3 are very low compared to the US (CDN$9-$9.50/mcf).

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Two micro-cap stocks with strong fundamentals