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Source Rock Royalties Ltd V.SRR

Alternate Symbol(s):  SRRRF

Source Rock Royalties Ltd is a Canada-based oil and gas royalty company with a portfolio of oil royalties in southeast Saskatchewan, central Alberta and west-central Saskatchewan. It owns varying royalties in lands that are primarily producing and prospective for light oil. The primary business of the Company is to receive royalty revenue from oil and natural gas properties as reserves are produced by the operators over the economic life of the properties. The Company is focused on acquiring and managing oil and gas royalties and mineral title interests. It also focuses on acquiring royalties in properties that have foreseeable future drilling potential and which are operated by third parties. It owns mineral interests in two quarter sections of land and a 2% gross overriding royalty (GORR) in approximately 5,800 gross acres of land in southeast Saskatchewan.


TSXV:SRR - Post by User

Comment by BarstoolSageon Feb 16, 2023 5:03pm
226 Views
Post# 35290855

RE:RE:New to this one have not bought in yet

RE:RE:New to this one have not bought in yet Probably smart. Looking at this myself. Like monthly payout like DIV, CHE, GH etc better but some exposure to western Canadian O&G cash flow is not bad at this 8% yield

Good valuation metrics in price to cash flow and price to book 

The operating management performance indicators ..return on assets, equity and investmnent look good too but there is a limited time frame looking back and very recent data shows declines.

Like the low share count of 45mm too

Just pondering from the sidelines




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