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.

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Freehold Royalties Ltd > BMO

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Comment by DeanEdmontonon Mar 28, 2023 10:14am

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Post# 35364424

RE:BMO

Retired- I agree, not fun too see, but I think BMO is actually a lot closer than many of the other analysts I have been seeing. Luckily I sold off a whole bunch of the oil stocks back in Nov. Should have unloaded all of them but not that worried about Holding Freehold, my last major oil holding. The dividend is grat, no debt, quality properties and the expansion into U.S. lands is working out very well. The one I really wish I had sold off more of is Ensign when it was 4.80 back in May 22. It is having a real hard time getting back anywhere close to that.,

retiredcf wrote: BMO lowered their targets for all 24 energy companies within their coverage. Here are the ones I own that weren't posted yesterday. GLTA

Crescent Point Energy Target Lowered by BMO Capital Markets C$12.00 C$11.00

Freehold Royalties Target Lowered by BMO Capital Markets C$18.00 C$17.00

Headwater Exploration Target Lowered by BMO Capital Markets C$10.00 C$9.00

Precision Drilling Target Lowered by BMO Capital Markets C$140.00 C$115.00

Rubellite Energy Target Lowered by BMO Capital Markets C$3.50 C$3.25

Spartan Delta Target Lowered by BMO Capital Markets C$20.00 C$18.00

STEP Energy Services Target Lowered by BMO Capital Markets C$9.00 C$6.00

Tamarack Valley Energy Target Lowered by BMO Capital Markets C$6.00 C$5.00