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 > Ruus's Comments

<< Previous

Bullboard Posts

Next >>

Comment by BlueJay2020on Sep 01, 2023 2:56pm

232 Views

Post# 35616562

RE:RE:Ruus's Comments

Cashflow is the key and the payout ratio is 60% - that's pretty conservative and allows them to be able to pay out all the way down to $40 a barrel. Personally, I'd prefer them to have $60 as their cut-off point and bump the dividend accordingly. When you can get close to 6% risk-free, I am looking for close to double-digit distributions for the additional risk profile.

<< Previous

Bullboard Posts

Next >>

BMO evolves InvestorLine with enhanced tools for options trading