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 > Analyst Recommendation

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Comment by dogatcaton Oct 05, 2023 5:01pm

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Post# 35671981

RE:RE:RE:RE:RE:RE:Analyst Recommendation

And Eric's current thesis on energy stocks is 100% factual.

They don't need sentiment to change. They are going to have enough FCF to buy back their own stock and increase share prices without any additional investment required. They can shove their ESG up their bums because stocks like Freehold, Whitecap, Baytex, Athabasca, and MEG, will just buy back gobs of stock and the price per share will follow upwards.

Eric is saying $100 oil is coming but it is really unecessary for these stocks to buy back their production. If the market stays over $75 WTI, these companies are awash in cash.

It all makes pefect sense and this looks like it is playing out just as Eric predicted.

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