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.

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Freehold Royalties Ltd

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Post by retiredcfon Dec 11, 2023 12:34pm

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Post# 35778051

Oversold

FRU is one of the 14 stocks. GLTA

The S&P/TSX Composite fell 0.5 per cent for the trading week ending with Friday’s close and is now 8.2 per cent higher for 2024. The benchmark’s Relative Strength Index (RSI) of 64 leaves it in technically neutral territory although much closer to the overbought sell signal of 70 than the technically attractive oversold RSI buy signal at 30.

There are 14 stocks trading below the buy signal this week led by First Quantum Minerals Ltd., Peyto Exploration and Development Corp., Tourmaline Oil Corp., Tamarack Valley Energy Ltd. and Baytex Energy Corp.

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