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 > Looking to Buy Small Position...

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Comment by joebravoon Feb 08, 2024 11:27am

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Post# 35870047

RE:Looking to Buy Small Position...

Just to add, I'm not too concerned so much with capital appreciation as much as dividend sustainability, but at the same time I wouldn't want to lose the gain on dividends to a drop in share price.

I guess the major concern is global oil prices, albeit, dividend is sustainable even down to a $50 WTI for oil, which I got from reading the Winter Presentation. Please correct me if I'm wrong.

At roughly 60% Payout Ratio, this seems a great passive income generator.

I'm looking at any share price weakness to purchase shares. I actually bought a few today.

Thinking that maybe when rates begin to ease June/July, this should have a positive affect on prices.

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