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 > Wow nice 3% up today 2.84million

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Comment by malx1on Jun 04, 2024 2:43pm

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Post# 36071708

RE:RE:RE:Wow nice 3% up today 2.84million

newcoin wrote: Canada will cut interest rates, on Wednesday, next week. This will effect the entire Canadian market, especially dividend payers.

FRU has very little debt.

Call it $200mm, or 1x annual FFO at $75 oil.

FRU is not a business that will be impacted by interest rates.

The big guys with big debt, like Telecom, Pipes, Utilities, REITs.

They are the ones who benefit from falling rates.

Nice one's to own: FTS, T, PPL, BEI.un

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