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 > takeover or private

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Comment by JayBankson Jun 11, 2024 3:09pm

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Post# 36083277

RE:takeover or private

purse wrote: Im surprised that PSK doesnt buy up FRU based on FRU valuation , their dividend and payout ratio. Way undervalued in comparsion to PSK. Maybe even go private. Thoughts ?

I believe CNR is a significant shareholder in this, I'm pretty sure they funded the start up of it, their rail lines serve Pembina's facilities who transports and loads products both in pipeline and by rail.

I'm sure for a successful bid you would likely need thier support at a significant premium at which point the valuation likely would not look as attractive. This would also make it unlikely to privatization.

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