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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Post by retiredcfon Sep 14, 2024 6:32am

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Post# 36223582

Nuttall's Comments

Spoke to him again yesterday at the Toronto MoneyShow. He and his family also own FRU personally. GLTA

Freehold Royalties (FRU TSX)

Yielding 8.2 per cent sustainable down to $55 WTI and with 10-15 years of stay-flat inventory, Freehold is trading at the same multiple of a traditional E&P business despite having the advantages of being a royalty company. While a sleepy name lacking an immediate rerate catalyst, we think the potential for renewed growth on its U.S. acreage given two-thirds of its Permian acreage now lies with Exxon and Diamondback is being overlooked. With its close peers trading at twice the valuation, we think the stock is undervalued and should be benefitting like infrastructure and utility stocks by lowering interest rates.

TOP PICK
Freehold Royalties Ltd(FRU-T)
13/09/2024

Defensive name that he has a 10% position in (income fund). Royalty paying 8% yield to investors. Doesn't trade at same multiple as PrairieSky Royalty. Excellent acreage in the USA and Canada. Great long term investment.

Financial Services

Eric Nuttall
$13.430
Owned