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.

TSX:FRU - Post by User

Freehold Royalties Ltd > Sold out Fast

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Comment by downwithdotcom1on Dec 09, 2024 5:15pm

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Post# 36353569

RE:Sold out Fast

great news for shareholder maybe...just might be one of those rare bought deal reactions where the shareprice doesn't go below the offer price, still most do and then its how fast the recovery is...the last one i was involved with was Hudbay T:HBM . The bought deal was a hefty 8% below the then trading price which was at/near 52 week highs. The stock was down 15% interday trading before recovering. This was 6 months ago and HBM has somewhat recovered but not fully in spite of record gold prices and copper hanging in...easy come, easy go...dwdc

PS thought that i heard "bought deals" are all but illegal on US exchanges...anyone validate???

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