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

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Post by retiredcfon Dec 15, 2024 1:20pm

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Post# 36363170

Another Reaction

Is the purchase announced positive for FRU and do you consider it to be a buy at its current price?

The bought deal is in conjunction with an acquisition, which looks good. The acquisition is immediately accretive. The balance sheet will have debt/cash flow at 1.1X, which is quite acceptable and below the company's target. Decent growth is expected next year. For investors comfortable with the cyclicality of the sector, we would be fine buying the deal for a high yield and potential growth in a sector recovery. (5iResearch)

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