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 > Canaccord reiterates guidance and $18 target

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Comment by EstevanOutsideron Dec 18, 2024 8:39am

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Post# 36367717

RE:RE:Canaccord reiterates guidance and $18 target

fru divy is not safe here over the medium term. i predict an 84% payout ratio for Q4.

but the biggest risk is that shale E&P slow down drilling and production eventually falls.

i think the market multiple discount is reflecting some of those risks.

freehold needs higher oil prices next year or the risks go up more.

also unlike prairiesky, fru's debt levels are increasing alone with the sharecount.

i am not getting involved at this point.

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