Freehold Royalties Ltd T.FRU

FRU in Red

[Bigpond]

FRU.TO is the only oil/gas stock showing red on my screen. Not too sure why it's resisting ahead of the ex dividend date.

[BOMAS]

signal to buy more I would say!

[1condor]

Bigpond..oil and gas stock got ahead of themselves over the past few months...a strong pullback was long overdue...and most are seeing the froth coming off with a 20 to 30+ percent pullback very likely. FRU has always been a conservative play on the sector but divvy is attractive. A pull back to the 9's is likely especially as more supply comes on going into 2022. 

[rico91]

Really!? I see 4th quarter results being great and another dividend hike! Profit takers are doing what they do and weak hands get nervous. This makes for a nice buying opportunity, which I took advantage of today. Rico

[1condor]

Rico...the buying opportunity will get better over the next couple months. Save some powder for it.

[Damn1212]

@ condor More supply from where ? If anything we will see increased demand with stable or decreasing supply especially with current admins energy policy.

[1condor]

Damn1212...More supply from where? OPEC will increase supply in the New Year. Until then expect a nice rollercoaster ride as the traders battle it out.

[Bigpond]

Most oil and gas stocks were up 3% to over 6% today but this one couldn't break the resistance. MEG, CVE, SU, CNQ.

[DaveInvestor59]

This stock has been giving a lousy share price performance for the last few weeks, and today it's really down big-time. Definitely one of the poorer energy performers in the last week.

[financebuff101]

A few observations: 1. FRU should not be compared against other E&P companies, because it is a royalty company.  Its closest peer is PSK, and, to some extent, TPZ. 2. FRU did not end the day that bad.  -6% vs other E&P that closed at -8% or even -9%.  Indeed, it did not match CNQ's -5%, but again, it's a different animal. 3. Buy FRU for the steady eddy behaviour