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Bullboard - Stock Discussion Forum 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... see more

TSX:FRU - Post Discussion

Freehold Royalties Ltd > Freehold replaces Hydro One as a top pick
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Post by kijiji on Apr 05, 2022 9:44am

Freehold replaces Hydro One as a top pick

 

 Freehold replaces Hydro One as a top pick

iA Capital Markets analyst Matthew Weekes added Freehold Royalties to his firm's "2022 Top Picks" list for the second quarter, replacing Hydro One.  David Leeder writes in the Eye On Equities column that Mr. Weekes is maintaining his recommendation for Freehold at "strong buy" and share target at $19. Analysts on average target the shares at $18.39., Mr. Weekes says in a note: "We believe Freehold offers compelling relative valuation to peers, with the lowest leverage in the sector and unique U.S. exposure, which provide an additional layer of diversification and business sustainability. Based on our commodity price sensitivity analysis, Freehold's debt will be fully repaid by midyear at current commodity prices, assuming no acquisitions. However, we believe that Freehold will continue to pursue acquisitions, focusing on U.S. acreage and taking a patient approach that seeks reasonable valuations while near-term organic production growth is generated from existing acreage. Finally, our sensitivity analysis indicates that Freehold's dividend, which is currently yielding more than 6 per cent, is sustainable at low oil prices."

Comment by malx1 on Apr 05, 2022 2:14pm
The BNN crowd now just realizing that there is good value in Alberta-based resource exposure.  FRU will be $20+ and PEY will be close to $30 in 2yrs time. Money has just started to move back to these names. Don't forget Gamehost too.  GH Solid
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