Freehold Royalties Limited (Freehold) is a Canada-based oil and gas company. The Company’s focus is acquiring and managing oil and gas royalties. Freehold is directly and indirectly involved in the development and production of oil and natural gas, predominantly in western Canada. Freehold receives revenue from properties as oil, natural gas, and potash are produced. Freehold has a diverse production base, with interests in more than 30,000 oil and natural gas wells throughout western Canada. Freehold has oil and natural gas interests in producing and non-producing lands located in British Columbia, Alberta, Saskatchewan, Manitoba, and Ontario. The Company’s operations are managed by a wholly owned subsidiary of Rife Resources Ltd. The Company’s subsidiaries include Freehold Resources Ltd. and Freehold Resources Ltd. In May 2014, the Company acquired royalty interests in southeast Saskatchewan and Manitoba.
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Freehold Royalties Ltd (TSX: FRU) gives you a stake in thousands of oil and gas wells throughout western Canada without having to own an acre of land.
To put it simply, Freehold is set up to finance oil-producing wells, collect royalties from their production, and distribute those royalties to shareholders. Because the firm pays no drilling expenses, its cost of revenue is virtually zero. This business model allows Freehold to generate enormous operating profit margins between 40% and 50%… much higher than your typical oil company.
This means the stock is absolutely gushing dividends. Today, Freehold pays a monthly distribution of 12.86¢ per share. That comes out to an annualized yield of 6.7%.
Quelqu'un possède cette compagnie et pourrait nous en dire plus. Les marges sont très élevées, peu de dettes, le dividende est important mais semble durable à long terme.