Freehold Royalties (OTCPK:FRHLF) said Thursday it agrees to acquire U.S. Midland Basin and Eagle Ford Basin assets from two private sellers for a combined C$155M.
Freehold (OTCPK:FRHLF) expects the acquisitions will add 1,100 boe/day in production volumes and $31M in funds from operations in 2023 while increasing its U.S. land holdings by 147K gross acres and 8K net royalty acres.
Freehold Royalties (OTCPK:FRHLF) "currently sports an 8.1% dividend yield that is well supported by operating cash flows," Macrotips Trading writes in a bullish analysis newly published on Seeking Alpha.