Kevin Brine/iStock Editorial via Getty Images All values are in CAD unless noted otherwise. Diversified Royalty Corp. (OTCPK:BEVFF, TSX:DIV:CA) earns royalty and management fees from varied businesses across North America. Its royalty roster includes well-known names like Mr. Lube, AIR MILES, Sutton, Mr. Mikes, Nurse Next Door, Oxford Learning Centres, and BarBurrito. The latter was…
krblokhin/iStock Editorial via Getty Images The recent confusion over the 2024 CAPEX plans by Blackbeard Operating seems to have more of an impact on Permian Basin Royalty Trust (NYSE:PBT) units than the swings in either oil or natural gas prices. After soaring over the last few years because of increased CAPEX, underlying oil production seems…
mabus13/E+ via Getty Images The Q1 earnings season for the precious metals sector has finally ended and one of the most recent companies to report its results was EMX Royalty (NYSE:EMX). Like many other royalty/streaming companies that benefited from being insulated from inflation, EMX had a phenomenal year, reporting record adjusted revenue and other income…
Lithium Royalty Corp. (OTCQX:LITRF) Q4 2023 Earnings Conference Call March 28, 2024 9:00 AM ET Company Participants Jonida Zaganjori – Vice President-Investor RelationsErnie Ortiz – President and Chief Executive OfficerDominique Barker – Chief Financial Officer and Head-Sustainability Conference Call Participants Eric Zhang – CitiBen Isaacson – ScotiabankDavid Deckelbaum – TD CowenMac Whale – Cormar SecuritiesBrian…
Koshiro Kiyota/iStock Editorial via Getty Images Note: All amounts referenced are in Canadian dollars. Stock price referenced is from TSX and not the USD OTC price. You can bid up anything to any price. You can throw rational multiples out and move to “this time is different”. That almost always means poorer returns from that…
Thinkstock This article was coproduced with Leo Nelissen. It’s time to talk about a very important topic: value investing in the oil and gas industry. Generally speaking, we have become much more conservative when it comes to growth versus value investments, as the market has run hot in recent months. Using the JPMorgan (JPM) data…
Kimbell Royalty Partners, LP (NYSE:KRP) Q4 2023 Earnings Conference Call February 21, 2024 11:00 AM ET Company Participants Rick Black – IR Bob Ravnaas – Chairman & CEO Davis Ravnaas – President & CFO Blayne Rhynsburger – Controller Matthew Daly – COO Conference Call Participants Neal Dingmann – Truist Securities Jon Mardini – KeyBanc Capital…
zhengzaishuru/iStock via Getty Images Kimbell Royalty Partners (NYSE:KRP) is now projected to have a quarterly distribution that averages in the mid-40s cents per unit in Q4 2023 and 2024 with a 75% payout ratio. This is a bit lower than the $0.51 per unit distribution for Q3 2023, due to weaker oil prices and increased…
Dilok Klaisataporn Introduction It’s been over three months since I’ve written about a gold mining company and today, I want to talk about Vox Royalty (NASDAQ:VOXR) (TSX:VOXR:CA). It’s a small royalty and streaming firm focused on Australia that has several producing assets already. With gold prices stabilizing just above $2,000 per ounce, I think there…
murat4art Introduction I like oil and gas, and one of the lower-risk ways to have exposure to the prices of energy commodities is by buying royalty companies. Royalty companies tend to have a reasonably high up-front cost when they acquire new royalties but that’s a sunk cost and there usually are no follow-up investments required….
Funtay/iStock via Getty Images Just over six months ago, I wrote on Metalla Royalty & Streaming (NYSE:MTA), noting that there was zero reason to chase the stock at US$5.70 per share. This is because the stock was fully valued at over 1.0x P/NAV, timelines were looking like they’d be pushed on key projects, and we…
Just_Super All values are in USD unless noted otherwise. As its name suggests, the bread and butter of Lithium Royalty Corp. (OTCPK:LITRF, TSX:LIRC:CA) is royalty income. The LIRC portfolio comprises 34 royalty interests in 32 mining properties located in the Americas, Australia, and Europe. Dec 2023 Presentation This Canadian business began operations in 2018 and…
zhengzaishuru In 2020, I recommended purchasing Sabine Royalty Trust (NYSE:SBR), as I considered the plunge of the stock due to the pandemic overblown. The stock nearly tripled in the following two years. However, about a year ago, I recommended selling the stock due to its high cyclicality and my expectations for lower oil and gas…
Elena Bionysheva-Abramova/iStock via Getty Images The Q3 Earnings Season has come to an end and one of the first companies to report its results was Gold Royalty Corporation (NYSE:GROY). Overall, the company had a better quarter sequentially with a lower adjusted net loss and much higher total revenue and land agreement proceeds, as well as…
Gold Royalty Corp. (NYSE:GROY) Q3 2023 Earnings Conference Call November 15, 2023 11:00 AM ET Company Participants Joanne Jobin – IR.INC, Investor Relations David Garofalo – Chief Executive Officer, President, Chairman and Director Peter Behncke – Manager, Corporate Development and Investor Relations Andrew Gubbels – Chief Financial Officer Joanne Jobin Good morning. I’m your host,…
Florence and Joseph McGinn All values are in CAD unless noted otherwise. We have covered Diversified Royalty Corp. (OTCPK:BEVFF) (TSX:DIV:CA) fairly regularly on this platform. This is partly because we have skin in the game, in the form of debt ownership, but also because this business has grown at a fair pace over the last…
Alaris Royalty Corp. (OTC:ALARF) Q3 2023 Earnings Conference Call November 9, 2023 11:00 AM ET Company Participants Amanda Frazer – Chief Financial Officer Steve King – President & Chief Executive Officer Conference Call Participants Gary Ho – Desjardins Nikolaus Priebe – CIBC Capital Markets Jeff Fenwick – Cormark Operator Good day, and thank you for…
Kimbell Royalty Partners, LP (NYSE:KRP) Q3 2023 Earnings Conference Call November 2, 2023 11:00 AM ET Company Participants Rick Black – IR Bob Ravnaas – Chairman and CEO Davis Ravnaas – President and CFO Matthew Daly – COO Blayne Rhynsburger – Controller Conference Call Participants Derrick Whitfield – Stifel John Abbott – Bank of America…
PrairieSky Royalty Ltd. (OTCPK:PREKF) Q3 2023 Earnings Conference Call October 24, 2023 8:30 AM ET Company Participants Andrew Phillips – President & Chief Executive Officer Pam Kazeil – Chief Financial Officer Conference Call Participants Aaron Bilkoski – TD Cowen Jamie Kubik – CIBC Jeremy McCrea – Raymond James Patrick O’Rourke – ATB Capital Markets Operator…
mysticenergy About three years ago, I stated that Cross Timbers Royalty Trust (NYSE:CRT) could double over the following two years, as its stock price had been beaten to the extreme amid the coronavirus crisis. The stock doubled in just 15 months and doubled once more later thanks to the Ukrainian crisis, which led the prices…
rticknor Introduction On August 11, 2023, the Vancouver, British Columbia-based Canadian Metalla Royalty & Streaming Ltd. (NYSE:MTA) announced its operating and financial results for the second quarter of 2023. Also, on September 8, 2023, the company announced its merger with Nova Royalty Corp. (NOVR:CA) (OTCQB:NOVRF). Brett Heath, President and CEO of Metalla, stated: We are…
Jeremy Poland North European Oil Royalty Trust (NYSE:NRT) owns rights to royalties from a concession of oil and gas extraction in Oldenburg. Their performance this year was negatively impacted by YoY price declines and some maintenance projects that hit volumes. We think that run-rate incomes understate the potential picture as we approach winter, but still…
bjdlzx Freehold Royalties Ltd. (TSX:FRU:CA) is a pure play oil and gas company that owns assets throughout North America. The company is a major player in the Permian and Eagle Ford basins as well as throughout the Canadian prairies. The important aspect to note is the company is completely royalty based, letting many of the…
ogichobanov/iStock via Getty Images EMX Royalty (NYSE:EMX) is a precious metals R&S company with an attractive valuation compared to the industry standards, a large asset portfolio, one of the biggest in the industry, and good growth prospects. However, over the last 20 months, its share price has been negatively affected by a dispute with Zijin…
RHJ Source: Own Processing Precious metals royalty and streaming companies represent a very interesting sub-industry of the precious metals mining industry. They provide some leverage to the growing metals prices, similar to the typical mining companies; however, they are less risky in comparison to them. Their incomes are derived from royalty and streaming agreements. Under…
Royalty Pharma plc (NASDAQ:RPRX) Q2 2023 Earnings Conference Call August 8, 2023 8:00 AM ET Company Participants Pablo Legorreta – Chief Executive Officer Marshall Urist – Executive Vice President, Head of Research and Investment Terrance Coyne – Executive Vice President, Chief Financial Officer Chris Hite – Executive Vice President, Vice Chairman George Grofik – Head…
Alaris Royalty Corp. (OTC:ALARF) Q2 2023 Earnings Conference Call August 3, 2023 11:00 AM ET Company Participants Amanda Frazer – Chief Financial Officer Steve King – President & Chief Executive Officer Conference Call Participants Nik Priebe – CIBC Capital Markets Gary Ho – Desjardins Jeff Fenwick – Cormark Zachary Evershed – National Bank Financial Operator…
zhengzaishuru Kimbell Royalty Partners (NYSE:KRP) just announced a large $455 million acquisition that should further boost (at least in the near-term) its distributable cash flow. I project that it can now generate $2.51 per unit in distributable cash flow in 2024 at current strip, which would result in a 13.1% yield at its current unit…