PrairieSky Royalty Ltd

PSK

Equity

ISIN CA7397211086 / Valor 24259909

Toronto Stock Exchange (2024-12-24)

CAD 28.07+1.08%

PrairieSky Royalty Ltd
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About company

PrairieSky Royalty Ltd., listed on the Toronto Stock Exchange under the ticker PSK, operates as a pure-play royalty company within the energy sector. The company's business model revolves around generating royalty revenues from the production of petroleum and natural gas across its extensive portfolio of royalty properties, which cover approximately 18.3 million acres across Western Canada, from Northeast British Columbia to Western Manitoba. PrairieSky boasts the largest independently owned collection of fee simple mineral title and oil and gas royalty interests in Canada, comprising around 9.7 million acres of fee simple mineral title lands and 8.6 million acres of gross overriding royalty interests. Unlike traditional energy companies, PrairieSky does not engage in direct exploration, development, or production activities. Instead, it capitalizes on its royalty lands by allowing third parties to develop these properties, thereby incurring no direct operational costs or expenses. This strategy enables PrairieSky to generate significant free cash flow through indirect third-party oil and gas investments, maintaining a low-risk and low-cost profile. The company aims to deliver substantial cash flow and growth to its shareholders by focusing on leasing activities, organic growth of royalty production revenue, and strategic business development opportunities, while also managing its portfolio to ensure compliance with lease terms and contractual provisions.

Summarized from source with an LLMView SourceSector: Energy

Latest Results ():

Summarized from source with an LLMView Source

Key figures

18.5%1Y

109%3Y

84.2%5Y

Performance

22.1%1Y

26.0%3Y

36.8%5Y

Volatility