Freehold Royalties Ltd (FRU-T)

A solid pick over some of the other Canadian royalty names. He wants more risk now, as that's where the opportunities are. He wants names that have sold off aggressively, with a good dividend and a bias to grow that. He wants more leverage to a more bullish oil price. See his Top Picks.

Fine. Has asset growth, but you're paying a premium on royalty companies, so he prefers the producers like CPG or Baytex.

He likes natural gas producers now, with commodity prices depressed by temporary factors, but won't effect the western Canadian producers which will benefit to export pricing. Likes FRU long term with less risk than an outright producer. Pays a 7% dividend yield.

Royalty companies like Freehold and Topaz have high yields of 6% to 7%. For exposure to energy they provide lower risk but still have some exposure to the upside and downside of the commodities. If you want to buy a producer with greater risk you could look at Headwater, Whitecap or Arc Energy.

Fine, good income. Lots of potential growth. Valuations are higher on the royalty companies. He'd rather roll with the producers, heavy oil or core oil, with 3-4x operating cashflow. They also have a lot more ability to pay out. Whereas royalty companies are 6-8x, just for a better and more consistent payout ratio and not as much operational risk. Yield is about 7%.

Is under pressure with a low in March. Underperforming the markets. Expect more selling. Will be rangebound at $15-16.50

Does not own shares.
Better opportunities in mid-cap oil weighted names.
Quality company with assets in USA.
Trading at discount to other names in sector (PrairieSky etc.)

Excellent business model.
No liabilities with zero well bore liabilities. 
Cheapest energy royalty company available right now.
~7% dividend yield with very low trading multiples.
Very high quality assets. 
Very defensive stock to own. 

Dividend plus share price appreciation. Safer, more conservative way to get into oil & gas. Will continue to do well. Yield still over 6%.