PrairieSky Royalty: Trading At 16x FFO, I’m On The Sidelines (TSX:PSK:CA)

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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 butOTCPK:PREKFpremium valuationFreehold RoyaltiesSource Rock RoyaltiesSRR:CA

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