Source Rock Royalties Declares Monthly Dividend

Source Rock Royalties Declares Monthly Dividend

Source Rock Royalties Ltd. ("Source Rock") (TSXV: SRR), a pure-play oil and gas royalty company with an established portfolio of oil royalties, announces that its board of directors has declared a monthly dividend of $0.006 per common share, payable in cash on April 15, 2024 to shareholders of record on March 29, 2024.

This dividend is designated as an "eligible dividend" for Canadian income tax purposes.

About Source Rock Royalties Ltd.

Source Rock is a pure-play oil and gas royalty company with an existing portfolio of oil royalties in southeast Saskatchewan, central Alberta and west-central Saskatchewan. Source Rock targets a balanced growth and yield business model, using funds from operations to pursue accretive royalty acquisitions and to pay dividends. By leveraging its niche industry relationships, Source Rock identifies and acquires both existing royalty interests and newly created royalties through collaboration with industry partners. Source Rock's strategy is premised on maintaining a low-cost corporate structure and achieving a sustainable and scalable business, measured by growing funds from operations per share and maintaining a strong netback on its royalty production.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy of this release.

Source

SRR:CA
Source Rock Royalties

Source Rock Royalties Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

The Conversation (0)
Source Rock Royalties

Source Rock Royalties


Keep reading...Show less
Elixir Energy

Daydream-2 Stimulation Program Underway

Elixir Energy Limited (“Elixir” or the “Company”) is pleased to provide an operations update on its 100% owned Grandis project located adjacent to the Wallumbilla gas hub in Queensland.

Keep reading...Show less
Oil rig with stock charts overlayed.

ASX Oil and Gas Stocks: 5 Biggest Companies in 2024

Experts are calling for continued price volatility in the global oil and gas market in 2024.

Thanks to factors including Saudi Arabia's voluntary oil production cuts and a drop in US commercial crude oil inventories, Brent crude prices rose to an average of US$94 per barrel this past September. However, concerns over worldwide oil demand growth and rising global inventories pushed prices down to US$78 in December. Heading into the second quarter of 2024, oil prices are riding an uptrend spurred on by rising tensions in the Middle East amid tightening supplies.

Oil prices may be surging, but natural gas prices have been on a sharp decline since November. This shift is particularly evident in mature markets, such as the Asia Pacific region, Europe and North America, which are experiencing reductions in gas demand as they sought alternatives like renewables and pursued improved energy efficiency.

Keep reading...Show less
Rework of a Pre-Existing Oil Well in Southwest Kansas

Rework of a Pre-Existing Oil Well in Southwest Kansas

VVC Exploration Corporation, dba VVC Resources, ("VVC") or (the "Company"), (TSX-V:VVC and OTCQC:VVCVF) announces the rework of a pre-existing oil well in southwest Kansas as a test for oil production in the region.

Initiation of Ardery Oil Well Rework
Building on its experience in natural resource management, especially recent work in Kansas, VVC has leveraged its subsurface mineral rights to examine the feasibility of oil production in an area where the Company is already involved in helium and natural gas production. Through geological due diligence, VVC has confirmed the potential for oil production within the area. This confirmation aligns with historic data indicating over 12 million barrels of oil production directly north of Ardery well site.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Oil barrel and stock chart overlayed on map.

Is Now a Good Time to Invest in Oil Stocks?

Investing in oil stocks can be a lucrative endeavor, but determining the right time to enter a sector known for volatile swings can be tricky.

Over the past five years, the oil market’s inherent volatility has been on clear display. Major declines in consumption brought on by the COVID-19 lockdowns was followed by oil prices surging to US$120 per barrel in mid-2022, as the world economy began to recover and Russia’s invasion of Ukraine led to the consequent sanctions on Russian oil.

However, in the first half of 2023, fears of a global recession gave rise to bearish sentiment over much of the oil sector and pushed prices as low as US$67 during the period. Despite a spike above the US$91 level in Q3, oil prices trended downward in Q4 to dip below the US$70 mark even with conflict escalating in the Middle East.

Keep reading...Show less
Source Rock Royalties

Source Rock Royalties Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

Latest Press Releases

Related News

×