Q: Pat, may I have your thoughts on PrairieSky Royalty? Yes, I know the current price is below $10.00, but that is one of the things that interests me. Thanks.
A: PrairieSky Royalty Ltd., $9.63, symbol PSK on Toronto (Shares outstanding: 232.6 million; Market cap: $2.2 billion; www.prairiesky.com), owns oil and natural gas rights on 7.8 million acres in Western Canada. It does not drill wells or explore for new reserves. Instead, it collects royalties… Read More