bullish
Falcon Minerals: High Quality Royalty Trust at a 30% Discount
SUMMARY
- Falcon Minerals (FLMN) is a royalty trust whos primary asset was the Karnes trough in the Eagle Ford shale
- This is one of the lowest breakeven oil reservoirs in the US with a 10+ year drilling inventory with high quality large operators
- It seems to have mostly traded at a discount to other royalty trusts. Probably because it has a much smaller asset base, and management with a spotty track record.
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