FRHLF contraction as oil basesOil looks to have bottomed or is close, I expect this gorgeous contraction to end up bullish. I hold this royalty company in my long-term account and have started to average in more aggressively here. My target is 14$, the dividend is a nice setup here. The company is not exposed to the same risks as oil companies because they simply own the land other companies drill upon and collect royalties.
0UWL trade ideas
FRHLF price target and structureFRHLF is a stock I have been looking to accumulate to add to my recession core dividend portfolio. The stock carries a strong dividend and offers strong indirect exposure to the oil market. The dividend is safe until about 50$ a barrel for oil which is possible but unlikely. The fib extension provides a potential price target of 16-17$ in the coming months and this wedge makes me more bullish.