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Brad Docherty

Oct 23, 2026

34:03
For sure.
34:04
Yeah, and like you said, negative reason that oil is higher, but it kind of gives us another opportunity to highlight the positives around Canadian energy and Canadian oil and gas relative to other sources of oil and gas in the world.
34:18
So I think... really a net beneficiary to not only getting strong value for the product, but also, again, being able to highlight the positives of the basin here in Canada.
34:30
You know, and we've been at this for 14 years, building SourceRock Royalties, nine years as a private company.
34:36
and now four and a half years as a publicly listed company.
34:39
So we've seen the ups and downs in the industry.
34:42
And this is really a high point, both in terms of having the balance of all factors in terms of, again, strong price realization, well-positioned industry.
36:24
But am I correct in saying you guys just made a recent acquisition?
AndrewHOST
8:49
And then also some of those growth assets that you're seeing being advanced by some of the counterparties, or at least that there's interest in just talk a little bit about that.
9:00
We have this business set up to kind of benefit from whichever direction oil goes.
9:06
And so, you know, what I mean by that is that, you know, we, Coming out of Q1, we saw at the end of the quarter and following the quarter, you know, the benefit of being a 90% oil-weighted royalty company.
9:19
We're getting the benefit of higher revenue on our existing production when oil spikes.
9:25
We're also, though, benefiting from increases in drilling activity when oil spikes.
9:30
But having said that, when oil pulls back, yes, our barrels are worth less because oil is lower and there's arguably going to be lower drilling activity, but that gives us the opportunity to be an acquirer and obviously continue to diversify and scale the business because we are continuously sitting on a cash balance, which is currently around $4.5 million or 10 cents per share.
9:53
And so again, just to highlight that the volatility to us It has pros and cons, and so we're continuously trying to, again, grow the business from an asset exposure standpoint.
AndrewHOST
14:03
Talk about that strategy.

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