Royalty Companies

All about Royalty Companies.

Each archive contains the following sections: General, YouTube, Write-Ups, Tweets, Podcasts, and Miscellaneous.

As I come across a relevant piece, it will be added.

Happy perusing.

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Last Updated: 06/05/22

“The best business is a royalty on the growth of others, requiring little capital itself.”

- Warren Buffett

General

• What are Mineral Rights and How Do They Work?

• Brigham Minerals: Minerals 101

• Sandstorm Gold Royalties: How a Gold Royalty Works

• Visual Capitalist: How Precious Metals Royalty and Streaming Companies Create Value

• Warren Buffett 1997 Email Exchange on Microsoft

• Minerals, Surface Rights and Royalty Payments (Texas A&M University)

• Mineral Rights FAQ (Michigan)

• Importance of Mineral Rights and Royalty Interests for Rural Residents and Landowners

YouTube

• Andrew Carreon from Emeth Value on Blackstone Minerals $BSM

• James Davolos Joins Keith McCullough | 1-On-1 Real Conversations

• Murray Stahl & James Davolos | Why Inflation Hedging Is Critical

Write-Ups

• Emeth Value: Black Stone Minerals (BSM) BSM 0.00%↑

• Wedgewood Partners: Texas Pacific Land Trust (TPL) TPL 0.00%↑

• Horizon Kinetics: Inflation Beneficiaries ETF INFL 0.00%↑

• Value Investor’s Club: Viper Energy Partners (VNOM) VNOM 0.00%↑

• Value Investor’s Club: Falcon Minerals (FLMN) STR 0.00%↑

• Value Investor’s Club: Kimbell Royalty Partners (KRP) KRP 0.00%↑

Falcon Minerals

Tweets

Abdulla E Fakhro @abdullaefakhro

Blown out of the water by the royalties companies.. Market cap / employee: $780m Franco Nevada $FNV (35 employees) $474m Wheaton Precious Metals $WPM (39) $106m Texas Pacific Corp $TPL (94) Even more juicy are their EBITDA margins (ltm): FNV: 84.3% WPM: 51.0% TPL: 81.3% iykyk

Tom Gardner @TomGardnerFool

MARKET CAP PER EMPLOYEE (in millions) $42 Upstart $39 Nvidia $33 Netflix $27 Shopify $17 Tesla $16 Apple $16 Intuit $14 Microsoft $14 Meta $13 Google $4 Pfizer $2 Peloton $0.7 GE $0.4 Ford $0.3 IBM $0.2 Xerox Any observations?

thepupil @thepupil11

my energy investing "philosophy" I don't know anything, but think hydrocarbons will exist for a while. I think a weighting >0%<10% is appropriate I own U.S. based mineral partnerships $BSM and $DMLP $DMLP has no debt, mgt owns about 15%, no UBTI (IRA).

Shrubbery Stagflation Capital 🔥 🌳🇺🇦 @agnostoxxx

Shrub’s “Corner of the FT” analysis! $BSM is my largest oil position. It’s a nice & boring Trust and pays me a fat dividend. Current divi yield is 8% but I think has potential for higher distributions. If I’m right, could see 40-80% upside. If I’m wrong, I make 8% div/year 🥳🌳

Podcasts

Miscellaneous

• The Acquirer's Multiple®: How To Value Royalty Companies

• The Latest Warren Buffett Biotech Stock Bet: Royalty Pharma

• The Texas Pacific Land Trust Investor