#118: Brad Docherty (Source Rock Royalties) - $13MM in Dividends, Acquisition Strategies & Canada’s Only Jr. Energy Royalty Co.
Greetings & welcome back to the rose bros podcast.
This episode we are joined by Brad Docherty - Founder, Chairman, President & C.E.O of Source Rock Royalties - Canada’s only junior publicly listed energy royalty company with ~75,000 gross acres of royalty lands and a market cap of ~$30 million.
Since 2014, Source Rock has grown consistently through acquisitions, paying approximately $13MM in dividends with the use of no debt.
Brad graduated from Mount Royal University with a Bachelor of Applied Justice Studies in Criminology, and the University of Victoria with a Bachelor of Laws degree.
Among other things, we discussed being Canada’s only junior energy royalty company, the sweet spot for acquisitions, win-win deals, why royalties can be a tool in the capital structure & how technology is unlocking new opportunities in energy.