Source Rock Royalties IPO: How to buy Calgary-based SRR stock?

2 min read | January 22, 2022 01:40 AM AEDT | By Raza Naqvi

Source Rock Royalties IPO: How to buy Calgary-based SRR stock? — Image source: © Pichetw | Megapixl.com

How to buy Source Rock Royalties stock?

Source Rock Royalties Ltd. is looking to list its shares on the TSX Venture Exchange (TSXV) and trade under the stock symbol SRR.

Source Rock has not revealed the price range and the number of shares, and it could file a revised prospectus with the Canadian Securities Administrators.

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Source Rock IPO
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It is not clear when the energy royalties company will begin trading on TSXV, and to buy the SRR stock, stock market traders will have to wait for Source Rock Royalties to start selling its shares.

There's no communication from the company on offering its pre-IPO stock, and this information could come at a later stage if Source Rock Royalties gives this option to retail investors.

Bottom line

Canadian National Railway Company (TSX:CNR) backs Source Rock Royalties through its investment arm.

CN Canadian Master Trust Fund, owned by CN Rail, is the energy royalties firm's shareholder and reportedly own around 26 per cent of the common stock.

Source Rock values itself between the range of C$ 25.6 and C$ 41.7 million. If the IPO happens, SRR would be a micro-cap stock, and interested investors should research before investing in the stock.

Also Read: Suncor (TSX:SU) & TC Energy (TSX:TRP): 2 oil & gas stocks to buy now

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