Rebecca Teltscher

Click here to see fund managers views on the recent Encana spin off of PrairieSky Ltd. Since the initial public offering in May, shares have been up 45% from $28 to over $40.

Ryan Bushell, Portfolio Manager at Leon Frazer & Associates, compares PrairieSky to Freehold Royalties, another Canadian Royalties business. Freehold currently trades at a lower valuation with a higher dividend yield making the stock more attractive. Ryan sees limited upside in PrairieSky which trades at a significant premium to Freehold Royalties unless it plans to substantially increase is cash flows or aggressively raise its dividend.

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