Latest news with #Freehold
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2 days ago
- Entertainment
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THE DARK SIDE
Not much information about the film is available as of this writing, save for a trailer that premiered July 18 and a release date of October 24, 2025. Other than that, all we know is that Scott Cooper is directing, Jeremy Allen White plays Springsteen and Jeremy Strong plays Jon Landau, and that shooting has taken place in various New Jersey locations including Freehold, where Springsteen grew up, and the Stone Pony in Asbury Park, where he launched his career and has returned to throughout the years. My first thought was, why make a movie about recording Nebraska? Then I read Warren Zanes' book Deliver Me From Nowhere, on which the movie is based. More from Spin: Pinball Wizards THE CHARACTER ASSASINATION OF MO TROPER See Jeremy Allen White As Bruce Springsteen In First Biopic Trailer It's a dark story. Zanes was inspired to write his book, which came out in 2023, after reading Springsteen's autobiography, Born to Run, and noticing that the chapter on the making of Nebraska was surprisingly short. Zanes tells me: 'That section about Nebraska blows by in three pages. I'm thinking, 'There's no way.' That was a major turning point. I felt there was more to the story.' Nebraska, a mostly acoustic, starkly literary 10-track imperfect masterpiece, features downtrodden and at times downright evil characters, such as Joe Roberts and his criminal brother in 'Highway Patrolman,' the estranged son searching for his father in 'My Father's House,' the poor siblings in 'Mansion on the Hill,' and the serial killer Charles Starkweather. And the LP came two years after Springsteen's fastest-selling album to date, The River. Between December 17, 1981 and January 3, 1982, Springsteen recorded 17 demo tracks in the back bedroom of a rental house in Colts Neck, New Jersey, a 12-minute drive from Freehold. Sitting on the edge of his bed with his Gibson J-200, a harmonica, a couple of mics, and a consumer-grade TEAC four-track cassette player, the songs he put to tape were meant to be sketches he would teach the E. Street Band to play for the final, full-ensemble, studio versions. Seven of the tracks he did save for Born in the U.S.A. The other 10, for reasons he couldn't explain at the time, kept calling to him, begging for attention. So he quickly mixed the songs through a Gibson Echoplex, then mastered them onto the water-logged Panasonic boombox he had sitting on his couch, which, according to Zanes' book, had miraculously come back to life despite falling out of a canoe. When Landau first heard the cassette, he told Zanes he was concerned 'on a friendship level' due to the dark, sinister nature of the songs. Up to that point, Springsteen's songs were about redemption. The tape Landau heard, however, was stark and violent, lonely and sad; the opposite of Springsteen's signature writing style. Springsteen spent weeks in the studio trying to turn those demos into full-blown E. Street tracks, complete with Clarence Clemons' signature saxophone sound. According to Zane's book, while others thought the sessions were going well, Springsteen did not. ''Every time I tried to make the recordings better, I lost my characters,' he told Zane. The songs—the ones on the cassette he continually carried around in the back pocket of his jeans —as if by some mystical force wouldn't allow it. Springsteen released Nebraska on September 30, 1982 with very little fanfare. No American singles. No tour. No photos of him on the cover; just a black and white image of a desolate, rural highway, taken from the dashboard of a car. A now insanely iconic album cover. 'He's just had his first No.1 record, and his first top 10 single. He's poised to go big. No one around him is making a decision to go 'lo-fi' in the wake of their first No.1 album,' says Zanes. 'You get this color from the TEAC 144, and then you get a layer from the boombox they mixed down to, which had water damage, and then they run everything through an Echoplex, which simulates that early Sun Records slap back,' Zanes tells me. Fans were confused at first. But once they listened to the songwriting, unparalleled to anything he'd released before, it resonated in such a deep, emotional way that more than 40 years later, 20th Century Studios is making a film about it. The imperfections of Nebraska is a reflection of the imperfection of Springsteen's early life. Unresolved trauma from his childhood seeped into the album. As Zanes explains, that's what's so compelling. 'He had trauma in his past that he was either going to contend with or it was going to contend with him.' That stemmed mainly from his father, Douglas, who had a bad temper, struggled with depression, was an alcoholic, and suffered from mental illness that would later be diagnosed as schizophrenia. Because Douglas couldn't keep a job, the Springsteen household moved in with Bruce's grandparents shortly after his sister Virginia was born in 1951. The house was in complete disrepair with only one functional room. During the five years they stayed there, Springsteen describes in Zanes' book how he was given free rein to do whatever he wanted. No discipline at all. 'It destroyed me and it made me. At the same time,' Springsteen said. It turns out that the making of Nebraska was like turning on a valve of a darkness he didn't realize he had inside of him, a depression that caused him to have a breakdown around the time of the album's release. 'When someone goes back to a difficult childhood, exploring the facts of what went down is not enough,' Zanes tells me. 'You have to dig to find out what those facts mean to you as an adult facing trouble in your life. Not that he did this on a conscious level. He didn't know at the outset what he was going back into.' Springsteen started going to therapy. He began working out, transforming himself into 'The Boss.' Two years later he released Born in the U.S.A., which made him a superstar. To see our running list of the top 100 greatest rock stars of all time, click here.
Yahoo
5 days ago
- Business
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Freehold Royalties Declares Dividend for June 2025
CALGARY, Alberta, June 16, 2025 (GLOBE NEWSWIRE) -- Freehold Royalties Ltd. (Freehold) (TSX: FRU) announces that its Board of Directors has declared a dividend of Cdn. $0.09 per common share to be paid on July 15, 2025 to shareholders of record on June 30, 2025. These dividends are designated as 'eligible dividends' for Canadian income tax purposes. Freehold is uniquely positioned as a leading North American energy royalty company with approximately 6.1 million gross acres in Canada and approximately 1.2 million gross drilling acres in the United States. Freehold's common shares trade on the Toronto Stock Exchange in Canada under the symbol FRU. Freehold Royalties Ltd. Todd McBride, CPA, CMAInvestor Relationst. 403.221.0833e. tmcbride@ Nick Thomson, CFAInvestor Relationst. 403.221.0874e. nthomson@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
14-06-2025
- Business
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5 Canadian Dividend Stocks I'd Buy Now and Hold for the Next 20 Years
Written by Amy Legate-Wolfe at The Motley Fool Canada If you want to build wealth over time, dividend stocks are a simple but powerful tool. They put money in your pocket regularly, no matter what the market is doing. And when you reinvest those dividends, they start to generate income of their own. This snowball effect, known as compounding, can quietly grow your portfolio over decades. So, if you're thinking long term, like the next 20 years, it makes sense to look for dependable, dividend-paying stocks. So, let's look at the top five to pick right now. Freehold Royalties (TSX:FRU) is a great place to start. It earns income by collecting royalties on oil and gas production from lands it owns rather than operating wells itself. That keeps costs low and income steady. In the last 12 months, it brought in $326 million in revenue and $152 million in net income. It pays out $1.08 per share annually, giving it a strong yield of about 8.6% at current prices. That's a hefty income stream that can be reinvested or used elsewhere, and Freehold's model means it's well-positioned to keep paying over time. Peyto Exploration & Development (TSX:PEY) is another dividend payer in the energy space, but this one is more hands-on. It drills and produces natural gas, and it's known for doing so efficiently. Peyto's most recent quarter showed earnings of $114 million and funds from operations of $225 million. About $66 million of that went right back to shareholders through dividends. It's also growing earnings fast, with a five-year average annual earnings growth rate of nearly 35%. It's one of those rare names that combines income and growth potential. Headwater Exploration (TSX:HWX) rounds out this energy trio. Unlike some peers, it has a strong balance sheet and minimal debt. It's posted $541 million in revenue and $200 million in net income over the last year. Its latest quarterly earnings per share (EPS) came in at $0.21, right in line with expectations. It's currently paying a dividend of $0.10 per share quarterly, and with cash on hand exceeding $125 million, there's room to grow that over time. It's a smaller name but one with strong fundamentals and a track record of disciplined spending. Switching sectors, Laurentian Bank (TSX:LB) offers exposure to Canadian financials. It's not as large as the Big Five banks, but that also means it trades at a discount. It recently reported revenue of $226 million, slightly down from the prior year, but beat expectations with earnings per share of $0.88. Its price-to-earnings ratio sits below 10, and it pays an annual dividend of $2.08 per share, yielding roughly 6.1%. It's the kind of solid, income-producing stock that rewards patient investors. Finally, Brookfield Renewable Partners LP (TSX: adds a renewable energy angle. While it reported a net loss last quarter, it grew funds from operations by 15% and secured new power contracts for 4,500 gigawatt-hours annually. It also maintains a strong liquidity position with $4.5 billion in available capital. currently pays $1.48 per unit annually, with a yield of about 6.2%. If you believe the future is green, this is a name to consider for the long haul. Holding dividend stocks like these over 20 years is less about timing and more about consistency. You collect income. You reinvest. You watch your shares multiply over time. The ups and downs of the market matter less when the dividends keep flowing. Right now, in fact, you could earn a total of $985.92 each year! COMPANY RECENT PRICE SHARES DIVIDEND TOTAL ANNUAL PAYOUT FREQUENCY INVESTMENT TOTAL $12.49 160 $1.08 $172.80 Monthly $1,998.40 $18.31 109 $1.32 $143.88 Monthly $1,996.79 $6.53 306 $1.32 $403.92 Monthly $1,998.18 $30.13 66 $1.88 $124.08 Quarterly $1,987.58 $30.00 66 $2.14 $141.24 Quarterly $1,980.00 Whether it's royalties, gas production, banking, or renewable energy, these five companies are in sectors that matter. And each one has shown a commitment to rewarding shareholders. For anyone building a portfolio designed to last, this is a strong foundation to start with or add to. The post 5 Canadian Dividend Stocks I'd Buy Now and Hold for the Next 20 Years appeared first on The Motley Fool Canada. More reading Made in Canada: 5 Homegrown Stocks Ready for the 'Buy Local' Revolution [PREMIUM PICKS] Market Volatility Toolkit Best Canadian Stocks to Buy in 2025 Beginner Investors: 4 Top Canadian Stocks to Buy for 2025 5 Years From Now, You'll Probably Wish You Grabbed These Stocks Subscribe to Motley Fool Canada on YouTube Fool contributor Amy Legate-Wolfe has no position in any of the stocks mentioned. The Motley Fool recommends Brookfield Renewable Partners, Freehold Royalties, and Laurentian Bank Of Canada. The Motley Fool has a disclosure policy. 2025
Yahoo
07-06-2025
- Business
- Yahoo
High Dividend, Monthly Payouts: An 8.7% Opportunity
Written by Christopher Liew, CFA at The Motley Fool Canada The oil and natural gas industry is a major source of government revenues and a vital part of Canada's economy. Based on data from the Canadian Association of Petroleum Producers, the sector accounted for 3% of the country's gross domestic product (GDP) in 2024. Moreover, oil, natural gas, and refined products account for approximately 20% of Canada's balance of trade. Energy stocks are also popular among investors due to their generous dividends and potential to generate additional returns from rising oil and gas prices. A buying opportunity today, if not a total package for income seekers, is Freehold Royalties (TSX:FRU). Besides the high 8.7% dividend yield, the payout frequency is monthly. The $2-billion royalty oil and gas company owns about 6.1 million acres of land in Canada. In the U.S., its land base is approximately 1.2 million gross drilling acres and continues to expand. As a royalty-interest owner, it benefits from industry drilling activities on the lands subject to the royalty. Freehold receives royalty income from more than 380 industry operators. It manages the assets but spends zero on well operations, maintenance, production, and land restoration to its original state. Operators pay all related costs, while Freehold focuses on business development and accretive acquisitions. Management believes that Freehold is uniquely positioned as a leader in North American energy royalties. Around 25% of key royalty payors have a market capitalization of $10 billion. Top operators or drillers include Exxon Mobil, ConocoPhillips, Canadian Natural Resources, and Tourmaline Oil. Freehold is committed to delivering income growth and durable returns through strategic expansion and targeted acquisitions. The strategy is to concentrate on high-margin and long-duration royalties. Additionally, collaborating with investment-grade operators that have long-term perspectives is advantageous. Regarding inventory life, the Canadian side is 40 years and the U.S. portion is 30 years. Future optionality includes the expansion of geologic zones, improved drilling, and the discovery of other minerals or metals. In Q1 2025, Freehold reported a 23% year-over-year increase in royalty and other revenue to $91.1 million. The 14 and 11 new leases signed in Canada and the U.S. contributed $3.9 million in revenue. Net income and cash flow from operations rose 10% and 20% to $37.3 million and $62.9 million compared to Q1 2024. Its President and CEO, David M. Spyker, said, 'Freehold's Q1-2025 production of 16,248 barrels of oil equivalent per day (boe/d) is at the highest levels in our corporate history, in step with the high-quality acquisition work completed in late 2024. Spyker added, 'The deliberate and strategic build out of our North American royalty portfolio has resulted in a balanced revenue base with Canada contributing 46% of revenue in Q1-2025 and the U.S. contributing 54%. The industry is in excellent shape to manage commodity price volatility due to the capital discipline and prudent balance sheet management approach over the past number of years.' Freehold has been paying monthly dividends (no fail) since April 1998. The current share price is $12.27, while the regular monthly dividend remains fixed at $0.09 per share for now. A $13,730 investment today transforms into $100 in monthly passive income. The post High Dividend, Monthly Payouts: An 8.7% Opportunity appeared first on The Motley Fool Canada. Before you buy stock in Freehold Royalties Ltd., consider this: The Motley Fool Stock Advisor Canada analyst team just identified what they believe are the Top Stocks for 2025 and Beyond for investors to buy now… and Freehold Royalties Ltd. wasn't one of them. The Top Stocks that made the cut could potentially produce monster returns in the coming years. Consider MercadoLibre, which we first recommended on January 8, 2014 ... if you invested $1,000 in the 'eBay of Latin America' at the time of our recommendation, you'd have $21,345.77!* Stock Advisor Canada provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month – one from Canada and one from the U.S. The Stock Advisor Canada service has outperformed the return of S&P/TSX Composite Index by 24 percentage points since 2013*. See the Top Stocks * Returns as of 4/21/25 More reading Made in Canada: 5 Homegrown Stocks Ready for the 'Buy Local' Revolution [PREMIUM PICKS] Market Volatility Toolkit Best Canadian Stocks to Buy in 2025 Beginner Investors: 4 Top Canadian Stocks to Buy for 2025 5 Years From Now, You'll Probably Wish You Grabbed These Stocks Subscribe to Motley Fool Canada on YouTube Fool contributor Christopher Liew has no position in any of the stocks mentioned. The Motley Fool recommends Canadian Natural Resources, Freehold Royalties, and Tourmaline Oil. The Motley Fool has a disclosure policy. 2025 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
15-05-2025
- Business
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Freehold Royalties Ltd (FRHLF) Q1 2025 Earnings Call Highlights: Record Production and ...
Production: 16,248 BOE/day in Q1, highest since inception in 1996. Funds from Operations: $16 million in the quarter, or $0.42 per share. Realized Pricing: $49.25 BOE in Canada, $72.64 BOE in the US. Leasing Revenue: $3.9 million from new leases in Canada and the US. Drilling Activity: Up 12% from Q4 2024 levels, with increased activity in US land base. Heavy Oil Production: Up 19% from Q1 a year ago. Gas Production: 25 million cubic feet/day or 4,100 BOE/day of Canadian gas exposure. Dividend Payout Ratio: Targeting 60% payout ratio. Dividend Coverage: Sustainable at approximately $50/barrel WTI. Warning! GuruFocus has detected 7 Warning Signs with FER. Release Date: May 14, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Freehold Royalties Ltd (FRHLF) terminated its management agreement with Rife, simplifying governance and streamlining decision-making. The company achieved its highest production level since inception, with 16,248 BOE per day in Q1. Freehold Royalties Ltd (FRHLF) introduced a Normal Course Issuer Bid (NCIB) to provide flexibility in capital returns through share buybacks. The company reported a significant premium on US production pricing compared to Canada, driven by higher oil weighting and lower transportation costs. Freehold Royalties Ltd (FRHLF) experienced robust leasing activity in Q1, setting a new high watermark for US mineral title lands leasing revenue. There was a softening in wells drilled in Canada, particularly in the Viking area, compared to Q1 2024. The company anticipates episodic lease bonus revenue, indicating potential variability in future leasing income. Market volatility, influenced by external factors like geopolitical events, could impact future financial performance. The company is exposed to commodity price fluctuations, with a breakeven oil price of $50 per barrel WTI needed to cover costs and dividends. Despite strong licensing, there is uncertainty regarding operator activity levels post-breakup season in Canada. Q: Is this the first time that Freehold will have a Normal Course Issuer Bid (NCIB), and how are you planning to use it to optimize shareholder value? A: David Hendry, CFO, explained that this is indeed the first time Freehold has implemented an NCIB. It is currently in the process of being approved and is not yet active. The NCIB will provide optionality to realize shareholder value, and it will be used tactically when it makes sense, serving as an additional tool to benefit shareholders. Q: Are the lease bonus results in the US repeatable, and how should we think about these cohorts? A: Robert King, COO, noted that in Q1, Freehold signed 11 leases on US assets, primarily in the Permian, with significant revenue from a private E&P focusing on the Barnett formation. While the $3.3 million revenue is significant, future results may be episodic. However, with 80% of their US land being mineral rights, there is substantial opportunity for growth. Q: How should we think about the cost structure following the termination of the management agreement with Rife? A: David Spyker, CEO, stated that the cost impact is not material. The cost structure remains largely unchanged, with a minor one-time cost associated with separating infrastructure. The termination allows Freehold to have a dedicated staff focused solely on the company, which is seen as a positive step forward. Q: How should we think about the current wells being drilled in the Permian going forward? A: Robert King, COO, explained that the bulk of drilling in the Permian is still in the middle eight benches of their Midland assets. There is increased drilling in the deeper Barnett formation, which has shown significant success. Freehold's targeted acquisition strategy in the Permian has resulted in a land base where one-third has not yet had horizontal drilling, indicating significant future potential. Q: How much exposure does Freehold have to multilateral drilling in the Western Canada inventory Basin? A: David Spyker, CEO, highlighted that Freehold has significant exposure to multilateral drilling in heavy oil areas like Clearwater and Mannville Stack, as well as in Southeast Saskatchewan. The introduction of a royalty incentive for multilateral drilling in Saskatchewan has led to increased activity, with nearly 40% of wells drilled on Freehold's lands being multilaterals in 2024, almost doubling from previous years. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
