Home Blog

BLM Seeks Public Comment on Proposed Transmission Line Upgrade | Kingman Miner Daily

0

KINGMAN – The Kingman Field Office has completed a preliminary environmental assessment for the UniSource Antares upgrade project at Meadview 69kV and is seeking public comment.

UNS Electric, Inc., a subsidiary of UniSource Energy Services, proposed to construct a new transmission line approximately 10 miles to reinforce its existing local right-of-way from the BLM to support the proposed project. The Preliminary Environmental Assessment can be found in the BLM’s National NEPA Registry. The link to the project is here: https://eplanning.blm.gov/eplanning-ui/admin/project/2016129/510

The purpose of the project is to address tension issues in the growing community of Meadview. The proposed extension of the 69 kV power line would meet increased energy demands and provide reliable and consistent electricity to the region.

The 30-day public comment period ends June 17, 2022. Electronic comments may be submitted through the blm.eplanning.gov link listed above. Written comments may be submitted to the BLM Kingman Field Office, 2755 Mission Blvd, Kingman, AZ 86401. If you would like to receive a hard copy of the EA, contact the BLM Kingman Field Office at 928-718-3700 . If you have questions related to the project, please contact Maria Nicoletti, Senior Real Estate Specialist, at [email protected], or 928-718-3700.

The BLM manages more than 245 million acres of public land located primarily in 12 western states, including Alaska, on behalf of the American people. The BLM also administers 700 million acres of underground mining properties across the country. Our mission is to maintain the health, diversity, and productivity of America’s public lands for the use and enjoyment of present and future generations.

Wind – Greencoat Renewables agrees to acquire a 65 MW onshore wind portfolio in France

0

The acquisition includes 4 wind farms, all of which benefit from long-term contracts with the French government:

  • The 16 MW Arcy-Précy wind farm is located in Burgundy and consists of eight Vestas V110 turbines. The project was commissioned between September 2021 (12MW) and May 2022 (4MW) and benefits from a fixed price government contract until August 2041.
  • The 9.4 MW Butte de Menonville wind farm is located in the Center Val-de-Loire region of France and consists of four Enercon E92 turbines. The project was commissioned in July 2021 and benefits from a fixed price government contract until June 2041.
  • The 20.3 MW Genonville wind farm is located in the Center Val-de-Loire region of France and consists of six Nordex N117 turbines. The project was commissioned in March 2022 and benefits from a fixed price government contract until February 2042.
  • The 19.8 MW Grande Espace wind farm is located in the Center Val-de-Loire region of France and consists of six Vestas V112 turbines. The project was commissioned between August 2017 and October 2018 and benefits from a fixed price government contract until August 2032.

The transaction is the company’s second portfolio acquisition in France, as it continues to execute its European growth strategy and follows Greencoat Renewables’ expansion into Spain, Finland, Germany and Sweden.

Christoph Sutter, Head of Renewables at Axpo, said: “I am delighted to see that once again we have been able to sell an attractive portfolio of wind farms which were part of Volkswind’s extensive development pipeline in France. .

“With continued investor interest in purchasing wind power plants, this is an excellent opportunity for Axpo to generate additional revenue and increase the value added of our renewables business.”

The transaction is expected to close in the second quarter of 2022.

Bertrand Gautier, Investment Manager, said: “This transaction represents a further step in Greencoat Renewables’ strategy to increase our position in the French renewable energy market, which provides an opportunity to secure contracted renewable energy assets. long-term. France will now represent 12% of the Greencoat Renewables portfolio.

“We look forward to continuing to work with Axpo, a large owner of renewable assets in Europe.”

Since the acquisition of Volkswind in 2015, Axpo has been active in the planning, project development, construction, maintenance and management of wind farms in France and Germany. As one of Europe’s leading wind energy companies, Axpo’s business strategy combines retaining a large portfolio of wind farms with selling others to investors.

Climate activists in gondolas sail through Venice to protest greenwashing

0

Greenpeace activists in Venice staged a protest this weekend to highlight the catastrophic effects greenwashing could have on the lagoon city.

Protesting on wooden rowboats, protesters warned that the city would soon be overwhelmed if the fossil fuel industry continued what the activist group calls its greenwashing agenda.

Greenpeace protest against traditional Venetian boats

On Sunday, Greenpeace activists staged Venice’s “last visit” in a tongue-in-cheek protest against the greenwashing of the fossil fuel industry.

Sailing on traditional boats past some of Venice’s famous landmarks, including St. Mark’s Square and the Bridge of Sighs, protesters warned against misleading advertising by fossil fuel companies.

Protesters carried banners with the logos of major European oil and gas companies which they said had “sponsored” the last visit to the city.

Energy companies and greenwashing

Greenpeace is currently calling for a new law banning fossil fuel advertising and sponsorship in the European Union. They warn that ads depicting energy companies as environmentally friendly promote false solutions and delay climate action.

Federico Spadini, a climate activist with Greenpeace, said companies use advertising to “clean up their image, just like tobacco companies have done in the past”.

Last year, a Greenpeace investigation reviewed thousands of social media advertisements by energy companies Shell, Total Energies, Preem, Eni and Repsol.

The researchers found that nearly two-thirds of oil company advertisements could be categorized as greenwashing. They say the messages misled consumers by representing false solutions to the climate crisis.

How could greenwashing have brought down Venice?

Greenpeace activists took to the water to warn that Venice flooding problems would be exacerbated if no action was taken against greenwashing. The historic center, which is a UNESCO World Heritage Site, is extremely vulnerable to flooding due to climate change and sea level rise.

A study by the Intergovernmental Panel on Climate Change in 2021 predicted a possible sea level rise of 63cm to 101cm in the most drastic case. This would require raising the mobile flood barriers in the lagoon so many times that it would seriously harm the ecosystem and economy of the port.

As Spadini said, “If we don’t embrace a green energy transition, the last tourist trip to Venice could soon become a tragic reality.”

The State’s Largest Battery Energy Storage System Is Now Online – NBC 5 Dallas-Fort Worth

0

On Monday morning, Vistara Corp announced that its battery energy storage facility was officially online. It has the ability to instantly release energy to the power grid.

As the long, hot summer months draw nearer, the conversation about energy reliability and the power grid continues to be at the forefront of many Texans’ minds. There is a new battery energy storage facility in North Texas that is being touted as part of the solution to help minimize electricity disruptions when demand increases.

Located at the DeCordova Energy Storage Facility in Granbury, the 3,000 individual battery modules stored in 86 containers can hold 260 megawatts, which can power approximately 130,000 Texas residences under normal grid conditions.

The lithium-ion system stores excess electricity from the grid and can also release energy when demand is high.

“With these batteries, they recharge most of the time at night when we’re not using as much power and all these wind farms are blowing across the state of Texas. They recharge with energy when it’s most available. , and then they’re going to put that electricity back into the grid when our customers really need it,” said Claudia Morrow, senior vice president of development at Vistra Corps.

She said they can take about an hour to load and unload. Unlike a regular power plant which has the power ramp up and stays at a certain level, it’s not the same for batteries, which can be used as the “flip of a switch” so to speak.

What makes the Granbury site unique is the fact that it is considered a hybrid. Opposite the battery containers are four combustion turbines fueled by natural gas and backed up by diesel fuel in the event of a natural gas supply problem.

“I think the biggest benefit is renewables, that’s where people are interested in seeing the power grid go, but with renewables, with wind and sun, you don’t always have it in whatever amount you like, it can store it when it’s in excess and offload it,” said Jim Burke, President and CFO of Vistra. “And if the wind and sun haven’t returned yet, we can light the combustion turbine that runs on natural gas and ensure that consumers have the electricity they need when they need it.”

“It’s important because we have a very powerful build-up of renewable energy in Texas, which is wonderful, but it’s intermittent that the intermittence is buffered by batteries that can turn on in a second if the light from the if the sun is not available or if the wind is not blowing so that our grid stability is improved because we have thermos batteries, we have become renewable and everything works, “said the state senator Nathan Johnson (D-Dallas), who attended the grand opening of the new facility.

He believes this hybrid model is one of the solutions needed for the state as more people move to Texas and demand for energy increases.

Johnson believes there needs to be a technology-agnostic incentive to encourage this kind of innovation when it comes to alternative energy sources.

“If we encourage dispatchable generation, we could let the market determine whether it should be built with batteries, or hydrogen storage or whatever form we can use that is environmentally and economically sustainable,” Johnson said. “It’s being able to work with the markets to deliver the outcome we want, that’s what we do as decision makers.”

The Granbury site was built in less than a year and had its first real experience last week when ERCOT asked people to conserve energy due to unusually hot weather in May and several power stations are disconnected.

“It worked well that we were able to test and it worked exactly as expected,” Morrow said of the batteries.

The company said this is the second of 7 zero-energy carbon projects the company is bringing to Texas, part of a billion-dollar investment.

“As our fleet and power grids across the country transition to cleaner generation, we have not lost sight of our critical role in providing reliable and affordable electricity. DeCordova’s battery storage technology achieves these goals: providing instant-start, dispatchable generation to help balance the intermittency of renewables as the power grid transitions to low-carbon resources,” said Curt Morgan, CEO of Vistra. there is no doubt that a project of this size and such an ambitious overall investment reinforces Vistra’s position as the market leader in investing, owning and operating emission-free power generation in Texas. and beyond, while balancing affordability and reliability.”

Vistra Corp, containers and inverters for the project were supplied by Sungrow and Mortenson provided engineering and construction expertise.

A 38% price increase is looming for residential PPL customers; here’s how to avoid a full raise | Local News

Citing a spike in natural gas prices, as well as economy-wide inflation, Lancaster County’s main utility forecast a 38% hike in residential rates June 1.

PPL Electric Utilities will increase its residential rate to 12.366 cents per kilowatt-hour from 8.941 cents per kWh, a jump that will leave prices at their highest level in more than a decade, according to LNP | LancasterOnline files. For a residential customer using an average of 1,000 kWh electricity per month, this increase will add $34 to their bill. And due to a previous double-digit increase in December, that same customer will pay $48 more per month for electricity this summer than last summer.

Here’s how to avoid the full increase:

Sign up for the Standard Offer Program

An option consumers might want to explore immediately is the volunteering of their usefulness Standard Offer Program– which is an alternative for PPL customers who have not yet changed their electricity supplier by pparticipate in the competitive electricity market. The standard offer offers these customers the possibility of receiving the service of a competing supplier at a price fixed price this is 7% below the current price of the utility to be compared. The price of the Standard Offer is fixed for one year and can be canceled by the customer at any time without early termination or cancellation fees. There may not be participating providers in all regions.

After exploring the standard offering, consumers may want to lock in a discount with their current utility price to compare – which could represent future savings with the price to compare increases on June 1. Residential and small commercial customers can get more information and sign up for the standard offer program in cPPL contacting.

buy one vendor

Consumers and small businesses can also use the Ppublic ennsylvania youutility VSomissionit is PAPowerSwitch energy buying website to explore and compare other offers from competing energy providers, who may provide ssavings compared to their PPLthe default service rate of . The website offers consumers and small businesses information on how to purchase electricity supply services– allowing consumers to quickly compare offers from competing providers with their local utility’s default service rate and learn more about switching to a competing provider or returning to the default service, if they so choose wish.

Advice on buying from a supplier

It is important that every utility customer understands what they are paying for the supply of electricity, either through a default service from their electric utility or through a contract with a generation supplier. competitor energy. Key questions to ask include:

  • How do the rates of competing providers compare to the price of the utility being compared?

  • Is the supplier contract at a fixed rate or at a variable rate – and if the rate is variable, what are the conditions for changing the price of electricity?

  • Does the contract provide for additional fees, such as membership fees or early termination of the contract?

  • When will the contract expire – and what options do consumers have as the contract end date approaches?

To aim andefficiency and conservation

PPL’s ​​On Track program can reduce monthly costs and cancel some personal debts and families based on income.

A one-person household may qualify if they earn less than $20,385. Add $7,080 for each additional person per household to determine if a multi-person household may qualify.

The program also offers referrals to other services that can help.

Biorefinery Products Market 2022: Potential Growth and Attractive Valuation Make It a Long-Term Investment | Know the impact of COVID19

0

Biorefinery Products Market Report Coverage: Key Growth Drivers and Challenges, Regional Segmentation and Outlook, Key Industry Trends and Opportunities, Competitive Analysis, COVID-19[feminine] Impact analysis and projected recovery, and market sizing and forecasting.

Latest research launched on Global Biorefinery Products Market, it provides a detailed analysis with presentable graphs, charts and tables. This report covers an in-depth study of the Biorefinery Products Market size, growth and share, trends, consumption, segments, application and forecast 2028. Through qualitative and quantitative analysis , we help you to carry out an in-depth and comprehensive research on the Global Biorefinery Products Market. . This report has been prepared by experienced and knowledgeable market analysts and researchers. Each section of the research study is specially prepared to explore key aspects of the global Biorefinery Products market. Buyers of the report will have access to accurate information PESTLE, SWOT and other types of analysis on the global Biorefinery Product market. In addition, it offers very precise estimates on the CAGR, market share and market size of key regions and countries.

Major Key Players profiled in the report include: Neste Oil, Dynoil Llc, Brazil Eco Energia, Dominion Energy Services Llc, SE Energy, Menlo Energy Llc, BASF, Dow Chemical, Sinopec, Sabic, Exxonmobil, Imperium Renewables, Louis Dreyfus, Canadian Green Fuels, Archer Daniels Midland, Green Plains Renewable Energy, Poet, Valero Energy Corp. and more…

Download a free sample PDF including COVID-19[FEMININE Analyse d’impact, table des matières complète, tableaux et [email protected]
https://www.marketinforeports.com/Market-Reports/Request-Sample/484165

Don’t miss the business opportunities in the Biorefinery Products Market. Talk to our analyst and get key industry insights that will help your business grow when you create sample PDF reports.

Segmental analysis:
The report categorized the global biorefinery products market into segments comprising product type and application. Each segment is assessed based on its share and growth rate. Additionally, analysts have studied potential regions that could prove rewarding for manufacturers of biorefinery products in the coming years. The regional analysis includes reliable predictions about value and volume, helping market players to gain in-depth insights about the overall Biorefinery Products industry.

Market is split by Type, can be split into:
Bioethanol
Biodiesel
Biopolymer
Organic oil

The market is split by Application, can be split into:
Energy
Industrial
Manufacturing
Transportation

Share your budget and get an exclusive discount @
https://www.marketinforeports.com/Market-Reports/Request_discount/484165

The report authors have analyzed the developing and developed regions considered for research and analysis of the global Biorefinery Products market. The regional analysis section of the report provides an in-depth study of different regional and country-level Biorefinery Products industries to help players plan effective expansion strategies.

Regions Covered in Global Biorefinery Products Market:
The Middle East and Africa (GCC countries and Egypt)
North America (United States, Mexico and Canada)
South America (Brazil, etc)
Europe (Turkey, Germany, Russia UK, Italy, France, etc.)
Asia Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia and Australia)

Years Considered to Estimate Market Size:
Historical year: 2015-2019
Year of reference : 2019
Estimated year: 2022
Forecast year: 2022-2028

Detailed TOC of Biorefinery Products Market Report 2022-2028:
Chapter 1: Biorefinery Products Market Overview
Chapter 2: Economic impact on the industry
chapter 3: Market Competition by Manufacturers
Chapter 4: Production, revenue (value) by region
Chapter 5: Supply (Production), Consumption, Export, Import by Regions
Chapter 6: Production, revenue (value), price trend by type
Chapter 7: Market analysis by application
Chapter 8: Analysis of manufacturing costs
Chapter 9: Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10: Marketing Strategy Analysis, Distributors/Traders
Chapter 11: Analysis of market effect factors
Chapter 12: Biorefinery Products Market Forecast
Continued……

To learn more about the report, visit @ https://www.marketinforeports.com/Market-Reports/484165/biorefinery-product-market

What market dynamics does this report cover?
The report shares key information on:

  • Current market size
  • Market forecasts
  • Market opportunities
  • Main Drivers and Constraints
  • Regulatory scenario
  • Industry trend
  • New product approvals/launch
  • Promotion and marketing initiatives
  • Price analysis
  • Competitive landscape

It helps companies make strategic decisions.

Does this report offer customization?
Personalization helps organizations better understand specific market segments and areas of interest. So, Market Information Reports provides customized reporting information based on business needs for mission-critical calls.

Get Customization [email protected]:
https://www.marketinforeports.com/Market-Reports/Request-Customization/484165/biorefinery-product-market

Why Choose Market Intelligence Reports? :
Market Info Reports Research provides strategic market research reports, industry analysis, statistical surveys and forecast data on products and services, markets and companies. Our clientele includes a mix of global business leaders, government organizations, SMEs, individuals and start-ups, leading management consultancies, universities, and more. Our library of over 600,000 reports targets high-growth emerging markets in the United States, Europe Middle East, Africa, Asia-Pacific covering sectors like Computers, telecommunications, chemicals, semiconductors, healthcare, pharmaceuticals, energy and electricity, manufacturing, automotive and transport, food and beverages, etc.. This extensive collection of insightful reports helps clients stay ahead of time and the competition. We assist in business decision making on aspects such as market entry strategies, market size, market share analysis, sales and revenue, technology trends, competitive analysis, product portfolio and application analysis, etc.

Contact us:
Market Information Reports
17224 Rue S. Figueroa,
Gardena, California (CA) 90248, United States
Call: +1 915 229 3004 (WE)
+44 7452 242832 (UK)
Website: www.marketinforeports.com

Rajiv Menon, Black & Veatch, Energy News, ET EnergyWorld

0
New Delhi: In an exclusive interview with SUMMEREnergyWorld, Rajiv Menon, Country Director and Managing Director – India, Black & Veatch, a US-based construction and consulting firm, said he sees India becoming a global leader in green hydrogen production. He adds, however, that power generation using green hydrogen is expected to take longer to establish in India.

Black & Veatch was recently selected by Mitsubishi Power Americas and Magnum Development, as the EPC supplier for the largest industrial green hydrogen production and storage facility in the United States, which will convert over 220 MW of renewable energy per day into 100 metric tons of green hydrogen and will gradually expand to 100% hydrogen use by 2045. Edited excerpts:

What is your take on India’s nascent green hydrogen market? What role can green hydrogen play in India’s energy transition goals?
We enthusiastically support India’s goal of producing 5 million tonnes of green hydrogen per year by 2030.

India imports the majority of its energy sources, including gas and oil, and subsidizes them heavily for domestic use. Household hydrogen will help provide the much-needed independence and diversity of India’s energy resources and support the decarbonisation of the electricity and mobility sectors. This is particularly encouraging as the development of solar and wind power will support the renewable energy needs for green hydrogen production in India.

It is also possible that hydrogen will contribute to India’s energy storage needs as the country increases its renewable energy production, which remains prone to variability issues. Hydrogen energy storage systems can both complement and serve as a reliable alternative to batteries to meet variable renewable energy production. Hydrogen goes beyond the physical limits of current mineral-based battery technologies to provide essentially infinite duration storage.

Power generation using green hydrogen is expected to take longer to establish in India. Nuclear power is expected to be the transition step as India moves down the carbon emissions ladder.

What will be the place of India on the world market in the years to come?
India is well positioned to become a world leader in green hydrogen production in the years to come. We expect India to become a net exporter of green hydrogen and/or green ammonia, as well as an exporter of electrolysers in the global supply chain. Over the next five years, several gigawatts of electrolyser manufacturing capacity are expected to be operational in India, and this capacity will contribute to the global supply chain.

What green hydrogen capacity and investments should India target to help it achieve its transition goals? Can you share with us approximate numbers and timelines?
Electrolyser technology has been available for many years, but new technologies are still maturing and their interactions with renewables are still being studied. It will therefore be difficult to predict at this stage how much green hydrogen capacity and investment India will need to target to achieve its transition goals.

Moreover, the dynamics of the Indian scenario are highly dependent on its energy imports and price fluctuations.

That said, one approach that could help determine a potential need for investment is to look at different national goals. For example, it is expected that India’s mobility sector will gradually split into electric vehicles and fuel cell electric vehicles, both for different sections of mobility, light-duty motor vehicles and electric vehicles. heavy transport. Extrapolating the current penetration rate of electric vehicles to a hydrogen-based mobility sector 10 years from now can help determine an estimated investment target.

What is the estimated value of the Indian green hydrogen market at present and how much is it expected to increase over the next decade?
Industry experts value the current green hydrogen market in India at $25 million based on a 5% market penetration in the automotive sector, which is expected to grow exponentially over the next 10 years. Other sectors such as the steel, energy and oil industries are expected to make progress towards green hydrogen, but the pace of development will likely be boosted by technological advancements in their core processes.

With the arrival of big players on the market, do you think this will have an impact on the costs of producing green hydrogen? What more needs to be done for this?
The cost of producing green hydrogen will mainly depend on the cost of renewable energy, water and electrolysers. Domestic manufacturing of solar panels and electrolysers will help reduce capital expenditure on green hydrogen plants as well as the cost of renewable energy.

Since current electrolyser technologies consume high levels of energy, further development of electrolyser technologies will be a main driver to reduce the cost of producing green hydrogen. Industry players addressing these issues will likely have an impact on green hydrogen production costs.

Another step India could take is to harness the benefits of digitalization. The integration of operational technology and information technology is an approach to improve the reliability, efficiency and resilience of the Indian process industry. The fusion of data analytics with engineering expertise can help deliver timely and actionable insights that maximize the full potential of industry assets and facilities, and help the industry transition efficiently to low-cost operations. low carbon.

Boss of UK’s biggest energy company warns 40% of customers could be in fuel poverty

0
J

he boss of the UK’s biggest energy supplier has warned that 40% of his customers could end up in fuel poverty due to soaring costs.

Michael Lewis, chief executive of E.ON UK, called on the government to “tax those with the broadest shoulders” to help those struggling with rising energy bills.

Speaking on BBC One’s Sunday morning show, he said: “We are seeing a significant number of people in fuel poverty, meaning over 10% of their disposable income being spent on energy, and that figure has risen to around 20%, and in October our model suggests it could be as high as 40% if the government does not intervene in some way.”

Mr Lewis said around one million of the eight million accounts with E.ON in the UK already had some sort of arrears, which were expected to rise by 50% in October.

Asked whether there should be an exceptional tax to fight the energy crisis, he replied: “For us, the most important thing is that the government intervenes, it is up to the government to decide how it finances this.

“All I would say is it’s important that when they tax to meet this challenge, they tax those with the broadest shoulders.”

He said an increase in Universal Credit would “absolutely” help those “at the lower end of the income bracket who are most affected by this”.

Ministers did not rule out imposing a one-off tax on energy companies, although the issue would have divided Cabinet.

Education Secretary Nadhim Zahawi said on Sunday ministers were considering ‘all options’ to tackle the cost of living crisis, including a one-off levy on businesses that have benefited from high global gas prices and petroleum.

Meanwhile, the Labor Party renewed calls for a windfall tax on North Sea oil and gas producers as Shadow Chancellor Rachel Reeves said Mr Lewis’ comments “underline how much the cost of living crisis is difficult for families”.

She added: ‘The government must act now, introducing a windfall tax on the profits of oil and gas producers to reduce bills.’

Mike Cannon-Brookes says AGL split ‘won’t fly’ after Labor victory

0

But Mr Hunt said the split “represents decisive action towards decarbonisation”.

This would allow coal-focused Accel Energy and retailer AGL Australia to “responsibly accelerate the decarbonisation of Australia’s energy system, faster than could have been achieved as a single company.”

“AGL shares the ambition for decisive climate action, while ensuring affordable energy, and looks forward to working with the Albanian government to achieve this,” Mr. Hunt said.

“AGL Energy is committed to our clear plan for separation which is the best path for the company, for shareholders and for Australia’s orderly and responsible energy transition – backed by Grant Samuel’s independent expert report “.

Mr Cannon-Brookes, who owns his stake in AGL through his company Grok Ventures, wants the country’s biggest power producer to shut down all of its coal-fired power plants by 2035, representing a shortening of the lifespan of the giant Loy Yang A brown coal generator in Victoria up to 10 years.

He says an accelerated coal phase-out is needed to align with the climate goals of the Paris Agreement and help limit global warming to 1.5 degrees.

AGL argues that a faster exit from coal is not possible without jeopardizing the security of Australia’s electricity supply and driving up electricity prices.

Mr Hunt on Friday described Grok’s alternative proposal for an integrated AGL as “thought bubble” and “irresponsible”.

It was an election won and lost on the climate.

— Mike Cannon Brookes

Mr. Cannon-Brookes has already warned this month that AGL Energy’s near total disregard for the need to decarbonize in its spinoff documentation will persuade many institutional shareholders to vote against the split.

Pensions giant HESTA, which owns 0.36% of AGL, has already said it could vote against the split unless it achieves an emissions cut in line with the Paris Agreement and a fair transition for the workers concerned.

Mr Cannon-Brookes then referred to AGL’s annual general meeting last year when more than 52.5% of proxy votes backed a resolution from an activist group calling on the company to set targets aligned with Paris, and again referenced that vote on Sunday after the Labor Party victory.

“It was a win-and-lose election on climate,” he said.

“Australians want action and are demanding a tougher stance – just like AGL shareholders who voted for a future aligned with the Paris Agreement last year.”

stronger target

Labor has a much stronger 2030 emissions reduction target of 43% by 2030, compared to the Coalition’s long-standing 26-28% reduction target, and looks set to take the pressure independents backed by Climate 200 who won seats on Saturday to be more ambitious on the climate.

Mr. Hunt said decarbonization at AGL “must be done in a way that protects and enhances the stability, affordability and reliability of the system for customers and shareholder value, and ensures a just transition for our employees and our communities”.

“AGL Australia and Accel Energy have made strong climate commitments that include net zero target dates and the development of new renewable and flexible generation capacity,” he said, highlighting AGL’s agreement. this month with Global Infrastructure to invest up to $2 billion in new renewable energy. energy projects.

Mr Hunt said the country’s energy transition should be seen in the context of how Australia and the energy system as a whole goes to net zero, and from there what each company’s contributions should be individual.

“We have advanced our coal shutdown dates and are committed to reviewing and reporting on system readiness each year to see if we can bring them forward,” he said.

But Mr Cannon-Brookes said the split would mean AGL would be “left behind” by the energy transition, missing out on huge opportunities.

Most of AGL’s institutional shareholders have yet to declare how they will vote on June 15, and proxy advisors have yet to make their recommendations to clients.

Energy crisis: power cuts expected this summer in the United States due to extreme temperatures and drought

The North American Electric Reliability Corporation (NERC), a regulatory authority that oversees the health of the country’s power infrastructure has released a sobering report on the state of the American electricity network before the summer. Ongoing drought in parts of the country and heat waves “may require system operators to use emergency procedures, up to and including temporary manual load shedding”, better known as rolling breakdowns.

NERC’s Summer 2022 Reliability Assessment indicated that large swaths of the country are at high risk, with the Upper Midwest and South Central at high risk. Speaking to CBS MoneyWatch, John Moura, NERC’s director of reliability assessment and performance analysis, said, “This is probably one of the darkest pictures we’ve painted in a while. moment.”

Also see:

Which parts of the United States could face blackouts?

The most severely affected areas will be in the Upper Midwest and South Central along the Mississippi River. The latter is the result of damage to a section of a transmission line it has not yet been fixed who carries power in parts of Arkansas, Louisiana and Mississippi. However, restoration work is should be completed by the end of June 2022.

The possibility of power outages in the Midwest, including large parts of Illinois, Indiana, Iowa, Michigan, Minnesota, Missouri, North Dakota and Wisconsin, is due to a reduction of more than 2% in production capacity compared to summer 2021. However, Midwesterners need not panic. Last year’s report warned that nearly 40% of the US population was at risk of power outages, but most of the grid was unaffected, as reported by Bloomberg.

Almost all of the western United States at high risk for blackouts

The ongoing drought in the western United States will reduce the power generation capacity of hydroelectric dams and power generators. Drought conservation measures have been implemented in the Missouri River reservoir system due to declining water levels. This could affect the production of hydroelectric generators and impact the operations of gas, coal or nuclear power plants that draw water from the river to cool it.

A similar situation will occur in the western United States where a lower than normal snowpack means less water fill reservoirs used by hydroelectric generators. The dry conditions will also create a higher risk of wildfires, especially in late summer. Smoke from wildfires could have the effect of wiping out the sunlight used by solar panels.

Worries about capacity shortfalls in Texas ease for normal peak demand

Texas is considered to be at high risk for blackouts this summer but with the addition of wind and solar generation capacity, the anticipated reserve margins have been increased allay fears of shortages during normal peaks. But the state could be prone to widespread heat spells that could be prolonged due to the ongoing drought. A cascade of problems as a combination of power plants offline, low wind and extreme demand peak could force grid operators to impose continuous outages.

Officials overseeing the grid, however, are optimistic. Speaking to the press, they said they were confident that electricity supply would be reliable despite forecasts of record demand this summer. They cited reforms made after severe winter storms in February 2021 that claimed more than 200 lives as people struggle to heat their homes.

The weekend before officials touted the reliability of the power supply, ERCOT, the state’s main power grid operator, called on Texans to restrict the use of air conditioning and appliances after six electrical installations “tripped”.

Michael Leslie Buker buys 5,000 shares of PHX Energy Services Corp. (TSE: PHX)

0

PHX Energy Services Corp. (TSE: PHX- Get a rating) Senior officer Michael Leslie Buker purchased 5,000 shares in a trade dated Thursday, May 19. The shares were acquired at an average price of CA$6.13 per share, for a total transaction of CA$30,650.00. Following the completion of the purchase, the insider now directly owns 313,700 shares of the company, valued at C$1,922,981.

Michael Leslie Buker also recently made the following trade(s):

  • On Wednesday, May 11, Michael Leslie Buker acquired 5,000 shares of PHX Energy Services. The stock was purchased at an average price of CA$6.17 per share, for a total transaction of CA$30,850.00.
  • On Monday, May 9, Michael Leslie Buker purchased 5,000 shares of PHX Energy Services. The shares were acquired at an average cost of CA$6.15 per share, for a total transaction of CA$30,750.00.
  • On Friday, March 25, Michael Leslie Buker sold 40,200 shares of PHX Energy Services. The stock was sold at an average price of CA$6.20, for a total transaction of CA$249,123.42.
  • On Wednesday, March 23, Michael Leslie Buker sold 60,000 shares of PHX Energy Services. The shares were sold at an average price of CA$6.10, for a total value of CA$366,000.00.

PHX traded at CA$0.08 midday Friday, hitting CA$6.04. The stock recorded trading volume of 17,952 shares, compared to an average trading volume of 105,418 shares. PHX Energy Services Corp. has a 1-year low of C$3.66 and a 1-year high of C$7.50. The company has a debt ratio of 26.68, a quick ratio of 1.18 and a current ratio of 1.64. The company has a fifty-day moving average of C$6.54 and a 200-day moving average of C$5.52. The company has a market capitalization of C$305.27 million and a P/E ratio of 13.73.

(A d)

Charlie Shrem is like the “godfather of cryptocurrencies”. He discovered Bitcoin while it was trading for $5. Ethereum at $109.

Binance at just $6. Cardano for 5 CENTS.

Today he shares details of a 0.21 CENT crypto with Top 5 Potential… along with his BIG prediction for June 22nd.

PHX Energy Services (TSE: PHX – Get a rating) last reported results on Wednesday, February 23. The company reported EPS of C$0.17 for the quarter, beating the consensus estimate of C$0.13 by C$0.04. The company reported revenue of C$105.43 million for the quarter, compared to the consensus estimate of C$99.00 million. On average, equity research analysts expect PHX Energy Services Corp. will show earnings per share of 0.86 for the current year.

A number of equity research analysts have recently released reports on the stock. Stifel Nicolaus lowered his price target on PHX Energy Services shares from C$9.75 to C$9.50 in a Thursday, May 5 report. BMO Capital Markets raised its price target on PHX Energy Services from C$9.00 to C$9.50 in a Thursday, May 5 research note.

About PHX Energy Services (Get a rating)

PHX Energy Services Corp. provides horizontal and directional drilling technologies and services to oil and natural gas exploration and development and production companies in Canada, the United States, Russia, Albania and the Middle East. It offers Velocity Real-Time System, a breakthrough technology that offers downhole guidance systems; Atlas Motors, a high performance drill motor; PowerDrive Orbit RSS, a rotating steerable system; P-360 Positive Pulse MWD System, a measurement-while-drilling (MWD) tool; and the E-360 EM MWD System, an MWD tool that transmits electrical signals through geological formations.

Read more

Insider buying and selling by quarter for PHX Energy Services (TSE:PHX)

This instant news alert was powered by MarketBeat’s storytelling science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]

Should you invest $1,000 in PHX Energy Services right now?

Before you consider PHX Energy Services, you’ll want to hear this.

MarketBeat tracks Wall Street’s top-rated, top-performing research analysts daily and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes hold…and PHX Energy Services was not on the list.

Although PHX Energy Services currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

See the 5 actions here

CorEnergy Infrastructure Trust (NYSE:CORR) receives new coverage from StockNews.com analysts

0

StockNews.com began to cover the shares of CorEnergy Infrastructure Trust (NYSE: CORRGet a rating) in a note released Saturday to investors. The brokerage has set a “holding” rating on the asset manager’s stock.

Shares of NYSE: CORR opened at $2.57 on Friday. CorEnergy Infrastructure Trust has a 1-year minimum of $2.12 and a 1-year maximum of $7.75. The company has a market capitalization of $38.45 million, a PE ratio of -5.84 and a beta of 0.82. The company has a debt ratio of 1.58, a current ratio of 2.99 and a quick ratio of 2.69. The stock’s 50-day moving average is $2.78 and its 200-day moving average is $3.42.

A number of large investors have recently changed their positions in CORR. GSA Capital Partners LLP increased its stake in CorEnergy Infrastructure Trust by 637.6% during the third quarter. GSA Capital Partners LLP now owns 79,287 shares of the asset manager valued at $351,000 after purchasing an additional 68,538 shares during the period. Virtu Financial LLC purchased a new stock position in CorEnergy Infrastructure Trust during Q4 for a value of approximately $108,000. BlackRock Inc. increased its holdings of CorEnergy Infrastructure Trust shares by 11.2% during the third quarter. BlackRock Inc. now owns 323,427 shares of the asset manager worth $1,432,000 after acquiring an additional 32,565 shares during the period. Geode Capital Management LLC increased its holdings of CorEnergy Infrastructure Trust shares by 8.3% during the third quarter. Geode Capital Management LLC now owns 138,006 shares of the asset manager worth $611,000 after acquiring an additional 10,601 shares during the period. Finally, Marshall Wace LLP bought a new stock position in CorEnergy Infrastructure Trust during Q1 worth approximately $326,000. Institutional investors hold 16.98% of the company’s shares.

Company Profile (Get a rating)

CorEnergy Infrastructure Trust, Inc. (NYSE: CORR, CORRPrA), is a real estate investment trust (REIT) that owns critical energy assets, such as pipelines, storage terminals, and transmission and distribution assets. We receive long-term contractual revenue from customers and operators of our assets, including triple net equity leases and long-term customer contracts.

Further reading



Get news and reviews for CorEnergy Infrastructure Trust Daily – Enter your email address below to receive a concise daily summary of the latest news and analyst ratings for CorEnergy Infrastructure Trust and related companies with MarketBeat.com’s FREE daily email newsletter.

Gerhard Schröder resigns from Rosneft

0
Placeholder while loading article actions

BERLIN (Reuters) – Former German chancellor Gerhard Schröder resigned as chairman of Russian energy giant Rosneft on Friday amid growing calls in Europe for sanctions unless he gives up his Russian income.

Rosneft said Schröder informed the company that it was “impossible” to continue in the role. The former chancellor – who took up his $600,000-a-year job at Rosneft in 2017 – has been “invaluable” in delivering large-scale infrastructure projects in Russia and Germany, the company said in a statement. a statement.

He still holds positions on the board of Nord Stream 2 – which built the controversial and now abandoned gas pipeline between Russia and Germany – as well as its parent company.

German chancellor from 1998 to 2005, Schröder is a longtime ally of Russian President Vladimir Putin and a member of Chancellor Olaf Scholz’s ruling Social Democrats. The 78-year-old politician has been instrumental in deepening Germany’s energy dependence on Moscow – a relationship Berlin is now scrambling to unravel. And Schröder became a growing embarrassment to his party and much of the country as Russia waged its new offensive in Ukraine.

In February, as Moscow gathered its troops at the country’s border, he sparked outrage by criticizing Ukraine for its “saber rattles”. Since the start of the war, he has refrained from distancing himself from the Kremlin.

Former chancellor and friend of Putin at the heart of Germany’s fight against Russia

His decision to resign from Rosneft came a day after the European Parliament approved a non-binding resolution urging the European Union to extend sanctions to “European board members of major Russian companies and politicians who continue to receive Russian money”.

German lawmakers also approved a move that stripped him of the taxpayer-funded office and staff granted to him as a former chancellor. The changes, proposed by ruling coalition lawmakers, did not explicitly name Schröder but tied those expenses to official duties, making his office redundant. He is still entitled to his security service and his pension, which, according to the German press, amounts to more than 100,000 dollars a year.

Schröder is having the decision reviewed legally, according to Der Spiegel magazine. The former chancellor’s office did not immediately respond to a request for comment.

Scholz described the decision to stop funding Schröder’s office as “logical”, but said sanctions against his predecessor were unnecessary. Scholz had called on him to resign from his positions on the board of directors.

Markus Ferber, one of the lawmakers who drafted the European Parliament resolution, told Reuters that holding a senior position in a large state-controlled company means Schröder is “de facto cooperating closely with Russia”.

The resolution also called on former Austrian foreign minister Karin Kneissl to resign from Rosneft’s supervisory board.

The intervention was also intended to dissuade Schröder from taking a position on the board of Gazprom, another key Russian energy company, according to Ferber. Gazprom announced in February that Schröder had been appointed to its board, with a decision expected at its annual shareholders’ meeting on June 30.

It was just the latest announcement in a decades-long relationship with Russian energy, sparked when Schröder used his final days in power in 2005 to cement Germany’s gas ties with Moscow. Then – facing an election he seemed certain to lose – he left the campaign trail to sign a letter of intent with Putin to build Nord Stream 1, the first Baltic gas pipeline between Germany and Russia. He became head of Nord Stream’s board of directors three weeks after leaving office.

Schröder also played a key role in facilitating the Nord Stream 2 deal, a gas pipeline that cost $11 billion and directly connects Russian fields to Germany. The idea of ​​growing dependence on Russian energy was controversial in Europe, and the project was a sore point between Berlin and Washington until Scholz halted certification two days before the war in Ukraine began.

Public outrage directed at the former chancellor has only grown since the invasion of Russia.

In a recent interview with The New York Times, Schröder called Putin’s war a mistake, but refrained from condemning Russia’s killing of civilians in Bucha, Ukraine. The incident “must be investigated,” he said.

He refused to disavow his friendship with Putin and said he did not believe the bloodshed in Bucha was ordered by the Russian leader.

Cheng reported from Seoul. Mary Ilyushina from Riga, Latvia contributed to this report.

What your heart rate reveals about your health, longevity and fitness goals

0

Optimizing work heart rate to achieve specific fitness goals can ultimately lead to better overall health by lowering resting heart rate.

A low resting heart rate (rhr) is a sign of good health; the average resting heart rate of a healthy adult is between 60 and 100 beats per minute.

A pulsating heartbeat during exercise, on the other hand, is a clear indication that your efforts are being rewarded. The number of beats per minute (bpm) indicates the intensity of work; the higher it rises, the harder it can be assumed that the physical efforts are. Our working heart rate (whr) determines if the body is optimized to achieve specific fitness goals.

There are several other benefits of an increased heart rate during a workout. Muscles become more efficient when stimulated by increased blood oxygen levels during workouts; it also has a positive impact on mental clarity.

Photo: Shutterstock

Getting the heart pumping is the assurance that a workout is working for those trying to lose weight or reach an endurance goal. “Heart rate responses to exercise accurately measure the intensity at which a person is exercising,” says Cameron Falloon, former personal trainer to the late Princess Diana, and founder and co-CEO of the global fitness franchise. fitness Body Fit Training, specializing in personalized science. accompanied fitness programs.

So what is the relationship between working and resting heart rates, and how does an increase in one cause the other to decrease?

Resting heart rate and mortality

Simply put, each beat of the heart pumps blood throughout our system. When the heart pumps more blood per beat, it has to beat fewer times.

Raising our heart rate at work is said to help train the heart to do just that, and cardio exercise is a good way to get the heart pumping.

Over time, training the heart to work harder will cause resting heart rate to decrease, which studies have shown to be a positive indicator of good health.

Photo: Shutterstock
Photo: Shutterstock

A 2013 study published in the medical journal Heart confirms the benefits of a lower resting heart rate. The research followed over 2,000 men over the age of 16 in Copenhagen and found that “subjects with higher fitness levels were more likely to have lower resting heart rates” and that “a high resting heart rate was a significant predictor of mortality”. Those with a resting heart rate of 90 bpm or more have three times the death rate of someone with a resting heart rate of 50 bpm or less.

“A decrease in resting heart rate is a positive indicator of biological health,” says Falloon.

Heart rate training, where one exercises to achieve an optimal heart rate based on one’s health goals, is one way to reduce resting heart rate and improve overall health.

Working heart rate is when a certain percentage of its maximum heart rate (mhr), the highest number of beats the heart pumps under stress, is reached. The optimal percentage largely depends on fitness goals. For example, a whr of 60-69% of its mhr will put the body into fat burning mode.

#What is the best way to determine your working heart rate?

#How can heart rate monitoring help optimize fitness goals?

#What is the optimal working heart rate for weight loss versus endurance?

#Can we assess the effectiveness of strength training and strength training by measuring our heart rate at work?

#How does heart rate training improve overall health?

Work heart rate and fitness goals

Maintaining a whr between 117 and 134 bpm puts the body into fat burning mode; scientists have identified different working heart rates for different fitness outcomes.

Applying this principle and using tools that accurately measure heart rate can help improve the effectiveness of a workout and optimize results. Ultimately, it improves heart health and lowers resting heart rate.

Here, Falloon shares an overview of the benefits of heart rate training and the best heart rate monitoring methods to optimize fitness goals.

Optimal working heart rates are determined by a percentage of the person’s maximum heart rate. Many equations, usually based on age, are used to determine maximum heart rate. Some more precise equations include variables based on gender as well as age. However, these are all good ways to predict maximum heart rate. The most accurate way to determine maximum heart rate is to perform a cardiovascular stress test in a lab.

Heart rate responses to exercise can accurately measure a person’s training intensity. Targeted training towards specific fitness goals is carefully programmed, taking into account specific factors such as energy systems. Energy systems can be targeted differently through specific training variables such as duration and intensity. Therefore, heart rate monitoring is a great way to ensure that you are performing a workout/set/exercise at an intensity specific to your goals.

Photo: Shutterstock
Photo: Shutterstock

Heart rate monitors accurately measure aerobic training. Fat burning and endurance training fall into this category and are optimally trained between 60-69% of maximum heart rate and 80-89% of maximum heart rate, respectively.

Muscle building and strength training target our anaerobic energy systems and are not accurately measured by heart rate monitors. A periodized training program incorporating hypertrophy and resistance training protocols will allow you to increase your muscle mass and develop your strength. Tracking strength gains is a more accurate measure of muscle building and strength training.

There can be many health benefits, including:

– Increase in muscle mass
– Decrease in fat mass
– Increased metabolic rate
– Improvements in biological markers (cholesterol, blood pressure, HRV, blood sugar)
– Greater mobility
– Reduced risk of injury
– Improved mental and psychological health

Also see: The Benefits and Dangers of Icing Injuries for Recovery and Pain Management

Incentives for building owners pave the way for WA’s transition to a greener, cleaner future

The City of Bellevue recently took the bold step of creating a program to encourage building owners, landlords and building managers to participate in the state financial incentive program to make large buildings more energy efficient.

It’s working, as several building owners, property managers, and landlords have come forward to seek the use of $75 million in state financial incentives to create a more energy-efficient working and living environment in the part of an effort to transition our state to a greener and cleaner future. .

It’s all part of Washington’s effort to take the national lead in reducing our carbon footprint by mandating a maximum amount of energy that can be consumed in a year based on size, use and location. of a commercial building. In an effort to reduce greenhouse gas emissions by reducing a building’s energy consumption, lawmakers in 2019 allocated funds to incentivize building owners to retrofit their buildings to meet the standards.

We encourage other municipalities to follow Bellevue’s example and implement programs to reach building owners in their cities. Public and private services should also intensify. They have direct access to commercial bill payers, all of whom pay a rate on their utility bills to cover energy conservation and efficiency projects. Our dozens of utilities as well as investor-owned utilities such as Puget Sound Energy and Avista are all important players in spreading the word.

State rules require buildings to meet numerical energy efficiency goals starting in 2026 and initially only apply to buildings over 50,000 square feet. But state lawmakers this year expanded the program to include buildings up to 20,000 square feet and multi-family apartment buildings starting at 50,000 square feet. The expansion created a Tier 2 covered building category.

Depending on building size and usage, in June 2026 owners of buildings 220,000 square feet and larger will have to comply or face fines of $5,000 plus $1 per square foot per year. Buildings between 90,000 and 220,000 square feet have until June 1, 2027 to comply, and buildings between 50,000 and 90,000 square feet must comply by June 1, 2028. Recently covered Tier 2 buildings expansions must submit reports documenting their energy consumption analysis, energy management plan, and operations and maintenance program by July 2027 to be eligible for an additional $75 million incentive pool. dollars. Agriculture and certain manufacturing buildings are exempt. Although some buildings will not have to comply for several years, now is the time to apply for a portion of the state’s $150 million in financial incentives.

Funds will be allocated on a first-come, first-served basis. Owners of Tier 1 buildings, including multi-family buildings over 50,000 square feet, could be eligible to receive incentives of up to $0.85 per square foot to help offset renovation costs. Owners of qualifying Tier 2 buildings could receive $0.30 per square foot by demonstrating compliance. According to early research, more than 24,000 commercial and multi-family buildings in Washington will need to meet the new requirements.

When done right, energy efficiency improvements pay off. Upgrade costs will depend on what is needed. Fixes could include upgrading outdated technologies, such as mechanical equipment and controls, upgrading lighting to LED technology, switching to high-efficiency heat pumps, and verifying that systems work in harmony with each other.

By taking a comprehensive approach, the required energy efficiency improvements can be achieved with minimal capital contribution from the owner and without impacting rental costs. A smart energy efficiency project, when carried out under a performance contract, is like a free meal that pays you to eat it.

Building owners and landlords need to quickly determine whether they are meeting state standards because it takes time to renovate their buildings. Even though it looks like the deadlines are years away, building owners will face fines for non-compliance.

Having a clean building is a state requirement and it’s the right thing to do for the environment and for building occupants.

Select Energy Services (NYSE:WTTR) downgraded to “Hold” at Zacks Investment Research

0

Select Energy Services (NYSE: WTTRGet a rating) was downgraded by Zacks Investment Research from a “buy” to a “hold” rating in a note issued to investors on Thursday, Zacks.com reports. They currently have a price target of $9.00 on the stock. Zacks Investment ResearchThe target price of suggests a potential upside of 16.58% from the current stock price.

According to Zacks, “Select Energy Services, Inc. is a provider of water supply solutions to the US unconventional oil and gas industry. It offers drilling and completion activities associated with hydraulic fracturing as well as complementary water-related services that support oil and gas well completion and production activities, including containment, monitoring, treatment , reflux, transport and elimination. Select Energy Services, Inc. is headquartered in Gainesville, Texas. “

Separately, Piper Sandler raised its target price on shares of Select Energy Services from $8.25 to $11.00 and gave the company a “neutral” rating in a Monday, March 7 research note.

Select the Energy Services action traded down $0.08 in midday trading on Thursday, hitting $7.72. 3,466 shares of the company have been traded, compared to its average volume of 423,211. The company has a market capitalization of $882.63 million, a price-earnings ratio of -48.06 and a beta of 2, 35. The stock has a 50-day moving average of $8.35 and a two-hundred-day moving average of $7.39. Select Energy Services has a 12 month minimum of $4.88 and a 12 month maximum of $10.43.

Select Energy Services (NYSE: WTTRGet a rating) last announced its results on Tuesday, February 22. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.02). Select Energy Services posted a negative net margin of 1.35% and a negative return on equity of 5.29%. The company posted revenue of $255.13 million in the quarter, compared to $230.07 million expected by analysts. As a group, sell-side analysts expect Select Energy Services to post 0.2 earnings per share for the current year.

Hedge funds and other institutional investors have recently been buying and selling shares of the company. First Trust Advisors LP increased its stake in Select Energy Services by 148.0% during the first quarter. First Trust Advisors LP now owns 335,367 shares of the company worth $4,031,000 after acquiring an additional 200,158 shares last quarter. Morgan Stanley increased its position in shares of Select Energy Services by 40.2% during the second quarter. Morgan Stanley now owns 309,811 shares of the company valued at $1,872,000 after buying an additional 88,899 shares in the last quarter. SG Americas Securities LLC increased its position in shares of Select Energy Services by 252.6% during the third quarter. SG Americas Securities LLC now owns 48,172 shares of the company valued at $250,000 after purchasing an additional 34,509 shares in the last quarter. Barclays PLC increased its position in shares of Select Energy Services by 218.8% during the third quarter. Barclays PLC now owns 25,211 shares in the company valued at $130,000 after buying a further 17,302 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its position in shares of Select Energy Services by 84.0% during the third quarter. Goldman Sachs Group Inc. now owns 613,434 shares of the company valued at $3,184,000 after purchasing an additional 279,959 shares in the last quarter. Hedge funds and other institutional investors own 63.30% of the company’s shares.

About Select Energy Services (Get a rating)

Select Energy Services, Inc, an oilfield services company, provides water and chemical management solutions to the onshore oil and gas industry in the United States. The Company operates through three segments: Water Utilities, Water Infrastructure and Oilfield Chemicals. The Water Services segment provides water-related services, including water transfer, ebb and well testing, water containment, fluid transportation, water monitoring and automation water networks; technology solutions including hydrographic mapping, water volume and quality monitoring, remote monitoring of pits and reservoirs, leak detection, asset and fuel tracking and automated equipment services, as well as various on-site rental equipment and workforce accommodation services.

See also

Get a Free Copy of Zacks Research Report on Select Energy Services (WTTR)

For more information on Zacks Investment Research’s research offerings, visit Zacks.com



Receive daily news and ratings for selected energy services – Enter your email address below to receive a concise daily summary of breaking news and analyst ratings for Select Energy Services and related companies with MarketBeat.com’s free daily email newsletter.

Lawmakers seek to limit voting power of BlackRock, Vanguard and other big asset managers

0

A group of Republican senators seek to reduce the power of big asset managers like BlackRock Inc.

and Vanguard Group have on public companies.

In legislation introduced Wednesday, Sen. Dan Sullivan (R., Alaska) calls for voting choice to be made available to individual investors in passive funds when fund managers own more than 1% of voting securities. from a company.

Big asset managers like BlackRock, Vanguard and State Street Corp.

STT -3.86%

have grown rapidly in recent years, fueled by investors hoping that index funds will give them broader market access at lower cost. Together, these three firms alone manage $20 trillion in assets.

An unintended consequence of their growth is the enormous voting power these companies have accumulated, since they usually vote on behalf of investors. They have pushed companies to improve diversity, reduce their climate emissions and adopt other changes, sometimes drawing criticism from conservatives who say their votes represent creeping liberal bias.

“Look, this is not an attack on these companies or their executives from the perspective of what they’ve been able to accomplish,” Sullivan said, pointing out that the lower fees and greater diversification of passive funds were advantages for investors. The bill is co-sponsored by 11 other Republican senators. He has so far no support from Democrats, who control the Senate.

Mr Sullivan said he first became interested in asset managers after speaking to energy executives in Alaska, who told him that shareholder resolutions by climate activists exerted pressure on their businesses.

BlackRock CEO Larry Fink said the company’s positions were about long-term returns, not politics.


Photo:

Shannon Stapleton/REUTERS

In 2020, BlackRock Chief Executive Larry Fink led the company to consider environmental, social and governance risks as consequential as credit and liquidity risks. In a letter at the time, he said climate change “has become a defining factor in the long-term prospects of businesses”.

Fink said BlackRock’s positions were about long-term returns, not politics.

In October, BlackRock announced that it was developing technology to expand proxy voting choices for its customers. Select BlackRock institutional investors can now vote for their shares. Mr Fink said in his annual letter to CEOs this year that despite “significant regulatory and logistical hurdles”, he wants a “future where every investor, even individual investors, can have the opportunity to participate in the process. to vote by proxy if he wishes.

A BlackRock spokesperson said Wednesday that the company looks forward to “working with members of Congress and others on ways to help every investor, including individual investors, participate in proxy voting if they wish”.

For clients who choose to use BlackRock for proxy voting, the company “will continue to exercise its fiduciary responsibility to vote in the long-term economic interests of those clients.”

A Vanguard spokeswoman said the company “believes it’s important to give investors a greater voice in how their proxies are voted.” Vanguard is “committed to working with customers, policymakers and others to help ensure the voices of long-term investors are heard,” she said.

State Street declined to comment.

Write to Angel Au-Yeung at [email protected]

Copyright ©2022 Dow Jones & Company, Inc. All rights reserved. 87990cbe856818d5eddac44c7b1cdeb8

Cheniere Energy, Inc. (NYSEAMERICAN:LNG) Brief Interest Update

0

Cheniere Energy, Inc. (NYSEAMERICAN: LNG – Get Rating) saw a significant increase in short-term interest in April. As of April 30, there was short interest totaling 2,820,000 shares, an increase of 22.1% from the total of 2,310,000 shares as of April 15. Approximately 1.1% of the company’s shares are sold short. Based on an average daily trading volume of 2,480,000 shares, the short interest ratio is currently 1.1 days.

LNG has been the subject of several research reports. Wells Fargo & Company raised its price target on Cheniere Energy shares from $162.00 to $185.00 in a Monday, May 9 research note. JPMorgan Chase & Co. raised its price target on shares of Cheniere Energy from $183.00 to $192.00 in a report Thursday, May 12. Mizuho raised its price target on shares of Cheniere Energy from $145.00 to $159.00 in a Friday, May 6 report. Barclays raised its price target on Cheniere Energy shares from $131.00 to $160.00 and gave the stock an “overweight” rating in a Monday, March 14 research report. Finally, Sanford C. Bernstein raised its price target on Cheniere Energy shares from $129.00 to $134.00 in a Thursday, February 17 research report. Eleven research analysts gave the stock a buy rating and one gave the company a strong buy rating. According to MarketBeat, Cheniere Energy currently has a consensus buy rating and a consensus price target of $149.92.

The LNG stock opened at $137.05 on Wednesday. Cheniere Energy has a 12-month low of $80.06 and a 12-month high of $150.00. The stock has a market capitalization of $34.83 billion, a P/E ratio of -14.82 and a beta of 1.26. The company has a debt ratio of 24.30, a current ratio of 1.08 and a quick ratio of 0.93.

Cheniere Energy (NYSEAMERICAN:LNG – Get Rating) last reported quarterly earnings data on Wednesday, May 4. The energy company reported ($3.41) earnings per share for the quarter, missing analyst consensus estimates of $3.45 per ($6.86). Cheniere Energy recorded a negative net margin of 14.77% and a positive return on equity of 30.72%. The company posted revenue of $7.48 billion for the quarter, versus a consensus estimate of $5.56 billion. In the same quarter of the previous year, the company achieved EPS of $1.54. The company’s quarterly revenue increased by 142.2% compared to the same quarter last year. As a group, research analysts expect Cheniere Energy to post earnings per share of 10.91 for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 17. Investors of record on Tuesday, May 10 received a dividend of $0.33 per share. The ex-dividend date was Monday, May 9. This represents a dividend of $1.32 on an annualized basis and a yield of 0.96%. Cheniere Energy’s payout ratio is -14.27%.

In related news, manager Neal A. Shear sold 10,318 shares in a trade dated Thursday, March 31. The shares were sold at an average price of $140.16, for a total value of $1,446,170.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available via this hyperlink. 0.66% of the shares are held by company insiders.

Institutional investors and hedge funds have recently changed their positions in the stock. Wealthfront Advisers LLC increased its stake in shares of Cheniere Energy by 13.2% in the 1st quarter. Wealthfront Advisers LLC now owns 16,849 shares of the energy company valued at $2,336,000 after buying 1,967 additional shares last quarter. Continuum Advisory LLC purchased a new stake in shares of Cheniere Energy in Q1 valued at approximately $741,000. Linscomb & Williams Inc. increased its stake in shares of Cheniere Energy by 11.5% in the 1st quarter. Linscomb & Williams Inc. now owns 22,972 shares of the energy company valued at $3,185,000 after buying 2,362 additional shares last quarter. Virtu Financial LLC purchased a new stake in shares of Cheniere Energy in Q1 valued at approximately $3,342,000. Finally, Advisors Asset Management Inc. increased its stake in Cheniere Energy shares by 46.4% in the 1st quarter. Advisors Asset Management Inc. now owns 7,307 shares of the energy company valued at $1,013,000 after buying 2,317 more shares last quarter. Institutional investors hold 88.17% of the company’s shares.

About Cheniere Energy (Get an evaluation)

Cheniere Energy, Inc, an energy infrastructure company, is primarily engaged in liquefied natural gas (LNG) business in the United States. It owns and operates the Sabine Pass LNG terminal in Cameron Parish, Louisiana; and the Corpus Christi LNG terminal near Corpus Christi, Texas. The company also owns the Creole Trail pipeline, a 94-mile pipeline connecting the Sabine Pass LNG terminal to various interstate pipelines; and operates the Corpus Christi Pipeline, a 21.5-mile natural gas supply pipeline that connects the Corpus Christi LNG Terminal to various interstate and intrastate natural gas pipelines.

Featured Articles



Get news and reviews for Cheniere Energy Daily – Enter your email address below to receive a concise daily summary of the latest news and analyst ratings for Cheniere Energy and related companies with MarketBeat.com’s FREE daily newsletter.

Record number of Finns now favor nuclear to go green – EURACTIV.com

0

A record number of Finns are in favor of nuclear power, according to a new survey commissioned by Finnish Energy, citing the fight against climate change as the main reason.

According to the survey conducted in April and published Monday, May 16, about 60% say they are in favor of nuclear power, while only 11% say they oppose it. Support for nuclear power has been measured continuously since 1983, and the popularity of the energy source has reached its highest level since the survey was first published.

The reason for the growing popularity of nuclear has to do with the need to quickly transform the energy system by replacing fossil fuels in transportation, heating, and other uses.

Finland’s share of renewable and nuclear sources covered 87% of electricity generation in 2021. This figure is expected to reach over 90% by 2023. The new Olkiluoto 3 reactor plays an important role in the transition .

The proposed solution for storing spent nuclear fuel, which will be buried 430 meters underground, is also likely to boost the popularity of nuclear. This must isolate the spent fuel from the organic environment by means of safety solutions called anti-rejection barriers, thus preventing it from coming into contact with the environment or people.

Also read: Finnish energy company ends its contract with Rosatom for the delivery of a nuclear power plant

Meanwhile, 76% of Finns are eager to see a halt to Russian energy imports even if it would mean higher prices, another survey published on Monday (May 16) and commissioned by Greenpeace revealed.

Among those who say they are in favor of stopping Russian imports, 90% have a university degree, while only 20% in the 15-24 age group say they approve of such a decision.

News on commercial water heating and Biden

News on commercial water heating and Biden

The proposed standards would require commercial water heaters to incorporate condensing technology.

The US Department of Energy (DOE) has proposed new energy efficiency standards for commercial water heating equipment, including gas storage, tankless water heaters and gas boilers. The proposed standards would require commercial water heaters to incorporate condensing technology, which significantly reduces energy consumption by extracting additional heat from the combustion process. Energy efficiency is a key part of President Biden’s plan to cut climate pollution while saving money.

Image: United States Department of Energy

Commercial Water Heating News

“Water heating accounts for a significant portion of household energy costs and carbon emissions,” said Kelly Speakes-Backman, principal assistant assistant secretary for energy efficiency and renewable energy. “Upgrading commercial water heater technology will reduce energy costs for schools, hospitals and small businesses while removing carbon and methane from our atmosphere.”

If finalized, the proposed standards would save businesses and operators $140 million a year in operating costs. Over the next 30 years, the new standards are expected to generate savings of $2.4 billion, with an average life cycle savings of $301 for the operator of a commercial building from a water heater to gas accumulation. According to the Energy Information Administration, gas water heating accounts for 18% of natural gas consumption in commercial buildings, primarily due to inefficient, non-condensing water heating equipment that allows excess heat to escape.

In addition to projected cost savings over 30 years, the new standards will reduce carbon emissions by an amount equivalent to the annual emissions of 4.8 million homes. The new standards will also reduce methane emissions by an amount equivalent to the annual emissions of 2.3 million gasoline-powered cars.

If implemented within the timelines proposed by the DOE, the new standards will become effective in 2026. Next month, the DOE will host a public meeting via webinar to seek public comment on the proposed regulations. For more information, contact Appliance and Equipment Standards Program staff at [email protected].

The DOE’s Building Technologies Office implements minimum energy conservation standards for more than 60 categories of appliances and equipment.

Click here for more energy and facility management news and stories.

Helix Energy Solutions to buy Alliance companies

0

U.S. offshore oil and gas services company Helix Energy Solutions Group is set to buy stakes in Louisiana’s Alliance group of companies for $120 million in cash at closing, plus the possibility of additional consideration after fence.

Alliance is a privately held, Louisiana-based company that provides support services to upstream and midstream industries on the Gulf of Mexico Shelf, including offshore oil field decommissioning and reclamation, project management, engineered solutions, intervention, maintenance, repair, heavy transport, and commercial diving services.

Helix said the acquisition aligns with its energy transition business model by expanding its decommissioning presence in the Gulf of Mexico Shelf and advancing Helix’s ESG initiatives by responsibly supporting end-of-life requirements. life of oil and gas projects.

The company said the purchase bolstered its decommissioning service and field maintenance capabilities through the addition of Alliance’s comprehensive shallow water assets, including a fleet of law-compliant lift boats. Jones, offshore supply vessels, a heavy lifting barge and diving vessels. , as well as plug and dropout systems, coiled tubing systems, and damping units.

$3 billion in decom spending in North America

“[The acquisition] positions Helix to further penetrate the decommissioning market in North America, with published reports predicting nearly $3 billion in decommissioning spending between 2022 and 2025, and potential for expansion into the global market,” said Helix.

“Based on a number of market and regulatory drivers and our current expectations, we are confident that the offshore oil and gas dismantling market will experience significant growth in the near term,” said Owen Kratz, President and CEO of Helix. “This acquisition complements Helix’s current deepwater abandonment offerings by adding shelving and facility abandonment capabilities, and significantly strengthens our position as a full-service abandonment provider, both in the Gulf of Mexico than globally. We also see opportunities to expand our opportunities within our existing end-of-life manufacturing business. We are excited to add Alliance to the Helix family, and believe this acquisition is a significant step in Helix’s responsible participation in this era of energy transition.

“This transaction represents the culmination of many years of hard work, as we have developed Alliance from the ground up,” commented Alliance Owner Steve Williams. “Our recent successes in acquiring and developing businesses and assets to establish Alliance as an offshore shallow water energy services company has led us to Helix, which we consider the industry standard in deepwater energy services We are excited about the potential combination of Helix and Alliance and the value proposition we can bring to our customers.

As previously mentioned, the purchase price is equal to $120 million in cash at closing, plus the possibility of additional post-closing consideration payable in 2024, in the event that Alliance activity reaches certain metrics. in 2022 and 2023. Helix has the option to pay any earn-out in cash, Helix shares or a combination. The acquisition is expected to be finalized in mid-2022.

European capitals mull seizing Russian-linked energy assets – EURACTIV.com

0

From Sofia to Berlin, governments are planning to expropriate, nationalize and seize energy infrastructure owned by Russian-linked companies.

Bulgaria is launching a political debate on the possible expropriation of strategic assets held by Russian companies.

Pro-European Democratic Bulgaria, part of the ruling coalition, has called on the government to prepare for a possible takeover of various assets of Lukoil Bulgaria.

The company’s Neftohim refinery in the Black Sea port city of Burgas, the largest in the Balkans, supplies around 60-70% of the fuels for the Bulgarian market. The refinery is owned by Lukoil through the Swiss company Litasco, owned by a Russian parent company.

Friday, May 13, the co-leader of the Bulgarian Democratic Party, Hristo Ivanov, called for the “supplementation” of political and economic life in Bulgaria.

Democratic Bulgaria wants the introduction of a legal possibility to take control of strategic sites currently controlled by individuals associated with the Russian Federation or the Putin regime.

“For decades, the Kremlin has pursued its goals in the region through a wide range of instruments of intimidation and demoralization, propaganda of public opinion, economic dependence, erosion of institutions and corruption of the ruling elite. Bulgaria is among the countries most affected by this type of hybrid penetration in the region,” says the statement read by Ivanov.

Martin Vladimirov, an energy expert at the Center for the Study of Democracy, said that if the refinery’s management does not adopt a new strategic vision for oil supply, a new legislative framework may be needed to allow its nationalization. . “In this case, such a measure is justified, because Bulgaria’s national security is affected,” Vladimirov said.

Lukoil is also expected to encounter difficulties in Italy, where media reports in April suggested the state might nationalize its ISAB refinery.

In the event of an EU oil embargo, Italy could consider the temporary expropriation of the ISAB/Lukoil refinery in Sicily as an option, sources confirmed to EURACTIV Italy on Monday. While Italy’s refining capacity is very limited, ISAB covers around 23% of global capacity with an annual production of 16 million tonnes.

Italy’s Lukoil refinery – which employs around 8,000 people in Sicily, where employment rates are among the lowest in Europe – currently buys 30-40% of its crude oil from Russia. An oil ban would therefore likely lead to ISAB shutting down production and relocating, leading to severe job losses and a potentially devastating impact on the local economy.

Meanwhile, in Germany, the government hopes to enact a law that will allow the expropriation of critical infrastructure, EURACTIV Germany reports.

“These changes [to the 1975 energy security act] give us the opportunity to put critical infrastructure under – yes – guardianship or, as a last resort, expropriation,” State Secretary for Economics and Climate Michael Kellner told the German parliament on Thursday (May 12).

“We should surely learn a lesson from this crisis: that we never again hand over critical infrastructure into the hands of Russia or into the hands of states that look like Russia. It was a mistake, after all,” he added.

Expropriation and reconstruction

Meanwhile, on May 9, members of the European Parliament spoke out in favor of using seized Russian assets to arm and rebuild Ukraine.

With estimates of the value of seized Russian funds and assets reaching some $300 billion, 80 MPs said they should be reallocated to help fund the daunting task of rebuilding Ukraine’s towns and villages that have been destroyed due to the invasion of Moscow.

A letter calling for action has been sent to EU foreign policy chief Josep Borrell asking “the European Commission to present an urgent legislative proposal providing a clear framework to redeploy Putin’s treasury to protect and rebuild Ukraine”. It should also coordinate with international partners to set up a reconstruction and defense fund with Russia’s frozen international reserves, the letter continued.

On May 5, European Council President Charles Michel also came out in favor of reallocating Russian billions in the same way.

“Personally, I am absolutely convinced that it is extremely important not only to freeze the assets but also to allow them to be confiscated, to be made available for the reconstruction of the country (Ukraine)”, declared Michel, president of the European Council. the Interfax-Ukraine news agency.

Although Berlin, Rome and Sofia have not mentioned repurposing in their efforts to expropriate, nationalize, seize and freeze, questions remain about what will happen to these assets in the medium and long term.

Collaborative Virtual Fence Study Aims to Advance Conservation and Livestock Outcomes | Agriculture / Energy

By CNHI News Service

Imagine raising livestock without traditional fencing and costly, time-consuming fence repairs. Two Kansas State University ecologists are working to make this vision a reality while benefiting streams and birds. It’s part of a multi-partner research project using virtual electronic livestock fencing in the Flint Hills of Kansas.

Virtual fencing is achieved through special cattle collars and advanced GPS tracking that can be used to create exclusion zones or move livestock without the need for physical fencing.

The Nature Conservancy is partnering with Kansas State University, the National Park Service, the Kansas Grazing Lands Coalition, and private growers to determine if virtual fences can help managers improve conservation, business, and environmental outcomes. of soil carbon on working cattle ranches in the United States. K-State received a $435,000 grant from The Nature Conservancy to study conservation aspects of the project in Kansas.

This K-State work is part of a $2 million three-site project that is also evaluating how soil carbon and livestock outcomes can be improved with innovative management options made possible by virtual fencing. . Other project sites are located in Colorado and New Mexico.

The Flint Hills are home to some of the last tallgrass prairies in the United States. During the five-year study, Alice Boyle, associate professor of biology, and Walter Dodds, distinguished professor of biology at the university, will serve as co-K-State principal investigators.

They seek to understand how grazing practices created by virtual fences affect grassland vegetation, watersheds and birds in the Tallgrass Prairie National Preserve and the nearby Mushrush Red Angus Ranch near Strong City.

The experiments will allow Boyle to assess the impacts of virtual fencing on the habitat of grassland-dependent birds, including Greater Greater Prairie-Chicken and Henslow’s Sparrow. Dodds will study effects on riparian zones – areas bordering bodies of water – and water quality.

“This is a great opportunity for us to test how to use virtual fencing to protect waterways in the Flint Hills,” Dodds said. “Along with the management concerns of tallgrass prairie and the Flint Hills, ranchers and researchers seek to align conservation and beef production goals.”

Cattle grazing mimics the original bison grazing, which is an important part of the prairie ecosystem.

Grazing helps create the habitat patches needed by tallgrass birds and is also a land management tool.

According to the researchers, this project will help uncover potential new conservation and land management practices by precisely controlling livestock movements.

“Grazers are really an important part of the system,” Boyle said. “Many grassland birds depend on livestock. It’s all in the details – amounts, locations and times. This project is going to be a huge step forward in being able to manage grazing at fine spatial scales to get the vegetation structure birds need.

The Nature Conservancy strives to advance the use of land management tools and practices that enhance grassland habitats and to support the adoption of best practices by ranchers, resource professionals, and other land managers. lands.

“In the area of ​​Tallgrass Prairie National Preserve where we will be using virtual fencing, we are not able to use a full three-year rotation of slash-and-burn grazing,” said Flint Initiative Manager Anthony Capizzo. Hills at The Nature Conservancy. “This project has the potential to increase the diversity of habitat types to create a more complex grassland with positive effects on livestock management and economic viability.”

Mushrush Red Angus, a private ranch owned by Daniel Mushrush, adjoins the reserve and is a partner in the research project. Mushrush seeks to support the conversational goals of The Nature Conservancy, but also to ensure the prosperity of its business.

“We’re using 21st century technology to solve more than one problem at a time,” Mushrush said.

“By using these collars on both sides of property lines, we are protecting prairie chicken leks and riparian areas and at the same time grazing more efficiently and smarter.”

NGL Energy Partners (NYSE:NGL) vs. Enterprise Products Partners (NYSE:EPD) Head to Head Contrast

0

NGL Energy Partners (NYSE: NGLGet a rating) and Enterprise Product Partners (NYSE:EPDGet a rating) are both oil/energy companies, but which is the better stock? We’ll compare the two companies based on earnings strength, valuation, risk, dividends, institutional ownership, profitability, and analyst recommendations.

Benefits and evaluation

This table compares the gross revenue, earnings per share and valuation of NGL Energy Partners and Enterprise Products Partners.

Gross revenue Price/sales ratio Net revenue Earnings per share Price/earnings ratio
NGL Energy Partners $5.23 billion 0.05 -$639.82 million ($3.75) -0.52
Enterprise Product Partners $40.81 billion 1.39 $4.64 billion $2.08 12.54

Enterprise Products Partners has higher revenues and profits than NGL Energy Partners. NGL Energy Partners trades at a lower price-to-earnings ratio than Enterprise Products Partners, indicating that it is currently the more affordable of the two stocks.

Institutional and Insider Ownership

30.2% of the shares of NGL Energy Partners are held by institutional investors. By comparison, 27.3% of Enterprise Products Partners’ shares are held by institutional investors. 37.5% of the shares of Enterprise Products Partners are held by insiders. Strong institutional ownership indicates that hedge funds, large fund managers, and endowments believe a company will outperform the market over the long term.

Analyst Notes

This is a breakdown of the current recommendations and price targets for NGL Energy Partners and Enterprise Products Partners, as provided by MarketBeat.

Sales Ratings Hold odds Buy reviews Strong buy odds Rating
NGL Energy Partners 0 0 0 0 N / A
Enterprise Product Partners 0 3 5 1 2.78

Enterprise Products Partners has a consensus target price of $29.14, suggesting a potential upside of 11.74%. Given Enterprise Products Partners’ likely higher upside, analysts clearly believe that Enterprise Products Partners is more favorable than NGL Energy Partners.

Profitability

This table compares the net margins, return on equity and return on assets of NGL Energy Partners and Enterprise Products Partners.

Net margins Return on equity return on assets
NGL Energy Partners -6.04% -28.00% -2.13%
Enterprise Product Partners 10.28% 18.08% 7.03%

Risk and Volatility

NGL Energy Partners has a beta of 2.22, suggesting that its stock price is 122% more volatile than the S&P 500. By comparison, Enterprise Products Partners has a beta of 1.15, suggesting that its stock price is its stock is 15% more volatile than the S&P 500.

Summary

Enterprise Products Partners beat NGL Energy Partners on 12 out of 14 factors compared between the two stocks.

About NGL Energy Partners (Get a rating)

NGL Energy Partners LP is engaged in the logistics of crude oil and liquids, and water solutions. The Company’s Crude Oil Logistics segment purchases crude oil from producers and traders and transports it to refineries for resale at pipeline injection stations, storage terminals, barge loading facilities, railroads, refineries and other commercial centres; and provides storage, terminal and pipeline transportation services. Its Water Solutions segment transports, treats, recycles and disposes of produced water and flowback water generated from oil and natural gas production; removes solids, such as tank bottoms, drilling fluids and muds, and washes trucks and frac tanks; and sells produced water for reuse and non-potable brackish water. The Company’s Liquids Logistics segment supplies natural gas liquids, refined petroleum products and biodiesel to commercial, retail and industrial customers in the United States and Canada through its 28 terminals, storage and third-party terminals and its public transport pipelines, as well as by fleet of leased railcars. This segment is also involved in the marine export of butane through its facility located in Chesapeake, Virginia; and offers terminal and storage services. NGL Energy Holdings LLC is the general partner of the company. The company was founded in 1940 and is based in Tulsa, Oklahoma.

About Partners Enterprise Products (Get a rating)

Enterprise Product Partners LogoEnterprise Products Partners LP provides midstream energy services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, petrochemicals and refined products. The Company operates through four segments: NGL Pipelines and Services, Crude Oil Pipelines and Services, Natural Gas Pipelines and Services, and Petrochemicals and Refined Products Services. The NGL Pipelines & Services segment offers natural gas processing and related NGL marketing services. It operates 19 natural gas processing facilities located in Colorado, Louisiana, Mississippi, New Mexico, Texas and Wyoming; NGL pipelines; NGL fractionation facilities; storage facilities for NGLs and related products; and NGL marine terminals. The Crude Oil Pipelines & Services segment operates crude oil pipelines; and crude oil marine and storage terminals, which include a fleet of 255 semi-trailer tankers used to transport crude oil. It is also engaged in crude oil marketing activities. The Gas Pipelines and Services segment operates gas pipeline networks to collect, process and transport natural gas. It leases underground salt-dome natural gas storage facilities in Napoleonville, Louisiana; owns an underground salt dome storage cavern in Wharton County, Texas; and markets natural gas. The Petrochemical and Refined Products Services segment operates propylene fractionation and related marketing activities; butane isomerization complex and associated deisobutanization operations; and facilities for octane improvement and production of high purity isobutylene. It also operates refined product pipelines and terminals; and ethylene export terminals, as well as refined product marketing and shipping services. The company was founded in 1968 and is based in Houston, Texas.



Receive daily news and reviews for NGL Energy Partners – Enter your email address below to receive a concise daily summary of the latest news and analyst ratings for NGL Energy Partners and related companies with MarketBeat.com’s FREE daily newsletter.

Targa Resources Corp. (NYSE:TRGP) sees sharp drop in short-term interest

0

Targa Resources Corp. (NYSE: TRGPGet a rating) was the target of a significant drop in short interest in the month of April. As of April 30, there was short interest totaling 2,780,000 shares, a decrease of 28.0% from the April 15 total of 3,860,000 shares. Currently, 1.2% of the stock’s shares are sold short. Based on an average daily trading volume of 1,710,000 shares, the short interest ratio is currently 1.6 days.

Several research companies have weighed in on TRGP. Truist Financial raised its target price on Targa Resources from $69.00 to $78.00 in a Wednesday, March 2 research note. TheStreet upgraded Targa Resources from a ‘b-‘ rating to a ‘c’ rating in a Thursday, March 3 research note. Raymond James raised his target price on Targa Resources from $80.00 to $92.00 and gave the stock a “Strong Buy” rating in a Wednesday, April 20 research note. Evercore ISI upgraded Targa Resources from an “in-line” rating to an “outperforming” rating and set a target price of $62.00 for the company in a Monday, February 7 research note. Finally, Bank of America reduced its target price on Targa Resources from $73.00 to $72.00 and set a “buy” rating for the company in a Tuesday, January 18 research note. One analyst gave the stock a hold rating, eleven gave the stock a buy rating and one gave the company a high buy rating. According to MarketBeat.com, Targa Resources currently has a consensus rating of “Buy” and a consensus price target of $73.25.

NYSE TRGP opened at $71.28 on Friday. The company has a market capitalization of $16.25 billion, a price-earnings ratio of -122.89 and a beta of 2.52. Targa Resources has a 12-month low of $37.13 and a 12-month high of $81.50. The stock has a fifty-day simple moving average of $73.52 and a 200-day simple moving average of $62.57. The company has a quick ratio of 0.62, a current ratio of 0.65 and a debt ratio of 1.73.

Targa Resources (NYSE: TRGPGet a rating) last released its quarterly earnings data on Thursday, May 5. The pipeline company reported earnings per share of $0.06 for the quarter, missing consensus analyst estimates of $0.75 per ($0.69). Targa Resources posted a negative net margin of 0.22% and a positive return on equity of 8.24%. During the same period last year, the company earned earnings per share of $0.53. Research analysts expect Targa Resources to post earnings per share of 3.79 for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 16. Shareholders of record on Friday, April 29 will receive a dividend of $0.35. This represents an annualized dividend of $1.40 and a dividend yield of 1.96%. Targa Resources’ dividend payout ratio (DPR) is currently -241.38%.

In a similar vein, director Rene R. Joyce sold 15,000 shares of the company in a trade that took place on Thursday, March 3. The stock was sold at an average price of $67.86, for a total value of $1,017,900.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, accessible via the SEC website. Also, director Joe Bob Perkins sold 2,150 shares of the company in a trade on Tuesday, April 12. The stock was sold at an average price of $78.01, for a total value of $167,721.50. Following the sale, the director now owns 213,868 shares of the company, valued at $16,683,842.68. Disclosure of this sale can be found here. During the last quarter, insiders sold 55,094 shares of the company valued at $4,176,872. 1.10% of the shares are currently held by insiders.

Several hedge funds have recently bought and sold shares of the company. Quadrant Capital Group LLC increased its position in Targa Resources shares by 2.0% in the first quarter. Quadrant Capital Group LLC now owns 8,085 shares of the pipeline company worth $610,000 after acquiring 162 additional shares in the last quarter. Northwestern Mutual Investment Management Company LLC raised its position in Targa Resources shares by 0.5% in the fourth quarter. Northwestern Mutual Investment Management Company LLC now owns 37,957 shares of the pipeline company worth $1,983,000 after acquiring 185 additional shares last quarter. Veritable LP raised its position in Targa Resources shares by 4.4% in the first quarter. Veritable LP now owns 4,343 shares of the pipeline company worth $328,000 after acquiring 185 additional shares in the last quarter. Moneta Group Investment Advisors LLC raised its position in Targa Resources shares by 0.8% in the first quarter. Moneta Group Investment Advisors LLC now owns 23,890 shares of the pipeline company worth $1,803,000 after acquiring 192 additional shares last quarter. Finally, National Asset Management Inc. raised its position in Targa Resources shares by 2.4% in the 1st quarter. National Asset Management Inc. now owns 8,175 shares of the pipeline company worth $617,000 after acquiring 193 additional shares in the last quarter. 91.93% of the shares are held by hedge funds and other institutional investors.

About Targa Resources (Get a rating)

Targa Resources Corp., together with its subsidiary, Targa Resources Partners LP, owns, operates, acquires and develops a portfolio of midstream energy assets in North America. It operates in two segments, Collection and Processing, and Logistics and Transportation. The company is engaged in the gathering, compression, treatment, processing, transportation and sale of natural gas; storage, fractionation, processing, transportation and sale of natural gas liquids (NGLs) and NGL products, including services to liquefied petroleum gas exporters; and the gathering, purchase, storage, terminaling and sale of crude oil.

See also



Receive daily news and reviews for Targa Resources – Enter your email address below to receive a concise daily summary of breaking news and analyst ratings for Targa Resources and related companies with MarketBeat.com’s free daily email newsletter.

SAFuelsX among companies vying for second round of Clean Sustainable Energy Authority grants |

0

A Trenton company is among those vying for grants in the second round of grants from North Dakota’s Clean Sustainable Energy Authority.

The Clean Sustainable Energy Authority still has $17 million in grants to award and $115 million in loans, after recommending $28 million in grants and $135 million in loans in its first round of grant applications.

Eight applications are in the second round, including SAFuelsX, which proposed to build a renewable diesel or aviation fuel production plant in Trenton. It is asking for a $10 million grant and a $25 million loan for the project, which is estimated to cost $357 million to produce renewable diesel and sustainable aviation fuels.

The Clean Sustainable Energy Authority plans to meet next at 11 a.m. on May 16 to consider its final round of grant applicants. The technical committee met on Monday, May 10 to develop recommendations.

SAFuelsX is a different venture from the gas-to-liquids plant that Cerilon has proposed to build in the same general area.

On its website, SAFuelsX has announced plans to begin site and small building preparation in the spring of 2022. They have already obtained site permits and approvals, including a federally mandated environmental assessment.

Construction of the plant is expected to require around 150 people per day, with peak employment of 300. It does not indicate how many people would be employed full-time.

SAFuelsX plans to source vegetable oil feedstock from soybeans or canola, two common MonDak crops to produce aviation fuels or renewable diesel fuels. Raw materials and products will be shipped via Savage Services.

In aviation fuel mode, the company expects to need 70 railcars per day to ship its product. They would use half that number in diesel fuel mode.

The initial capacity would be 10 cars per day of incoming vegetable oil, or 273,000 gallons per day.

Williams County has already approved a conditional use license for AIC Corporation. On that application, the company says it will process 100 million gallons of renewable fuel per year, using soybean or canola oil, on an 87-acre parcel in Buford Township.

John Melk is listed as the owner of AIC Energy Corporation, the parent company of SAFuelsX. AIC lists an address in Las Vegas, Nevada.

Other applicants for the CSEA Round 2 Grants and Loans funding process include:

Digital Stream Energy requested a $15 million loan for a $58 million project involving flare mitigation/elimination through wellsite energy harvesting and advanced computing.

Hydroil Solutions applied for a $2.5 million grant for a $13.8 million project to build a slurry injection well for TENORM disposal

Carbon America Developments and Midwest AgEnergy Group have requested a $34.6 million loan for a $68.9 million carbon dioxide capture and sequestration project in McLean County

Enerplus Resources has requested a grant of $9.055 million for an $18 million project for an internal combustion engine for carbon capture and sequestration.

Dakota Green Power applied for a $5.37 million grant for a $10.985 million project accelerating the waste-to-energy commercialization pathway for the sandwich gasifier.

BWR Innovations applied for a $5.764 million grant for a $16.4 million project for a green hydrogen generation and storage system.

Minnkota Power has requested a $150 million loan for its $1.45 billion Tundra Project, a flagship carbon capture and sequestration project in North Dakota.

Fifth Circuit hearing Biden oil, gas lease sale case

Lawyers for both sides clashed in court with competing arguments for and against President Joe Biden’s moratorium on oil and gas lease sales.

Lawyers representing a 13-state coalition that sued the moratorium argued the Biden administration couldn’t simply cancel rental sales without providing a reasoned analysis of why previously approved sales were suddenly canceled. .

Lawyers for the Biden administration, meanwhile, have argued that lease sales have a long history of cancellations and postponements for a variety of reasons. The postponement of sales is not a particularly significant overhaul that is against the law, they argued.

Judges at the hearing expressed skepticism that any laws were broken during the hearing, asking Louisiana attorney Scott St. John if the states he represents n don’t try to “get ahead of everyone else”.

It is unclear when the judges will render a decision. The case is Louisiana v. Biden, 21-30505, 5th Circuit Court of Appeals.

FERC continues to fight climate change

Willie Phillips, President Joe Biden’s nominee to serve on the Federal Energy Regulatory Commission, outlined his views on climate change during a recent Energy Bar Association speech.

Phillips said scientifically backed reviews of climate change impacts must remain an integral part of any revisions to the agency’s pipeline approval policies.

The backlash over FERC’s proposed pipeline approval policy changes forced the agency to backtrack and reconsider its proposal. That process is still ongoing, with the agency widely divided along party lines over how to handle the challenge.

SEC extends comment period for climate risk changes

Meanwhile, the SEC announced it was reopening and extending its comment period for a proposal that would require publicly traded companies to disclose more about climate risks.

Critics of the proposal have questioned whether it should even be part of the SEC’s umbrella, which has more generally focused on financial reporting matters more directly related to products and services.

Proponents, meanwhile, say issuers should tell investors how their capital is being used and that this should not fall outside the authority of the SEC.

Colonial faces a $1 million fine

Regulators have proposed a $1 million fine against Colonial Pipeline for multiple likely violations of pipeline safety regulations, in connection with a successful cyberattack on the pipeline last year.

“The 2021 Colonial Pipeline incident reminds us all that compliance with regulatory standards designed to mitigate risk to the public is imperative,” said PHMSA Deputy Administrator Tristan Brown. “PHMSA holds companies accountable for violations and aims to prevent any instances of non-compliance.”

PHMSA says it based the fine on its inspection of Colonial Pipeline Company’s procedures and records for control room management, and determined that the company was in likely violation of several safety rules, including failure to adequately plan and prepare for the manual shutdown and restart of its pipeline system.

Colonial will have the opportunity to challenge the decision in whole or in part. They may also request and be granted an informal hearing before an agency president before the proposed civil penalty is finalized.

For those interested in the finer details, logs of app activity are online at https://tinyurl.com/3h3c5339.

Why the DeSantis Ve4to of Net Metering Invoice Matters

In the Sunshine State, we get an average of 32 more sunny days per year than the national average, and our sunlight is more intense than most other states.

As we transition to a cleaner energy mix, solar makes sense in Florida, especially since it has rapidly become more affordable. That’s why Governor Ron DeSantis’ decision to veto the net metering bill, despite Republican support, was the right thing to do.

Net metering refers to the ability of consumers to sell the electricity they do not use back into the power grid at market price. When the sun is particularly strong and long-lasting, as it is in most of Florida, it generates more electricity than customer demand at that time.

When solar customers generate more electricity than they can use or store, net metering gives them the ability to sell it back to the wider grid. This, in turn, increases energy efficiency, makes the grid cleaner and more reliable, and provides additional incentive to adopt clean energy. Allowing net metering should be a no-brainer. That’s why 84% of Floridians support him.

The aforementioned bill would have phased out net metering over the next eight years in Florida. Proponents have argued that net metering is actually a subsidy for rooftop solar adopters paid by non-solar Florida households, but they have provided nothing substantial to back it up.

Governor Ron DeSantis

Still, the bill passed the state legislature with bipartisan support. Fortunately, DeSantis made the difficult decision to go against his party when he vetoed the bill.

As a conservative, DeSantis should be in favor of the current net metering deal, which is tied directly to market prices.

Net metering is an innovation that free market proponents should champion because it uses markets to monetize electricity that would otherwise be wasted, thereby increasing the economic and environmental efficiency of the grid. Florida politicians rightly tout the freedoms it provides and allowing residents to capitalize on the natural gift of sunlight is the ultimate freedom.

Outside of utility company claims behind the effort, there’s little evidence that net metering actually imposes significant costs on non-solar customers, a fact DeSantis mentioned in his veto letter. His short-term concern is that it would put additional economic pressure on Floridians as they experience runaway inflation.

By vetoing the bill, DeSantis also saved many jobs in Florida’s booming solar industry.

According to a 2021 report by Conservatives for Clean Energy Florida, the rooftop solar industry supports 40,462 jobs and contributes $18.3 billion to the state’s economy on an annual basis. According to the Solar Energy Industries Association (SEIA), Florida is ranked third in the nation in terms of solar energy capacity, just behind California and Texas.

Photovoltaic panels

Florida’s solar industry is thriving, but it must continue to grow rapidly if our country is to meet its decarbonization goals. Due to our location, size, and population, Florida should encourage solar energy, especially through market-based programs such as net metering. Governor DeSantis has embraced clean energy innovation over partisanship, and Florida will be better off for it.

Logan Luse

Logan Luse is the Florida State Director at the American Conservation Coalition (ACC). He lives in Melbourne.

JOIN THE CONVERSATION

Send letters to the editor (up to 200 words) or Your Turn columns (approximately 500 words) to [email protected] Please include your address for verification purposes only, and if submitting a Your Turn, also include a photo and 1-2 line biography of yourself. You can also submit anonymous Zing!s at Tallahassee.com/Zing. Submissions are posted as space permits. All submissions may be edited for content, clarity, and length, and may also be published by any part of the USA TODAY NETWORK.

Market correction: 3 value stocks to buy

0

Image source: Getty Images

the TSX reached market correction territory this week, after falling 10.8% from 2022 highs on March 29. On Friday, stocks started to climb again, led by the tech sector. But don’t fall into the same trap again. Motley Fool investors should always look to value stocks.

Value stocks are those that trade below fair value and have a long history of strong growth. The energy sector has always been a stable place to look, but I don’t think that’s the case these days when it comes to oil and gas.

The oil and gas sector remains volatile as many countries shift to clean energy. That’s why these three value stocks from the energy sector are stronger choices for long-term holders looking for a quick boost.

Canadian public services

Canadian public services (TSX: CU) is one of the best options among value stocks for those looking for growth through the transition from oil and gas. The company provides energy both by natural gas, but also by hydroelectricity. This provides multiple revenue streams that can be taken away once the world becomes dependent on clean energy.

Still, the company remains in value territory, trading at 2.02 times book value. During this time, the shares did not fall, unlike other energy stocks. Instead, value stocks like Canadian Utilities have gone up, down and up. The shares are up 6% since the start of the year. Plus, you get a nice dividend yield of 4.53% from this stable stock.

HURA

If you want to get into one of the fastest growing energy spaces, then you want to look at uranium stocks. But that can be tough right now, as the industry is full of volatility. That’s why I would recommend among value stocks to choose Horizons Global Uranium Index ETF (TSX:HURA). This exchange-traded fund (ETF) focuses solely on uranium. So you have access to growth from a variety of sources rather than just one title.

The stock is still in correction, down around 10.5% since the start of the year and 29% last month. But today, that seems to be changing, so you can jump into value stocks to maybe see a quick recovery towards those highs. And there’s a nice little dividend of 0.47% in there too.

Brookfield Power

So now we have value stocks that offer stability and slow growth, or more volatility and perhaps higher rewards. But what if you want somewhere in the middle? It would be Brookfield Renewable Partners (TSX:BEP.UN)(NYSE:BEP). Brookfield has its hands in just about everything, just about everywhere when it comes to clean energy assets. And that’s huge right now, given the massive movement in Europe.

The company continues to post strong earnings, while remaining in value territory, trading at 1.87 times book value. And its future price/earnings ratio is crazy at 1,670! This shows that analysts believe massive growth is in the company’s immediate future.

Still, the stocks are down 2% among value stocks and 13% since mid-April. But stocks slowly rallied on Friday after news broke of the market correction. So investors can pick it up for quick returns and add a solid 3.7% dividend yield to their portfolio.

Crew Energy Inc. (OTCMKTS:CWEGF) Brief Interest Update

0

Crew Energy Inc. (OTCMKTS:CWEGF – Get Rating) was the target of a significant drop in short-term interest during the month of April. As of April 30, there was short interest totaling 65,100 shares, down 47.5% from the total of 124,000 shares as of April 15. Based on an average daily trading volume of 115,100 shares, the day-to-cover ratio is currently 0.6 days.

CWEGF opened at $3.68 on Friday. The company’s fifty-day moving average price is $3.67 and its two-hundred-day moving average price is $2.91. Crew Energy has a fifty-two week low of $0.86 and a fifty-two week high of $4.88.

A number of research analysts have weighed in on the stock. National Bank Financial raised its price target on Crew Energy shares from C$5.75 to C$6.00 in a Friday, May 6 research report. BMO Capital Markets raised its price target on Crew Energy from C$7.00 to C$8.00 in a Friday, May 6 research report. Raymond James raised his price target on Crew Energy from C$5.00 to C$6.00 in a Wednesday, March 9 report. Stifel Nicolaus raised his price target on Crew Energy from C$7.50 to C$8.75 in a report on Monday. Finally, Scotiabank raised its price target on Crew Energy shares from C$6.50 to C$7.00 in a Friday, May 6 research note. Two research analysts gave the stock a hold rating and five gave the stock a buy rating. According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of $7.15.

Company Profile Crew Energy (Get a rating)

Crew Energy Inc is engaged in the acquisition, exploration, development and production of crude oil, natural gas and natural gas liquids (NGLs) in Canada. It primarily holds interests in Septimus, West Septimus, Groundbirch/Monias, Tower and Attachie, areas located southwest, south and west of Fort St.

See also



Get news and reviews for Crew Energy Daily – Enter your email address below to receive a concise daily summary of breaking news and analyst ratings for Crew Energy and related companies with MarketBeat.com’s free daily email newsletter.

4,100 Feet Underground, Scientists Test Unique Geothermal Energy System

0

The team collaborates to assemble and test the “rock star” system 4,100 feet underground

A team of scientists have assembled a one-of-a-kind system to help them figure out how to harness energy from deep underground.

The Boost and Flow System is the newest “rock star” from Pacific Northwest National Laboratory (PNNL) and its partners, designed to study how water moves underground through extremely hot rocks and then transmits the surface heat.

The new system is part of Enhanced Geothermal Systems—or EGS—Collab, a project involving multiple national laboratories, universities, and industry partners working to improve geothermal technologies.

PNNL Pacing and Flow System

A team led by Pacific Northwest National Laboratory has assembled a one-of-a-kind system to help them figure out how to harness energy from deep underground. Credit: Chris Strickland | Pacific Northwest National Laboratory

Multiple components, one system

The mine, which was once considered the largest and deepest gold mine in North America, is currently used for a variety of scientific purposes. A project examines how geothermal energy could one day power 10 million homes.

The EGS Collab uses the underground facility as a test bed where water and other fluid mixtures will be pumped under high pressure into one of five boreholes – four-inch-wide “tunnels” drilled in the rock – then pumped out of the other boreholes. The team is studying how the fluids not only break up the rock between boreholes, but also how they obtain heat from the energy stored in the rock, energy that can eventually be pumped above ground to produce electricity.

To support the efforts of EGS Collab, the team developed the system, consisting of several instruments essential to their study.

“The uniqueness of this system is that it brings together several components necessary to glean important data for geothermal study in a single system,” said Chris Strickland, the PNNL scientist who co-leads the simulation and design team. EGS Collab stream. “It doesn’t exist anywhere else.”

PNNL Flow System Stimulation and Measurements

The unique stimulation and flow system measures 7 feet wide, 7 feet high and 30 feet long. Credit: Chris Strickland | Pacific Northwest National Laboratory

These components include two injection pumps that can each inject fluids into the rock at high pressure. One pump can be used for very precise flow and pressure control, while the other can be used when high flow rates are required.

A fluid cooler creates cold water so the team can study how water temperatures affect the thermal properties of rock. A reverse osmosis system allows the team to glean data on the water’s flow path by altering the salinity – or salinity – of the injected fluid.

The system also includes a set of five “packers” which are inserted into the boreholes. The conditioners are equipped with sensors that provide temperature and pressure measurements. Pressure bladders on the packers, along with control pumps, seal the boreholes and prevent leakage out of the intended borehole section.

“The uniqueness of this system is that it brings together several components necessary to glean important data for geothermal study in a single system. This does not exist anywhere else.” — Chris Strickland

The level of precise control and integration is a unique aspect of the system, providing quality data needed to advance scientific understanding.

“The best part is that the system is self-contained, which means we can operate it and collect data above ground using a laptop or home phone,” said Strickland. “That way we don’t spend as much time underground.”

Go deep, in pieces

“We first assembled and tested the system in an above-ground lab to make sure everything worked,” Strickland said. “Then we took it apart, ran the 4ft by 4ft parts underground a mile, took them to our underground site in a wagon, reassembled the system and tested it again.”

The complete system, which measures 7 feet high by 7 feet wide and 30 feet long, took three weeks to build underground. The system was built and tested by PNNL and EGS Collab partners at Sandia National Laboratories, Idaho National Laboratory, and Lawrence Berkeley National Laboratory.

Strickland added: “You would think working in a 7ft tunnel a mile underground would be uncomfortable. However, air is continuously pumped in from the surface to keep the tunnels at a constant 70 degrees and provide fresh air to breathe. Workdays are long, starting at 6:30 a.m. and ending at 6:30 p.m., with limited opportunities to get to the surface.

EGS Collab’s infrastructure and research is supported by the Department of Energy’s Office of Geothermal Technologies. The system will provide data for many months or even years. The results of this project will contribute to the development of new geothermal energy technologies for industry.

“Individually, the components provide good useful data,” Strickland said. “Together in one system, the EGS Collab will receive the most comprehensive data to help drive the future of geothermal energy.”

mayor of Kamloops and union boss satisfied with the sale of the plant to Kruger | Radio NL

The Kamloops Pulp Mill (Photo via Kruger)

The union representing workers at the Kamloops pulp mill says it fully supports Kruger’s impending acquisition of Montreal.

Unifor Local 10B president Sheldon Morris told NL News they had been hearing rumors about the sale over the past few weeks, adding they were ‘very happy’ Kruger would become the new owner. .

“They’re in containerboard, biometrics, real estate, wines, spirits, energy… you name it. They’re kind of a very diverse company,” Morris said. “So, yeah, we’re excited to meet them over the next few weeks and see what their vision for the factory is.”

Still, he noted they will have questions for Kruger when company officials come to meet with union representatives in the coming weeks, including the future of the plant itself.

“We’ve had huge turnover and retirees over the last five to seven years,” Morris said. “We have a lot of young workers here who are starting their careers and they would like to see this plant running for another 20 to 30 years.

“It’s one of the best pulp mills in British Columbia. It’s sort of one of the beacons when it comes to pulp mills in British Columbia and now, with Kruger on board, we’re very excited about the future of this mill.

Kruger officials told NL News they would not comment further publicly on their plans for the plant until they can first meet with their new employees and finalize the acquisition in the coming weeks.

Mayor Ken Christian also thinks the sale of the Kamloops pulp mill to Kruger will be a good move for employees, calling it a “great addition to the economic landscape” of the city.

“Kruger is a Canadian company with an excellent track record. They are a major supplier of paper products in North America and I think they view this mill as an integral part of their business,” Christian told NL News.

“When I arrived, it was the Weyerhaeuser factory, then it became the Domtar factory and now it will be the Kruger factory. Names change and owners change, but I think the safety record and contribution to the economy will remain the same.

Christian adds that he was informed of the sale three weeks ago, noting that the City plans to meet with the new owners of the plant as soon as possible.

“Taxation is definitely a topic of conversation,” he said. “We also want to tell them about the new overhead conveyor. We want to tell them about some of the environmental initiatives and some of their energy conservation initiatives.

“[We also want to talk about] Domtar lands and industrial expansion as well as secondary access to the plant site. There are a number of projects we look forward to telling them about.

The sale of the plant to Kruger – required by Canada’s Competition Bureau as part of Domtar’s $3 billion merger with Paper Excellence of Richmond – is expected to close by the end of next month.

The pulp mill is a major employer in Kamloops with approximately 350 workers. It is also the city’s largest taxpayer, paying about $5 million in property taxes each year.

– With files from Paul James

IKEA US partners with SunPower to bring solar home solutions to the US

0

Home Solar with IKEA is set to launch in fall 2022 in select California locations for loyal IKEA Family members

CONSHOHOCKEN, Pa., May 12, 2022 /PRNewswire/ — IKEA US and SunPower Corp. (NASDAQ: SPWR), a leading provider of residential solar technology and energy services, today announced that they are partnering to make solar power easier to access. Through this collaboration, members of the IKEA Family loyalty program will be able to purchase solar home solutions, available through SunPower, to generate and store their own renewable energy and live more sustainably. Home Solar with IKEA is expected to launch in some California markets in the fall of 2022.

“At IKEA, we are passionate about helping our customers live more sustainable lives at home. We are proud to partner with SunPower to bring this service to the United States and empower our customers to make individual choices aimed at reducing their overall climate footprint,” said Javier Quiñones, CEO and Chief Sustainability Officer, IKEA US. “Launching Home Solar with IKEA will give more people more control over their energy needs, and our goal is to offer the clean energy service at other IKEA locations in the future.”

Home Solar with IKEA combines the strengths of IKEA retail and home living knowledge with the expertise of SunPower, a trusted brand with over 35 years of experience in the solar industry. SunPower is known for providing high quality, innovative solar products and facilitating customers’ transition to renewable energy. SunPower’s systems are backed by the company’s comprehensive Trusted Warranty, which covers everything from panels and racks to hardware and storage monitoring.¹.

“We are excited to bring great solar products to IKEA customers through a one-stop, easy shopping experience,” said Pierre Faricy, CEO of SunPower. “Together with IKEA, we can help bring the incredible benefits of solar power to more people and realize our shared value of having a positive impact on the planet.”

Home Solar with IKEA is just one of the many ways IKEA is working to become circular and climate positive by 2030. In the US, IKEA has a strong renewable energy portfolio – including 2 wind farms , 2 solar parks, 2 geothermal systems, seven biogas- fuel cells and solar panels on the roofs of 90% of IKEA sites.

IKEA US also recently launched the Buy Back & Resell service nationwide in 37 stores. The service gives IKEA Family members the opportunity to resell their gently used IKEA furniture in exchange for IKEA store credit. Participants will be able to give their furniture a second life through resale in the As Is section of the store, providing an even more durable and affordable option for many people.

About IKEA
At IKEA, the vision is to create a better everyday life for as many people as possible by providing well-designed, functional and affordable home furnishings of high quality, made with respect for people and the environment. Ingka Group (Ingka Holding BV and its controlled entities) is one of 12 different groups of companies that own and operate IKEA retail under franchise agreements with Inter IKEA Systems BV Ingka Group has three business segments. activity: IKEA Retail, Ingka Investments and Ingka Centres. Ingka Group is a strategic partner of the IKEA franchise system, operating 389 IKEA stores in 32 countries, including 51 outlets in the United States.

For more information on IKEA US, see IKEA-USA.com, @IKEAUSANews, @IKEAUSA or IKEA USA on Facebook, Youtube, instagram and pinterest.

About Sun Power
SunPower (NASDAQ: SPWR) is a leading provider of solar, storage and energy services in North America. SunPower offers the only solar + storage solution designed and backed by a single company that allows customers to control electricity consumption and resiliency during power outages while providing savings for homeowners. For more information, visit www.sunpower.com.

SunPower Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements regarding anticipated cost savings, anticipated launch plans and timelines, and resilience. These forward-looking statements are based on our current assumptions, expectations and beliefs and involve substantial risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, regulatory changes and the availability of economic incentives favoring the use of solar energy, fluctuations or decline in the performance of our panels. solar and other products and solutions, and the challenges of managing our strategic relationships and partnerships, including our ability to successfully manage supplier collaboration and relationships. A detailed discussion of these factors and other risks that affect our business is included in our filings from time to time with the Securities and Exchange Commission (SEC), including our most recent reports on Forms 10- K and 10-Q, in particular under the heading “Risk Factors”. Copies of these filings are available online from the SEC or in the SEC Filings section of our Investor Relations website at investor.sunpowercorp.com. All forward-looking statements contained in this press release are based on information currently available to us, and we undertake no obligation to update these forward-looking statements in light of new information or future events.

1 For more information on SunPower’s warranty, visit https://us.sunpower.com/home-solar-system-warranty.

SOURCESunPower Corp. ; Ikea

Comparison of Duos Technologies Group (OTCMKTS: DUOT) and mCloud Technologies (NASDAQ: MCLD)

0

Duos Technologies Group (OTCMKTS: DUOTGet a rating) and mCloud Technologies (NASDAQ: MCLDGet a rating) are both small-cap business services companies, but which is the better company? We will compare the two companies based on institutional ownership strength, risk, profitability, analyst recommendations, valuation, earnings and dividends.

Analyst Recommendations

This is a summary of current ratings and target prices for Duos Technologies Group and mCloud Technologies, as reported by MarketBeat.

Sales Ratings Hold odds Buy reviews Strong buy odds Rating
Duos Technologies Group 0 0 1 0 3.00
mCloud technology 0 0 1 0 3.00

Duos Technologies Group currently has a consensus target price of $10.00, suggesting a potential upside of 177.78%. mCloud Technologies has a consensus target price of $5.75, suggesting a potential upside of 159.01%. Given the higher possible upside of Duos Technologies Group, analysts clearly believe that Duos Technologies Group is more favorable than mCloud Technologies.

Benefits and evaluation

This table compares revenue, earnings per share, and valuation of Duos Technologies Group and mCloud Technologies.

Gross revenue Price/sales ratio Net revenue Earnings per share Price/earnings ratio
Duos Technologies Group $8.26 million 2.66 -9.88 million dollars ($1.62) -2.22
mCloud technology $20.42 million 1.76 -$35.37 million ($2.01) -1.10

Duos Technologies Group has higher revenue, but lower revenue than mCloud Technologies. Duos Technologies Group is trading at a lower price-to-earnings ratio than mCloud Technologies, indicating that it is currently the more affordable of the two stocks.

Profitability

This table compares the net margins, return on equity and return on assets of Duos Technologies Group and mCloud Technologies.

Net margins Return on equity return on assets
Duos Technologies Group N / A N / A N / A
mCloud technology -157.85% -610.23% -50.81%

Insider and Institutional Ownership

32.0% of Duos Technologies Group shares are held by institutional investors. By comparison, 1.2% of mCloud Technologies shares are held by institutional investors. 3.8% of Duos Technologies Group shares are held by insiders. Strong institutional ownership indicates that hedge funds, endowments, and large fund managers believe a stock is poised for long-term growth.

Summary

Duos Technologies Group beats mCloud Technologies on 9 out of 11 factors compared between the two stocks.

About Duos Technologies Group (Get a rating)

Duos Technologies Group, Inc., through its subsidiary, Duos Technologies, Inc. designs and deploys artificial intelligence-based smart technology systems in the United States. Its technology platforms include Praesidium, an integrated suite of analytical applications, which process and analyze data streams from virtually conventional or specialized sensors and/or data points; and Centraco, a user interface that includes a physical security information management system. The company offers smart technology solutions for critical infrastructure, including smart rail inspection portal, tunnel and bridge security, virtual security shield, facility safety and security, remote bridge operation , Pantograph Inspection System, Vehicle Chassis Examiner for Safety and Mechanical Inspection, Enterprise Command and Control Interface, Neural Network Modeling for Detection Algorithms, Automated Facility Logistics retail and transit rail platform analysis. It also provides engineering solutions. Additionally, the company offers proprietary and turnkey systems and applications, such as rip, an intelligent rail inspection portal comprising various modules for automated analysis, detection and inspection at rail border crossings. Additionally, it provides IT asset management that includes infrastructure and device audit services for various data centers. The company offers its solutions to various industries, including transportation, healthcare, retail, law enforcement, oil and gas, utilities, as well as commercial railroads. Duos Technologies Group, Inc. was founded in 1990 and is headquartered in Jacksonville, Florida. Duos Technologies Group, Inc. is a subsidiary of Environmental Capital Holdings, Inc.

About mCloud Technologies (Get a rating)

mCloud Technologies logomCloud unlocks the untapped potential of energy-intensive assets with AI and analytics, reducing energy waste, maximizing energy production, and making the most of critical energy infrastructure. Through mCloud’s AI-powered AssetCare™ platform, mCloud offers comprehensive asset management solutions for commercial buildings, renewable energy, healthcare, heavy industry and connected workers. IoT sensors bring data from connected assets to the cloud, where AI and analytics are applied to maximize their performance.
Headquartered in Calgary, Canada, with offices around the world, the mCloud family includes an ecosystem of operating subsidiaries that provide customers with high-performance IoT, AI, 3D and mobile capabilities, all integrated with AssetCare. With over 100 blue chip customers and over 63,000 connected assets in thousands of locations worldwide, mCloud is changing the way energy assets are managed.



Receive daily news and reviews for Duos Technologies Group – Enter your email address below to receive a concise daily summary of breaking news and analyst assessments for Duos Technologies Group and related companies with MarketBeat.com’s free daily email newsletter.

Xcel Energy Inc. to Webcast Annual Meeting of Shareholders

0

Xcel Energy Inc. XEL will hold its 2022 Annual Meeting of Shareholders virtually at 11:00 a.m. Central Time on May 18, 2022. Shareholders of record at the close of business on the record date, March 21, 2022, are invited to attend. Registered shareholders can attend the meeting online at www.virtualshareholdermeeting.com/XEL2022 and can vote during the meeting using the control number on their proxy card or notice of internet availability power of attorney documents. Registered shareholders may also vote online prior to the Meeting at www.proxyvote.com by entering the control number shown on their proxy card or on the Notice of Internet Availability of Proxy Materials.

The virtual meeting website will contain instructions for accessing technical support to help you if you are having difficulty accessing the virtual meeting. The technical support number will be displayed on the login page of the virtual meeting platform 15 minutes before the start of the meeting.

If you do not have access to the Internet or a control number, please call 1-888-317-6016 (toll-free in the United States), 1-855-669-9657 (toll-free in Canada) or 1-412-317-6016 (international) to listen to the proceedings of the meeting.

For more information, please refer to Notice of 2022 Annual Meeting of Shareholders and Proxy Statement of Xcel Energy Inc., filed with the Securities and Exchange Commission on April 5, 2022 and available on our website at www.xcelenergy.com.

Xcel Energy is a major American electric and natural gas company, with operations in 8 states in the West and Midwest. Xcel Energy provides a comprehensive portfolio of energy-related products and services to 3.7 million electricity customers and 2.1 million natural gas customers through its regulated operating companies. The company’s headquarters are located in Minneapolis. More information is available at www.xcelenergy.com.

This information is not provided in connection with any sale or offer to sell or offer to buy securities.

Orbital Energy Group announces the sale of Orbital Gas Systems Ltd. to a strategic competitor, nZero Group

0

HOUSTON, May 11, 2022 /PRNewswire/ — Orbital Energy Group, Inc. (NASDAQ: OEG) (“Orbital”) and nZero Group Limited (“nZero Group”) announced today that they have entered into a Share Purchase Agreement (the ” Agreement”) under which Orbital will sell its UK gas business, Orbital Gas Systems Ltd (“Orbital-UK”) to nZero Group.

Effective immediately, nZero Group will assume operations of Orbital’s UK and European businesses, including sales and distribution of GasPT technology. Orbital retains potential license and royalty rights to certain GasPT projects. Excluded from the deal is Orbital’s proprietary EV technology, which will be licensed to nZero Group for distribution in Europe and Asia.

“This transaction is another step in the transformation of Orbital Energy Group into a diversified infrastructure services company as we move forward with an aggressive and disciplined strategy to exploit rising secular demand trends in the sectors electric power, telecommunications and renewable energies,” said Jim O’Neil, vice president and CEO of Orbital. “I would like to thank the employees of Orbital Gas UK for their past service to OEG and congratulate nZero Group on completing this compelling strategic transaction.”

Matt AllenManaging Director of nZero Group, said: “This agreement represents a significant step forward in our strategy to become a key contributor to the UK’s net zero energy transition by bringing together under common ownership two of the UK’s leading measurement and control partners. natural gas, hydrogen, petrochemical and low-carbon waste sectors. Joint ownership of Orbital-UK and Thyson Technology Limited, a subsidiary of nZero Group, will invigorate the exceptional talent and manufacturing capability of both companies by creating an environment that fosters the sharing of knowledge and best practices leading to improved performance. and a sustainable future together for the long-term benefit of our customers, partners and loyal staff. I would like to thank OEG for this opportunity and the local management of Orbital-UK for their support.”

About Orbital Energy Group

Orbital Energy Group, Inc. (Nasdaq: OEG) is a diversified infrastructure services platform, providing engineering, design, construction and maintenance services to customers in the electric power, telecommunications and renewable energies.

Orbital Energy Group is dedicated to maximizing shareholder value by striving to exceed our customers’ expectations, building a diverse workforce and making a positive difference in the lives of our employees and the communities in which we operate. , and helping to reduce the carbon footprint through the services we provide.

For more information, visit: www.orbitalenergygroup.com

About nZero Group Limited

nZero Group’s mission is to innovate our energy system to sustain our way of life while protecting our planet by solving complex problems of strategic importance to energy producers, transporters and industrial users through the integration of the best technologies.

nZero Group is the parent company of Thyson Technology Limited (“Thyson”) whose principal business is the design, construction, commissioning and maintenance of equipment focusing on the measurement and control of gases and liquids with a successful experience in natural gas, petrochemicals and energy recovery from waste and the supply of innovative solutions to decarbonize energy.

For more information, visit: www.nzerogroup.com

Forward-looking statements

This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act, as amended, including those relating to the intended use of the product. These statements can be identified by the use of forward-looking expressions, including, but not limited to, “expect”, “anticipate”, “intend”, “plan”, “believe”, “estimate”, “potential”, “predict”, “project”, “should”, “would” and similar expressions and the negatives of these terms. These statements relate to future events and involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from any results, performance or achievements expressed or implied. by forward-looking statements. These factors include the risk factors set forth in the Company’s filings with the SEC, including, without limitation, its Annual Report on Form 10-K for the fiscal year ended December 31, 2020, its periodic reports on Form 10-Q and its current reports on Form 8-K filed in 2020 and 2021, and the risks identified in the shelf registration statement and prospectus supplement relating to the offering. Potential investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Orbital undertakes no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise.

Investor Relations:
Three-Part Advisors
John Beisler or Steven Hooser
817-310-8776
[email protected]

SOURCE Orbital Energy Group, Inc.

Bidding Instructions WAMY Community Action | Public notices

Submission Instructions WAMY Community Action Inc. Boone, NC Purpose WAMY Community Action Inc. is seeking sub-contractors to perform services in accordance with the Weatherization Program (WAP). WAP is a program funded by the North Carolina Department of Environmental Quality to help low-income citizens save energy and reduce expenses through the installation of environmental conservation materials. energy, the implementation of energy efficiency measures in their homes and energy education. Additional information about the program is available online at the Energy Division website {http://www.energync.net). WAMY Community Action Inc. is seeking proposals from interested parties who are duly licensed contractors in the State of North Carolina in the following individual trades: electrical plumbing hull insulation HVAC The contract awarded by the Energy Division of the NCDEQ at WAMY Inc. will provide services in Watauga, Avery, Mitchell, and Yancey Counties in North Carolina from July 1, 2022 through June 30, 2023, subject to satisfactory progress and compliance standards being met. Proposal Requirements Each applicant must submit: 1. A completed North Carolina WAP Subcontracting Agreement for their trade. Please complete contracts electronically, except for signatures. 2. A copy of business license, business certification and training. 3. Proof of general liability, workers’ compensation, and automobile insurance that meets or exceeds the coverage required in the WAP subcontract agreement. The insurance declaration page must be submitted with your agreement. A Dispute Procedures document will accompany the submission instructions. Contact person: Jim Watts; April Beck [email protected]; [email protected] 828-264-3998 225 Birch Street Suite 2 Boone, NC 28607 Please email complete applications to the contact above. Complaint Procedures In the event that a supplier or bidder feels that they have not been given an adequate opportunity to bid on a good or service, they will have the opportunity to lodge a formal complaint. This complaint must be made in writing within 10 days of the announcement of the prize and addressed to the general manager of the organization. Upon receipt of the written complaint, the Executive Director will appoint a committee consisting of themselves, the Chief Financial Officer, a member of the Board of Directors who was not involved in the original decision and an attorney to review the selection process to ensure that it has been followed appropriately and fairly. In addition, a copy of the original complaint and any subsequent correspondence or response will be immediately sent to the awarding agency. This examination will take place within 15 days of receipt of the complaint. A written decision will be sent to the complainant within 10 days of the review committee’s decision. All cases of complaint will be immediately communicated to the procuring agency. Complainant must exhaust all administrative remedies with the agency before pursuing a protest with the federal licensor’s state. Federal agency reviews of protests will be limited to 1) Violations of Federal law or regulations and the standards of 10 CFR Part 600.236 (violations of state or local law will be under the jurisdiction of the state or local authorities). local authorities) and 2) Violations of the recipient’s or subrecipient’s protest procedures in the event of failure to investigate a complaint or protest. Protests received by the federal agency other than those specified above will be forwarded to the recipient or subrecipient. Bidders Conference WAMY Community Action, Inc. would like to invite home performance contractors as well as licensed HVAC, electrical and plumbing contractors to a bidders conference. The lecture will outline how to be considered for contract work under the Weatherization Assistance Program. WAMY Community Action is an Equal Opportunity Employer. Please call 828-264-2421 for more information.

PHX Energy Services Corp. (TSE: PHX) Senior executive buys CA$30,750.00 worth of stock

0

PHX Energy Services Corp. (EAST: PHXGet a rating) Senior officer Michael Leslie Buker acquired 5,000 shares of the company in a transaction dated Monday, May 9. The stock was purchased at an average price of CA$6.15 per share, with a total value of CA$30,750.00. Following the acquisition, the insider now directly owns 214,100 shares of the company, valued at C$1,316,715.

Michael Leslie Buker also recently made the following trade(s):

  • On Friday, March 25, Michael Leslie Buker sold 40,200 shares of PHX Energy Services. The stock was sold at an average price of CA$6.20, for a total value of CA$249,123.42.
  • On Wednesday, March 23, Michael Leslie Buker sold 60,000 shares of PHX Energy Services. The stock was sold at an average price of CA$6.10, for a total value of CA$366,000.00.

Shares of EAST: PHX traded at C$0.07 during Tuesday’s trading, rising to C$6.01. 193,440 shares were traded, against an average volume of 108,085. PHX Energy Services Corp. has a 12-month low of C$3.44 and a 12-month high of C$7.50. The company has a market capitalization of C$303.75 million and a PE ratio of 13.50. The stock has a 50-day moving average price of C$6.58 and a 200-day moving average price of C$5.47. The company has a current ratio of 1.64, a quick ratio of 1.18 and a debt ratio of 26.68.

PHX Energy Services (EAST: PHXGet a rating) last released its quarterly earnings data on Wednesday, February 23. The company reported earnings per share (EPS) of C$0.17 for the quarter, beating analyst consensus estimates of C$0.13 by C$0.04. The company posted revenue of C$105.43 million for the quarter, compared to a consensus estimate of C$99.00 million. On average, sell-side analysts expect PHX Energy Services Corp. shows earnings per share of 0.86 for the current fiscal year.

PHX has been the subject of a number of research analyst reports. BMO Capital Markets raised its price target on PHX Energy Services from C$9.00 to C$9.50 in a Thursday, May 5 report. Stifel Nicolaus cut his price target on PHX Energy Services from CA$9.75 to CA$9.50 in a Thursday, May 5 report.

PHX Energy Services Company Profile (Get a rating)

PHX Energy Services Corp. provides horizontal and directional drilling technologies and services to oil and natural gas exploration and development and production companies in Canada, the United States, Russia, Albania and the Middle East. It offers Velocity Real-Time System, a breakthrough technology that offers downhole guidance systems; Atlas Motors, a high performance drill motor; PowerDrive Orbit RSS, a rotating steerable system; P-360 Positive Pulse MWD System, a measurement-while-drilling (MWD) tool; and the E-360 EM MWD System, an MWD tool that transmits electrical signals through geological formations.

Featured articles

Insider buying and selling by quarter for PHX Energy Services (TSE:PHX)



Receive daily news and reviews for PHX Energy Services – Enter your email address below to receive a concise daily summary of the latest news and analyst ratings for PHX Energy Services and related companies with MarketBeat.com’s free daily email newsletter.

Deals that divert oil and gas assets from climate-engaged companies are on the rise – report

0

An employee holds a sample of crude oil at Yarakta oilfield, owned by Irkutsk Oil Co, in Irkutsk region, Russia, March 11, 2019. REUTERS/Vasily Fedosenko/

Join now for FREE unlimited access to Reuters.com

Register

LONDON, May 10 (Reuters) – Deals in which oil and gas assets move from companies with climate goals to companies without such goals are on the rise, according to research by the U.S. non-governmental organization Environmental Defense Fund.

A company that removes polluting assets from its balance sheet by selling them may claim a better climate scorecard, but if the assets land in the hands of less scrutinized and climate-committed companies, the overall environmental impact could be negative. .

“When assets move from public to private markets or from operators with environmental commitments to those without, short-term emissions can increase, energy transition planning can fail and climate disclosure can worsen. “, said the Environmental Defense Fund (EDF) in a report. on the study, released Tuesday.

Join now for FREE unlimited access to Reuters.com

Register

The study looked at mergers and acquisitions between 2017 and 2021 and different metrics to determine whether assets stayed with companies with targets to reduce their emissions of global warming CO2 and methane.

EDF found that 155 transactions worth $86.4 billion had taken assets away from committed companies to net zero.

He said 211 deals worth $115.6 billion removed assets from companies with explicit methane reduction goals.

“In 2018, transfers with reduced environmental commitment represented approximately 10% of total transactions. In 2021, this percentage increased to 15%,” the report states.

“The proportionate value of deals with reduced environmental commitment also increased from 15% of overall deal value in 2018 to 30% of overall deal value in 2021.”

Transactions that have transferred oil and gas fields from publicly listed companies, which are subject to much stricter scrutiny and higher disclosure pressure from shareholders, media and authorities , to private companies outnumbered reverse transactions.

Oil and gas mergers and acquisitions transactions
Join now for FREE unlimited access to Reuters.com

Register

Reporting by Shadia Nasralla; Editing by Susan Fenton

Our standards: The Thomson Reuters Trust Principles.

The opinions expressed are those of the author. They do not reflect the views of Reuters News, which is committed to integrity, independence and non-partisanship by principles of trust.

Exclusive: Germany is preparing a crisis plan for the abrupt shutdown of Russian gas – sources

0

BERLIN, May 9 (Reuters) – German authorities are quietly preparing for any sudden stoppage of Russian gas supplies with a contingency plan that could include the takeover of critical companies, three people familiar with them told Reuters. folder.

Preparations by the Economy Ministry show the heightened state of alert over the supply of gas that powers Europe’s biggest economy and is essential for the production of steel, plastics and cars.

Russian gas accounted for 55% of Germany’s imports last year and Berlin has come under pressure to cut a trade relationship that critics say helps fund Russia’s war in Ukraine.

Join now for FREE unlimited access to Reuters.com

Register

Germany has said it wants to wean itself off Russian supplies, but expects to rely heavily on Moscow for gas until the middle of 2024.

It remains unclear if a crash will occur and officials have said Germany wants to avoid an escalation, for example by backing a European gas embargo, after previously backing sanctions against Moscow over coal and oil .

But they now fear Russia will unilaterally cut off gas flows and want to be able to cope if it does.

While a general framework is in place and the government is determined to help, details of how it will put the plan into action are being worked out, officials said.

The government would back the provision of additional loans and guarantees to prop up energy companies, help them cope with soaring prices, and could take critical businesses, such as refineries, under its wing, the three officials said.

Asked about the measures, Germany’s economy ministry pointed to statements by its head, Vice-Chancellor Robert Habeck, that the country had made “intense efforts” in recent weeks to reduce its consumption of Russian energy.

Last month, Berlin approved a legal change to allow it to take control of energy companies as a last resort.

It is now discussing how it could use the measure in practice, such as taking control of the PCK refinery operated by Russia’s Rosneft (ROSN.MM) in Schwedt near Poland, two of the people said. It accounts for most of Germany’s remaining Russian oil imports and could be hit by a European Union oil embargo.

Rosneft declined to comment on any German action.

NATIONALIZATION OF ENERGY?

One of the interviewees said that the nationalization of energy companies was an option being considered, but that it should be carefully weighed and justified by securing energy supplies rather than punishing Russia.

Germany could also take stakes in other companies, said two people familiar with the matter. In 2018, it made a similar move when state development bank KfW bought 20% of energy grid operator 50Hertz to fend off a bid from State Grid in China.

The government’s latest emergency package has yet to be finalized. One of them warned that the acquisition of minority stakes in companies and the intervention at the Schwedt refinery were still under discussion but had not been decided.

Officials are also looking at how KfW can ease pressure on critical businesses by supporting them with new loans or emergency lines of credit they could use if energy prices spike and trigger calls for relief. expensive margin on their market positions.

Earlier this year, KfW helped German energy company Uniper (UN01.DE), EnBW’s gas division (EBKG.DE) VNG and coal-fired power station operator Leag cope with volatility in the energy.

KfW declined to comment on the companies it has helped.

Germany is also considering how it would ration gas in an emergency. Its regulator is considering prioritizing industry over households, which would be a reversal of current policy where businesses would be closed first.

The talks are taking place against a backdrop of war in Ukraine and an increasingly heated standoff between Moscow and Brussels, which has backed tough sanctions to isolate Russia.

Russian President Vladimir Putin told his armed forces in a parade on Monday that they were fighting for their country, but gave no clue how long their assault on Ukraine, which the Kremlin calls an operation, will last special military.

ECONOMIC SPIRAL

Russia’s Gazprom (GAZP.MM) halted gas exports to Poland and Bulgaria last month after refusing to pay in roubles, but the Kremlin has dismissed European Commission accusations that Moscow was using gas supplies. natural gas as blackmail.

The Kremlin and Gazprom have repeatedly said that Russia is a reliable energy supplier.

The Kremlin and Gazprom did not immediately respond to a request for comment on the reliability of supply.

After hesitantly backing coal and oil sanctions, Berlin now also wants to draw a line, four officials said.

They fear the gas cut will also send prices skyrocketing, allowing Moscow to profit from sales outside the EU and therefore still fail to empty its war chest.

Officials said Germany was reaching the limit of sanctions it could impose without triggering an economic spiral, with even those in the ruling coalition wholeheartedly backing penalizing Moscow, hesitant to impose gas sanctions.

Berlin has also been swayed by captains of German industry, including the chief executives of its largest listed companies and representatives of Russian-linked businesses, who have regularly met and lobbied officials to ‘they don’t ban gas,’ a person with knowledge of the matter said.

Company executives said in Berlin they were preparing to cut Russian energy ties anyway, but called on the government not to force them to do so immediately, said a second person familiar with the talks.

Join now for FREE unlimited access to Reuters.com

Register

Additional reporting by Christoph Steitz in Frankfurt; Editing by David Clarke

Our standards: The Thomson Reuters Trust Principles.

Putin celebrates Victory Day, Russian TV channel Rutube hacked

0

European Commission President Ursula von der Leyen traveled to Budapest on Monday where she met Hungarian Prime Minister Viktor Orbán in a bid to persuade Hungary to sign an embargo on Russian oil. A final agreement has not been reached.

Ms von der Leyen’s unannounced visit came after a weekend of negotiations between Hungary and the European Commission, the EU’s executive body, over how Brussels would help Mr Orbán’s government restart the Hungarian energy system in order to wean itself off Russian oil.

On Monday, Hungary’s foreign minister said his government could not back the EU oil embargo, the centerpiece of the bloc’s latest sanctions package, because it would ‘destroy our stable energy supply’, according to a gatekeeper. – speech of the government. that Mrs von der Leyen’s trip would help convince Budapest to agree to an embargo.

“Tonight’s discussion with Prime Minister Viktor Orbán has been helpful in clarifying issues related to sanctions and energy security,” von der Leyen said on Twitter on Monday evening. “We have made progress, but more work is needed.”

The chair of the commission said she would be hosting a virtual call with regional leaders on oil infrastructure. No date was given.

There was no immediate comment from the Hungarian government on Monday’s talks. EU officials had hoped to get the sanctions package approved last week.

The Commission, with the support of other Member States, is ready to offer Hungary more time to stop importing Russian oil and guarantees and assistance to ensure that Hungary can find energy alternatives.

Last week, the European Commission circulated a sixth round of sanctions against Russia following its invasion of Ukraine. The package proposed that EU member states stop importing Russian crude oil in six months and stop importing refined petroleum products by the end of the year. The sanctions need the support of all 27 member states.

The Commission has offered Hungary and Slovakia 20 months to stop importing Russian oil. These countries said that it was not enough time; and in a revised proposal on Friday, the Commission said it could give them until the end of 2024. The Commission is also offering the Czech Republic two years to wean off Russian oil. Bulgaria and Croatia are also asking for EU help or more time.

Years of tension between Mr Orbán, who recently won a sweeping re-election, and EU authorities are complicating talks with Hungary. This includes the EU withholding billions of euros in coronavirus recovery money due to its concerns over the rule of law in Hungary and a recent decision to potentially freeze future budget payments to Hungary. .

Mr. Orban has maintained close ties with Moscow and has refused to allow Western weapons to flow into Ukraine through his country, leading to friction with the government of President Volodymyr Zelensky.

PHX Energy Services Corp. expected to earn $0.11 per share in Q2 2022 (TSE: PHX)

0

PHX Energy Services Corp. (TSE: PHX- Get a rating) – Stock analysts Stifel Firstegy cut their second-quarter 2022 earnings per share (EPS) estimates for PHX Energy Services shares in a research report released Wednesday, May 4. Stifel Firstegy analyst C. Pereira now expects the company to post earnings of $0.11 per share for the quarter, down from its previous forecast of $0.12. Stifel Firstegy also released estimates for PHX Energy Services’ earnings for fiscal year 2022 at $0.38 EPS. PHX Energy Services (TSE: PHX – Get a rating) last reported results on Wednesday, February 23. The company reported earnings per share (EPS) of C$0.17 for the quarter, beating consensus analyst estimates of C$0.13 by C$0.04. The company posted revenue of C$105.43 million for the quarter, compared to analyst estimates of C$99.00 million.

PHX has been the subject of a number of other reports. Stifel Nicolaus cut his price target on PHX Energy Services shares from C$9.75 to C$9.50 in a research note on Thursday. BMO Capital Markets raised its price target on shares of PHX Energy Services from C$9.00 to C$9.50 in a research note on Thursday.

Shares of TSE:PHX opened at C$6.54 on Monday. The company has a 50-day moving average of C$6.58 and a 200-day moving average of C$5.47. The company has a market capitalization of C$329.40 million and a P/E ratio of 14.86. PHX Energy Services has a 12-month low of C$3.44 and a 12-month high of C$7.50. The company has a current ratio of 1.64, a quick ratio of 1.18 and a debt ratio of 26.68.

(A d)

Non-fungible tokens, or NFTs, are digital assets stored on a blockchain like cryptocurrencies, but can take the form of one-of-a-kind works of art, photos, videos, and audio.

Our analysts have uncovered a handful of stocks associated with NFTs.

Get the details on 3 stocks that are flying under the radar now.

In other news, senior officer Craig Brown sold 107,400 shares in a trade on Monday, March 21. The stock was sold at an average price of CA$6.15, for a total transaction of CA$660,767.76. Following the completion of the sale, the insider now owns 638,903 shares of the company, valued at approximately C$3,930,786.82. Additionally, Senior Officer Cameron Michael Ritchie sold 64,121 shares in a trade on Friday, March 18. The shares were sold at an average price of C$6.04, for a total value of C$387,419.08. Following the sale, the insider now owns 195,780 shares of the company, valued at approximately C$1,182,902.76. In the past ninety days, insiders have sold 279,962 shares of the company valued at $1,713,546.

PHX Energy Services Company Profile (Get a rating)

PHX Energy Services Corp. provides horizontal and directional drilling technologies and services to oil and natural gas exploration and development and production companies in Canada, the United States, Russia, Albania and the Middle East. It offers Velocity Real-Time System, a revolutionary technology that offers downhole guidance systems; Atlas Motors, a high performance drill motor; PowerDrive Orbit RSS, a rotating steerable system; P-360 Positive Pulse MWD System, a measurement-while-drilling (MWD) tool; and the E-360 EM MWD System, an MWD tool that transmits electrical signals through geological formations.

See also

This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]

Should you invest $1,000 in PHX Energy Services right now?

Before you consider PHX Energy Services, you’ll want to hear this.

MarketBeat tracks Wall Street’s top-rated, top-performing research analysts daily and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes hold…and PHX Energy Services was not on the list.

Although PHX Energy Services currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

See the 5 actions here

Newsflash: Analysts at MEG Energy Corp. (TSE: MEG) cut their revenue forecasts

0

Analysts covering MEG Energy Corp. (TSE:MEG) sent a dose of negativity to shareholders today, by making a substantial revision to their statutory guidance for this year. Earnings estimates were cut sharply as analysts signaled a weaker outlook – perhaps a sign that investors should also temper their expectations. At C$20.96, the shares are up 8.6% in the past 7 days. We would be curious to see if the downgrade is enough to reverse investor sentiment on the company.

Following the downgrade, the current consensus of MEG Energy’s four analysts is for revenues of C$5.9 billion in 2022, which, if achieved, would reflect a significant 18% increase in sales over the course of 2022. of the last 12 months. Earnings per share are expected to rebound 94% to C$4.14. Prior to this latest update, analysts were forecasting revenue of C$6.7 billion and earnings per share (EPS) of C$4.46 in 2022. Indeed, we can see that analyst sentiment has noticeably decreased after the publication of the new consensus, with a measurable reduction. to revenue estimates and a slight decline in EPS estimates to boot.

Check out our latest analysis for MEG Energy

TSX:MEG Earnings and Revenue Growth May 8, 2022

Analysts made no major changes to their price target of C$24.93, suggesting downside revisions should not have a long-term impact on MEG Energy’s valuation. The consensus price target is only an average of individual analyst targets, so it might be useful to see how wide the range of the underlying estimates is. There are a few variations in perception on MEG Energy, with the most bullish analyst pricing it at CA$34.00 and the most bearish at CA$19.00 per share. This is a fairly wide range of estimates, suggesting that analysts are forecasting a wide range of possible outcomes for the company.

Of course, another way to look at these predictions is to put them in context with the industry itself. Analysts certainly expect MEG Energy’s growth to accelerate, with projected annualized growth of 25% through the end of 2022 ranking favorably alongside historic growth of 11% per year over the past five years. . Compare that with other companies in the same industry, which are expected to grow revenue by 2.2% per year. It seems clear that while growth prospects are brighter than in the recent past, analysts also expect MEG Energy to grow faster than the industry as a whole.

The essential

The most important thing to remember is that analysts have cut their earnings per share estimates, expecting a sharp drop in trading conditions. Unfortunately, analysts have also lowered their earnings estimates, although our data indicates that earnings should perform better than the broader market. Often a downgrade can trigger a series of reductions, especially if an industry is in decline. So we wouldn’t be surprised if the market becomes much more cautious on MEG Energy after today.

As you can see, analysts are clearly not bullish, and there could be a good reason for that. We have identified some potential issues with MEG Energy’s finances, such as recent large insider selling. For more information, you can click here to find out about this and the other 4 issues we have identified.

You can also view our analysis of MEG Energy’s board and CEO compensation and experience, and whether any company insiders have bought stock.

This Simply Wall St article is general in nature. We provide commentary based on historical data and analyst forecasts only using unbiased methodology and our articles are not intended to be financial advice. It is not a recommendation to buy or sell stocks and does not take into account your objectives or financial situation. Our goal is to bring you targeted long-term analysis based on fundamental data. Note that our analysis may not take into account the latest announcements from price-sensitive companies or qualitative materials. Simply Wall St has no position in the stocks mentioned.

Director General, International Renewable Energy Agency: India is working well on phasing out coal, must focus on existing programs

0

India’s efforts to increase renewable energy capacity have all but reduced the use of coal, Francesco La Camera, director general of the International Renewable Energy Agency, told Karunjit Singh. He added that the country should seek to bolster existing renewable energy programs to accelerate its transition. Edited excerpts:

Q. At COP26, there seemed to be an emerging view on phasing out coal. Have you had discussions about this with the government?

A: I think that if we put this discussion aside for a moment, what we have seen is that the Indian government is putting in place the policies that will allow us to get out of coal. It cannot be done by simply shutting down the factory. It has to be done through proper policies and I think the main thing is to decarbonize the heavy sector. So, on that, we noticed and appreciated the construction of this hydrogen mission, which can be very important for decarbonizing the heavy sector. Last year, India was able to add an additional 13 gigawatts of renewable energy. We have seen that it is the fourth country in the world, if we consider the installation of renewable energy capacity. And we saw there that they are raising the ambition (of renewable energy capacity) from 450 to 500 gigawatts by 2030. So there’s a lot of evidence that India is moving in that direction … India is a complex reality, it is a continent. It is therefore very difficult to act and we can see that the government is doing its best to move things in the right direction.

Newsletter | Click to get the best explainers of the day delivered to your inbox

Q. What are your views on the need for concessional finance to boost renewable energy capacity in developing countries?

A: I think the system is able to get the money they need. Then, of course, there is the complexity of going faster. But we don’t see financial problems as an obstacle to India’s energy transition. They have been able to set up a legal environment favorable to future investments. Just look at how active foreign companies are in trying to get India’s new hydrogen market. We are therefore quite optimistic about the country’s ability to attract the necessary financial resources. Of course, there is also an important role for the public and then the financial concessional loan program. We also illustrated our initiative on the climate investment platform on financing the energy transition accelerator, which can facilitate the arrival of money and be effective in the country. But, again, if you ask me what the general opinion is on this, I think India has no problem attracting the financial resources it needs because it is a very important market.

Q. To what extent is the variability of renewable energies in the energy transition a barrier?

A: Of course, the variability of energy or renewable energy in the old energy system can be a problem because the networks are not flexible or are not interconnected. That’s the concern. We also need to be very clear that in the old energy system, with the grid as it is now made up of renewables, 35%, 40% or 45% can be in the system without creating problems. When we want to go further, beyond this threshold, it is important that the network is adapted to ensure the necessary flexibility and connectivity. And, where the role of hydroelectricity, batteries, hydrogen — because hydrogen could also be used as seasonal storage. All of these elements must come together and work together for the system to work smoothly. So, naturally, the variability is there, but it is not a characteristic that can slow down the development of renewable energies if we adapt the current networks and system. I would also like to point out that this is not just an additional cost linked to the energy transition. Because the demand is increasing and the network must be renewed and expanded anyway. So just for that to happen so that the system can be upgraded to become more modern, to allow more other energies to come into the system.

Q. What are the policy recommendations for India for energy transition?

A: More than focusing on one or two areas, I say they need to strengthen what they do. Because, in my opinion, they are fine. Of course, again, everyone needs to do more. But they work on the grid. They understood how relevant hydrogen could be. They will come with a hydrogen mission, with a card which will perhaps allow them to have more hydrogen. So they are working to decarbonize the heavy sector. They are working to export green hydrogen. They also focus on biorefineries because bioenergy will be one of the other elements and would be relevant in the new energy system… So all of those elements are all together there. They must therefore go now to reinforce the line of work which they follow. This is at least our assessment resulting from the work that we are doing, our analysis of India.

https://www.youtube.com/watch?v=videoseries

Q: Are developing countries concerned that growing reliance on batteries will lead to reliance on a few countries for rare earth minerals?

A: It’s a good concern, but it’s not an inevitable obstacle. In what sense, first of all, they are called minerals and rare earths but geologically they are not rare. Thus, one of the first aspects is to put in place the right policies to ensure more mining in a sustainable and environmental way. Another aspect is that we can reduce the demand for these minerals and rare earths through innovation and this is already happening. Third, these minerals are recyclable. So the circular economy is also important to reduce demand and avoid dependence on these minerals and rare earths… What is important is that the concern is there and that policies must be put in place which can avoid falling into addictions. But I think the experience of the past few years is very clear in everyone’s mind, and countries are working on it. We don’t see this as a barrier if the right circular economy policies are there to manage it.

Mammoth Energy Services: The Neverending PREPA Saga (NASDAQ: TUSK)

0

Daniel Eskridge/iStock via Getty Images

Introduction

Mammoth Energy Services, Inc. (NASDAQ: TUSK), a small fracking and infrastructure gaming company, is our topic in this article. I have done several past articles on them and you can find them here, and return periodically to monitor progress as needed. The slope has been downward and to the right for the past year or so, with a modest recovery in the oilfield rally after March 2022.

TUSK price chart

TUSK price chart (Looking for Alpha)

A year ago I temporarily got excited about this pivot to infrastructure last year so at $3.86 per share I issued a bullish June 2021. By November it had become clear that this pivot wasn’t generating much in terms of returns, and at $2.86 per share, I revised my thesis for a strong sell. At $2.38 per share right now, it looks like I’ve finally made it.

So the question before us now seems to be are they going to tell us on May 9, when the results come out, who will make us wish we had bought at this level? The answer is probably no.

A quick visit to the company website is revealing. The company is still focused on collecting an old debt — some $344 million, including interest — from their adventure to turn the lights back on in Puerto Rico after Hurricane Maria in 2017. In this November 2021 article, I made a comment summarizing my thoughts on the fungibility of this debt.

Here are my comments from this section of the article.

The advanced legal process for PREPA is well covered in this related article, if you are interested. I’ll leave it to your imagination as to how likely TUSK will ever collect a penny from PREPA. In what seems to pass for a 10-Q, in Puerto Rico, they posted $1.7 billion in current assets, compared to ~$8.0 billion in current liabilities. The queue at the PREPA payment counter seems quite long. We will continue from here.

Source

Little has changed since. We are maintaining a strong sell on this company and will explain why in the rest of this article.

TUSK’s thesis

TUSK is a minor player in all the markets it serves: hydraulic fracturing, sand supply and infrastructure. They also have other businesses, but these have largely disappeared with no associated revenue.

Most fracturing fleets are older Tier II equipment that does not meet customer interest in Tier IV, dual-gas-DGB, all-gas, or electric fleets that support ESG goals. In their annual report 2021, they note about 20 units converted to DGB status. This puts them at a disadvantage for the top-tier prices that competitors’ more modern equipment fetches. That said, in their Q-4 commentary, they noted that a third fleet was being reactivated at improved prices. On the company’s website, they note 6 fleets in total, of all types.

One problem they have had in the past is that their main client for hydraulic fracturing was Gulf Port Energy Services, with whom TUSK was in dispute. It seems like a lot of that has been resolved from February this year. That said, I don’t know if it improves the marketing of their services beyond Gulf Port, and they don’t disclose their customer base.

TUSK is also a supplier of frac sand, with several mines in Wisconsin. It could actually be a beacon of hope for the company. Volumes have doubled from the previous year, and as demand for this rare resource continues, they could see additional volumes. Prices are also up, from lows of less than $10/tonne at $16-17/tonne. They note that one million tons will come out in 2021. That’s about 111 sand pits, so nothing to do.

The next driver is their infrastructure business which focuses on laying fiber optic cables. CEO Arty Straelha commented on this company:

The opportunities we see in this area, particularly around fiber maintenance and installation contracts and MSAs, are encouraging as we approach next year. Funding for infrastructure projects remains strong. Mammoth will continue to seek opportunities in infrastructure services as we strategically structure our service offerings for growth in both geographic footprint and project depth.

It is remarkable to me that they are speaking in generalities here and not announcing any new contracts. As such, I don’t find the above comment particularly inspiring, and it’s worth noting that the company is operating at around half of its 2020 volume. lips, it suggests a gap between their service offerings and market demands.

Excerpt from TUSK's 10Q

Excerpt from TUSK’s 10Q (Looking for Alpha)

Q-4 2021

Revenue fell to $228 million in 2021, at a time when most of the industry was seeing improved revenue and profits. During the fourth quarter of 2021, they pumped 891 floors, with around 1.6 fleets used on average. A 10,000 foot well uses 40 to 50 stages of fracturing, which equates to 16 to 17 to seventeen wells. This compares to an average usage of 0.6 fleets in the same quarter last year and 1.2 fleets in the third quarter of 2021. Quarterly revenue was flat QoQ and around 40% lower than revenue for 2020.

For the full year 2021, TUSK pumped 2544 floors, with about 1.1 floats used on average. The sand division sold approximately 270,000 tons of sand during the fourth quarter of 2021 and 1 million tons of sand during the fiscal year ended December 31, 2021. The average price of sand sold during the fourth quarter of 2021 was d around $17.84 per ton, while the average price for the whole year was $16.76 per ton.

Net loss for the fourth quarter of 2021 was $13.3 million, compared to a net loss of $11.9 million for the same quarter of 2020 and a net loss of $40.9 million for the third quarter of 2021. Adjusted EBITDA, as defined and reconciled in our earnings release, increased to $17.2 million for the fourth quarter of 2021 from $7.5 million for the same quarter last year and a negative $29.7 million for the third quarter of 2021.

Capital expenditures for the fourth quarter and full year 2021 were around 1.4 million and 5.8 million respectively. Investment expenditure over the whole year is slightly above the forecast of 5 million. This was mainly due to the pressure pumping activity. Capital spending for 2022 is expected to be around $6 million, with spending primarily focused on completing wells in the second half of the year. As of December 31, 2021, TUSK had cash of $9.9 million and debt of approximately $86.7 million, with an October 2023 maturity. As of the report date, the company notes that it could be in breach of certain covenants guaranteeing this debt. (page 122).

Possible catalyst – the PREPA regulation

It looks like there is a potential payment of $90 million for bills that weren’t submitted. Rather than parsing this comment to import it, I am including it here for your reference.

Allow me to provide you with the latest information regarding our contracts with PREPA. As you recall, FEMA issued a memorandum of determination on May 25, 2021 regarding the first contract. In that memorandum of determination, FEMA found that $46.7 million was not payable under that contract. On July 23, 2021, with the help of Cobra PREPA, filed an administrative appeal of the entire 46.7 million denials.

On January 5, 2022, PREPA received a request for information from FEMA in connection with this appeal. PREPA’s response was filed on February 4, 2022. Upon PREPA’s submission of its response, FEMA’s 90-day period for the appeal determination is renewed. If PREPA does not receive a decision from FEMA within 180 days of FEMA’s receipt of the appeal, PREPA may file for arbitration. The earliest opportunity to file a request for arbitration is March 21, 2022.

On July 15, 2021, FEMA informed PREPA that it had commenced review of the second contract and that FEMA’s intention was to complete work on this project and issue a memorandum of determination by December 31. 2021. As of January 19, 2022, PREPA has not received any updates from FEMA as to when it expects this project to be completed. Since August 2021, PREPA and Cobra have worked to reconcile approximately $159.5 million in invoices under the second contract that PREPA had not submitted to FEMA. Since then, PREPA has submitted approximately 90 million invoices to FEMA.

These invoices of approximately $90 million had not been submitted to FEMA by PREPA due to reported discrepancies in staffing levels on the invoices compared to reports prepared by PREPA’s inspection contractor. Although Cobra staff pointed out errors in the reports, prepared by PREPA’s inspection contract for over two years, we are grateful that PREPA finally submitted our invoices to FEMA.

Last Monday, PREPA filed a motion for an order approving a settlement agreement with Whitefish Energy Holdings. We believe this is a positive development as it will result in approximately $90 million for services to be paid to Whitefish in two instalments, and approximately $6 million in administrative claims relating to mobilization and demobilization, invoices and an administrative claim of approximately 34 million for interest on overdue invoices.

While this is an encouraging development, we still have work to do to get paid. And it’s always clear to us that the only way to change PREPA’s behavior is to hold them accountable. We urge our stakeholders to continue to push the Oversight Board commonly referred to as FOMB to hold itself accountable for meeting contractual obligations and paying its debt which continues to accrue interest at the rate of approximately $3.1 million per month.

This seems exaggerated to me. On the contrary, it seems to confuse the issue. It is important to remember that the counterparty, PREPA, is bankrupt, which may impact the chances of resolution in favor of TUSK.

Your takeaway meals

It is natural to fish the bottom of a market. I look for bargains every day. We’ve gotten used to paying single digits for quality businesses, but those days are over. There are reasons why TUSK continues to be challenged in a rising market:

  • A minimal footprint in all the markets they serve;
  • Debt due next year that, without the PREPA settlement, they have no way of repaying. It should be noted that PREPA, is itself bankrupt, so these procedures are quite tangled;
  • A distracted focus for senior management as they desperately try to engage FEMA to help them collect on PREPA debt;
  • Falling cash balances indicating they are burning QoQ money.

In short, I can’t find a single catalyst that would lead me to believe that even at these reduced levels, TUSK is a gamble worth taking.

Opinion: An open letter regarding the future of Diablo Canyon

0

By
guest comment

Friday, May 6, 2022

By the Diablo Vision Coalition

To Central Coast California residents, clean energy champions and innovators, and anyone interested in advancing an abundant and sustainable energy future:

Where the Diablo Canyon Power Plant sits on California’s central coast, we see a new future as a hub of clean energy innovation. We see a research and development campus where industry and academia can hatch and collaborate on emerging renewable technologies. We see an expansion of existing desalination capabilities, a port for blue economy activity, a community center for education and celebration of Chumash heritage, and a critical platform for California to harness wind power directly on our coast.

It is not a useless reverie. A year ago, stakeholders representing government, higher education, business, labor, tribal and conservation organizations came together to pursue a shared vision for the future of the 585-acre industrial area of Diablo Canyon.

We have spent the last 12 months expanding the coalition and crystallizing the vision. We brought together top experts in large-scale redevelopment and nuclear decommissioning, consulted with national renewable energy researchers and industry leaders, explored appropriate possibilities, weighed challenges, and designed a site plan. concept for a mixed-use innovation park supporting research, education and commercial enterprise. . We have built a strong consensus around what all experts agree is a generational opportunity.

Simply put, this unique industrial site offers unparalleled energy assets to unlock the next chapter in our state and nation’s energy independence and resilience. With high-power transmission lines (500 kV and 230 kV) connected to the state power grid, extensive existing facilities, and proximity to offshore wind development coming from the waters off our coasts, this site can accelerate the global clean energy innovation – all while creating jobs and economic benefits for Central Coast residents and conserving the vast surrounding lands for conservation and tribal stewardship.

From our collective due diligence up to last year, we strongly believe that Cal Poly San Luis Obispo, with the support of public-private partnerships and investments, can be the catalyst for this vision.
Cal Poly is a trusted community partner that contributes significantly to the region’s economy, community and social fabric. It is also a widely regarded applied research powerhouse, with access to the vast resources of the California State University 23-campus system and an established national network of donors, supporters, and industry partners.

Complemented by a combination of commercial enterprises and state and federally funded research labs, the university’s “learning by doing” philosophy can enhance and propel the vision of a hands-on center of innovation and collaboration.

With a long history of capital project execution, management and partnerships with Pacific Gas and Electric, Cal Poly is uniquely positioned as the logical successor entity to usher in an extraordinary new era for Diablo Canyon and the Central Coast.

The Central Coast is already a leading renewable energy nexus, with huge large-scale solar farms, the world’s largest battery storage plant being developed in Morro Bay and the world’s largest storage area. West Coast offshore wind energy set to go up for auction this fall, among other projects. Add to that a large skilled energy workforce and a heritage of energy exporting, and the Central Coast positions itself as a major player in the nation’s clean energy future.

Details, big and small, need to be spelled out. Among them: synchronizing the development of future use activities with the decommissioning of the plant; ensure that local businesses and workers are employed in the multi-billion dollar decommissioning process to the greatest extent possible; and remain flexible to evolve as industry partners, regulatory processes and investments come together.

But time is running out. With strong community alignment behind Cal Poly, we proactively seek the partnerships and long-term investments needed to realize the vision of a climate change innovation hub that supports well-paying, future-oriented jobs. for our skilled workforce.

The Central Coast is already playing a pivotal role in advancing our state’s sustainable economy, and we invite you to join us in unlocking the potential of this bold vision.

• The Diablo Vision Coalition is a group of civic and business leaders brought together by REACH, the Regional Economic Action Coalition. Its members include U.S. Representative Salud Carbajal and other elected officials, as well as Cal Poly President Jeffrey Armstrong. For a full list of signatories to this open letter, visit reachcentralcoast.org/diablo-vision/

Hungary calls EU oil embargo against Russia a ‘nuclear bomb’ | News

0

The oil embargo planned by the European Commission (EC) against Russia can be considered as a “nuclear bomb” on the Hungarian economy, Hungarian Prime Minister Viktor Orban said on Friday.

RELATED:

Russian UN Envoy: Economic World War Is On

If passed, the embargo will mean an end to price caps for utilities, while fuel prices could reach up to 800 forints ($2.22) a litre. Household utility prices have been set in Hungary at their 2014 level, while last year the Orban government capped petrol and diesel prices per liter at 480 forints.

European Union (EU) leaders have previously agreed that such measures should only be taken taking into account the different energy structures of member states and their sovereign right to determine their energy mix.

However, EC President Ursula von der Leyen disputed the great difficulty of creating European unity, according to Orban.

The transformation of Hungary’s energy system would take years and trillions of forints to replace Russian oil, Orban said.

“The introduction of sanctions is not a good solution, but Hungary’s veto on the most important issues from our point of view must be maintained,” he stressed, adding that he had been willing to approve the first five sanctions packages but specified that the energy embargo would be a “red line”.

The EU will phase out Russian crude oil within six months and refined products by the end of the year, according to von der Leyen, who announced the sixth package of sanctions against Russia.

Ductless HVAC Market – 55% of Growth Will Come from APAC | Driven by rapid growth in commercial and residential construction globally

NEW YORK, May 6, 2022 /PRNewswire/ — The size of the ductless HVAC market is expected to grow by $15.36 billion from 2021 to 2026, progressing to a 7.58% CAGR according to Technavio. 55% of market growth will come from APAC during the forecast period. China, Japan, and South Korea are the top markets for ductless HVAC systems in APAC. Market growth in this region will be faster than market growth in other regions. The rapid growth of construction activities and increasing population in countries like China, Japanand India will facilitate the growth of the ductless HVAC system market in the APAC region over the forecast period.

Technavio has announced its latest market research report titled Ductless HVAC System Market by Type and Geography – Forecast and Analysis 2022-2026

For more insights on the market share of different regions – Request a sample report

Ductless HVAC System Market 2022-2026: Vendor Analysis

The market for ductless HVAC systems is fragmented and vendors are deploying growth strategies such as technological innovation, packaging, and promotional activities to compete in the market. AB Electrolux, Carrier Global Corp., Daikin Industries Ltd., Fujitsu General Ltd., Haier Smart Home Co. Ltd., Hanon Systems, Hitachi Ltd., Lennox International Inc., LG Electronics Inc., MAHLE GmbH, MIDEA GROUP, Mitsubishi Electric Corp., Panasonic Corp., Rheem Manufacturing Co., Samsung Electronics Co. Ltd., Sanden Holdings Corp., Sharp Corp., Subros Ltd., Trane Technologies plc and Valeo SA are among the major players in the market.

Ductless HVAC System Market 2022-2026: Scope

Our Ductless HVAC System Market Report Covers the Following Areas:

Ductless HVAC System Market 2022-2026: Drivers and Challenges

The key driver of global growth ductless HVAC system market growth is the rapid growth in commercial and residential construction around the world. The global construction market is expected to grow by $4.5 trillion between 2020 and 2030 and reach $15.2 trillionemerging markets representing $8.9 trillion in 2030. However, regionally, the construction market in Sub-Saharan Africa is expected to experience the highest growth, followed by emerging economies in APAC. Additionally, in 2020, China, Indiathe United States and Indonesia accounted for 58.3% of growth in the global construction sector. Furthermore, the residential construction sector accounted for 44% of the entire global construction industry in 2020, making it the largest sub-sector and a key driver of growth in the global construction market. . This growth will be fueled by emerging economies seeking to develop energy, transportation networks, sewage and waste systems, and other large-scale projects, during the forecast period.

However, the main challenge for the growth of the global ductless HVAC system market is tostrict government regulations. For example, the New Efficiency Standard for Residential Heating and the Cooling United States of America and the National Appliance Energy Conservation Act (NAECA) came into effect in 2006 and 2015, respectively. New standards taking effect in 2023 require a Seasonal Energy Efficiency Rating (SEER), a measure of system cooling performance, of at least 14 for residential systems in the northern United States and a SEER of 15 in the south. parts (states) of the United States. In addition, the new standards require an increase in the heating efficiency of air-source heat pumps, which is measured by the seasonal heating equipment performance factor (HSPF). The minimum HSPF will be 8.8 compared to the HSPF of 8.2 required by the current standard, which came into force in 2015. Such factors would hinder the growth of the market during the forecast period.

To know the other pilots & challenges – Download a sample report now!

Ductless HVAC System Market 2022-2026: Segmentation Analysis

Ductless HVAC System Market 2022-2026: Revenue-Generating Segment

The growth in the market share of ductless HVAC systems by the monozone segment will be important for revenue generation. Significant increase in demand for HVAC system applications, owing to growing household incomes and changing consumer consumption habits in emerging economies, will drive the growth of the particular segment in the coming years. to come.

To better understand the contribution of various segments to the market – Download a sample report now!

Ductless HVAC System Market 2022-2026: Key Highlights

  • Market CAGR over the forecast period 2022-2026

  • In-depth information on factors that will contribute to the growth of the Ductless HVAC Systems market over the next five years

  • Estimation of the Ductless HVAC System market size and its contribution to the parent market

  • Predictions on upcoming trends and changes in consumer behavior

  • The growth of the ductless HVAC market

  • Market Competitive Landscape Analysis and Detailed Vendor Information

  • Comprehensive details of factors that will challenge the growth of the Ductless HVAC Systems Market vendors

Related reports:

  • the HVAC terminal unit market The size is expected to be valued at USD 1.41 billion by 2026 with a progressive CAGR of 5.05%. Download a sample report now!

  • the energy efficient HVAC systems the market share is expected to increase by USD 24.37 billion from 2021 to 2026, and the market growth momentum will accelerate at a CAGR of 11.02%. Download a sample report now!

Ductless HVAC System Market Scope

Report cover

Details

Page number

120

Year of reference

2021

Forecast period

2022-2026

Growth momentum and CAGR

Accelerate at a CAGR of 7.58%

Market Growth 2022-2026

$15.36 billion

Market structure

Fragmented

Annual growth (%)

7.18

Successful market contribution

APAC 55%

Competitive landscape

Leading companies, competitive strategies, scope of consumer engagement

Profiled companies

AB Electrolux, Carrier Global Corp., Daikin Industries Ltd., Fujitsu General Ltd., Haier Smart Home Co. Ltd., Hanon Systems, Hitachi Ltd., Lennox International Inc., LG Electronics Inc., MAHLE GmbH, MIDEA GROUP, Mitsubishi Electric Corp., Panasonic Corp., Rheem Manufacturing Co., Samsung Electronics Co. Ltd., Sanden Holdings Corp., Sharp Corp., Subros Ltd., Trane Technologies plc and Valeo SA

Market dynamics

Parent Market Analysis, Market Growth Drivers and Barriers, Fast and Slow Growing Segment Analysis, COVID 19 Impact and Future Consumer Dynamics, Market Condition Analysis for the Forecast Period,

Personalization area

If our report does not include the data you are looking for, you can contact our analysts and customize the segments.

Contents :

1. Summary

2 Market landscape

3 Market sizing

4 Five forces analysis

5 Market Segmentation by Type

6 Customer Landscape

7 Geographic landscape

8 drivers, challenges and trends

9 Supplier Landscape

10 Vendor Analysis

11 Appendix

About Us

Technavio is a global leader in technology research and consulting. Their research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialist analysts, Technavio’s reporting library consists of over 17,000 reports and counts, spanning 800 technologies, spanning 50 countries. Their customer base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s comprehensive coverage, in-depth research, and actionable market intelligence to identify opportunities in existing markets and potentials and assess their competitive positions in changing market scenarios.

Contact

Technavio Research
Jesse Maida
Media & Marketing Manager
USA: +1 844 364 1100
UK: +44 203 893 3200
E-mail: [email protected]
Website: www.technavio.com/

Technavio (PRNewsfoto/Technavio)

Technavio (PRNewsfoto/Technavio)

Quote

Quote

View original content to download multimedia: https://www.prnewswire.com/news-releases/ductless-hvac-system-market—55-of-growth-to-originate-from-apac–driven- by- rapid-growth-commercial–residential-construction-globally–technavio-301539657.html

SOURCETechnavio

Earnings Flash (WRG.TO) WESTERN ENERGY SERVICES reports first quarter revenue increased $13.5 million or 37% to $50.5 million in 2022

0






Newswires MT 2022

All the news from WESTERN ENERGY SERVICES CORP.

2022 sales 169M
132 million
132 million
2022 net income

Net debt 2022 120M
93.5 million
93.5 million
PER 2022 ratio
2022 return
Capitalization 14.2 million
11.1 million
11.1 million
EV / Sales 2022 0.79x
EV / Sales 2023 0.60x
# of employees 566
Floating 51.2%

Chart WESTERN ENERGY SERVICES CORP.


Duration :

Period :




Western Energy Services Corp Technical Analysis Chart.  |  MarketScreener

Trends Technical Analysis WESTERN ENERGY SERVICES CORP.

Short term Middle term Long term
Tendencies Bearish Bearish Bearish



Evolution of the income statement

To sell

To buy

Medium consensus HOLD
Number of analysts 1
Last closing price $0.16
Average target price $0.04
Average Spread / Target -74.2%


AEA and Railbelt Utilities Pursue Kenai Peninsula’s Largest Hydroelectric Project in 30 Years – Mike Dunleavy

0

The Alaska Energy Authority (AEA), in partnership with Railbelt Utilities, filed a license amendment with the Federal Energy Regulatory Commission as a first step in pursuing the Dixon Diversion. The addition of Dixon Diversion would be the largest hydroelectric development project on the Kenai Peninsula since the development of the Bradley Lake hydroelectric project. The proposed project would be located five miles southwest of Bradley Lake, approximately 27 miles northeast of Homer on the Kenai Peninsula.

AEA owns the Bradley Lake Hydroelectric Project, Alaska’s largest hydroelectric facility. This 120 megawatt facility generates 10% of the total annual electrical energy used by Railbelt’s electric utilities and provides the cheapest electricity in the state to approximately 550,000 Alaskans.

Following the successful completion of the Battle Creek Diversion project in 2020, which increased production from Bradley Lake by approximately 10%, AEA is studying the Dixon Diversion to further optimize the energy potential of Bradley Lakes. Similar to Battle Creek, the Dixon Diversion would divert water from the East Fork of the Martin River to the Lake Bradley Reservoir. The Dixon Diversion project, as expected, could increase power generation at Bradley Lake by almost 50%.

Bradley Lake currently electrifies the equivalent of 54,000 homes. The Dixon Diversion project has the potential to power up to 30,000 additional homes. The development schedule includes five years of studies and authorizations, followed by five years of construction. The project is expected to create significant employment benefits in construction and operation throughout its lifetime. The estimated construction cost of the project is between 400 and 600 million dollars. The source of financing for the construction remains to be determined.

“I foresee the rapid near-term growth of renewables on the Railbelt,” said Governor Mike Dunleavy. “The Dixon Diversion has the potential to be the biggest renewable investment in the rail belt since the construction of the Bradley Lake hydro project 30 years ago. Natural gas prices have only risen as the cost of renewable energy has fallen, and Alaska has to wonder where it will be in 20 years. The Dixon Diversion is a big step towards energy independence.

“We and our Railbelt utility partners also plan to upgrade power transmission and storage capacity to improve reliability and resiliency,” said Curtis W. Thayer, executive director of the AEA. “These improvements will facilitate and increase the benefits of new renewable energy generation on the rail belt, such as the Dixon Diversion.”

“I appreciate the Governor’s vision and leadership on this important subject,” said Tony Izzo, CEO of the Matanuska Electric Association and chair of the Bradley Lake project management committee. “The Bradley Lake Project Management Committee is working to ensure the reliable operation of the largest renewable asset in Alaska. Alaskan leaders and visionaries in the 1950s and 1960s recognized the power-generating potential of this glacier-fed lake. Because of their vision and expertise, ratepayers today benefit from Bradley Lake Hydro’s low-cost electricity. With the Governor’s support, we are working to diversify our energy mix, including clean and renewable energy for future Alaskans.

To learn more about this project, the AEA will host a joint agency and public meeting in June to share additional information. For more information, please contact Bryan Carey, Director of AEA Owned Assets, at [email protected] or by phone at (907) 771-3065.

What: Joint Body and Public Meeting for the Dixon Diversion Project

When: Thursday June 14, 2022, 5-7 p.m.

Or: Aspen Suites Hotel, 91 Sterling Hwy, Homer, AK 99603

Railbelt utilities include the Chugach Electric Association, Golden Valley Electric Association, Homer Electric Association, Matanuska Electric Association, and the City of Seward.

The Alaska Energy Authority is a state-owned corporation. Its mission is to reduce the cost of energy in Alaska.

EU proposes to ban Russian oil, its main energy supplier: NPR

0

European Commission President Ursula von der Leyen speaks at the European Parliament in Strasbourg, France on Wednesday.

Jean-Francois Badias/AP


hide caption

toggle caption

Jean-Francois Badias/AP


European Commission President Ursula von der Leyen speaks at the European Parliament in Strasbourg, France on Wednesday.

Jean-Francois Badias/AP

The European Union depends on energy exports from Russia more than from any other country. Today, the EU is proposing to cut itself off from Russian oil.

“Today we will propose to ban all Russian oil from Europe,” European Commission President Ursula von der Leyen announced on Wednesday, unveiling the latest European plan to punish Russia for invading Ukraine. .

The proposal comes after weeks of speculation over how far the bloc would go to impose economic sanctions that could harm its own member states.

The ban would hit a pillar of the Russian economy by phasing out the import of Russian crude oil to Europe within six months and stopping the flow of refined oil by the end of the year. It would also put enormous pressure on the 27 members of the EU to find new energy sources and face retaliatory measures imposed by Russia in return.

Here’s a quick rundown of why the oil ban is a particularly thorny issue for Europe:

The EU wants to punish Russia, its biggest supplier of fossil fuels

Anyone who feels conflicted about doing business with a company whose values ​​diverge from theirs can probably relate to the EU conundrum. The bloc wants to support Ukraine, and it doesn’t want to fund the Russian war machine. But the EU has come to depend on Russia more than any other country to meet its energy needs. New oil sanctions could expose European citizens to price hikes and fuel shortages.

In 2019, Russia accounted for almost 27% of EU crude oil imports, far more than any other single source. And despite the unity that prevails in Europe to oppose Russia after the invasion, the EU has not stopped buying Russian energy.

In the first two months after Russia started a war in Ukraine, Russia exported $66 billion worth of fossil fuels, and the EU accounts for 71% of that trade, according to a recent report by the Center for Research on energy and clean air.

Germany was the biggest importer, followed by Italy. The Netherlands and France were also among Russia’s top six customers for fossil fuels.

Is natural gas the next step?

The EU took its first big step away from Russian fuels last month, when it banned coal imports from Russia. Now he is targeting oil. But the toughest energy ban Europe could impose is on natural gas. Indeed, as dependent as the EU has been on Russian oil, it is even more dependent on Russian gas.

In the first two months of the war, deliveries of natural gas from Russia to Europe actually increased by 20%, even as oil and coal exports to the EU fell, according to the recent CREA report.

In the first quarter of 2022, the EU got 30% of its natural gas imports from Russia, according to the Institute of Energy Economics. Compare that to 2019, when Russia accounted for more than 41% of EU gas imports.

EU Energy Commissioner Kadri Simson said cutting off gas supplies from Russia completely to the EU would be a serious challenge.

“It’s not sustainable or affordable,” Simson said this week, to replace 155 billion cubic meters of Russian natural gas with gas from other sources.

She urges the EU to accelerate its adoption of green technologies and the transition to renewable energy sources, so that it can be independent of fossil fuels from Russia.

In the short term, Simson said, the EU should focus on boosting its gas storage levels, which currently sit at just over 32% of capacity. This will not be enough, she warned, to ensure sufficient supply for the next heating season.

Every member of the EU, Simson said, should ensure they have contingency plans in place “for full disruption”.

Europeans got a taste of what that disruption could look like last week, when Russia’s Gazprom suspended gas deliveries to Poland and Bulgaria after the countries refused to pay in Russian rubles.

The PCK oil refinery in Schwedt, Germany, is majority-owned by Russian energy company Rosneft and processes oil from Russia via the Druzhba pipeline.

Hannibal Hanschke/Getty Images


hide caption

toggle caption

Hannibal Hanschke/Getty Images

Many EU members back oil ban plan

At Von der Leyen’s oil plan announcement immediately drew applause from lawmakers during a session of the European Parliament. But the proposal does not seem to be unanimous: Hungary and Slovakia, particularly dependent on Russian energy supplies, have come out against a total ban. These countries will be given an exception to the ban, until the end of next year, according to Reuters.

The oil ban is part of the EU’s sixth sanctions package regarding Russia’s attacks on Ukraine. The plan must be approved by all 27 EU members before it can come into force.

“Let’s be clear: it won’t be easy,” von der Leyen said, “because some member states are heavily dependent on Russian oil. But we just have to do it.”

She promised the EU would institute the oil ban “in an orderly fashion”, to give countries time to organize alternative supplies and minimize disruption to the global oil market.

Von der Leyen recognized the potential for collateral damage to hurt the European economy. In doing so, she addressed another dilemma for the EU: how to punish Russia while minimizing the fallout.

“Because to help Ukraine, our own economy has to stay strong,” she said.

Can Algeria contribute to EU energy security? | Business | Economic and financial news from a German perspective | DW

0

As the EU diversifies away from Russian natural resources, the Mediterranean is emerging as one of the most important regions for energy security in the bloc. In the southern part of the Mediterranean, oil and gas reserves are abundant. Around 10% of EU imports come from Algeria.

Last month, Italian oil and gas company ENI used its ties and signed deals to import LNG from Egypt and an additional 9 billion cubic meters (bcm) of piped gas per year from Algeria. The two North African countries hold the largest proven gas reserves in the area, even ahead of Libya.

The EU, well aware that it can only depend on a few suppliers, understands that the two countries will be at the heart, but not a silver bullet, of its energy security.

Timing is crucial

Hydrocarbon deposits and infrastructure take more than a year to develop, while the most critical moment for Europe should come during the next heating season.

“The region is currently unable to provide a full substitute for volumes imported from Russia, at least in terms of oil and gas, but can make significant contributions if producers fully exploit existing infrastructure, such as LNG terminals in Algeria. and in Egypt, pipelines in Algeria and Libya,” Nadim Abillama, Middle East and North Africa (MENA) program manager at the International Energy Agency (IEA), told DW.

Regional specificities

“There is a reasonable chance that Europe’s energy needs will give Algeria some leverage to pit European countries against each other based on their political and economic concessions and positions on the issue of Western Sahara, which has recently revived,” Marco Giuli, a research fellow at the Brussels School of Governance, told DW.

The renewal and strengthening of old ties, which in the case of Italy predate Algeria’s independence, could create tensions. Transmed, the world’s first deepwater gas pipeline, linked Algeria and Italy in 1983. Apart from the Berlusconi era, the two countries have enjoyed strong relations.

Still, Algeria’s recent decision to sign a deal with Italy has ruffled some feathers in Spain. Experts see the revision of Spanish policies in Western Sahara as a reason for this decision. In November, Algeria closed one of two gas pipelines bringing gas to the Iberian Peninsula due to tensions with Morocco. Others sensed a lot of opportunism from the Italian side.

Despite the different interpretations, one aspect is undeniable: exporting countries can choose their partners and offer additional gas as part of a wider collaboration, which will also include political and technological aspects.

“Spanish companies cannot offer the same level of technical know-how in exploration, building LNG plants and laying subsea pipelines as their Italian counterparts,” researcher Francis Ghiles told DW. Principal at the Barcelona International Business Center.

Ghiles, a former FinancialTimes The correspondent for North Africa explains that France, Japan and the United States have also played a role in the country’s oil and gas industry and will continue to do so. Germany is another potential key player.

“Germany has a reputation for being reliable in Algeria, dating back to the tractor and engine factories it built in the 1970s,” Ghiles noted. “As the energy tectonic plates shift, it could be a good time for Germany and Algeria to relaunch a conversation about gas and renewables,” he suggested.

Ongoing changes

But Algeria is not the only country targeted. The Eastern Mediterranean region is seeing significant change – with the US-sponsored reintegration of Turkey into the regional energy system in recent months and momentous discoveries off the coasts of Israel, Cyprus and Egypt over the past decade.

“Egypt has re-emerged as a natural gas exporter,” said IEA’s Abillama, explaining that Eastern Mediterranean exporters will have to rely on LNG terminals, unlike Western Mediterranean exporters who can fall back on existing gas pipelines.

The fragmentation of the Mediterranean remains a problem in the regional energy sector. Nevertheless, a lesson can be learned: cultural proximity, long-standing ties and mutual understanding are valuable diplomatic assets, which will help maximize the contribution of the Mediterranean to EU energy security.

African oil reserves

Algeria’s potential

Algeria is one of the top 11 countries in terms of proven gas reserves. According to data from the US Energy Information Administration, Algeria sits on the third largest recoverable shale gas resource after China and Argentina.

US companies see opportunities in shale gas cooperation in the country, while Germany is considering renewable projects.

As part of the German-Algerian energy partnership, the German development agency GIZ has been commissioned to study the country’s green hydrogen potential.

“In 2021, GIZ presented a study on the potential of Power to X technologies in Algeria by 2050,” a spokesperson told DW. “According to the study, the country can generate a lot of electricity from solar energy which is needed for the production of green hydrogen.” (Power-to-X is an umbrella term for a number of energy conversion and storage pathways that utilize excess electrical energy from renewables, typically solar and wind.)

GIZ explains that Algeria is also in a good position to exploit its oil and gas expertise and its gas pipelines, which could transport hydrogen after some technical adjustments.

EU investments in green projects in the region could also increase national electrification, which would imply less gas consumption in the region and higher profits on exports.

The International Energy Agency notes that renewable energy development requires significant private sector investment, which would put pressure on Algeria to ensure an attractive investment environment. Some regulatory changes have been made, including reforms to encourage foreign ownership of companies based in Algeria.

“A tender for 1 GW of solar capacity was launched at the end of 2021 and bids must be submitted by June this year,” Abillama said. “The results of this tender will allow us to properly assess the success of the reform efforts.”

Edited by: Hardy Graupner

APSECM – The new Indian Express

By Express press service

VIJAYAWADA: In view of the increase in energy consumption during summer, Andhra Pradesh State Energy Conservation Mission (APSECM), which is the designated energy conservation agency energy (EC) and energy efficiency (EE) in the state, called on people to implement the default temperature of air conditioners (AC) at 24 degrees Celsius to save substantial energy in commercial sectors and residential/building.

According to experts, lowering the temperature too much shortens the life of air conditioners and increases the monthly electricity bill, in addition to having harmful effects on the human body. The normal human body temperature is around 36 to 37 degrees Celsius, but in large commercial establishments, such as hotels, airports and offices, air conditioning operating personnel maintain a lower temperature of around 18 at 21 degrees Celsius for a cool environment. In fact, it’s unhealthy and uncomfortable too.

The effects of low AC temperature include breathing problems, stiff bones, headaches, dry eyes and skin, hypothermia, and high blood pressure. Experts say that the temperature up to 24 degrees Celsius is quite comfortable for the human body.

According to scientific data, we can save about 6% electricity with an increase in ambient temperature of 1 degree Celsius. Usually, the room temperature is set at 20-21 degrees Celsius, while the ideal temperature is 24-25 degrees Celsius. Considering a temperature increase of 20 to 24 degrees Celsius, will result in a saving of approximately 24% in electricity, which may help the Department of Energy achieve its goal of providing electricity to all 24 hour sectors.

According to Bureau of Energy Efficiency (BEE) data, the current total installed air conditioner capacity of 80 million TR (tons of refrigeration) in the country could increase to 250 million TR within 10 years, which would lead to a total connected load of about 200 GW by 2030. About 20 billion units (worth Rs 10,000 crore) of energy can be saved per year if consumers set the default temperature of air conditioners at 24 degrees Celsius, APSECM officials said. According to a preliminary estimate, the current annual energy demand for air conditioners in Andhra Pradesh is about 3,000 MU, or about 5% of the state’s overall electricity consumption.

Keeping this in mind, APSECM called on consumers to set the default AC temperature to 24 degrees Celsius, which will minimize power consumption and help Discoms to fully meet electricity demand.
If a man uses 1.5 tons alternating current, he consumes about one unit of power per hour. One unit of power corresponds to approximately 0.98 kg of carbon dioxide (CO2) emissions into the air. “If an air conditioner runs for 8-10 hours a day, it will release almost 10 kg of CO2 emissions, which is a major climate change challenge,” APSECM officials explained.

APSECM, in line with BEE guidelines, has raised awareness of the need for a default AC temperature setting of 24 degrees Celsius in all commercial and domestic establishments.
Also, he suggests the use of star rated AC which saves a considerable amount of electricity.

“We are not going to ask consumers to use less energy, but we are asking them to use energy more wisely for the benefit of themselves and society, which is the main objective of the energy conservation and efficiency.Turn off lights, fans and air conditioners when leaving the room.Some energy will be wasted if you do not turn off the TV even if you turn off the remote control after watching it. Also, be sure to completely unplug the charger or at least turn it off after charging your cell phone,” APSECM officials suggested.

20 billion units of energy worth 10,000 cr can be saved per year

According to Bureau of Energy Efficiency (BEE) data, the current total installed air conditioner capacity of 80 million TR (tons of refrigeration) in the country could increase to 250 million TR within 10 years, which would lead to a total connected load of about 200 GW by 2030. About 20 billion units (worth Rs 10,000 crore) of energy can be saved per year if consumers set the default temperature of air conditioners at 24 degrees Celsius, APSECM officials explained.

Kyoto Group and Hydro REIN sign a memorandum of understanding to develop combined renewable energy and thermal energy storage solutions for industrial players

0
Oslo, May 3rd 2022

"We are very happy to announce this collaboration with Kyoto Group. Together we
can help our industrial clients decarbonize and optimize both their energy
consumption and their heat demand," says Head of Energy Solutions Nicholas R.
Martin in Hydro REIN. 

The parties agreed to jointly develop and offer a combined service to industrial
partners. Hydro REIN will be offering their renewable energy services including
Kyoto's Heatcube thermal energy storage. Over the next two years, the parties
are planning to carry out three to five pilot and commercial projects with
industrial partners. Kyoto Group will co-design the solution and participate in
serving the clients. 

"We are very excited to partner with a key renewable energy player such as Hydro
REIN to deliver a joint-offering to the Nordic and European market. Being able
to offer industrial heat through a Heatcube thermal battery combined with
guaranteed renewable energy will help the industry reduce emissions and improve
security of supply at lower costs," says Chief Commercial Officer Tim de Haas
from Kyoto Group. 

The Kyoto Heatcube can be configured with capacities from 5 MWh to over 100 MWh,
and with charge- and discharge effect for each Heatcube up to 5 MW. It is an
innovative, low-cost and modular storage solution for thermal energy that can
use multiple renewable energy sources to heat molten salt to over 500 degrees
Celsius. The high-temperature salt is then used to produce steam for industrial
production processes. 

For additional information, please contact:
Kyoto Group
Kyoto Group CEO Camilla Nilsson +47 48 29 56 85 or [email protected] 

Hydro REIN 
Hydro Energy Head of Communication & Public Affairs, Maria Melfald Tveten +47 90
78 38 02 or [email protected]

About Kyoto Group
Kyoto Group offers a thermal battery, the Heatcube, to produce, store and supply
renewable heat to industrial players. The Heatcube secures heat supply based on
renewable energy for industrial production process and thereby enables the
industry to significantly reduce their CO2 footprint. The Heatcube utilizes
lower-cost engery sourced from excess solar and wind energy. 
www.kyoto.group 

About Hydro REIN
Hydro Rein was established in 2021 as part of Hydro's strategy to grow in
renewables. The company aims at becoming the preferred supplier of renewable
power and other energy solutions for industrial clients.
Hydro Rein has a significant pipeline of wind and solar projects in Brazil and
the Nordics for long-term power supply to Hydro and other industrial offtakers.
Hydro Rein is also developing a range of energy solutions to assist industries
with the management and optimization of its energy consumption and storage
behind-the-meter. 
https://www.hydro.com/en-NO/energy/renewable-growth/ 

This information is considered to be inside information pursuant to the EU
Market Abuse Regulation and is subject to the disclosure requirements pursuant
to Section 5-12 the Norwegian Securities Trading Act.

This stock exchange announcement was published by Camilla Nilsson, CEO and
interim CFO in Kyoto Group AS, on May 3rd 2022 at 19.10 CEST.

Click here for more information

© Oslo Bors ASA, source Oslo Stock Exchange

DCP Midstream, LP (NYSE: DCP) Received Consensus “Buy” Recommendation from Brokerages

0

DCP Midstream, LP (NYSE: DCP – Get a rating) received a consensus “Buy” recommendation by the thirteen brokerages that currently cover the stock, reports Marketbeat Ratings. Two investment analysts rated the stock with a hold recommendation, eight gave the company a buy recommendation and two gave the company a strong buy recommendation. The average 1-year target price among brokers who have hedged the stock over the past year is $36.00.

Several research analysts have recently released reports on the stock. Raymond James raised his price target on DCP Midstream shares from $40.00 to $45.00 and gave the stock a “Strong Buy” rating in a Wednesday, April 20 report. StockNews.com supposed coverage of DCP Midstream shares in a Thursday, March 31 report. They set a “buy” rating for the company. Evercore ISI upgraded shares of DCP Midstream from an “in-line” rating to an “outperforming” rating in a Monday, April 4 report. Mizuho raised its price target on DCP Midstream shares from $37.00 to $41.00 and gave the stock a “buy” rating in a Friday, April 8 report. To finish, Zacks Investment Research moved shares of DCP Midstream from a “hold” rating to a “strong-buy” rating and set a target price of $38.00 for the company in a Tuesday, March 29 report.

(A d)

Looking for the next disruptive Microcap stocks? These companies will be releasing their quarterly results very soon… And we’ve found 5 microcap stocks that could experience a surge in share price.

Several hedge funds and other institutional investors have recently changed their positions in the company. SG Americas Securities LLC increased its position in DCP Midstream shares by 9.8% in the first quarter. SG Americas Securities LLC now owns 22,161 shares of the pipeline company valued at $744,000 after purchasing an additional 1,974 shares during the period. Keybank National Association OH increased its position in DCP Midstream shares by 30.8% in the first quarter. Keybank National Association OH now owns 14,023 shares of the pipeline company valued at $471,000 after purchasing 3,301 additional shares during the period. Albert D Mason Inc. acquired a new equity stake in DCP Midstream in the first quarter worth approximately $202,000. Eagle Global Advisors LLC increased its position in DCP Midstream shares by 18.6% in the first quarter. Eagle Global Advisors LLC now owns 654,106 shares of the pipeline company valued at $21,952,000 after purchasing an additional 102,436 shares during the period. Finally, Farmers & Merchants Investments Inc. acquired a new equity stake in DCP Midstream in the first quarter valued at approximately $30,000. Institutional investors and hedge funds own 33.25% of the company’s shares.

NYSE DCP opened at $33.88 on Tuesday. The company has a fifty-day simple moving average of $33.70 and a two-hundred-day simple moving average of $30.57. The stock has a market capitalization of $7.06 billion, a P/E ratio of 21.31 and a beta of 3.18. DCP Midstream has a 12-month low of $22.60 and a 12-month high of $39.54. The company has a current ratio of 0.87, a quick ratio of 0.83 and a debt ratio of 0.99.

DCP Midstream (NYSE: DCP – Get a rating) last released its quarterly results on Wednesday, February 9. The pipeline company reported earnings per share (EPS) of $0.83 for the quarter, beating the Zacks consensus estimate of $0.79 by $0.04. The company posted revenue of $3.48 billion in the quarter, versus $5.31 billion expected by analysts. DCP Midstream had a net margin of 3.65% and a return on equity of 5.70%. In the same quarter last year, the company posted earnings per share of $0.34. As a group, sell-side analysts expect DCP Midstream to post earnings per share of 4.34 for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, May 13. Shareholders of record on Friday, April 29 will receive a dividend of $0.39. The ex-date of this dividend is Thursday, April 28. This represents an annualized dividend of $1.56 and a dividend yield of 4.60%. DCP Midstream’s dividend payout ratio (DPR) is 98.11%.

About DCP Midstream (Get a rating)

DCP Midstream, LP, together with its subsidiaries, owns, operates, acquires and develops a portfolio of midstream energy assets in the United States. The company operates through logistics and marketing, and collection and processing. The Logistics and Marketing segment is engaged in the transportation, trading, marketing and storage of natural gas and natural gas liquids (NGLs); and NGL fractionation.

Featured Articles

Analyst Recommendations for DCP Midstream (NYSE: DCP)

This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]

Should you invest $1,000 in DCP Midstream right now?

Before you consider DCP Midstream, you’ll want to hear this.

MarketBeat tracks Wall Street’s top-rated, top-performing research analysts daily and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes hold…and DCP Midstream didn’t make the list.

Although DCP Midstream currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

See the 5 actions here

Energy companies ignore permits and pay for the process of pumping water from Lake Bistineau | News

0

KORAN, La. — Some Haynesville shale drillers are getting a big state gift. But a state legislator wants Louisiana to stop giving away a precious natural resource: water.

State Sen. Robert Mills said some oil and gas companies are pumping millions of gallons of water from waterways, like Lake Bistineau, for free for use in the fracking process.

“Unfortunately, Louisiana just hasn’t handled that asset very well. And so people are taking advantage of an opportunity. Can’t blame them. Free is pretty good,” says Sen. Mills.

He notes that what these companies are doing is not illegal. Louisiana has a voluntary system. Those who bother to get a permit pay a state-capped rate of just 15 cents per thousand gallons, under a law passed in 2014. Mills says that’s just a fraction of what what it’s worth.

Other companies just take on water.

“I think this day has to come to an end,” Mills said.

Mills estimates the state is losing $5 million or more in revenue from energy companies.

Michael Morrison, who lives by the lake, says the noise from pumps along the shore detracts from the normally quiet setting. But he is more concerned about the health of the lake.

“We have problems with salvinia. If we could get more money from these oil companies, there might be more money for spraying,” Morrison said.

Senator Mills is the author of a bill that would set a fair market rate for state water sales. Ninety percent of the money generated was reportedly spent on spraying aquatic weeds. However, the bill died in committee, as the oil and gas lobby opposed it.

Mills says he will try again next year.

KTBS 3 News visited a lakeside pumping site. The water passes through large pipes to a retention pond that has been dug. Then it is pumped again through pipes that wind for miles to the drill sites. A spokesperson for the company, Aethon Energy, says they have a permit and pay for the water they pump.

Global energy shortage could be a boon for tidal power

0

Governments seeking to accelerate the renewable energy revolution are beginning to discuss the long overlooked potential of tidal power. In response to oil and gas shortages, due to the Russian invasion of Ukraine, countries around the world have been looking for ways to increase supply, as well as trying to ensure long-term energy security. . A seldom-discussed potential opportunity is tidal power, which harnesses the power of the ocean to generate electricity. In the UK, several tidal projects are underway in various parts of the country. The $39 million Morlais project on an island off Wales is funded by the European Union. The turbines are expected to be installed over 13 square miles, making the area one of the largest tidal power sites in the world. The project has attracted such large investments because it offers a more reliable alternative to solar and wind power thanks to the predictability of the tide.

As the UK rapidly moves away from coal, energy companies are looking for renewable alternatives to fill the void. Morlais will use the kinetic energy of the tide to generate electricity for more than 180,000 homes. However, this is small compared to other proposals such as the plan for an $8.8 billion project to power around one million homes.

Earlier this year, councilors supported a proposal to build a 30 km long dyke and the installation of several turbines to generate tidal power in Denbighshire, Wales. But now North Wales Tidal Energy will have to appeal to the UK government for support for such a massive project.

However, several tidal projects have been rejected by the government in recent years. Roger Falconer, Emeritus Professor of Water and Environmental Engineering at Cardiff University Explain “The problem with lagoons and tidal dams is that you don’t get electricity until they’re pretty much finished, and that can take years.”

These types of projects just weren’t attractive before. But now, several political powers around the world are realizing the growing importance of energy security, particularly in response to recent oil and gas shortages, which could mean new opportunities for long-neglected energy sources such as than tidal power.

At present, ‘the UK is a world leader in tidal power, as nearly 50% of the world’s installed tidal current capacity is in UK waters,’ a gatekeeper said. -speaker of the Department of Business, Energy and Industrial Strategy. This is because the west coast of the UK has one of the highest tides global.

Meanwhile, in Canada, energy companies suggest that new tidal technologies could be significantly better than solar developments because of their efficiency and reliability. Montreal-based energy company Idenergie is launching a new type of tidal turbine that it says won’t disturb marine life in the region and can provide continuous power throughout the day and night. The company believes that a turbine can provide the same energy as 12 solar panels. In addition, the turbine can be easily transported in several parts and built on site. Idenergie claims to be able to supply up to 12 kWh of electricity per day and connect to a battery network.

Related: Exxon and Chevron Post Blockbuster Earnings

On a larger scale, Canada is preparing to launch a major tidal energy project in Nova Scotia, which will connect via a 1 km submarine cable to the grid system. Jason Hayman, CEO of Sustainable Marine, explains of the project: “These waters are a huge, untapped source of fully renewable and predictable energy that is powered by the moon as it orbits our planet. The Bay of Fundy’s unique geometry transforms this gravitational force into vast tidal currents that flow at speeds of up to 10 knots. It took many years of testing, development and demonstration to refine the technology and understand how best to capture and convert tidal energy. But now is the time. Sustainable Marine’s next-generation platform is grid-connected and ready to energize.

And for islands, tidal power has huge potential, with experts suggesting that places like the Faroe Islands, an archipelago off Denmark, could get 40% of their power from tidal developments. Tidal energy company Minesto recently announced plans for four sites, which could reach a total capacity of 120 MW of tidal energy, or about 350 GWh per year.

CEO of Minesto Martin Edlund mentioned“As we are at the forefront of creating a completely new industry, where we intend to add predictable tidal power to the global energy mix, we are delighted to support the Faroe Islands in their exploratory and ambitious journey towards a balanced energy system.” Although the small island requires far less energy than most countries, the project could demonstrate how other places can harness the power of the ocean to provide clean energy and reliable.

Governments are often reluctant to consider tidal projects due to lack of understanding of the energy source. Huge investments must be made in research and on-site testing to fully understand the potential of tidal energy. But as world powers realize the need for longer-term renewable alternatives to oil and gas and become more willing to consider innovative energy sources, there is enormous potential for tidal power and several other very neglected.

By Felicity Bradstock for Oilprice.com

More reading on Oilprice.com:

Kuwait’s MPW is working on the construction of five “shopping” centers

Kuwait – Eng. Elham Al-Shammari, the project engineer for the demolition, reconstruction and maintenance of five external business licensing centers at the Ministry of Public Works, announced that the ministry is currently implementing the project, Al-Anba daily reports. .

In a press release, she disclosed that the centers will be located in five different locations in various governorates of Kuwait. Eng. Al-Shammari said: “Hawally Center belongs to Hawally Governorate, Khaitan Center to Farwaniya Governorate, Mansouriya Center to Capital Governorate, Al-Dhahr Center to Ahmadi Governorate and Al-Ayoun Center to Jahra. Each building consists of a basement, a ground floor, first and second floors and the roof.

The ground floor will have halls to receive customers, and the first and second floors will have the office for employees and for “VIP” services. Each center is of different sizes, with the largest center being the Hawally center and the smallest being the Al-Dhahr and Mansouriya centers.

The centers will be characterized by the presence of the latest technologies compared to the old one that was demolished. Display screens will be installed in the reception halls and surveillance cameras on each floor. There will be elevators in each center and the buildings will be electronically linked via the Internet”.

Regarding the modern exterior specifications of the buildings, she said, “The buildings are characterized by modern specifications such as fire and emergency systems at entrances and exits, and electricity generators. As for the aesthetic aspect, the logo of the Ministry of Trade and Industry will be on the facades of the buildings and will reflect the Kuwaiti heritage, in addition to the signs that will be in the offices of the employees. The reinforced concrete floors of each building will contribute to the durability and warmth of the building to make them soundproof and prevent the passage of air.

Currently, excavation and reinforcement works are underway in the center of Mansouriya and concrete pouring works in the center of Al-Ayoun. The project is executed under the direct supervision of the apparatus of the ministry.

In addition, the design aspect has taken into account the need for energy saving through the facades which contain a high quality glass structure that absorbs sunlight and is characterized by a shading ratio, which helps to reflect the rays. There is also a “skylight” in each building to provide natural lighting for a large area. For the air conditioning system, the chosen cooling gas complies with the conditions and standards of the Ministry of Electricity and Water. Efforts have been made to reduce carbon emissions and environmental pollution by using a thermal insulation system that works to retain heat inside buildings”.

© 2022 Arab Times Kuwait English Daily. All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info).

Warren Buffett doesn’t believe in Bitcoin, won’t buy it even at $25. Read here

0

The 91-year-old believes that assets should have value and that there is only one accepted currency, and that is not crypto.

“If you told me you had all the bitcoin in the world and offered it to me for $25, I wouldn’t take it. What would I do with it,” Buffett said. Initiated.

Speaking at an annual meeting of Berkshire Hathaway shareholders, the billionaire claimed that cryptocurrency is not a productive asset and does not produce anything tangible.

“Whether it will increase or decrease next year, or in five or ten years, I don’t know. But the one thing I’m pretty sure of is that it doesn’t produce anything,” he added.

Buffett said he’s invested billions of dollars so far this year, even though he’s taken a beating on Wall Street.

He answered questions for five hours at the highly anticipated annual meeting of shareholders of his holding company Berkshire Hathaway in Omaha, Nebraska, his first in-person meeting since before the Covid-19 pandemic. He did it with his right arm Charlie Munger, who is 98 years old.

The event, dubbed “Woodstock for Capitalists,” draws thousands of shareholders from around the world to hear the investment wisdom of Buffett, revered among investors as the “Oracle of Omaha.”

As markets wobbled year-to-date, Berkshire Hathaway spotted bargains and bought more than $51 billion worth of stock from January through March.

For example, it increased its investment in oil company Chevron from $4.5 billion at the end of 2021 to $26 billion at the end of March. Chevron is now one of the holding company’s top four investments, along with American Express, Apple and Bank of America. Berkshire Hathaway also acquired a 14% stake in Occidental Petroleum.

It also bought an 11% stake in computer maker HP and increased its stake in video game maker Activision – which is being acquired by Microsoft – to 9.5%.

Berkshire sold shares worth $10 billion during the same period from January to March.

Ultimately, Berkshire’s war chest grew from $147 billion to $106 billion.

But Buffett said investors need not worry because Berkshire “will always have plenty of cash” to weather the tough times.

Vice Chairman Greg Abel — at 59, he is Buffett’s designated successor — and company executive Ajit Jain joined him and Munger on the podium.

– Profits down –

Buffett took a beating on Wall Street, saying, “They make a lot more money when people gamble than when they invest.”

He said the fact that his company acquired 14% of Occidental Petroleum in just two weeks shows that “the overwhelming majority of large American companies have become poker chips.”

About cryptocurrencies, he said: “Will it go up or down next year or in five or 10 years, I don’t know. But the one thing I’m pretty sure about is is that it does nothing.”

The issue of succession at Berkshire Hathaway is significant because of Buffett and Munger’s ages, but neither has said anything about retirement.

Ahead of the meeting, Berkshire said its net profit fell 53% in the first quarter due to a drop in the paper value of its investments.

Berkshire reported net profits of $5.5 billion, down sharply from $11.7 billion in the year-ago period.

Operating profits for companies owned by the conglomerate — ranging from insurance companies to energy providers and even frozen desserts — remained essentially unchanged, at $7.04 billion.

A drop in profits for insurance companies was offset by profits for rail lines, energy companies, manufacturing, services and retail sales, according to a statement from Berkshire Hathaway.

But the value of his investments, which can be volatile from quarter to quarter, plunged amid the year’s market weakness, leading to a paper loss of $1.58 billion.

Buffett regularly advises his shareholders to ignore quarterly fluctuations, whether positive or negative.

The value of Berkshire shares themselves have held up well – up 7% year-to-date, while the S&P 500 index, representing the 500 largest companies listed on Wall Street, has lost more than 13 %.

To subscribe to Mint Bulletins

* Enter a valid email

* Thank you for subscribing to our newsletter.

Pokémon GO Mega Moment Special Research Tasks and Rewards Revealed

0

Pokémon GO’s Mega Evolution update has been released worldwide. Here are the Special Research Tasks and A Mega Moment rewards that have been revealed.

The “A Mega Moment” event has been announced for Pokemon GO and Niantic revealed the Special Research Tasks and rewards for the April Celebration. The limited-time event coincides with the launch of the massive Mega Evolution update in Pokemon GO it had been rumored for months. The update brings drastic changes to the X and Y Era evolution mechanics, including a complete overhaul of the Mega Energy system. To help players re-immerse themselves in Mega’s, Pokemon Go hosts the “A Mega Moment” event which includes a special research story that offers a host of useful rewards.

the Pokemon GO The “A Mega Moment” event officially kicked off on April 28 and will run until Sunday, May 1 at 8:00 p.m. local time. Like the month of April Pokemon GO: Ula’ula Adventure Special Research, players will be able to complete the “A Mega Moment” Special Research story at any time as it has no expiration date. Players just need to log in to Pokemon GO before May 1st in order to add the tasks and rewards to their account, as the Special Research Story will no longer be available after “A Mega Moment” ends.

VIDEO OF THE DAY

Related: Pokémon GO Mega Evolution Update Adds Mega Levels

According to Duck with leeks Special Research Story “A Mega Moment” will have a total of four stages and 12 tasks for Pokemon GO players to complete. In the Special Research story, players will be able to catch the popular Kanto Squirtle, Bulbasaur, and Charmander starters from 1999. Red and blue. Once players decide which Kanto starter they want to Mega Evolve, most of the rewards will center around providing Trainers with the Mega Energy needed to unlock Mega Evolution for their chosen Pokemon.

Special Research Tasks and Mega Moment Rewards in Pokémon Go


Pokemon GO Mega Moment Special Research Tasks and Rewards

Step 1/4

  • Catch 3 Pokemon: Bulbasaur encounter
  • Catch 3 Pokémon: Charmander encounter
  • Catch 3 Pokemon: Squirtle encounter
  • Awards: 500 XP, 200 Stardust and 10 Poké Balls


Choose Venusaur / Choose Charizard / Choose Blastoise

Step 2/4

  • Catch 5 Pokémon: 10 Poké Balls
  • Use 5 Berries to help catch Pokémon: 10 Large Balls
  • Power up Pokémon 5 times: 10 Razz Berry
  • Awards: 200 Mega Energy, 1 Premium Raid Pass and Venusaur, Charizard or Blastoise encounter (depending on the Pokemon chosen earlier)

Step 3/4

  • Earn 5 hearts with your friend: 50 mega energy
  • Power up Pokémon 10 times: 50 Mega Energy
  • Chosen Pokemon Mega Evolve: 1 Charged TM
  • Awards: 1,000 XP, 600 Stardust, and 100 Mega Energy

Step 4/4

  • Win a Raid: 6 Revive
  • Defeat a Team Rocket GO grunt: 2 Silver Pinap berries
  • Take a snapshot of your buddy: 6 regular potions
  • Awards: 2,000 XP, 1,500 Stardust, and 100 Mega Energy


Special Research story “A Mega Moment” is a great opportunity for players to unlock Pokemon GOit is Mega Evolutions for the three Kanto Starter Pokemon. Those who want to easily secure a Mega Charizard, Mega Venusaur, or a Mega Blastoise should make sure to log in to Pokemon GO before May 1st to unlock the Mega Story before it expires. With the new energy changes making it much easier to get Mega Pokemon, Mega Evolutions could be a game-changer Pokemon GO Raids.

Next: Pokémon GO Fest 2022: Dates, Bright Starts, and Global Challenges

Source: Duck with leeks/Twitter

cod modern warfare 2 2022 title trolled

Modern Warfare 2 hilariously lagging behind for its very confusing name


About the Author

Investors will want Schoeller-Bleckmann Oilfield Equipment (VIE:SBO) ROCE growth to persist

0

If you’re looking for a multi-bagger, there are a few things to watch out for. Typically, we will want to notice a growth trend to return to on capital employed (ROCE) and at the same time, a base capital employed. If you see this, it usually means it’s a company with a great business model and lots of profitable reinvestment opportunities. Speaking of which, we’ve noticed big changes in Schoeller-Bleckmann Oilfield Equipment (LIFE:SBO) returns on capital, so let’s take a look.

Return on capital employed (ROCE): what is it?

For those who don’t know what ROCE is, it measures the amount of pre-tax profits a company can generate from the capital used in its business. The formula for this calculation on Schoeller-Bleckmann Oilfield Equipment is:

Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets – Current Liabilities)

0.029 = €17m ÷ (€806m – €224m) (Based on the last twelve months to December 2021).

Thereby, Schoeller-Bleckmann Oilfield Equipment has a ROCE of 2.9%. Ultimately, that’s a poor performer, and it’s below the energy services industry average of 5.1%.

Check out our latest review for Schoeller-Bleckmann Oilfield Equipment

WBAG:SBO Return on Capital Employed April 30, 2022

Above, you can see how Schoeller-Bleckmann Oilfield Equipment’s current ROCE compares to its past returns on capital, but you can’t tell much about the past. If you’re interested, you can check out analyst forecasts in our free analyst forecast report for the company.

The ROCE trend

Schoeller-Bleckmann Oilfield Equipment has stormed into the dark (profitability) and we’re sure it’s a sight for sore eyes. While the company was unprofitable in the past, it has now turned things around and is earning 2.9% on its capital. Interestingly, the capital employed by the business has remained relatively stable, so these higher returns either come from paying off past investments or from increased efficiency. So while we’re glad the business is more efficient, just keep in mind that this could mean that going forward the business will run out of areas to invest in internally for growth. So if you’re looking for high growth, you’ll want to see a company’s capital employed grow as well.

By the way, we noticed that the improvement in ROCE seems to be partly fueled by an increase in current liabilities. In effect, this means that suppliers or short-term creditors now finance 28% of the activity, which is more than five years ago. It’s worth keeping an eye on this because as the percentage of current liabilities to total assets increases, certain aspects of risk also increase.

The essential

In summary, we are pleased to see that Schoeller-Bleckmann Oilfield Equipment has been able to increase efficiency and achieve higher rates of return for the same amount of capital. And given that the stock has remained fairly stable over the past five years, there could be an opportunity here if other metrics are strong. With that in mind, we believe the promising trends warrant further investigation of this stock.

Finally we found 2 warning signs for Schoeller-Bleckmann Oilfield Equipment which we think you should be aware of.

Although Schoeller-Bleckmann Oilfield Equipment does not generate the highest output, check out this free list of companies that achieve high returns on equity with strong balance sheets.

This Simply Wall St article is general in nature. We provide commentary based on historical data and analyst forecasts only using unbiased methodology and our articles are not intended to be financial advice. It is not a recommendation to buy or sell stocks and does not take into account your objectives or financial situation. Our goal is to bring you targeted long-term analysis based on fundamental data. Note that our analysis may not take into account the latest announcements from price-sensitive companies or qualitative materials. Simply Wall St has no position in the stocks mentioned.

Governor’s Office | This week in New Jersey

0

GOVERNOR PHIL MURPHY ANNOUNCES NEW JERSEY AGREEMENT WITH ØRSTED TO MARSHALER PROJECT OCEAN WIND

New Jersey Governor Phil Murphy announced that the New Jersey Economic Development Authority (NJEDA) has signed a Letter of Intent (LOI) with Ørsted Offshore North America for New Jersey’s first offshore wind project, Ocean Wind 1. Ørsted, the world’s largest developer of offshore wind turbines, is a PSEG partner on the Ocean Wind 1 project. The project’s 1,100 megawatts of output is enough to power 500,000 New Jersey homes.

The announcement, which was made during the Governor’s keynote address at the Business Network for Offshore Wind’s International Partnering Forum (IPF) in Atlantic City, delivers on the NJ Wind Port’s promise as a key infrastructure asset that will an economic engine in Salem County and throughout the state. When the Ocean Wind 1 project was initially approved by the New Jersey Board of Public Utilities (NJBPU) in June 2019, that approval was based on using an existing out-of-state port to stage the project. Following the state’s groundbreaking investment in the development of the first port purpose-built for offshore wind in the United States, the project seized the opportunity to utilize the New Jersey Wind Port, being the first to officially join the government’s effort to develop the country’s leading wind power. power supply chain. This announcement is expected to create over 200 pre-assembly, loading and rigging jobs in South Jersey, as well as hundreds of spin-off jobs.

“The New Jersey Wind Port is a historic and catalytic investment. As a state, we have committed over $500 million to build the critical infrastructure needed to install offshore wind projects from our shores. This investment enables both clean energy projects and New Jersey’s long-term economic growth,” said New Jersey Governor Phil Murphy. “Today’s announcement with Ørsted is proof that our strategy to establish New Jersey as the national leader in offshore wind is working and brings us one step closer to achieving our goal of 100% clean energy by 2050.”

READ MORE

GOVERNOR MURPHY AND ACTING ATTORNEY GENERAL PLATKIN ANNOUNCE $10 MILLION INVESTMENT IN LICENSE PLATE RECOGNITION TECHNOLOGY TO TACKLE RISE IN AUTO THEFT THAT FUELS VIOLENT CRIMES IN NEW JERSEY

Governor Phil Murphy and Acting Attorney General Matthew J. Platkin announced a $10 million investment in Automated License Plate Recognition (ALPR) technology to reduce violent crime and motor vehicle theft in New Jersey through the US Rescue Plan (ARP) state fiscal stimulus fund.

The funds will be used to purchase and expand existing high-speed automated camera systems to capture and store computer-readable images of license plates in a centralized database accessible to law enforcement. The technology will be installed at fixed locations throughout New Jersey and mounted on mobile units. This equipment provides law enforcement with additional tools to deal with the increase in motor vehicle theft and the corresponding increase in violent crime seen in suburban and urban areas of New Jersey.

“The alarming rise we are seeing in vehicle theft is unacceptable, and our administration is making investments to combat these occurrences statewide,” said Governor Murphy. “To help law enforcement in this endeavor, an investment in ALPR technology will give them the tools they need to reduce these incidents and make our communities safer.”

“Thanks to Governor Murphy, we are investing significant resources to give law enforcement the tools they need to combat the rise in auto theft across the state,” Acting Attorney General Platkin said. “Because stolen vehicles are increasingly used in the commission of violent shootings, deploying these automated license plate readers will save lives.”

READ MORE

MURPHY ADMINISTRATION ANNOUNCES NEARLY $12.8 MILLION IN ADDITIONAL FEDERAL FUNDING FOR HOME ENERGY ASSISTANCE PROGRAM

The Murphy administration announced that New Jersey has received $12.77 million in additional funding for the Low-Income Home Energy Assistance Program (LIHEAP), which is administered by the Department of Community Affairs of New Jersey. This is the second time the non-top-up LIHEAP program has received supplemental funding for the 2022 federal fiscal year.

“The administration truly appreciates these additional funds and will use them to provide continued assistance to eligible families across the state,” said Acting Governor Sheila Oliver, who is commissioner of the DCA. “We know New Jerseyans continue to struggle to pay for their utilities and this funding will go a long way to helping even more people in the months ahead. As the eligibility criteria have been expanded to include higher income levels, we urge people to apply for help through our unique online portal, DCAid.

READ MORE

NEW JERSEY’S $95B PENSION FUND UNVEILS EMERGING MANAGER PROGRAM TO DIVERSIFY PORTFOLIO AND CREATE NEXT GENERATION OF INVESTMENT TALENT

The Murphy administration officially unveiled a new Emerging Managers initiative launched by the Treasury Department’s Investment Division to further diversify the private markets portfolio for the state’s roughly $95 billion pension fund. New Jersey, including the first proposed investment of up to $250 million under the new program.

“I commend the Treasury and the Investment Division for setting the wheels in motion and expanding the network to attract a wider range of diverse investment opportunities, including investment managers from communities underserved”, mentioned Governor Phil Murphy. “We’re essentially building a farm team to build the next generation of talent – ​​emerging managers who have the skills, but not necessarily the access, to qualify for the major leagues.”

“This platform will enhance the pension fund’s exposure to a wider range of fund managers, including various fund managers,” State Treasurer Elizabeth Maher Muoio said. “The Investment Division has a fiduciary duty to invest pension fund assets for the financial benefit of the fund’s beneficiaries – the hardworking public employees of New Jersey. I commend the Investment Division for identifying this unique opportunity, exploring it and acting on it.

READ MORE

BeiGENE OPENS BASE FOR NEW MANUFACTURING AND CLINICAL R&D CENTER AT PRINCETON WEST INNOVATION CAMPUS IN NEW JERSEY

BeiGene, Ltd., a global biotechnology company focused on developing innovative and affordable medicines to improve treatment outcomes and access for patients worldwide, announced the grand opening of its flagship U.S. manufacturing and Clinical R&D at the Princeton West Innovation Campus in Hopewell, NJ

“BeiGene’s plans for hundreds of new jobs in New Jersey demonstrate our efforts to grow our state’s business-friendly environment and our commitment to fostering innovation,” said Governor Phil Murphy. “We are proud to welcome BeiGene to the Princeton area and look forward to the company manufacturing innovative cancer drugs in its new state-of-the-art facility. »

“Our planned flagship U.S. R&D and manufacturing center supports our commitment to fighting for the lives of people with cancer worldwide, through the manufacture of cutting-edge commercial-stage biopharmaceuticals, late-stage research and clinical development capabilities,” said John Oyler, co-founder, president and CEO of BeiGene. “The Princeton-Hopewell area is an excellent location for BeiGene and the thriving life sciences community, with a strong talent pool as we continue to advance our portfolio of innovative cancer drugs and diversify our supply chain. world.”

READ MORE

16 companies receive catalytic funding to fight energy access

0

Cycle 8 of the UK government-funded Energy Catalyst program has announced its next wave of promising clean energy innovations that address the energy “trilemma”.

The energy “trilemma”: clean energy, affordable energy and accessible energy, to transform the energy landscape while addressing gender equality and social inclusion in sub-Saharan Africa and Asia.

This latest round of awards is part of Energy Catalyst’s efforts to support developing economies by improving access to clean, reliable energy and shifting away from fossil fuels through the commercialization of new clean energy technologies and new business models.

Did you read?
Energy transition, a catalyst for Africa’s economic future?

The 16 funding winners represent market-driven technologies across a range of innovations, including next-generation storage batteries, cutting-edge ventilation and air cooling for schools, healthcare facilities and offices, the use of AI and machine learning, and a mobile mini-grid that can be transported from village to village to bring clean energy to remote communities. [See the list of funding winners below]

The ambitions of the program are in line with the growing momentum around energy access, highlighted at COP26 with increased emphasis on the need for an inclusive global transition to clean energy, in line with the United Nations Sustainable Development Goal 7.

Alice Goodbrook, Innovate UK, Innovation Lead – Energy, said: “The impact of companies supported by Energy Catalyst is already being felt in almost 30 countries around the world, boosting access to clean energy and improving lives. people in developing economies. I’m excited to see how Round 8 companies can extend that impact even further.

The 16 innovative Energy Catalyst Round 8 projects on energy access

  • Smart villages – Innovative mobile mini-grid scale service and storage for rapid scaling up of rural energy access in Kenya.
  • InvestinGreen.Energy – Independent renewable energy power producer, an advanced and innovative battery extension for scalable and sustainable mini-grids.
  • Solveteq – Sustainable alternative to informal recycling of lead-acid batteries.
  • Queen Mary University of London – Microgrid powered by Sea Wave Energy for remote islands and rural coasts.
  • Pilio – Establish an insertion program in Pakistan to provide affordable renewable energy to rural communities of cotton pickers in extreme poverty with the support of fashion brands.
  • Nova Innovation – Feasibility of Larantuka and Tidal Power of Indonesia (FLITE).
  • Green Fuels Research – PoWGEN – Pangasius and other waste for green energy needs.
  • Aquatera – IESSLA Integrated Energy Systems site selection assessment for accelerated development of activities and projects in off-grid islands.
  • Blockchain Climate Policy Studies Ltd – Blockchain-based off-grid energy trading system to improve the sustainability of less affluent communities in Indonesia.
  • Buildings in free circulation – FREECOOL+ – Adaptation of passive ventilation and zero energy cold for sub-Saharan Africa.
  • Power of integrals – NexGen battery (NGB).
  • Aceon – Development of an innovative off-grid energy storage system for sub-Saharan Africa using a portable and affordable sodium (Na)-ion battery system.
  • Verditek – Development of a robust and ultra-light portable solar power system – providing scalable renewable energy (50W-1.5kW) to off-grid communities in Zimbabwe and SSA.
  • Technological Solutions – Implementation of photovoltaics through an innovative model of mini-grid expansion for African and Asian rural communities – (IMPHORAA).
  • enee.io – Increase access to energy through improved battery life and performance.
  • Azuri Technologies – Unplugging the generator: solar power takes on the intermittent grid in Nigeria.

Did you read?
Africa is one of the fastest growing venture capital markets in the world

Goodbrook added: “I am truly encouraged by the massive interest the program has continued to receive and the high level of applicants in this latest round of funding. The program’s progress to date underscores the vital importance of this type of funding in helping clean energy innovators bridge the gap to commercialization. [Look out for the ESI Africa podcast with Alice Goodbrook discussing what it takes to be an Energy Catalyst innovator – Podcast coming mid-June]

Energy Catalyst is an Innovate UK program co-funded by the Foreign, Commonwealth and Development Office, the Global Challenges Research Fund, the Department of Business, Energy and Industrial Strategy and the Engineering and Physical Sciences Research Council.

The Carbon Trust runs the Energy Catalyst business accelerator program with support from Energy 4 Impact, Power for All, Intellecap and Open Capital Advisors.

Launched in 2014, Energy Catalyst has supported over 566 organizations, including 119 international partners. The program has provided £60m of funding for energy access technologies and business models and has improved energy access in 36 countries.

IInnovative financing mechanisms to create energy projects across Africa will be discussed at Enlit Africa.

Enlit Africa (the unifying brand for African Utility Week and POWERGEN Africa) invites you to join the conversation from June 7-9, 2022 in Cape Town, South Africa.

Electricity demand will increase in the Tennessee Valley as the economy electrifies

0

Tennessee will soon become the No. 1 state for electric vehicle production in a power shift that could nearly double electricity demand in the Tennessee Valley over the next three decades, the head of the Tennessee Valley Authority.

In a speech to the Chattanooga Rotary Club, TVA CEO Jeff Lyash said TVA’s reliable, low-cost electricity has helped spur automakers to plan or begin production of battery-powered vehicles in Chattanooga by Volkswagen, in Smyrna by Nissan, in Spring Hill by General Motors. and, over the next three years, in Stanton just outside Memphis by Ford Motor Co. Collectively, automakers and affiliated battery factories are investing more than $10 billion in the voluntary state to replace cars and gasoline trucks by electric vehicles.

Lyash said the shift to electric vehicles, combined with increased electrification of home heating and industrial machinery to limit the burning of carbon-producing fossil fuels, is expected to nearly double electricity demand by 2050 in the service region. to seven VAT States.

Such growth would reverse the stagnation in electricity demand that TVA has experienced over the past decade following years of growth in electricity demand for most of TVA’s 89-year history of 7% per year. or more. Lyash said that just as utility officials overestimated electricity growth a generation ago once energy efficiency measures reduced demand, he said it was important that officials utilities today are not unaware of the prospect of renewed demand for electricity due to the abandonment of other forms of energy.

“If we electrify the economy in transportation and other areas to decarbonize energy, we will likely double the amount of electricity we need in this region for the economy by 2050,” Lyash said. to Chattanooga Rotarians. “If we succeed in this conversion, it will represent a tremendous opportunity for economic development for this region of the country.”

Lyash said TVA helped attract $8.8 billion in investment and nearly 81,000 jobs in fiscal 2021 and the utility could surpass that total this year. Lyash said VAT residential electricity rates are lower than 80% of other US utilities and VAT industrial rates are lower than 95% of the rest of the country. More importantly, Lyash said TVA’s power delivery has maintained 99.999% reliability for each of the past 20 years – one of the highest reliability rates of any utility in the country with the third-lowest carbon emissions of any US utility.

Staff Photo by Dave Flessner / TVA President Jeff Lyash speaks at the Rotary Club of Chattanooga Thursday, April 28, 2022 as TVA President Bill Kilbride of Chattanooga, left, listens.

TVA has reduced its carbon emissions by more than 57% since 2005 and is on track to reduce its carbon emissions by 80% below 2005 levels by 2035 when TVA plans to close the last of 59 coal-fired power plants which she used to operate.

Environmental groups are urging TVA to do more to limit its carbon emissions to meet President Joe Biden’s goal of having a carbon-free electric grid by 2035. Lyash said that probably wouldn’t be possible without a new nuclear power generation or widespread distributed power generation conservation due to the shift towards electric power in transportation and industry. Maintaining reliable electric service when the sun isn’t shining or the wind isn’t blowing to power solar and wind generation will likely also require some natural gas production, Lyash said.

Lyash said growth in TVA’s electricity sales could be stunted if Memphis Light, Gas and Water, the largest of 153 local power companies that distribute TVA’s electricity, replaces TVA as the wholesale supplier. . Memphis Light, Gas and Water has solicited proposals from power producers after earlier studies indicated that Memphis could buy cheaper electricity from other producers rather than TVA and save between 120 and 450 million dollars per year.

Lyash said that if Memphis Light, Gas and Water considers all the benefits of TVA service, including power reliability, recreation and economic development assistance, “I think we remain the best choice for Memphis.” .

But the chairman of TVA said local power companies are free to choose whether or not to stay with TVA, provided they give the required contract notice. Under its current contract with TVA, Memphis Light, Gas and Water would have to give TVA five years’ notice of its intention to leave TVA’s fold.

Contact Dave Flessner at [email protected] or 423-757-6340. Follow him on Twitter @dflessner1.

U.S. oil companies eye higher prices amid tight services and equipment market

0

April 28 (Reuters) – U.S. oil service companies said on Thursday they were poised for some of the highest prices in years as a push to boost activity came up against the constraints of the supply chain and the focus within the industry on maintaining capital discipline.

U.S. oil futures hit multi-year highs and were trading near $105 a barrel on Thursday. The surge in prices supported an increase in demand for oilfield services and equipment, with the number of U.S. rigs climbing to 695 in the week to April 22 from 438 a year ago, according to Baker Hughes.

Oil company Patterson-UTI Energy (PTEN.O) said it was seeing significant price increases for drilling and fracking.

Join now for FREE unlimited access to Reuters.com

Register

“I can’t remember another time when peak daily rates for rigs have risen so rapidly,” chief executive Andy Hendricks told investors on an earnings call, noting that the prices are expected to reach their highest level in a decade.

Hendricks warned that if oil producers don’t already have deals in place for high-quality rigs or hydraulic fracturing fleets, they might not be able to get one easily at the moment. ‘coming.

Rival contract driller Helmerich & Payne said it subcontracts rigs around $30,000 a day.

“The economics of our spot contracts are improving at a rapid pace, and we expect similar improvements for our futures contracts as they are rolled over or enter the spot market in the coming quarters” , Helmerich & Payne CEO John Lindsay said on a conference call.

Helmerich & Payne ended the last quarter with 171 platforms, an increase of 10%. Patterson-UTI increased its average rig count from nine in the first quarter to 115 rigs, and expects an average of 122 rigs in the current quarter.

Hendricks said Patterson-UTI was unwilling to build new rigs to address equipment shortages, echoing sentiments from service sector rivals who fear oversupplying the market and driving down prices. price.

Supply chain issues are also hampering the ability to accelerate. For some products such as drill pipe, lead times are around a year, Hendricks said.

“We have no chance of oversupplying the market on the fracking side due to supply chain issues,” Robert Drummond, CEO of pressure pumping firm NexTier Oilfield Solutions (NEX) told investors. .NOT).

NexTier said this week that the hydraulic fracturing market is nearing full utilization. It expects sequential revenue growth of more than 20% and “a significant increase in adjusted EBITDA margin,” the company said in a statement.

Join now for FREE unlimited access to Reuters.com

Register

Reporting by Liz Hampton in Denver Editing by Chris Reese and Paul Simao

Our standards: The Thomson Reuters Trust Principles.

ATN International (NASDAQ:ATNI) Stock Ranking Updated by Zacks Investment Research

0

Zacks Investment Research enhanced actions of ATN International (NASDAQ: ATNIGet a rating) from a sell rating to a hold rating in a report released Wednesday, Zacks.com reports.

According to Zacks, “ATN International, Inc. invests in, owns and operates communications companies and renewable energy assets. The Company, through its operating subsidiaries, provides wireless and wireline connectivity to residential and business customers, including mobile wireless solutions, local services and broadband Internet services; distributed solar electric power to business, utility, and municipal customers and owned and operated fiber optic land and submarine transportation systems primarily in the United States and the Caribbean. ATN International Inc., formerly known as Atlantic Tele-Network, Inc., is based in Beverly, USA. “

Several other stock analysts also commented on the stock. BWS Financial lowered its price target on ATN International shares from $85.00 to $52.00 in a Friday, February 25 research note. StockNews.com upgraded ATN International from a sell rating to a hold rating in a Thursday, April 21 report.

Shares of ATNI Stock opened at $40.55 on Wednesday. ATN International has a 12-month low of $32.07 and a 12-month high of $49.88. The company has a market capitalization of $636.19 million, a PE ratio of -27.97 and a beta of 0.28. The company’s 50-day moving average is $38.01 and its two-hundred-day moving average is $39.90. The company has a debt ratio of 0.47, a current ratio of 1.05 and a quick ratio of 1.01.

ATN International (NASDAQ: ATNIGet a rating) last released its quarterly results on Wednesday, April 27. The technology company reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.05). ATN International recorded a positive return on equity of 0.55% and a negative net margin of 3.67%. During the same period of the previous year, the company achieved EPS of $0.17. Sell-side analysts expect ATN International to post an EPS of -0.28 for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 15. Shareholders of record on Friday, April 8 received a dividend of $0.17. This represents a dividend of $0.68 on an annualized basis and a dividend yield of 1.68%. The ex-dividend date was Thursday, April 7. ATN International’s dividend payout rate is currently -46.90%.

Several hedge funds have recently increased or reduced their stake in ATNI. California State Teachers Retirement System increased its holdings in ATN International by 2.1% in the fourth quarter. California State Teachers Retirement System now owns 15,448 shares of the technology company worth $617,000 after acquiring 322 additional shares during the period. The Public Employees Retirement System of Ohio increased its position in ATN International shares by 39.5% during the fourth quarter. The Ohio Public Employees Retirement System now owns 5,378 shares of the tech company valued at $215,000 after acquiring 1,524 additional shares in the last quarter. Credit Suisse AG increased its position in ATN International shares by 18.8% in the fourth quarter. Credit Suisse AG now owns 8,963 shares of the technology company worth $358,000 after buying 1,417 additional shares in the last quarter. Geode Capital Management LLC increased its holdings of ATN International shares by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 179,013 shares of the technology company valued at $7,151,000 after buying 1,771 additional shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in ATN International by 12.0% in the third quarter. Bank of New York Mellon Corp now owns 217,943 shares of the technology company worth $10,211,000 after buying 23,324 additional shares during the period. Institutional investors and hedge funds hold 63.90% of the company’s shares.

ATN International Company Profile (Get a rating)

ATN International, Inc, through its subsidiaries, provides telecommunications services. It operates in three segments: International Telecom, US Telecom and Renewable Energy. The International Telecom segment provides fixed data and voice; fixed, carrier, managed and mobility services to customers in Bermuda, the Cayman Islands, Guyana and the US Virgin Islands, and video services in Bermuda, the Cayman Islands and the US Virgin Islands.

Recommended Stories

Get a Free Copy of Zacks Research Report on ATN International (ATNI)

For more information on Zacks Investment Research’s research offerings, visit Zacks.com



Get news and reviews for ATN International Daily – Enter your email address below to receive a concise daily summary of breaking news and analyst ratings for ATN International and related companies with MarketBeat.com’s free daily email newsletter.

Bioethanol Market Size, Scope and Outlook

0

New Jersey, United States – The study is a professional and comprehensive assessment of the Bioethanol market with an emphasis on in-depth analysis of market data. The aim of the study is to provide a quick understanding of the business along with a comprehensive categorization of the Bioethanol market by type, activity, end-use, and region. The study provides specific market statistics for major manufacturers and distributors, as well as an analysis of the outlook for the industry in general. The study examines the global bioethanol market considering supply and demand and identifies the variables that will influence the bioethanol market in each region during the projection period. On the consumer side, market trends, limitations and opportunities as well as an assessment of consumer development are examined.

The study discusses the elements driving the global bioethanol market. Traders and investors can use this data to strategize to increase their market share, and newcomers can use it to locate opportunities and grow in the business. There are also some restrictions on expanding this market. The Bioethanol market study also provides company biographies, SWOT analysis and business strategies for key players in the industry. Additionally, the research focuses on major industry players, providing details such as company descriptions, skills, current finances, and company advancements.

Get Sample Full PDF Copy of Report: (Including Full Table of Contents, List of Tables and Figures, Chart) @ https://www.verifiedmarketresearch.com/download-sample/?rid=33537

Key Players Mentioned in the Bioethanol Market Research Report:

Valero Energy Corporation, Abengoa Bioenergy SA, Petrobras, Green Plains, Archer Daniels Midland Company, Flint Hills Resources

Market factors could use prospect information to attract informed prospects in underdeveloped countries. The analysis covers the sales, revenue, annual growth and market share of bioethanol in the global market for the past and future years. Figures for the past year and subsequent years show the sales, revenue, growth rate and customer base of each industry. Bioethanol Market Research has published a report that examines key physical and chemical growth methodologies employed by companies in the Bioethanol market. Product launches, product endorsements, and intellectual property strategies were among the most common tactics for sustained growth. Partnerships, collaborations and alliances were among the most important tactics for business expansion. The participants in the bioethanol market were able to increase their activities thanks to these actions.

Bioethanol market segmentation:

Bioethanol market, by raw material

• Cellulose-based bioethanol
• Starch-based
• Sugar based
• Others

Bioethanol Market, By End Use

• Transportation
• Pharmaceutical products
• Cosmetics
• Others

Get a discount on the purchase of this report @ https://www.verifiedmarketresearch.com/ask-for-discount/?rid=33537

Scope of the Bioethanol Market Report

ATTRIBUTES DETAILS
ESTIMATED YEAR 2022
YEAR OF REFERENCE 2021
FORECAST YEAR 2029
HISTORICAL YEAR 2020
UNITY Value (million USD/billion)
SECTORS COVERED Types, applications, end users, and more.
REPORT COVER Revenue Forecast, Business Ranking, Competitive Landscape, Growth Factors and Trends
BY REGION North America, Europe, Asia-Pacific, Latin America, Middle East and Africa
CUSTOMIZATION SCOPE Free report customization (equivalent to up to 4 analyst business days) with purchase. Added or changed country, region and segment scope.

Determining the pulse of the market becomes easy with this detailed analysis of the Bioethanol Market. Key players can find all competitive data and market size of major regions like North America, Europe, Latin America, Asia-Pacific and Middle East. As part of the competitive analysis, certain strategies are profiled which are pursued by key players such as mergers, collaborations, acquisitions and new product launches. These strategies will greatly help industry players to strengthen their position in the market and grow their business.

Answers to key questions in the report:

1. Who are the top five players in the Bioethanol Market?

2. How will the bioethanol market evolve in the next five years?

3. Which product and which application will take the lion’s share of the bioethanol market?

4. What are the Bioethanol Market drivers and restraints?

5. Which regional market will show the strongest growth?

6. What will be the CAGR and size of the bioethanol market throughout the forecast period?

For more information or query or customization before buying, visit @ https://www.verifiedmarketresearch.com/product/bioethanol-market/

Visualize the Bioethanol Market Using Verified Market Intelligence:-

Verified Market Intelligence is our BI platform for market narrative storytelling. VMI offers in-depth forecast trends and accurate insights on over 20,000 emerging and niche markets, helping you make critical revenue-impacting decisions for a bright future.

VMI provides a global overview and competitive landscape with respect to region, country and segment, as well as key players in your market. Present your market report and results with an integrated presentation function that saves you more than 70% of your time and resources for presentations to investors, sales and marketing, R&D and product development. products. VMI enables data delivery in Excel and interactive PDF formats with over 15+ key market indicators for your market.

Visualize the bioethanol market using [email protected] https://www.verifiedmarketresearch.com/vmintelligence/

About Us: Verified Market Research®

Verified Market Research® is a leading global research and advisory firm that for over 10 years has provided advanced analytical research solutions, personalized advice and in-depth data analysis to individuals and businesses seeking accurate research, reliable and up to date. data and technical advice. We provide insight into strategic and growth analytics, the data needed to achieve business goals, and help make critical revenue decisions.

Our research studies help our clients make superior data-driven decisions, understand market forecasts, capitalize on future opportunities, and maximize efficiency by working as a partner to deliver accurate and valuable insights. The industries we cover span a wide spectrum, including technology, chemicals, manufacturing, energy, food and beverage, automotive, robotics, packaging, construction, mining and the gas. Etc.

At Verified Market Research, we help in understanding holistic market indicator factors and most current and future market trends. Our analysts, with their deep expertise in data collection and governance, use industry techniques to gather and review data at all stages. They are trained to combine modern data collection techniques, superior research methodology, subject matter expertise and years of collective experience to produce informative and accurate research.

Having served over 5000 clients, we have provided reliable market research services to over 100 Global Fortune 500 companies such as Amazon, Dell, IBM, Shell, Exxon Mobil, General Electric, Siemens, Microsoft, Sony and Hitachi. We have co-consulted with some of the world’s leading consulting firms such as McKinsey & Company, Boston Consulting Group, Bain and Company for custom research and consulting projects for companies around the world.

Contact us:

Mr. Edwyne Fernandes

Verified Market Research®

USA: +1 (650)-781-4080
UK: +44 (753)-715-0008
APAC: +61 (488)-85-9400
US toll free: +1 (800)-782-1768

E-mail: [email protected]

Website:- https://www.verifiedmarketresearch.com/

News & Info | City of Clearwater, Florida

0

CLEARWATER, Fla. – On April 6, 2022, the Tampa Bay Regional Planning Council honored Clearwater Gas System with the Economic and Energy Partner Award at the 28and the region’s annual future awards ceremony.

Clearwater Gas System received this award because of the city’s ongoing energy partnership with Habitat for Humanity of Pinellas and West Pasco Counties. Since 2015, Clearwater Gas System has installed energy-efficient gas appliances, such as ranges, water heaters and clothes dryers, in new Habitat homes. The utility is also providing affordable natural gas power to more than 145 new homes under the program.

The Tampa Bay Regional Planning Council shares a long history of community work on issues of regional importance, such as resilience, disaster preparedness, affordable housing, economic analysis, and economic and community development.

The Economy and Energy Partner award category/classification included the following criteria:

  • Diversify the regional economy and attract quality businesses
  • Support small and medium-sized businesses and local entrepreneurs; particularly as a source of innovation, job creation and economic growth
  • Support collaborative projects between business or philanthropic leaders and government entities, to foster economic vitality and workforce development
  • Promote/invest in energy conservation technologies or alternative energy sources

“Our goal is to enable nonprofits and other organizations to realize the economic and environmental benefits of natural gas,” said Chuck Warrington, executive director of Clearwater Gas System.

For the past 28 years, the Future of the Region Awards program has honored and recognized outstanding public and private sector achievements in resource planning and management in the Tampa Bay area.

About the Clearwater Gas System

Clearwater Gas System is the fourth largest municipal gas system in Florida and ranks 29and on nearly 1,000 public gas systems in the United States. Clearwater Gas System provides natural gas and propane service to more than 30,000 residential and commercial customers in a 330 square mile service territory, which includes 20 municipalities as well as unincorporated areas of Pinellas, Pasco and Hillsborough counties . For more information on natural gas or propane, visit clearwatergas.com.

# # #

Poughkeepsie Family Partnership Center considering upgrades

0

People often visit the Family Partnership Center when they need help.

Among other community resources, the Town of Poughkeepsie facility is home to organizations that can help those in need of emergency food, clothing, behavioral health assistance, counseling or crisis intervention. domestic violence.

That’s why it’s important, said Brian Doyle, that the Hamilton Street building “provide a people-friendly environment.

“If the stairs are collapsing, as they are now,” the CEO of Family Services said, “that sends a strong message to individuals.”

Family Services, which operates the center, is about two-thirds away from its goal of raising $9.1 million to renovate the community center. It is a project that will see the facade of the building modernized, in addition to a host of improvements for safety, accessibility and functionality.

Already, the roof of the more than 100-year-old building has been replaced.

Lodging: How These Poughkeepsie Buildings Were Renovated While Staying Affordable, Tenants

A broken ladder: Why Fixing Housing Affordability In Dutchess Is More Than A Town Problem

Services: How the Poughkeepsie Performing Arts Academy is helping the city’s youth overcome trauma and grow

“We’re very committed to making sure we provide a trauma-informed environment,” Doyle said, noting that many who visit face challenges. “For us, it is extremely important to provide a dignified, safe and welcoming environment.”

Although Family Services has an office in the building, it is only one of more than 20 organizations that can be found by the 45,000 to 70,000 the organization estimates visit each year.

Services available range from educational resources, such as a branch of Dutchess Community College and a recently opened branch of the Poughkeepsie Public Library District; health resources like Dutchess County Healthy Families and Planned Parenthood; relief organizations like Dutchess Outreach; and youth services, such as the Poughkeepsie Performing Arts Academy and the REAL Skills Network.

These latter groups are among those who will benefit from improvements to the building’s auditorium, which offers theatrical and vocal performances, community forums and naturalization ceremonies, among other uses.

Doyle said the “old” lighting system will be replaced. Other improvements include bathroom upgrades, window and door replacements, asbestos removal, and parking and sidewalk improvements.

From left, CEO of Family Services Bryan Doyle and Congressman Sean Patrick Maloney talk about needed renovations inside the City of Poughkeepsie Family Partnership Center on April 25, 2022.

“In this building, there are so many resources and good activities going on,” Doyle said. “all these activities need a solid and stable building in which they can take place.”

In addition to the roof, all lighting in the building has already been replaced with LED bulbs, which will help with energy conservation. Among the next steps is replacing the auditorium windows “which are in very poor condition,” Doyle said.

Renee Fillette, executive director of Dutchess Outreach, noted that the needs in the community have increased. Speaking at a press conference on Monday, she said traffic to her pantry has roughly quadrupled since the organization opened at the Family Partnership Center in 1998 as one of its first organizations.

“Last month, 908 households passed, and the numbers continue to rise every month,” she said.

She said the high number of residents impacted by trauma means the Family Partnership Center needs to be a welcoming site so they can explore the various resources available.

Construction underway at the Family Partnership Center in the Town of Poughkeepsie on April 25, 2022.

“What trauma does is it steals their hope, it steals their resistance,” she said. “What we’re not renting out here is just space. We rent an experience and we rent an opportunity to feel and to hope.

Fundraising gets federal boost

The fundraising campaign, in which Family Services exclusively raises funds for the Family Partnership Center, recently received a boost this week in the form of federal community funding approved as part of the national budget.

Representative Sean Patrick Maloney, D-Cold Spring, toured the facility on Monday and presented an oversized check for $1.2 million.

“You can’t come here without seeing the best in our community,” Maloney said. “You see people who care about helping their neighbors, you see people doing it in real time.

“We want to make sure the roof doesn’t leak and the stairs are accessible and the heat doesn’t cost an arm and a leg,” he said, “and all the things that actually create the type of environment in which the love and service that takes place here can continue to thrive.

Sean Patrick Maloney speaks during a visit to the Town of Poughkeepsie Family Partnership Center on April 25, 2022.

Officially, Family Services raised $6.2 million, though that includes the full $1.2 million in federal dollars.

When the organization originally filed a proposal for the money, it listed both the front entry project and the roof replacement as where the money would be spent. However, Doyle said, “we couldn’t wait” on the roof…we just had to.”

Therefore, “We are in discussions with the appropriate agency in (Washington DC) on how we can reallocate the dollars that have been allocated to another critical project under the capital improvement plan,” said Doyle, noting “a good portion will be taken through the main entrance. These expenses have increased.

Regardless, Doyle expressed his gratitude to Maloney and noted that a number of private donors and government entities have already helped bring the fundraising project this far.

“We have had support from the City of Poughkeepsie, Dutchess County, New York State and now the Federal Government. All levels of government, and for that we are very grateful to them,” Doyle said at the event on Monday, joking: “I am still waiting for the United Nations, but I will wait a bit, I think, for that.

Natural Radioactive Material Disposal Waste Management Market Size, Outlook and Forecast

0

New Jersey, United States – the NORM Natural Radioactive Material Disposal Waste Management Market The research report offers comprehensive coverage of the NORM Natural Radioactive Material Disposal Waste Management market over the forecast period 2022-2029. It provides historical, current and future market trends to help develop a robust market strategy. Additionally, it provides value chain analysis, key drivers and challenges, and includes upcoming opportunities in the NORM Natural Radioactive Material Disposal Waste Management market that will enable the business success .

The NORM Natural Radioactive Material Disposal Waste Management Market report provides an in-depth analysis of global market size, regional and country level market size, segmentation market growth, Market Share, Competitive Landscape, Sales Analysis, Impact of Domestic and Global Market Players, Value Chain Optimization, Trade Regulations, Recent Developments, Opportunity Analysis, Strategic Market Growth Analysis market, product launches, regional market expansion and technological innovations.

Get Sample Full PDF Copy of Report: (Including Full TOC, List of Tables & Figures, Chart) @ https://www.verifiedmarketreports.com/download-sample/?rid=105438

Key Players Mentioned in the NORM Natural Radioactive Material Disposal Waste Management Market Research Report:

Waste Management, Clean Harbors, Veolia Group, Tervita Corporation, Stork, Secure Energy Services, Studsvik AB, Buckhorn Waste Services, Clym Environmental Services?LLC

This comprehensive report on the NORM Natural Radioactive Material Disposal Waste Management Market helps to determine the gaps and issues faced by the dominating or new companies. It also provides information about the potential impact of the existing COVID-19 on the market scenario. NORM Natural Radioactive Material Disposal Waste Management market is split by Type and by Application. For the period 2018-2027, the growth between segments provides accurate calculations and forecasts of sales by type and application in terms of volume and value. This analysis can help you grow your business by targeting qualified niche markets.

NORM Natural Radioactive Material Disposal Waste Management Market Segmentation:

By Product Type, the market is primarily split into:

• Disposal of solid NORMs and waste management
• Disposal of liquid NORMs and waste management

By application, this report covers the following segments:

• Mining
• Petrochemicals and refining
• Water treatment
• Other

Get a discount on the purchase of this report @ https://www.verifiedmarketreports.com/ask-for-discount/?rid=105438

Scope of Natural Radioactive Material Disposal Waste Management Market Report

ATTRIBUTES DETAILS
ESTIMATED YEAR 2022
YEAR OF REFERENCE 2021
FORECAST YEAR 2029
HISTORICAL YEAR 2020
UNITY Value (million USD/billion)
SECTORS COVERED Types, applications, end users, and more.
REPORT COVER Revenue Forecast, Business Ranking, Competitive Landscape, Growth Factors and Trends
BY REGION North America, Europe, Asia-Pacific, Latin America, Middle East and Africa
CUSTOMIZATION SCOPE Free report customization (equivalent to up to 4 analyst business days) with purchase. Added or changed country, region and segment scope.

Geographic segment covered in the report:

The NORM Natural Radioactive Material Disposal Waste Management report provides market information, which is sub-categorized into sub-regions and countries/regions. In addition to the market share in each country and sub-region, this chapter of this report also contains information on profit opportunities. This chapter of the report mentions the market share and growth rate of each region, country and sub-region over the estimated period.

• North America (USA and Canada)
• Europe (UK, Germany, France and rest of Europe)
• Asia-Pacific (China, Japan, India and the rest of the Asia-Pacific region)
• Latin America (Brazil, Mexico and rest of Latin America)
• Middle East and Africa (GCC and Rest of Middle East and Africa)

Key Questions Answered in this NORM Natural Radioactive Material Disposal Waste Management Market Report

  1. How much revenue will the NORM Natural Radioactive Material Disposal Waste Management Market generate by the end of forecast period?
  2. Which market segment is expected to have the maximum market share?
  3. What are the influencing factors and their impact on the NORM Natural Radioactive Material Disposal Waste Management market?
  4. Which regions are currently contributing the maximum share of the global NORM Natural Radioactive Material Disposal Waste Management market?
  5. Which indicators are likely to drive the NORM Natural Radioactive Material Disposal Waste Management market?
  6. What are the key strategies of the major NORM Natural Radioactive Material Disposal Waste Management market players to expand their geographical presence?
  7. What are the key advancements in the NORM Natural Radioactive Material Disposal Waste Management market?
  8. How do regulatory standards affect the NORM Natural Radioactive Material Disposal Waste Management Market?

For more information or query or customization before buying, visit @ https://www.verifiedmarketreports.com/product/global-naturally-occurring-radioactive-material-norm-disposal-waste-management-market-growth-status-and-outlook-2019-2024/

Visualize NORM Natural Radioactive Material Disposal Waste Management Market Using Verified Market Intelligence:-

Verified Market Intelligence is our BI platform for market narrative storytelling. VMI offers in-depth forecast trends and accurate insights on over 20,000 emerging and niche markets, helping you make critical revenue-impacting decisions for a bright future.

VMI provides a comprehensive overview and global competitive landscape with respect to region, country, and segment, as well as key players in your market. Present your market report and results with built-in presentation functionality that saves you over 70% of your time and resources for presentations to investors, sales and marketing, R&D, and product development. VMI enables data delivery in Excel and interactive PDF formats with over 15+ key market indicators for your market.

Visualize the NORM Natural Radioactive Material Disposal Waste Management Market using [email protected] https://www.verifiedmarketresearch.com/vmintelligence/

Most Popular Reports

Global Mercury Waste Collection, Recycling and Disposal Services Market Size and Forecast

Global Mercury Recycling, Recovery and Conversion Technologies Market Size and Forecast

Global Naturally Occurring Natural Radioactive Material Disposal Waste Management Market Size and Forecast

Global Organic Peroxides Market Size and Forecast

Global Internal Mold Release Agents (IMR) Market Size and Forecast

Global External Mold Release Market Size and Forecast

Global Light Stabilizer Market Size and Forecast 123

Global Distilled and Hydrogenated Dimer Acids Market Size and Forecast

Global GaAs Market Size and Forecast

Global Radio Cable Market Size and Forecast

About Us: Verified Market Reports

Verified Market Reports is a leading global research and advisory company serving over 5000 global clients. We provide advanced analytical research solutions while delivering information-enriched research studies.

We also provide insight into the strategic and growth analytics and data needed to achieve business goals and critical revenue decisions.

Our 250 analysts and SMEs offer a high level of expertise in data collection and governance using industry techniques to collect and analyze data on over 25,000 high impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise and years of collective experience to produce informative and accurate research.

Our research spans a multitude of industries, including energy, technology, manufacturing and construction, chemicals and materials, food and beverage, and more. Having served many Fortune 2000 organizations, we bring a wealth of reliable experience that covers all kinds of research needs.

Contact us:

Mr. Edwyne Fernandes

USA: +1 (650)-781-4080
UK: +44 (753)-715-0008
APAC: +61 (488)-85-9400
US Toll Free: +1 (800)-782-1768

E-mail: [email protected]

Website: – https://www.verifiedmarketreports.com/

United to develop ‘attractive’ North Sea assets after failed sale

0

United Oil and Gas (UOG) says it is “eager to advance” a host of central North Sea assets after a deal to sell them failed.

A binding sale and purchase agreement (SPA) was reached with Quattro Energy Limited in September to sell its licenses PP2480 and P2519 – the latter including the Maria discovery.

Completion of the deal was dependent on industry regulator approval and Quattro completing a fundraising process.

But after the North Sea newcomer failed to raise the necessary cash, despite the postponement of deadlines, UOG (LON: UOG) chose to end the sale in March.

In its annual results for 2021, the company now says it plans to seek “commercialization opportunities and potential partnerships” for the assets.

Rising commodity prices and the proximity of licenses to existing infrastructure make them “attractive investment” openings.

Oil and gas are back in favor for now as governments try to bolster domestic supply in light of Russia’s invasion of Ukraine.

Soaring energy bills and inflationary fears also mean talk of increasing production in the North Sea is back on the agenda.

UOG said: “During the first half of 2021, progress was made on the work programs associated with the licenses: new 3D seismic data was purchased and interpreted, with initial mapping providing positive indications of existing discoveries. of Maria, Brochel and Maol, and on identified prospectivity, including Zeta, Dunvegan and deeper Jurassic targets.

“In September 2021, the company announced that it had entered into a binding sale and purchase agreement (SPA) with Quattro Energy Limited (Quattro) to sell its UK licenses in the Central North Sea. Completion of the sale was conditional on receipt of approval from the Oil and Gas Authority (OGA) and completion of a fundraising process by Quattro. OGA approval has been received, however, Quattro has not completed the fundraising process at the long shutdown date (February 28, 2022). In March 2022, United ended the SPA with Quattro and retained the licenses as part of the company’s portfolio.

“Both licenses are located in a very promising area of ​​the CNS, where important development activities are taking place. They are located close to existing infrastructure as well as the Marigold and Yeoman discoveries and the major Piper, MacCulloch and Claymore oil fields.

“There are low-cost commitments on both licenses, and with rising commodity prices and renewed activity in the neighboring region, United believe they each contain attractive investment opportunities. United are looking forward to advance commercialization opportunities and potential partnerships that the assets offer.

Quattro was formed in April 2021 by North Sea stalwart Neill Carson, founder of Ithaca Energy and i3 Energy.

Speaking to Energy Voice after the UOG deal fell through, Mr Carson said the outcome was “unfortunate”.

UOG obtained license P2480 during the 31st licensing round in August 2019 and license P2519 during the 32nd licensing round in December 2020.

It holds a 100% interest in each of them.

The P2519 license includes the existing Maria discovery, drilled by Shell in 1976, which the UOG estimates to contain approximately 6 million barrels of oil equivalent (boe) in mid-term recoverable resources.

It also contains two Jurassic finds, Brochel and Maol. Maol was drilled by Shell in 1987 and in tests sank over 2000 boepd.

The P2480 license includes the Zeta prospect, which is estimated to contain an average safe in-place volume of 90 million barrels.

UOG, established in 2015, is an oil and gas exploration, development and production company with assets in Egypt, the UK, Italy and Jamaica.

recommended for you

Multi-million dollar deal reached to settle North Sea discovery dispute

Shell nears $1.8 billion deal to buy Indian renewable energy company

0
© Provided by Bloomberg
Shell is set to acquire a renewable energy company in India

Sprng Energy Pvt is set to strike a deal with Shell to acquire the Indian renewable energy producer for about $1.8 billion including debt, people familiar with the matter said.

A deal between Sprng’s private equity owner Actis and the energy giant could be signed in two to three weeks after Shell beat rival bidders, the sources said, asking not to be identified because information is private.

No final decision has been made and the talks could still break down, the people said. A Shell representative declined to comment while Actis representatives did not immediately respond to requests for comment.

Shell was among the bidders for Sprng, alongside Adani Group and renewable energy company Greenko, Bloomberg News reported in March.

Sprng Energy is a renewable energy platform set up by Actis with a $450 million commitment from one of the company’s funds, according to its website. It has about 2,503 peak megawatts of solar projects and about 498 MW of wind projects in operation or under development, the website says.

Turning to renewables after more than a century of pumping oil, Shell is aiming to achieve net zero emissions by 2050. That’s not progressing fast enough for some campaigners, and the company plans to put its report on step on transmitting energy to a non-binding vote at its annual meeting of shareholders scheduled for May 24.

Shares of Shell in Amsterdam fell 5.6% on Monday, their biggest drop since November, giving the company a market value of nearly $200 billion.

recommended for you

Wind turbines generating electric power with renewable energy against golden sunset at the seaside of Mandvi, Kutch, Gujarat, India.

BlackRock and Mubadala buy stake in Tata Power Renewables in India for $525 million

Enlit Africa responds to the concerns of the African electricity sector regarding the energy transition

0

COP26 was a “mixed bag” for developing countries, unlocking some much-needed financing mechanisms, even if it fell short in other areas. The issue of financing has been high on the international agenda for many years, as has the gap between promises of aid for climate change adaptation and mitigation and what has actually been delivered.

Coming out of COP26, the evolution of the financing discussion was highlighted by an agreement between the United States, France, Germany, the United Kingdom, the European Union (EU) and the Africa to decarbonize the South African energy sector and fund mitigation measures to protect against job losses in the sector.

A just energy transition

As Africa’s largest carbon emitter, South Africa’s Just Energy Transition Partnership (JETP) agreement will demonstrate that transitioning from a heavily coal-dependent country to a carbon-free country is not only possible , but that it can be done without sacrificing economic growth. .

Enlit Africa keynote sessions [formerly African Utility Week and POWERGEN Africa] [7-9 June 2022], will focus on understanding JETP funding options, priorities and roadmap. But more importantly, the discussions broaden the conversation across the continent, asking how funding of this magnitude can be mobilized to support Africa’s energy transition.

It’s all about collaboration

The theme of this year’s event – Collaboration to Accelerate Africa’s Energy Transition – recognizes that collaborative efforts will drive the energy transition. Collaboration between the public sector and the private sector; between utilities, regulators and government; from generation to distribution, from manufacturer to financier to end user – all have a role to play in ensuring that the energy system of tomorrow is sustainable, affordable and achievable.

More broadly, the realities of Africa in transition must be taken into account and carefully planned to avoid a multitude of challenges. These include not increasing the debt burden of African countries in order to meet climate ambitions; and recognition that as the continent that contributes the least to global emissions, Africa is in a unique position to seek significant financial and technical contributions from the international community.

Enlit Africa attendees and exhibitors represent leading energy suppliers, experts and professionals from Africa and around the world, providing an opportunity to network and engage with utilities, municipalities, equipment manufacturers, government, regulators, EPC, developers, financiers and the entire energy ecosystem.

A deep dive into matters of importance

Conference sessions focusing on alternative financing mechanisms and public-private partnerships will address some of the financing issues, while panel discussions will give participants the opportunity to delve deeper into the plethora of climate funds and opportunities for impact investing and to discuss the ever important issue of risk allocation and mitigation.

Generation from traditional and renewable energy will include discussions on efforts to convert existing power generation plants, electrification projects and alternative generation options such as offshore wind and hybrid systems. Participants will also discuss how disruptive renewable energy systems provide an element of security for industrial and commercial businesses across the continent as a way to deal with power outages and unreliable supply.

Trade and industry delegates will have the opportunity to explore the role of energy storage, municipal rollover rates and self-generation. All of these discussions will provide concrete and achievable steps for entities interested in generating their own electricity and explain how energy storage will support the shift to greater renewable energy integration for municipalities, utilities and private generators.

Information on the programme, list of speakers, networking, panel discussions and site visit opportunities can be found by visiting https://www.enlit-africa.com/the-event/Learn/programme

Disruptive Technologies

An entire section of the program will be devoted to the role of storage in the electricity sector, including how to integrate battery energy storage systems [BESS] at the municipal level, storage, renewable energies and society; and the role that new generation and storage play in the African mining sector.

Appreciation of technical, financial and logistical opportunities and areas of caution will provide utilities, governments and all players in the electricity sector with the ability to plan an energy transition that meets the objectives of SDG7 and responds nationally determined contributions announced at COP26. Furthermore, it will also pave the way for new business models. Specifically, the conference will focus on developing the hydrogen economy, understanding the development of national hydrogen strategies and the economic structures and pricing that will support it.

Back to the CTICC
Enlit Africa will return to the CTICC in Cape Town with a world-class exhibition, showcasing the latest technologies and services offered in the sector. Known for their engaging content and keynote speakers, the organizers won’t disappoint, with two keynote addresses and most of the content presented in speaking centers on the expo floor. Conference delegates will also enjoy the networking and site visits that the event has popularized for more than two decades. Strict COVID-19 health and safety protocols will be observed.

Industry Support
Eskom, the Department of Mineral Resources and Energy and the City of Cape Town have been official host partners of the event for many years and 2022 will be no exception.

ESI Africa, the continent’s leading electricity and energy information provider, is the official host publication.

Enlit Africa (formerly African Utility Week and POWERGEN Africa) is Africa’s leading exhibition and conference, bringing together the most influential energy and power industry professionals and decision-makers from across the continent for three days relevant and accredited technical and strategic conference seminars, valuable networking opportunities, and access to world-class products and solutions.

Enlit Africa is organized by The Vuka Group (formerly Clarion Events Africa), a leading organizer of digital exhibitions, conferences and events based in Cape Town and multiple award-winning across the continent in the areas of infrastructure, energy, mining, mobility, e-commerce and CX sectors. Other well-known Vuka Group events include DRC Mining Week, Africa Mining Forum, Nigeria Mining Week, Smarter Mobility Africa, ECOM and CEM Africa.

“You need friends when you’re having it the hardest” – How 2 US cities are helping Ukrainian sister cities

0

Whether you catch a few minutes of a local news segment, scan through the daily headlines of a major newspaper, or simply listen to a conversation while running errands, stories of devastation, hardship and turmoil emerge . But while it might seem like the bad times always take center stage, it’s in these moments that we often see the best in humanity.

Take, for example, the Russian-Ukrainian war. Since Russia first invaded the Eastern European country on February 24, massive destruction has followed. Buildings that once served essential purposes have been turned into rubble. Many structures still standing echo the vacancy. People had to take refuge in the subways or fled west to find safety in countries like Poland. And as of April 12, the United Nations High Commissioner for Human Rights has reported 1,932 civilian deaths, with that number likely to be even higher.

Horrible is the only way to describe what has happened and continues to happen in this country. Amid all that happened, however, glimmers of hope and good shone. Ukraine has shown what true bravery and courage entail. People around the world have offered their support (substantial and symbolic), and many American communities with sister cities across the country have stepped up to help their Ukrainian counterparts.

Founded by former President Dwight D. Eisenhower in the 1950s, Sister Cities International is a nonprofit organization that works to promote peace through mutual respect, understanding, and cooperation by fostering connections between people of different communities around the world.

When choosing a sister city, communities often look for similarities, whether in demographics, interests, or industries. And to formalize a relationship, the mayor (or highest elected or appointed official) of each city signs a memorandum of understanding.

We caught up with people from Rockford, Illinois and Cincinnati, both of which have sister cities in Ukraine, to learn more about the connections they’ve made with these communities and how they’re providing support. during this difficult time.

Rockford, Illinois and Brovary—bond over football

A visit by a Kyiv football team in 1994 sparked a relationship between Rockford and Brovary, a suburb of Kyiv in northern Ukraine, with the two officially becoming sister cities in 1995. Soon after, a group Rockford-based called Kids Around the World, which works with children in multiple countries to ensure their spiritual, physical and emotional well-being, traveled to Brovary to build a playground. Since then, the link between the cities has only grown. The then mayor of Bovary visited Rockford, his wife lived in the town for six months, and their son married in the area, among other things.

“I think it really cemented a lot of our relationship,” said Rockford Mayor Tom McNamara, who took office in 2017.

While McNamara says he generally keeps in touch with the mayor’s office, checking in occasionally and exchanging pleasantries over the holidays, he began reaching out regularly to see if they needed anything. when the threat of invasion began to escalate.

As soon as their sister city mentioned a need, which McNamara says arose immediately after the Russian invasion, Rockford sprang into action, providing money, medicine and food.

“I think that’s why you have sister cities, isn’t it?” I mean, you obviously have sister cities when things are going well, and you learn best practices — if it’s crime prevention, if it’s economic development — you have partnerships,” McNamara says. “But really, you need friends when you’re struggling the most, and when we saw Brovary struggling and going through this horrible time, we had to do something.”

A demining team in a minefield near Brovary, northeast of kyiv, Ukraine, on April 14.

AFP/Getty Images

Four organizations — the city of Rockford, the Rockford Area Convention and Visitors Bureau, Kids Around the World and the Community Foundation of Northern Illinois — came together to develop the Brovary Relief Fund in early March. Since then, Rockford has raised more than $160,000, bought more than $50,000 worth of medicine, and sent more than 270,000 meals.

Regarding the distribution of collected resources, McNamara says they have partnered with Chicago Rockford International Airport and other companies like Senator International, a global logistics company. Although it took a lot of coordination, they were able to deliver supplies to Brovary in about a week.

“They are overjoyed. They are humble, but I would also say they need so much,” McNamara says of those in Brovary. “I’m not minimizing what we’ve done, but what we’ve done is really a small, small gesture of what they really need.”

Rockford, Ill.

istock

Going forward, McNamara says Rockford will continue to work hard to meet Brovary’s needs.

“I think we’re just called to do whatever we can,” he said. “And I think we’re going to continue to fundraise, and as Brovary’s requests are detailed and we think we can meet or we can find partners to meet, we’re going to do everything we can to do that. do it for them.

Also see: Putin is desperate to claim victory by May 9. Here is a Ukrainian scenario that could cost stocks another 10%.

Cincinnati and Kharkiv—relationships and friendships

Cincinnati and Kharkiv, a city in northeastern Ukraine, saw many opportunities for collaboration and became sister cities in 1989, when Ukraine was still part of the Soviet Union.

After becoming independent in 1991, Bob Herring, president of the Cincinnati-Kharkiv Sister City Partnership, said things had changed significantly as Ukraine sought to establish a functioning democracy and free market.

Cincinnati was better able to help its counterpart in this way after the US Congress launched the Open World Leadership Center. It began in 1999 as a pilot program and was formalized in 2000. This international exchange agency introduces young leaders from emerging countries, including Ukraine, to American democratic systems of government and free market operations.

“So, for example, there was a group during my tenure as president that came from Kharkiv to look at energy efficiency – what are the best practices here,” Herring says. “So we would connect them with Duke Energy, with the University of Cincinnati, with solar energy companies…just to talk about best practices and energy conservation.”

Over the past 33 years, these cities have connected in many ways, resulting in many friendships. For example, the Cincinnati Jewish community helped restore the Kharkiv Synagogue, student exchanges took place regularly before the pandemic, and an international children’s art program was held each year, where the art of local and Ukrainian students was exhibited in Cincinnati, then transferred to Kharkiv for display in a museum, according to Herring.

Lily: Why is Europe having such a hard time giving up Russian energy

Everything – from the frequency of their communications, to the topics they discuss, to the plans they make and the general appearance of Kharkiv – has changed since Russia invaded Ukraine.

“We have a photo of a gallery in the museum where the windows are blown out and all sorts of things are strewn across the floor – this is Mariemont (primary school) children’s art, as well as children’s art of Kharkiv,” Herring said.

And while several text messages and emails were exchanged between the two cities when the war started, Herring says these decreased as many people left Kharkiv.

To help and support their sister city and country, citizens and organizations around Cincinnati immediately stepped up. City Council passed resolution supporting Ukraine and US sanctions on Russia, Cincinnati Police Department donated nearly 1,000 ballistic helmets, landmark buildings lit up blue and yellow to show solidarity and several nonprofits and charities in the greater Cincinnati area raised supplies and funds.

Residents of Kharkiv gather in the street after a Russian artillery strike hit a residential building on April 18.

Getty Images

One fundraising organization is the Cincinnati-Kharkiv Sister City Partnership, which to date has sent approximately $84,000 to the Kharkiv Red Cross. Herring says the organization will soon start sending money to mayors of towns surrounding Kharkiv as well. A city needs funds to buy a generator to keep their hospital running.

Lily: ‘Sometimes we’ll speak softly and carry a big javelin,’ Biden says as he unveils $800 million in Ukraine aid

As the money continues to be raised every day and new, as yet unannounced initiatives are in the works, Herring has other things in mind as well.

“The interesting question, which it is far too early to ask, but never too early to think about, is reconstruction. “How can Cincinnati help Kharkiv rebuild? “And that’s all, of course, based on the assumption that there remains a part of Ukraine, free and independent,” he says.

Read it original article on habitability.

  • These are the 100 best places to live in America in 2021

Coiled Tubing (CT) Market Size, Outlook and Forecast

0

New Jersey, United States – This Coiled Tubing (CT) Market The report has segmented the market based on application, product, geography, and other factors. This market report examines several key players and drivers impacting market opportunities, challenges, risks and developments. It also performs competitive analysis of the industry which brings major advantages to the major players in the market. Market growth is highly influenced by the essential factors described in this Coiled Tubing (CT) Market report. The global market in terms of revenue and size is going to be huge.

To better understand the market, it is very important to consider the opinions of market experts. This Coiled Tubing (CT) Market report contains expert opinions. It is also divided into sections by type and sections by application. All types depict the production for the forecast period 2022-2029. Understanding all the sections will help you recognize the importance of the factors that effectively affect market growth. This market report provides insights on the major market players to know more about the strategies they are adopting in the market including new product launches, collaborations, mergers and acquisitions.

Get Sample Full PDF Copy of Report: (Including Full TOC, List of Tables & Figures, Chart) @ https://www.verifiedmarketreports.com/download-sample/?rid=500169

This comprehensive Coiled Tubing (CT) Market report helps to determine the gaps and issues faced by the dominating or new companies. It also provides information about the potential impact of the existing COVID-19 on the market scenario. The market report also covers all essential economic, financial and social factors relevant to the market and provides players with the data they need to make informed decisions. The Coiled Tubes (CT) Market report is a combination of actual information, quantitative and qualitative assessments provided by market analysts and contributions from industry players and experts across the supply chain. value. This market report also examines the impact of qualitative market factors on the geography and market segments.

Key Players Mentioned in the Coiled Tubing (CT) Market Research Report:

Schlumberger, GE (Baker Hughes), Halliburton, Weatherford, Archer, Calfrac Well Services, Cudd Energy Services, Superior Energy Services, Trican Well Service, C&J Energy Services

Coiled Tubing (CT) Market Segmentation:

By Product Type, the market is primarily split into:

• Intervention on wells
• Drilling
• Others

By application, this report covers the following segments:

• Down
• At sea

Get a discount on the purchase of this report @ https://www.verifiedmarketreports.com/ask-for-discount/?rid=500169

Scope of Coiled Tubing (CT) Market Report

ATTRIBUTES DETAILS
ESTIMATED YEAR 2022
YEAR OF REFERENCE 2021
FORECAST YEAR 2029
HISTORICAL YEAR 2020
UNITY Value (million USD/billion)
SECTORS COVERED Types, applications, end users, and more.
REPORT COVER Revenue Forecast, Business Ranking, Competitive Landscape, Growth Factors and Trends
BY REGION North America, Europe, Asia-Pacific, Latin America, Middle East and Africa
CUSTOMIZATION SCOPE Free report customization (equivalent to up to 4 analyst business days) with purchase. Added or changed country, region and segment scope.

Geographic segment covered in the report:

The Coiled Tube (CT) report provides information on the market area, which is further sub-divided into sub-regions and countries/regions. In addition to the market share in each country and sub-region, this chapter of this report also contains information on profit opportunities. This chapter of the report mentions the market share and growth rate of each region, country and sub-region over the estimated period.

• North America (USA and Canada)
• Europe (UK, Germany, France and rest of Europe)
• Asia-Pacific (China, Japan, India and the rest of the Asia-Pacific region)
• Latin America (Brazil, Mexico and rest of Latin America)
• Middle East and Africa (GCC and Rest of Middle East and Africa)

Answers to key questions in the report:

1. Who are the top five players in the Coiled Tubing (CT) Market?

2. How will the coiled tubing (CT) market grow in the next five years?

3. Which products and applications will occupy the lion’s share of the coiled tubing (CT) market?

4. What are the Coiled Tubing (CT) Market drivers and restraints?

5. Which regional market will show the strongest growth?

6. What will be the CAGR and size of the Coiled Tube (CT) market throughout the forecast period?

For more information or query or customization before buying, visit @ https://www.verifiedmarketreports.com/product/coiled-tubing-ct-market-size-and-forecast/

Visualize Coiled Tubing (CT) Market Using Verified Market Intelligence:-

Verified Market Intelligence is our BI platform for market narrative storytelling. VMI offers in-depth forecast trends and accurate insights on over 20,000 emerging and niche markets, helping you make critical revenue-impacting decisions for a bright future.

VMI provides a global overview and competitive landscape with respect to region, country and segment, as well as key players in your market. Present your market report and results with an integrated presentation function that saves you more than 70% of your time and resources for presentations to investors, sales and marketing, R&D and product development. products. VMI enables data delivery in Excel and interactive PDF formats with over 15+ key market indicators for your market.

Visualize the Coiled Tubing (CT) Market Using [email protected] https://www.verifiedmarketresearch.com/vmintelligence/

Most Popular Reports

Global Molten Salt Thermal Energy Storage (TES) Market Size and Forecast

Global Flexible Solar Panels Market Size and Forecast

Global Static VAR Compensator (SVC) Market Size and Forecast

Global String Inverter Market Size and Forecast

Global Synchronous Motors Market Size and Forecast

Global Circuit Breakers and Fuses Market Size and Forecast

Global Coal-to-Liquid (CTL) Market Size and Forecast

Global Coiled Tubing (CT) Market Size and Forecast

Global Combined Heat and Power (CHP) Plant Market Size and Forecast

Global Compressed Natural Gas (CNG) Market Size and Forecast

About Us: Verified Market Reports

Verified Market Reports is a leading global research and advisory company serving over 5000 global clients. We provide advanced analytical research solutions while delivering information-enriched research studies.

We also provide insight into the strategic and growth analytics and data needed to achieve business goals and critical revenue decisions.

Our 250 analysts and SMEs offer a high level of expertise in data collection and governance using industry techniques to collect and analyze data on over 25,000 high impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise and years of collective experience to produce informative and accurate research.

Our research spans a multitude of industries, including energy, technology, manufacturing and construction, chemicals and materials, food and beverage, and more. Having served many Fortune 2000 organizations, we bring a wealth of reliable experience that covers all kinds of research needs.

Contact us:

Mr. Edwyne Fernandes

USA: +1 (650)-781-4080
UK: +44 (753)-715-0008
APAC: +61 (488)-85-9400
US Toll Free: +1 (800)-782-1768

E-mail: [email protected]

Website: – https://www.verifiedmarketreports.com/

Insider Weekends: Jonathan Heller buys 100,000 shares of CBL & Associates (NYSE: CBL)

0

IGphotography/E+ via Getty Images

When Seeking Alpha contacted me at the end of 2021 to see if I would be interested in writing an article about my outlook for 2022, I appreciated the opportunity to participate in their virtual tour table. I hesitated for a while before pasting the photo of a bear on my article entitled “Positions for 2022: a changing of the guard“but I was sufficiently aware of the challenges we were likely to face in 2022 that I decided to go ahead. I wrote the following in this article,

We are coming off of two incredible years of recovery where the S&P 500 and Nasdaq have generated gains of 46% and 74%, respectively (at the time of writing) since the start of 2020. This is despite a recent pullback in growth stocks. Looking from the outside and through the lens of a market player in early 2020, this kind of performance during a global pandemic with multiple waves of infection is beyond comprehension. In other words, markets remain mostly unpredictable. There is, however, one rule that has managed to stand the test of time and that is, “Don’t fight the Fed. When the Fed decides to open or close the floodgates, it is better to go with the flow rather than fight against the strong current.

With the government and market participants agreeing that inflation is not transitory, we will likely see some Fed tightening, which could result in a “don’t fight the Fed” scenario, but in a sense reverse.

The main driver for the stock market will likely be Fed action and sector/style rotation due to the anticipated rise in interest rates.

The first interest rate hike last month was a modest 25 basis points, but Jerome Powell indicated that a 50 basis point hike would be on the table in May. Market participants are now expecting at least two 50 basis point hikes and potentially a 75 basis point hike. A rise of 75 basis points would be very unusual and signal that inflation is proving very difficult to control. In this environment, it’s no surprise that the S&P 500 fell almost 3% last week and the Nasdaq fell 3.69%. While we may see some respite in selling in the coming days, risk continues to remain on the downside for equities in general with some pockets of opportunity.

Insider buying normally tends to increase during periods of market weakness, but we haven’t seen this yet as we are in the midst of earnings season quiet periods at most companies. I expect a significant increase in insider buying next month. Like I tweeted earlier this week, we’re seeing a bewildering amount of insider buying in housing-related companies and this week was no exception with the CEO of mortgage originator Rocket Companies (RKT) buying even more shares. The market, worried about a housing downturn, hasn’t really bullied these companies in recent months and many of them are therefore trading at very low valuations, as is often the case during cyclical peaks. . It is possible that insiders are either myopic and not seeing the big picture, or are looking beyond this cycle and think they are well positioned after the bottom of the cycle.

Insider Buying in Housing Stocks

Insider Buying in Housing Stocks (Twitter)

An interesting insider buy this week was made by a director of retail REIT CBL & Associates (NYSE: CBL), who emerged from bankruptcy end of 2021. Jonathan Heller, Partner at Canyon Partners, joined the board of directors of CBL last October. Canyon Partners is a multi-strategy hedge fund with nearly $21 billion in assets under management that focuses on distressed securities, restructurings and real estate, among other areas. Considering CBL emerged from restructuring last year, it’s no surprise to see Canyon involved. Mr. Heller made this purchase in several accounts including a joint account with his spouse and through a trust set up for the benefit of his children.

Insider buying declined last week, with insiders buying $41.43 million worth of shares from $64.39 million the previous week. Sales also fell to $704.53 million from $1.58 billion the previous week.

Sale/purchase ratio:

The insider sell/buy ratio is calculated by dividing the total insider sells in a given week by the total insider buys that week. The adjusted ratio for the past week fell to 17. In other words, insiders sold 17 times more shares than they bought. The sell/buy ratio this week was favorable compared to the previous week when the ratio stood at 24.52.

Notable Insider Buys:

1. CBL & Associates Properties, Inc. (CBL): $29.09

Director Jonathan M. Heller acquired 100,000 shares of this retail REIT, paying $32.25 per share for a total consideration of $3.23 million. 70,000 of these shares were purchased indirectly through a trust.

PER: N/A Forward P/E: -74.59 Industry P/E: 36.33
S/S: 1.73 Price/Book: 12.63 EV/EBITDA: 10.8
Market cap: $992.71M Avg. Daily volume: 114,820 52 week range: $25.96 – $43.5

2. BlackRock, Inc. (BLK): $662.94

Director William E. Ford acquired 3,000 shares of this asset management company, paying $687.96 per share for a total consideration of $2.06 million. Mr. Ford increased his stake by 25.18% to 14,915 shares with this purchase.

PER: 17.35 Front P/E: 14.91 Industry P/E: 13.13
P/S: 5.19 Price/Book: 2.67 EV/EBITDA: 13.3
Market cap: $100.59 billion Avg. Daily volume: 869,446 52 week range: $660.15 – $973.16

3. Rocket Companies, Inc. (RKT): $8.67

Chief executive Jay Farner acquired 129,000 shares of this mortgage and other originator, paying $9.28 per share for a total consideration of $1.19 million. Mr. Farner increased his stake by 7.67% to 1,810,707 shares with this purchase.

PER: 3.73 Front P/E: 6.83 Industry PER: 7.54
P/S: 1.31 Price/Book: 1.65 EV/EBITDA: 4.24
Market cap: $17.23 billion Avg. Daily Volume: 5,505,265 52 week range: $8.66 – $23.33

4. Hasbro, Inc. (HAS): $87.93

CEO Christian P. Cocks acquired 10,102 shares of Hasbro, paying $89.59 per share for a total consideration of $905,046. Mr. Cocks increased his stake by 18.09% to 65,945 shares with this purchase.

PER: 28.36 Front P/E: 14.98 Industry PER: 21.90
S/S: 1.9 Price/Book: 4.02 EV/EBITDA: 13.44
Market cap: $12.22 billion Avg. Daily volume: 1,390,963 52 week range: $81.16 – $105.73

5. Clene Inc. (CLNN): $2.87

Director David J. Matlin acquired 132,891 shares of this biotech company, paying $3.01 per share for a total consideration of $400,002. Mr. Matlin increased his stake by 7.77% to 1,844,288 shares with this purchase.

PER: N/A Forward P/E: -5.42 Industry P/E: 81.33
P/S: 251.06 Price/Booking: 14.21 EV/EBITDA: -3.33
Market cap: $181.52M Avg. Daily volume: 99,012 52 week range: $2.36 – $17.82

You can check the full list of purchases from this Insider buying page.

Notable insider sales:

1. Alphabet Inc. (GOOG) (GOOGL): $2392.28

Director Lawrence Page sold 83,332 shares of Alphabet for $2,566.05, generating $213.83 million from the sale.

PER: 21.32 Front P/E: 17.44 Industry PER: 20.16
P/S: 6.14 Price/Book: 6.29 EV/EBITDA: 16.13
Market capitalization: $1.58 T Avg. Daily volume: 1,542,733 52 week range: $2230.05 – $3042

2. Bentley Systems, Incorporated (BSY): $41.81

Director Raymond B. Bentley sold 464,605 ​​shares of this infrastructure engineering software solutions provider for $44.05, generating $20.46 million from the sale.

PER: 139.37 P/E front: 45.95 Industry P/E: 52.42
P/S: 12:47 p.m. Price/Book: 31.46 EV/EBITDA: 87.28
Market cap: $12.03 billion Avg. Daily volume: 977,131 52 week range: $34.45 – $71.92

3. Airbnb, Inc. (ABNB): $156.09

Chief Financial Officer Dave Stephenson sold 35,000 shares of Airbnb for $177.81, generating $6.22 million from the sale.

PER: N/A Front P/E: 76.14 Industry P/E: 1,306.33
P/S: 16.75 Price/Book: 20.71 EV/EBITDA: 176.83
Market cap: $100.35 billion Avg. Daily volume: 5,987,901 52 week range: $129.71 – $212.584

4. Targa Resources Corp. (TRGP): $76.17

The shares of this midstream energy asset owner were sold by 2 insiders:

  • Director Joe Bob Perkins sold 66,350 shares for $78.37, generating $5.19 million from the sale. 38,406 of these shares were sold indirectly by Perkins Blue House Investments Limited Partnership.
  • Business manager Robert Muraro sold 10,000 shares for $80.10, generating $801,044 from the sale.

PER: N/A Front P/E: 17.23 Industry P/E: 11.84
P/S: 1.03 Price/Book: 8.64 EV/EBITDA: 12.63
Market cap: $17.39 billion Avg. Daily volume: 1,658,463 52 week range: $33.59 – $81.5

5. Interactive Brokers Group, Inc. (IBKR): $61

Chairman Thomas Peterffy sold 80,000 shares of this investment brokerage firm for $65.18, generating $5.21 million from the sale.

PER: 18.83 Front P/E: 13.5 Industry P/E: 13.13
P/S: 9.24 Price/Booking: 2.5 EV/EBITDA: N/A
Market cap: $25.42 billion Avg. Daily volume: 893,673 52 week range: $56.95 – $82.83

You can check the full list of sales from this Insider sales page.

Analysts predict that Clean Energy Fuels Corp. (NASDAQ:CLNE) will post a profit of -$0.01 per share

0

Equity research analysts expect Clean Energy Fuels Corp. (NASDAQ:CLNE – Get Rating) shows ($0.01) earnings per share (EPS) for the current quarter, reports Zacks Investment Research. Zero analysts made estimates of Clean Energy Fuels earnings. Clean Energy Fuels also reported earnings per share of ($0.01) in the same quarter last year. The company is expected to release its next quarterly results after the market closes on Monday, January 1.

On average, analysts expect Clean Energy Fuels to report full year earnings of ($0.01) per share for the current year, with EPS estimates ranging from ($0.03) to 0 $.01. For the next fiscal year, analysts expect the company to post earnings of $0.10 per share, with EPS estimates ranging from $0.08 to $0.11. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts who track Clean Energy Fuels.

Clean Energy Fuels (NASDAQ:CLNE – Get Rating) last reported quarterly results on Thursday, February 24. The utility provider reported earnings per share (EPS) of $0.03 for the quarter, matching analyst consensus estimates of $0.03. Clean Energy Fuels had a negative return on equity of 0.26% and a negative net margin of 36.44%. The company posted revenue of $91.90 million for the quarter, versus a consensus estimate of $91.16 million. The company’s quarterly revenue increased 22.5% year over year.

A number of brokerages have recently released reports on CLNE. Evercore ISI upgraded Clean Energy Fuels to a “buy” rating and set a price target of $11.00 on the stock in a Friday, February 25 report. Zacks Investment Research downgraded Clean Energy Fuels from a “buy” rating to a “strong sell” rating in a Wednesday, April 13 report. Tudor Pickering upgraded Clean Energy Fuels from a “hold” rating to a “buy” rating in a Thursday, Jan. 27, research report. StockNews.com took over clean energy fuels coverage in a Thursday, March 31 research report. They put a “sell” mark on the stock. Finally, Jonestrading took over clean energy fuels coverage in a Friday, April 8 research report. They set a “buy” rating on the stock. Two equity research analysts rated the stock with a sell rating, one gave the stock a hold rating and five gave the stock a buy rating. According to MarketBeat, Clean Energy Fuels currently has an average rating of “Hold” and a consensus price target of $14.65.

Institutional investors and hedge funds have recently changed their holdings in the company. Alliancebernstein LP increased its position in Clean Energy Fuels shares by 35.4% in the third quarter. Alliancebernstein LP now owns 323,631 shares of the utility provider worth $2,638,000 after buying an additional 84,577 shares last quarter. Yaupon Capital Management LP purchased a new stake in shares of Clean Energy Fuels in Q4 for a value of approximately $2,608,000. HighMark Wealth Management LLC purchased a new stake in shares of Clean Energy Fuels in Q4 for a value of approximately $61,000. Cetera Advisors LLC bought a new stake in shares of Clean Energy Fuels in Q3 for a value of approximately $129,000. Finally, Intelligence Driven Advisers LLC increased its position in Clean Energy Fuels by 300.0% in the 4th quarter. Intelligence Driven Advisers LLC now owns 40,000 shares of the utility provider valued at $254,000 after acquiring an additional 30,000 shares in the last quarter. 41.86% of the shares are currently held by hedge funds and other institutional investors.

NASDAQ:CLNE shares opened at $6.44 on Friday. Clean Energy Fuels has a 1 year minimum of $4.70 and a 1 year maximum of $14.50. The company has a market capitalization of $1.43 billion, a PE ratio of -14.31 and a beta of 1.80. The company has a debt ratio of 0.03, a current ratio of 3.26 and a quick ratio of 3.01. The stock’s 50-day moving average is $7.38 and its 200-day moving average is $7.26.

Clean Energy Fuels Company Profile (Get an evaluation)

Clean Energy Fuels Corp. provides natural gas as an alternative fuel for vehicle fleets and related fueling solutions, primarily in the United States and Canada. It provides renewable natural gas (RNG), compressed natural gas (CNG) and liquefied natural gas (LNG) for medium and heavy vehicles; and offers operation and maintenance services for customer stations of public and private vehicle fleets.

Featured Articles

Get a Free Copy of Zacks Clean Energy Fuels (CLNE) Research Report

For more information on Zacks Investment Research’s research offerings, visit Zacks.com



Receive daily news and ratings for clean energy fuels – Enter your email address below to receive a concise daily summary of breaking news and analyst ratings for Clean Energy Fuels and related companies with MarketBeat.com’s free daily email newsletter.

Des Ger – Geometric Mongolian Yurt / Ger Atelier

0

Des Ger – Geometric Mongolian Yurt / Ger Atelier

© Yujun Dou© Yujun Dou© Yujun Dou© Yujun Dou+ 19


  • Region Area of ​​this architecture project Region :
    35 m²

  • Year Year of realization of this architectural project

    Year:


    2021


  • Photographs
© Yujun Dou
© Yujun Dou

Text description provided by the architects. With the development of society, the traditional yurt, as the medium of grassland residence, could not meet the needs of modern life. Its spatial unity and physical properties need to be improved and modified urgently. Des Ger is a lightweight pre-engineered construction system designed to explore contemporary prairie residences, which consists of prototype design, space design, and system design.

© Yujun Dou
© Yujun Dou
© Yujun Dou
© Yujun Dou

Design of prototypes. The geometric breakdown and reconstruction of the traditional yurt rope system formed a unique geometric and modular building prototype. The traditional yurt consists of a wooden frame system, a felt system and a rope system. The design of the Des Ger learns from the formal aesthetics and structural characteristics of the traditional yurt rope system, follows the forward and backward logic of the rope system, and geometrically breaks down and reconstructs the circular and arched spatial forms of the traditional yurt. And the geometric and modular prototype of a unique building is finally formed.

traditional yurt structure
traditional yurt structure
generation diagram
generation diagram
© Yujun Dou
© Yujun Dou

The domed space of the traditional yurt is the embodiment of the spiritual world and core value system of the nomads, as well as the wisdom of coping with the natural climate. Geometric reconstruction is used in the design of the Des Ger, which continues the domed spatial shape and solves the problems of roof drainage, snow on the roof, etc. As the circular plan of the traditional yurt will leave negative space when arranging modern furniture, unnecessary negative space is removed to make the space more suitable for modern usage functions and provide more possibilities for places to outside the yurt.

© Yujun Dou
© Yujun Dou
© Yujun Dou
© Yujun Dou

Integral design. Enlarge and reorganize the prototype, release the spatial unity of the traditional yurt, and obtain a more diversified and open architectural space. The circular space of a traditional yurt is unique, which cannot meet the characteristics of private space and multifunctional space of modern life. According to the order of behavior in the yurt, four rectangular spaces are implanted in the design of the Des Ger to meet the needs of privacy and versatility. At the same time, the rectangular space also carries the function of connection and expansion between several prototype spaces. Therefore, several prototype spaces can be combined to achieve a more diversified and open architectural space according to different user requirements.

© Yujun Dou
© Yujun Dou
© Yujun Dou
© Yujun Dou

System design. New materials and energy systems are integrated into the design to improve the physical properties of the space, such as sealing, thermal insulation and energy. The main structure of the Des Ger consists of the wooden structure. The maintenance structure adopts new materials, such as aluminum manganese plate, airgel felt, polystyrene board and integrated wood board. Combined with the design of the common structure, the tightness and thermal insulation of the building are ensured. The heating system adopts PTC low-temperature radiant heating film and wireless remote intelligent control system to accurately monitor and collect power consumption data, and independently calculate and adjust the temperature of each room, realizing a green, low-carbon and cost-effective economy. By implementing new materials and energy systems in the design, the physical properties of the space, such as sealing, thermal insulation and energy, are improved.

model diagram
model diagram
© Yujun Dou
© Yujun Dou

ASICS METASPEED+ series release information

0

When ASICS released its METASPEED early last year, it marked a new era of human-centered design for the brand. Now over 12 months later, the label returns to present the latest evolution of the series and take things to the next level.

Using data accumulated from its athletes over the past year, ASICS presents the METASPEED EDGE+ and METASPEED SKY+, two refined running silhouettes designed to more accurately address two distinct running styles and allow runners to achieve new personal bests.

The METASPEED EDGE+ is designed to help pace-type runners go faster by extending their stride length while allowing them to control their cadence more effectively. An energetic midsole underfoot – which houses a propulsive carbon plate – allows for better walking motion for longer, which, in turn, helps conserve energy over greater distances.

Similarly, the METASPEED SKY+ is also designed to help runners increase their stride length, but thanks to FF BLAST TURBO foam underfoot and a carbon plate, they’ll return more rebound and help conserve energy. while maintaining the pace towards the end of a race.

On April 24, ASICS athletes will challenge themselves in the soon-to-be-released METASPEED+ series in Malaga, Spain to achieve their own personal bests, in an event titled META: Time: Trialswhich you can see live here from 7:30 CET.

Both silhouettes are set to land on June 14 and will be available worldwide via the ASICS online store.

In other running news, adidas and Tinman Elite have come together for another shoe collaboration.

Head-to-head record: Summer Energy (OTCMKTS:SUME) and Avangrid (NYSE:AGR)

0

Avangrid (NYSE: AGRGet a rating) and summer energy (OTCMKTS: SUMEGet a rating) are both utility companies, but which stock is superior? We’ll compare the two companies based on their dividend strength, profitability, valuation, institutional ownership, risk, earnings, and analyst recommendations.

Valuation and benefits

This table compares the revenue, earnings per share (EPS) and valuation of Avangrid and Summer Energy.

Gross revenue Price/sales ratio Net revenue Earnings per share Price/earnings ratio
Avangrid $6.97 billion 2.64 $707.00 million $2.07 11:00 p.m.
summer energy $166.32 million 0.02 -$10.73 million N / A N / A

Avangrid has higher revenue and profit than Summer Energy.

Insider and Institutional Ownership

10.7% of Avangrid’s shares are held by institutional investors. 0.1% of Avangrid shares are held by company insiders. By comparison, 56.6% of Summer Energy’s shares are held by company insiders. Strong institutional ownership indicates that hedge funds, large fund managers, and endowments believe a stock will outperform the market over the long term.

Analyst Recommendations

This is a breakdown of the current recommendations for Avangrid and Summer Energy, as reported by MarketBeat.com.

Sales Ratings Hold odds Buy reviews Strong buy odds Rating
Avangrid 1 3 0 0 1.75
summer energy 0 0 0 0 N / A

Avangrid currently has a consensus target price of $48.67, suggesting a potential upside of 2.24%. Given Avangrid’s likely higher upside, research analysts clearly believe that Avangrid is more favorable than Summer Energy.

Profitability

This table compares the net margins, return on equity and return on assets of Avangrid and Summer Energy.

Net margins Return on equity return on assets
Avangrid 10.14% 4.12% 2.01%
summer energy N / A N / A N / A

Volatility and risk

Avangrid has a beta of 0.33, indicating that its stock price is 67% less volatile than the S&P 500. In comparison, Summer Energy has a beta of -157.57, indicating that its stock price stock is 15,857% less volatile than the S&P 500.

Summary

Avangrid beats Summer Energy on 9 of the 10 factors compared between the two stocks.

Avangrid Company Profile (Get a rating)

Avangrid, Inc., an energy services holding company, conducts regulated energy transmission and distribution and renewable energy generation activities in the United States. The Company operates through the Grids and Renewables segments. It is involved in the generation, transmission and distribution of electricity; and the distribution, transport and sale of natural gas. The company also operates renewable energy generation facilities using primarily onshore wind energy, as well as solar, biomass and thermal energy. It supplies natural gas and electricity to residential, commercial and institutional customers through its regulated utilities in New York, Maine, Connecticut and Massachusetts; and sells its output to investor-owned utilities, utilities and other creditworthy entities. In addition, the company generates and supplies electricity and other services to federal and state agencies, as well as institutional retail and joint action agencies; and provides thermal generation to wholesale customers in the western United States. It owns eight electric and natural gas utilities, serving 3.3 million customers in New York and New England, as well as owns and operates 8.8 gigawatts of electrical capacity primarily through wind power in 22 States. The company was incorporated in 1997 and is based in Orange, Connecticut. Avangrid, Inc. is a subsidiary of Iberdrola, SA

Summer Energy Company Profile (Get a rating)

Summer energy logoSummer Energy Holdings, Inc., through its subsidiaries, operates as a retail electricity provider in Texas, Massachusetts, New Hampshire, Ohio and Illinois. It purchases energy in bulk and resells it to commercial and residential customers. The company was founded in 2011 and is based in Houston, Texas.



Get news and reviews for Avangrid Daily – Enter your email address below to receive a concise daily summary of the latest news and analyst ratings for Avangrid and related companies with MarketBeat.com’s FREE daily newsletter.

Chilean Codelco begins offering exploration assets to third parties

0

The logo of Codelco, the world’s largest copper producer, is seen at its headquarters in downtown Santiago, Chile January 14, 2016. REUTERS/Ivan Alvarado

Join now for FREE unlimited access to Reuters.com

Register

SANTIAGO, April 22 (Reuters) – Chilean state-owned mining company Codelco said on Friday it had started scouting for potential partners for 34 projects across the country, its first such venture in joint exploration.

The offer of ‘non-essential’ leads was first reported by a company executive in late March, but was met with opposition from unions, who saw it as an attempt to privatize company assets. state-owned company, the largest copper producer in the world.

Codelco said the 34 projects meet “all internal and legal requirements to organize for third-party partnerships” because they are not part of the currently mined fields, intended for expansion or replacement.

Join now for FREE unlimited access to Reuters.com

Register

“The selected portfolio is made up of projects that cover approximately 255,000 hectares under concession to Codelco, and which are at an early stage of exploration with varying degrees of advancement,” he said in a statement, adding that the Basic exploration mainly concerns copper and gold.

Eight of the projects have drilling information, 22 have geophysical information and 33 have geochemical information, according to the release.

Codelco said applicants must be able to attract capital, innovation or technology needed for projects.

The company, which already has a partnership with Freeport McMoran in the El Abra mine, added that the model will allow it to assess the possibility of “future construction and operation of new deposits”.

Chilean law stipulates that Codelco must carry out basic exploration work before it can form partnerships with third parties on prospects. Partnerships must also have the support of the board of directors and a favorable report from the Chilean Copper Commission.

Join now for FREE unlimited access to Reuters.com

Register

Reporting by Fabián Andrés Cambero, Writing by Carolina Pulice; Editing by Sam Holmes

Our standards: The Thomson Reuters Trust Principles.

Patterson-UTI Energy, Inc. (NASDAQ:PTEN) Receives Average “Buy” Rating from Brokerages

0

Patterson-UTI Energy, Inc. (NASDAQ:PTEN – Get Rating) received a consensus “Buy” recommendation from the ten research firms that currently cover the business, Marketbeat reports. Two equity research analysts rated the stock with a sell rating, one gave the company a hold rating and seven gave the company a buy rating. The 12-month average price target among brokers who have reported on the stock in the past year is $14.50.

A number of brokerages have published reports on PTEN. StockNews.com began covering Patterson-UTI Energy in a research note on Thursday, March 31. They issued a “sell” rating for the company. Piper Sandler raised its price target on Patterson-UTI Energy from $14.50 to $20.00 and gave the company an “overweight” rating in a Wednesday, April 13 research report. Citigroup raised its price target on Patterson-UTI Energy from $11.00 to $15.00 and gave the company a “buy” rating in a Tuesday, February 15 research report. JPMorgan Chase & Co. raised its price target on Patterson-UTI Energy shares from $9.00 to $11.00 and gave the company an “underweight” rating in a Tuesday, Feb. 15 report. Finally, Morgan Stanley raised its price target on Patterson-UTI Energy shares from $13.50 to $18.00 and gave the company an “overweight” rating in a Monday, April 11 report.

In other Patterson-UTI Energy news, Chief Financial Officer Charles Andrew Smith sold 17,213 shares of Patterson-UTI Energy in a trade on Thursday, April 14. The shares were sold at an average price of $17.67, for a total value of $304,153.71. Following the transaction, the CFO now directly owns 249,803 shares of the company, valued at $4,414,019.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available on the SEC’s website. Additionally, insider James Michael Holcomb sold 66,730 shares of Patterson-UTI Energy in a trade on Tuesday, March 1. The stock was sold at an average price of $14.09, for a total transaction of $940,225.70. The disclosure of this sale can be found here. In the past ninety days, insiders have sold 526,380 shares of the company worth $8,184,957. Company insiders own 3.00% of the company’s shares.

Hedge funds and other institutional investors have recently increased or reduced their stakes in the company. Healthcare of Ontario Pension Plan Trust Fund bought a new position in Patterson-UTI Energy in the third quarter at a value of $1,933,000. Fisher Asset Management LLC increased its stake in Patterson-UTI Energy shares by 5,377.5% during the fourth quarter. Fisher Asset Management LLC now owns 942,901 shares of the oil and gas company worth $7,968,000 after purchasing an additional 925,687 shares during the period. Allspring Global Investments Holdings LLC acquired a new equity stake in Patterson-UTI Energy during the fourth quarter valued at $55,647,000. Ensign Peak Advisors Inc increased its stake in shares of Patterson-UTI Energy by 268.0% during the third quarter. Ensign Peak Advisors Inc now owns 135,800 shares of the oil and gas company worth $1,222,000 after purchasing an additional 98,900 shares during the period. Finally, Millennium Management LLC increased its stake in Patterson-UTI Energy shares by 812.3% during the third quarter. Millennium Management LLC now owns 1,965,901 shares of the oil and gas company worth $17,693,000 after purchasing an additional 1,750,410 shares during the period. 89.32% of the shares are currently held by institutional investors and hedge funds.

PTEN stock was down $0.03 during Friday’s trading, hitting $17.64. The company’s stock had a trading volume of 43,672 shares, compared to its average trading volume of 3,956,855. Patterson-UTI Energy has a 1-year low of $6.08 and a 1-year high of 18. $77. The company has a quick ratio of 1.24, a current ratio of 1.34 and a debt ratio of 0.53. The company has a market capitalization of $3.80 billion, a P/E ratio of -5.51 and a beta of 2.61. The company’s fifty-day moving average is $15.23 and its 200-day moving average is $11.20.

Patterson-UTI Energy (NASDAQ:PTEN – Get Rating) last released its quarterly results on Thursday, February 10. The oil and gas company reported ($0.38) earnings per share (EPS) for the quarter, missing Zacks’ consensus estimate of ($0.35) by ($0.03). Patterson-UTI Energy posted a negative return on equity of 21.30% and a negative net margin of 48.23%. The company posted revenue of $466.50 million in the quarter, compared to $436.38 million expected by analysts. In the same quarter of the previous year, the company posted EPS of ($0.57). The company’s quarterly revenue increased 111.3% year over year. Analysts expect Patterson-UTI Energy to post -0.26 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, March 17. Shareholders of record on Thursday, March 3 received a dividend of $0.04 per share. The ex-dividend date was Wednesday, March 2. This is a positive change from Patterson-UTI Energy’s previous quarterly dividend of $0.02. This represents a dividend of $0.16 on an annualized basis and a dividend yield of 0.91%. Patterson-UTI Energy’s dividend payout ratio (DPR) is -4.94%.

Patterson-UTI Energy Company Profile (Get a rating)

Patterson-UTI Energy, Inc, through its subsidiaries, provides onshore contract drilling services to oil and gas operators in the United States and around the world. It operates through three segments: Contract Drilling Services, Pressure Pumping Services and Directional Drilling Services. The Contract Drilling Services segment markets its contract drilling services primarily in West Texas, Appalachia, Rocky Mountains, Oklahoma, South Texas, East Texas and Columbia.

Recommended Stories

Analyst Recommendations for Patterson-UTI Energy (NASDAQ: PTEN)



Get news and reviews for Patterson-UTI Energy Daily – Enter your email address below to receive a concise daily summary of breaking news and analyst notes for Patterson-UTI Energy and related companies with MarketBeat.com’s free daily email newsletter.

Ongoing solar battery system project for Mozambique

0

The board of Syrah Resources Limited (Syrah) has announced its approval to finance a hybrid solar and battery power system at its Balama graphite operation in Mozambique, taking advantage of the high potential for solar irradiation of the site location.

Syrah Resources has selected an 11.25 MWp solar photovoltaic (PV) installation combined with an 8.5 MW/MWh battery energy storage system to be integrated with the existing Balama diesel power plant. Extensive due diligence was undertaken on the selection of equipment and suppliers of solar PV modules, battery energy storage technology and hybrid control system.

Currently, Balama is only powered by a 15 MW diesel-generating power plant, 100% owned and operated by Syrah. This system was initially selected as a low-risk feeding option for the development of Balama. However, grid electricity is not currently available for Balama’s power needs due to a lack of nearby high voltage transmission infrastructure.

Therefore, following the signing of a Memorandum of Understanding with Solar Century Africa Limited in December 2020, Syrah and Solarcentury Africa have completed the design, detailed engineering and secured, structured and arranged financing for a system solar batteries.

On average, the solar battery system will provide approximately 35% of the energy needs of the Balama site, resulting in a reduction of approximately 35% in diesel consumption for power generation. During peak hours, the solar battery system will be able to supply up to 100% of Balama’s energy needs.

Did you read?
Mozambique begins construction of first solar energy storage IPP

CrossBoundary Energy (CBE) provided the financing for the project, which will be carried out under a build-own-operate-transfer (“BOOT”) agreement, comprising a 10-year operating lease and a operation and maintenance with a project incorporated in Mozambique company 100% owned by CBE. This project company will build, own and operate the solar battery system for the duration of the BOOT.

The operations and ownership of the solar battery system will be transferred to Syrah at no cost at the end of the 10-year BOOT period. Solarcentury Africa will continue to work closely with Syrah and CBE during the construction, delivery and installation of the solar battery system and into commercial operation, which is expected to be commissioned and operational before the end of this month. March 2023.

Syrah Managing Director and CEO Shaun Verner said the installation of a large-scale hybrid solar and battery power system is expected to reduce operating costs at Balama and further strengthen the ESG credentials of Syrah’s products. natural graphite from the mine. “This project represents a first step in reducing the global warming potential of Balama and Vidalia’s active anode material plant in Louisiana, USA.”

Did you read?
Hybrid Solar Battery Approved for Mali Gold Mine

The solar battery system is expected to generate C1 cost savings of approximately $8 per ton at a production rate of 15 kt per month, which is factored into the Balama C1 (FOB Nacala) cash cost forecast of $430-$470 per tonne at a production rate of 15 kt per month. The project is expected to generate an attractive return on investment due to low initial investment costs, fixed costs payable by Syrah under the 10-year BOOT agreement and significant cost savings resulting from reduced consumption of diesel.

The solar battery system will reduce the global warming potential or produce carbon equivalent emissions of natural graphite Balama products. Syrah’s independent life cycle assessment estimated that the solar battery system would reduce the global warming potential of natural graphite production from the Balama mine and its transport to the port of Nacala by 0.48 kg to 0.42 kg of CO2 equivalent per 1 kg of natural graphite, which represents a reduction of 12.5%. The solar battery system is estimated to reduce Balama’s global warming potential by 18 kt CO2 equivalent per year, on average, over the life of the operation.

The effect of the mining energy system on energy access in Africa will be discussed at Enlit Africa.

Enlit Africa (the unifying brand for African Utility Week and POWERGEN Africa) invites you to join the conversation from June 7-9, 2022 in Cape Town, South Africa.

Community News for the Windsor Edition – Hartford Courant

0

Windsor – WINDSOR – CT Cat Connection, 40 Stevens Mill Road, is looking for clean, lightly worn clothing, linens and bedding for its second annual fundraising event, through June 18. Items may be placed in garbage bags at the central adoption site. Contact Jean at 860-687-6313 for more information.

WINDSOR – The City of Windsor’s Community Development Office is soliciting program proposals from community non-profits and municipal agencies, for financial consideration, under the Neighborhood Assistance Act (NAA) program. All applications must be received by close of business May 26 to be considered.

This program allows private businesses to claim a state tax credit for cash contributions made to eligible community programs conducted by tax-exempt or municipal agencies. The City of Windsor’s Community Development Office accepts applications; however, the Connecticut State Department of Tax Services is the agency that administers this program.

The types of community programs that may qualify for the NAA tax credit program include, but are not limited to: energy conservation, employment and training, child care, neighborhood assistance, substance abuse, open space acquisition, crime prevention programs and affordable housing. development. The minimum contribution on which a tax credit can be granted is $250 and the maximum contribution that any non-profit or municipal entity can receive under this program is $150,000. All NAA programs must be completed within two years of their start date.

Refer to the Neighborhood Assistance Act Tax Credit Program on the Connecticut Department of Tax Services website or contact the Office of Community Development via email at [email protected] for more information.

Ill. Judges reject ex-NFL star’s bid to identify alleged defamers

0
By Celeste Bott (April 21, 2022, 12:17 p.m. EDT) — The Illinois Superior Court ruled Thursday that former Chicago Bears player Richard Dent cannot use preliminary discovery to learn the identities of employees of an Exelon subsidiary who allegedly defamed him, claiming their statements were privileged because they were made as part of a confidential workplace investigation.

In a 4-2 ruling reversing an appeals court decision that would have paved the way for Dent to uncover his accusers, judges said his insistence that employee statements were false was not enough to overcome qualified immunity, and he would need to show that the privilege was abused. Simply allowing “definitive denial” to overcome…

Stay one step ahead

In the legal profession, information is the key to success. You need to know what’s going on with customers, competitors, practice areas and industries. Law360 provides the intelligence you need to stay an expert and beat the competition.

  • Access to case data in articles (numbers, filings, courts, nature of lawsuits, etc.)
  • Access to attached documents such as briefs, motions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and more!

TRY LAW360 FREE FOR SEVEN DAYS

Engie can do without the president of Russian gas

0

The Engie power plant is pictured in Montoir-de-Bretagne near Saint-Nazaire, France, March 4, 2022. REUTERS/Stephane Mahe

Join now for FREE unlimited access to Reuters.com

Register

PARIS, April 20 (Reuters) – French gas utility Engie (ENGIE.PA) could do without Russian gas, and Europe as a whole should also be able to halve its dependence on Russian gas, a declared the president of Engie Jean-Pierre Clamadieu in an interview with the French daily Le Figaro.

“Engie can do without Russian gas, which represents 20% of its supply. Europe as a whole is probably able to replace half of its Russian gas. The other half could be taken care of by a reduction in consumption and production shutdowns by the industry. ,” he said.

He also said there was no agreement with Russian gas supplier Gazprom on payment for supplies in roubles, as requested by Russian authorities.

Join now for FREE unlimited access to Reuters.com

Register

“Gazprom said they want to change the terms of payment for our supplies. The question will arise during the next payment, which is in May. We are not obliged to pay in rubles. We have no reason to take the risk of exchange “, he said.

Asked if Engie might be interested in acquiring EDF’s renewable energy assets (EDF.PA), he said EDF’s public shareholder wanted the utility to focus on nuclear.

“We’ll see if it opens up opportunities for us…we have the wherewithal to act if the right opportunities arise,” he said.

Join now for FREE unlimited access to Reuters.com

Register

Report by GV De Clercq; Editing by Stephen Coates

Our standards: The Thomson Reuters Trust Principles.

Do analysts expect NextEra Energy Inc (NEE) stock to rise after gaining 0.02% in a month?

0

Wall Street is positive on NextEra Energy Inc (NEE). On average, analysts give the stock a Strong Buy rating. The average price target is $91, which means analysts expect the stock to rise 11.22% over the next twelve months. This average ranking gives the stock an analyst rating of 63, which is better than 63% of stocks based on data compiled by InvestorsObserver.

Wall Street analysts rate NEE as a strong buy today. Find out what this means to you and get the rest of the rankings on NEE!

Why are analyst ratings important?

Fundamental research of a company’s underlying health can be an extremely useful resource when making investment decisions. Analysts watch companies’ growth prospects and earnings forecasts to get a comprehensive view of particular industries. This data allows traders to react before the figures are officially released.

InvestorsObserver takes notes from these analysts and ranks these averages into percentiles. This allows you to compare stocks in depth and in more detail than common buy/hold/sell quotes.

What’s going on with NextEra Energy Inc stock today?

NextEra Energy Inc (NEE) stock fell -0.05% while the S&P 500 rose 0.08% at 10:30 a.m. Wednesday, April 20. NEE is down -$0.04 from the previous closing price of $81.86 on volume of 1,187,108 shares. Over the past year, the S&P 500 has risen 8.00% while the NEE has risen 1.60%. NEE has earned $1.81 per share over the past 12 months, giving it a price-earnings ratio of 45.13. Click here for the full NextEra Energy Inc. stock report.

Stay in the know

Subscribe to our daily morning update newsletter and never miss market news, moves and more.

Thank you for signing up! You are ready to receive the Morning Update newsletter

As Congress Commits Billions, It’s Time to Switch to Residential Solar

0

Find out if solar power is right for your home with a free personalized assessment from Understand Solar.

Scientists say we only have about 10 years left before climate change becomes irreversible. However, for the first time, there’s actually something you can do about it. Using solar energy to power your home is a great way to reduce your carbon footprint. And right now, thanks to a rare alignment of public policy and private market forces, solar installation has never been more affordable. If you want to do your part in the fight against climate change, you should start by contacting the experts at Understand Solar.

Solar power is about to take a huge leap forward

As Congress Commits Billions, It's Time to Switch to Residential Solar

According to the US Department of Energy, the solar industry has the potential to generate 40% of the country’s electricity by 2035, a development that could be a game-changer in the fight against climate change. However, to achieve this level of solar generation, the United States would need to add 30 gigawatts of solar capacity per year by 2025 and 60 gigawatts per year from 2025 to 2030. This is going to require a major shift in public policy, billions dollars in federal spending and a huge push from the private sector.

The good news is that for once in this battle to reduce our dependence on fossil fuels, all the pieces are falling into place.

The solar energy industry has been booming for a decade thanks to technological advancements and a determined private sector. Over the past ten years, the overall cost of generating solar electricity has fallen by 89%, from $359 per megawatt hour to $40, and the cost of installing solar energy systems in private residences has dropped by 70%. As a result, the United States installed a record 15 gigawatts of solar generating capacity in 2020. And that’s despite supply chain issues caused by the pandemic.

Now things are really about to explode. The massive infrastructure bill passed by Congress in November includes a $15 billion investment in electric transportation, plus $65 billion to rebuild and modernize the nation’s power grid. This funding is expected to fuel the exponential growth of the solar energy industry. And that means there’s never been a better time to go solar.

Free Custom Solar Assessments

As Congress Commits Billions, It's Time to Switch to Residential Solar

Are you interested in going solar? The first thing you need to do is figure out what local, state, and federal government grants and tax incentives are available to you. Next, you need to determine how much sunlight your home gets, which determines how much solar power you can capture with a photovoltaic power system. And it depends on where you live, not to mention the positioning and architectural features of your home.

Once you have it all figured out, the next step is to assess how your solar power investment would be affected by your local power company’s rates and policies. For example, does your electricity company charge flat rates all the time or are the rates higher during peak hours? Do they charge higher or lower rates based on your usage? Does it allow net metering, which allows you to sell the extra electricity you produce back to the public grid? And what are the projected rates over the next 10 or 15 years? The answers to these questions will determine how much or how much money a solar power system can generate over its lifetime.

If this all sounds complicated, that’s because it is. Fortunately, Understand Solar can help. And it’s 100% free.

Understand Solar is a third-party solar advocate that educates consumers, provides free solar estimates, and connects homeowners with local installers. All you have to do is fill out their simple online form and provide a few details about your home. An Understand Solar expert will then contact you and review your assessment, answering any questions you may have. However, no commitment is required.

After speaking with your Understand Solar representative, you may learn that solar power is not for you. Maybe your home doesn’t get enough direct sunlight, or maybe you live in a state where laws and regulations are prohibitive because oil and coal create too many jobs. Again, your Understanding Solar Energy assessment could reveal that solar power is one of the smartest investments you can make.

Don’t miss an exceptional investment

As Congress Commits Billions, It's Time to Switch to Residential Solar

When most people think of going solar, the first thing that comes to mind is eliminating their electric bill. However, that’s not really what makes solar a great investment. In most cases, the money you save on your electric bill will only offset the cost of financing your installation.

Where most people can make money from a solar energy investment is in the long term. In general, homes with solar power systems sell faster and at higher prices than homes without. A recent study found that solar power systems add about 4.1% to the value of an average home, while another found buyers are generally willing to pay $15,000 more for a home. equipped with solar panels.

Of course, these are all averages using data collected from different regions. But the basic idea is the same in most parts of the country. Solar panels are a very good long-term investment. And now that the federal government has committed $80 billion to progressive energy policies, the value that solar power adds to your home will only increase.

So don’t wait another day. If you want to do your part to stop climate change and invest in your future at the same time, click here and get your free personalized solar assessment from Understand Solar today.

Governor Lamont Announces Release of GreenerGov CT’s 2022 Progress Report and Celebrates Outstanding Champions and Projects at Ceremony

0

Press Releases

04/19/2022

Governor Lamont Announces Release of GreenerGov CT’s 2022 Progress Report and Celebrates Outstanding Champions and Projects at Ceremony

State Agencies Continue to Lead by Example in Implementing Low-Cost Sustainability Initiatives

(HARTFORD, CT) – Governor Ned Lamont today announced the release of the GreenerGov CT 2022 Progress Reportdetailing progress made in making government operations more environmentally sustainable, and celebrated outstanding champions and projects within state agencies and entities at the GreenerGov Awards Ceremony.

The Governor’s Executive Order No. 1signed in 2019, called on agencies to recommit to — and expand — the state’s Lead by Example program to reduce energy use, water, waste, and greenhouse gas emissions. greenhouse while reducing operating costs for state government facilities and operations.

Despite the challenges of navigating the COVID-19 pandemic, Connecticut state agencies through the GreenerGov CT initiative have continued to make great strides that have saved energy, water and money, laying the groundwork for rolling out future sustainability-focused projects and better positioning state agencies to achieve the goals set out for them in Executive Order – reduce greenhouse gas emissions by 45% from 2001 levels; reduce waste disposal by 25% compared to 2020; reduce water consumption by 10% compared to 2020; and set additional sub-targets by 2030.

The report follows the release of Governor Lamont’s radical climate Executive Decree No. 21-3 which sets eight new sub-goals for state agencies to meet regarding clean electricity supply, organic and food waste diversion, electric vehicle deployment, and more.

“My first executive order was a key first step in showing that the state government can lead by example in our efforts to alleviate the climate crisis,” Governor Lamont said. “Executive Order 21-3 is an important next step in consolidating the roadmap for the various sectors of state government to decarbonize, streamline, and continue this progress. This initiative demonstrates what can be accomplished when those united by a common goal work together. I am so proud of the efforts of sustainability leaders and champions in 40 state agencies. Congratulations to today’s winners, and I look forward to celebrating continued progress as more projects come online. »

Highlights of the report include:

  • Executive branch agencies are 40% of the way to the Executive Order No. 1 greenhouse gas emissions reduction target. As of FY 2019, greenhouse gas emissions from consumption Executive Buildings energy consumption has fallen 14% since FY2019.
  • Executive Branch water use is 70% of the way to the Executive Order No. 1 water use reduction goal. Since FY19, water use has decreased by 7%.
  • Utilities expenses related to executive branch operations fell 15% from $15,661,546 since fiscal 2019. The state’s centralized collection of hundreds of thousands of utility bills from all operations and state facilities to share expenditures and impacts on water, energy, fuel and emissions in a public environment. Data Dashboard.
  • Contracts have been secured for pilot projects at a dozen public facilities to house more than 24 MW of new solar capacity, equivalent to the annual energy consumption of more than 170 homes.
  • The Department of Transportation has completed the installation of more than 50 new publicly accessible sockets and outlets for electric vehicle drivers to charge and added 26 new conservation areas to road allowances, adding to a total of 180 acres corridors favorable to pollinators. .
  • Gasoline consumption in state vehicles has dropped 18% since fiscal year 2019 thanks to the reduction in miles traveled and the installation of new GPS telematics equipment on more than 90% of the fleet of state to help identify operational fuel savings and candidates for transitioning vehicles to electric vehicles.

GreenerGov CT is made up of leaders from the Connecticut Office of Policy and Management (OPM), the Department of Administrative Services (DAS), and the Department of Energy and Environmental Protection (DEEP), with sustainability officers appointed by each executive agency.

“Despite the challenges posed by the pandemic over the past two years, state agency personnel have risen to the challenge of resource conservation, implementing projects that reduce environmental impact and save money. taxpayers”, DEEP Commissioner Katie Dykes said. “This initiative, reinforced by Executive Decree No. 21-3, is delivering results in many areas, including reducing greenhouse gas emissions; reduction in electricity, gas and water consumption; increase in solar capacity; and many more to come, such as organic waste diversion and expansion of electric vehicle charging infrastructure. On a small but mighty scale, this initiative is a model of many initiatives we are working on around the state and must continue to build on. »

“DAS is deeply committed to achieving Governor Lamont’s environmental and sustainability goals, and looks forward to continuing our partnership with DEEP, OPM, and other state agencies to support our shared mission,” DAS Commissioner Michelle Gilman said. “Congratulations to our DAS team for this well-deserved recognition given their efforts to create change, including applying green procurement standards, making smart investments in fleet utilization and maximizing fleet solutions. energy saving.”

“OPM is proud of GreenerGov CT’s progress, particularly the recent step toward integrating sustainability into state building decisions with $28 million in bond funding allocated to energy efficiency projects identified by audit”, OPM Secretary Jeffrey Beckham said.

2022 GreenerGov CT Award winners include:

  • Agency ChangeMaker Award (Recognizes individuals who strive to transform their state agency to generate significant and measurable improvements in environmental benefits, energy and water conservation, or waste management. )
    • Stephen McGirr, Department of Administrative Services: Leadership Efforts on State Fleet Optimization and Electrification
    • Frederick Krauth, Ministry of Transport: Leadership efforts on sustainability projects
  • Innovation Award (Special award recognizing outstanding innovation in sustainability in the public sector.)
    • Rick Hanley, Department of Transportation, Retired: Spearheading electrification initiatives
    • Suzanne Huminski and Heather Stearns, Southern Connecticut State University: Teaching innovation through internships in sustainable development
  • Impactful Project Award (Recognizes state projects that have generated significant and measurable improvements in environmental conservation, energy and water, or waste management.)
    • Suzanne Huminski, Eric Lessne, Keith Epstein, Heather Stearns: For Embedding Sustainability for High Impact at Connecticut State Colleges and Universities and Southern Connecticut University
    • Michael Barrera, Kirsten Rigney, Bob Snook, Jaime Hays, Joseph Suchecki, Gary Gerstenlauer, Steve Link: Paving the way for 25 MW of solar PV at state facilities
    • Nicholas Ross: Leadership Efforts on Energy Audit of State Facilities
    • CT Green Bank, Andrew Norton, Stephen McGirr, Allan Peterson, Rick Hanley, John Getsie, Steven Hecimovich, Jen Loo, Paul Kritzler, Gerald Mallison, Rick Rosa, Suzanne Huminski, Robert Dollak, Paul Farrell, Patrick Caron, Kevin Boughan, Matt Macunas, Jennifer Reilly: Team efforts Clean and efficient transport

For more information about GreenerGov CT, visit portal.ct.gov/greenergov.

Twitter: @GouvNedLamont

Facebook: Office of Governor Ned Lamont


Hydraulic Workover Units Consumption Market Size, Share, Forecast 2022-2029 | Key Players – Halliburton Company, Key Energy Services, Nabors Industries, Superior Energy Services

0

New Jersey, United States,- The research study on the Global Hydraulic Reconditioning Units Consumption Market provides you detailed and accurate analysis which can help you to strengthen your position in the market. It provides the latest updates and significant insights into the Hydraulic Reconditioning Units Consumption industry, so that you can improve your business tactics and ensure strong revenue growth in the years to come. It sheds light on the current and future market scenarios and helps you to know the competitive dynamics of the global Hydraulic Reconditioning Units consumption market. The market segmentation analysis offered in the research study shows the performance of different product segments, applications, and regions in the global Hydraulic Workover Units consumption market.

The report includes verified and revalidated market figures such as CAGR, ratio, revenue, price, production rate, volume, value, market share, and annual growth. We have utilized the latest primary as well as secondary research techniques to deliver this comprehensive report on the Global Hydraulic Workover Units Consumption Market. As part of the regional analysis, we looked at key markets like North America, Europe, India, China, Japan, MEA et al. Leading companies are profiled based on various factors including markets served, production, sales, market share, recent developments, and ratio. there is a special area for market dynamics in which drivers, limitations, opportunities, influencing factors, challenges, and trends are thoroughly analyzed.

Get | Download Sample Copy with TOC, Charts and List of Figures @ https://www.marketresearchintellect.com/download-sample/?rid=404953

Our report contains current and latest market trends, company market shares, market forecasts, competition benchmarking, competition mapping and an in-depth analysis of the most important sustainability tactics and their impact on market growth and competition. To estimate the quantitative aspects and segment the global Hydraulic Workover Units consumption market, we have used a recommended combination of top-down and bottom-up approaches. We have examined the global hydraulic reconditioning units consumption market from three key angles through data triangulation. Our iterative and comprehensive research methodology helps us deliver the most accurate market forecasts and estimates with minimal errors.

Major Players Covered in Hydraulic Workover Units Consumption Markets:

  • Halliburton Company
  • Key energy services
  • Nabors Industries
  • Superior energy services
  • Archer Limited
  • Basic energy services
  • CEEM FZE
  • Cudd Energy Services
  • Energy Services in the High Arctic
  • precision drilling company
  • UMW Oil & Gas Corporation Berhad

Hydraulic Reconditioning Units Consumption Market Split By Type:

  • Skid Workover Rigs
  • Trailer Mounted Workover Platforms

Hydraulic Reconditioning Units Consumption Market Split By Application:

  • Skid Workover Rigs
  • Trailer Mounted Workover Platforms

As part of our quantitative analysis, we have provided regional market forecast by type and application, market forecast and sales estimate by type, application and region by 2030, and sales forecast and estimate and production for Hydraulic Workover Units consumption by 2030. Qualitative analysis, we focused on policy and regulatory scenarios, component benchmarking, technology landscape, important market topics as well as the landscape and industry trends.

We also focused on technological advance, profitability, company size, company valuation against industry and product and application analysis against market growth and market share.

Get | Discount on the purchase of this report @ https://www.marketresearchintellect.com/ask-for-discount/?rid=404953

Scope of the Hydraulic Reconditioning Units Consumption Market Report

Report attribute Details
Market size available for years 2022 – 2030
Base year considered 2021
Historical data 2018 – 2021
Forecast period 2022 – 2030
Quantitative units Revenue in USD Million and CAGR from 2022 to 2030
Segments Covered Types, applications, end users, and more.
Report cover Revenue Forecast, Business Ranking, Competitive Landscape, Growth Factors and Trends
Regional scope North America, Europe, Asia-Pacific, Latin America, Middle East and Africa
Scope of customization Free report customization (equivalent to up to 8 analyst business days) with purchase. Added or changed country, region and segment scope.
Pricing and purchase options Take advantage of personalized purchasing options to meet your exact research needs. Explore purchase options

Regional Market Analysis The consumption of Hydraulic Workover Units can be represented as follows:

This part of the report assesses key regional and country-level markets on the basis of market size by type and application, key players, and market forecast.

Based on geography, the global hydraulic reconditioning units consumption market has been segmented as follows:

    • North America includes the United States, Canada and Mexico
    • Europe includes Germany, France, UK, Italy, Spain
    • South America includes Colombia, Argentina, Nigeria and Chile
    • Asia Pacific includes Japan, China, Korea, India, Saudi Arabia and Southeast Asia

For more information or query or customization before buying, visit @ https://www.marketresearchintellect.com/product/global-hydraulic-workover-units-consumption-market-size-and-forecast/

About Us: Market Research Intellect

Market Research Intellect provides syndicated and customized research reports to clients from various industries and organizations, in addition to the goal of providing customized and in-depth research studies. range of industries including energy, technology, manufacturing and construction, chemicals and materials, food and beverage. Etc. Our research studies help our clients to make decisions based on higher data, to admit deep forecasts, to grossly capitalize with opportunities and to optimize efficiency by activating as their belt in crime to adopt a mention precise and essential without compromise. clients, we have provided expert behavior assertion research facilities to more than 100 Global Fortune 500 companies such as Amazon, Dell, IBM, Shell, Exxon Mobil, General Electric, Siemens, Microsoft, Sony and Hitachi.

Contact us:
Mr. Edwyne Fernandes
USA: +1 (650)-781-4080
UK: +44 (753)-715-0008
APAC: +61 (488)-85-9400
US toll free: +1 (800)-782-1768

Website: –https://www.marketresearchintellect.com/

Binances’ JV with Billionaire Sarath Ratanavadi’s Gulf Energy to Apply for Thailand Digital Exchange License

0

Binance, the world’s largest cryptocurrency exchange, has formed a joint venture with billionaire Sarath Ratanavadi’s Gulf Energy Development and will seek a license to operate a digital asset exchange in Thailand.

The partnership, which was first announced in January, comes amid growing demand for cryptocurrencies and other digital assets in the Southeast Asian country. In addition to the joint venture in Thailand, Gulf Energy said it has separately agreed to invest in BNB (often referred to as Binance Coin), an exchange-issued cryptocurrency that allows users to access public services via its blockchain, as well than an investment in the preferred stock of the US subsidiary of Binance which operates as Binance.US.

“The Company believes that this multi-level cooperation with Binance, which is the global leader in blockchain infrastructure technology, is aligned with the Company’s goal of being the leader in digital infrastructure while providing the new opportunities to expand into other digital asset-related initiatives in the future,” Gulf Energy said in a regulatory filing on the Stock Exchange of Thailand on Monday.

Gulf Energy, one of Thailand’s largest power producers, has diversified its portfolio with investments in renewable energy, toll road projects and telecommunications. In October, the company struck a deal with Singaporean telecommunications giant Singtel to develop a data center business in Thailand. It came months after Gulf Energy acquired more shares of Intouch Holdings, which owns Thailand’s largest mobile operator.

Binance, which was founded in 2017 by billionaire Changpeng Zhao, who goes by the name CZ, and his co-founder He Yi, is expanding in Thailand as regulators step up scrutiny of the fledgling industry. The country’s central bank said in December that it was considering rules that would regulate the use of cryptocurrencies as a means of payment, a move likely aimed at controlling the risks that digital assets could bring to financial stability and provide also guarantees to investors.

The crypto giant has previously run into trouble with Thailand’s Securities and Exchange Commission, which filed a criminal complaint in July against the company for operating without a license. The offense is punishable by two to five years in prison and a fine of up to 500,000 baht ($14,854). Binance said earlier that the platform has not actively solicited users in Thailand.

Binance has expanded its presence in the Middle East after recently securing separate licenses in Abu Dhani, Bahrain, and Dubai. (Disclosure: Binance recently announced a strategic investment in Forbes.)