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Vietnam Retail Market to Expand by USD 226.4 Billion (2024-2028), Driven by Rising Demand for Convenience Foods, AI Driving Market Transformation - TechnavioPregnant Jennifer Lawrence is glowing in stunning red carpet appearance
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GREEN BAY, Wis. (AP) — After losing to San Francisco in the playoffs three of the last five seasons, the Green Bay Packers wouldn’t mind seeing the 49ers get left out of the postseason entirely. The Packers (7-3) could damage San Francisco’s playoff hopes Sunday by beating the 49ers at Lambeau Field. San Francisco (5-5) dropped to .500 after losing at home to the Seattle Seahawks, though the 49ers remain just a game behind the Arizona Cardinals in the NFC West. “I think we’re motivated to keep winning more than anything,” Packers center Josh Myers said. “Obviously, they have knocked us out quite a bit. There’s that extra motivation behind it, but at this point, we’re just trying to churn out wins.” The 49ers will be playing this game without starting quarterback Brock Purdy, who injured his right shoulder in the Seahawks game. Although an MRI showed no structural damage, Purdy's shoulder didn't improve as the week wore on. Brandon Allen will start in Purdy's place. Green Bay is third in the NFC North and two games behind the Detroit Lions, but the Packers appear on track to at least earn a wild-card playoff berth. History suggests their path to a potential Super Bowl would get much clearer if the 49ers aren’t standing in their way. The 49ers trailed 21-14 in the fourth quarter before rallying to beat the Packers 24-21 in the divisional playoffs last year on Christian McCaffrey’s 6-yard touchdown run with 1:07 left. Now, it’s the 49ers who are struggling to protect late leads, as they’ve blown fourth-quarter advantages in three games against divisional opponents. “You could look at, ‘Hey, we’re three possessions away from being 8-2,’ but you can’t really live like that,” 49ers tight end George Kittle said. “Those are the mistakes that we’ve made to be 5-5. It’s not exactly where we want to be. It is frustrating. The nice thing is we have seven games left to go out there and play Niners football and take advantage of those opportunities.” Green Bay’s recent history of playoff frustration against the 49ers also includes a 13-10 loss at Lambeau Field in the 2021 divisional playoffs and a 37-20 road defeat in the 2019 NFC championship game. Even the Packers players who weren’t around for last season’s playoff loss realize what this game means. “I think one of the first meetings that I was in here, we had a conversation about the Niners beating us,” said Green Bay safety Xavier McKinney, who joined the Packers this season. “So I understand how important it is, and we all do.” Both teams must figure out how to convert red-zone opportunities into touchdowns. The 49ers are scoring touchdowns on just 48.8% of their drives inside an opponent’s 20-yard line to rank 27th in the NFL. The Packers are slightly worse in that regard, scoring touchdowns on 48.7% of their red-zone possessions to rank 28th. In their 20-19 victory at Chicago on Sunday, Green Bay drove to the Bears 5 without scoring on two separate series. Purdy isn't the only notable player who won't be participating in Sunday's game. San Francisco won't have four-time Pro Bowl edge rusher Nick Bosa available after he hurt his left hip and oblique against the Seahawks. Packers cornerback Jaire Alexander (knee) and linebacker Edgerrin Cooper (hamstring) also have been ruled out. Kittle expects to play for the 49ers on Sunday after missing the Seahawks game with a hamstring injury. 49ers left tackle Trent Williams (ankle) is questionable. Green Bay’s defense feasted on turnovers the first part of the season, but hasn’t been as effective in getting those takeaways lately. The Packers have 19 takeaways – already exceeding their 2023 total – but haven’t forced any turnovers in their last two games. 49ers coach Kyle Shanahan hasn’t eased McCaffrey back into the lineup in his return after missing the first eight games with Achilles tendinitis. McCaffrey has played 91% of the 49ers’ offensive snaps the past two weeks. Jordan Mason, who rushed for 685 yards during McCaffrey’s absence, has just five snaps on offense the last two games. Shanahan said he’d like to get Mason more opportunities, but it’s hard to take McCaffrey off the field. Green Bay nearly lost to the Bears because of its third-down struggles on both sides of the ball. The Packers were 1 of 5 on third-down opportunities, while the Bears went 9 of 16. The Packers’ defense could have a tough time correcting that problem against San Francisco, which has converted 45.4% of its third-down situations to rank fourth in the league. AP Pro Football Writer Josh Dubow contributed to this report. AP NFL: https://apnews.com/hub/NFLAvalanche, Hurricanes hunting better consistencyWASHINGTON — Jimmy Carter lived longer than any other U.S. president in history and was the first of any of them to turn 100 years old. Carter served as the 39th President of the United States from 1977 to 1981. With his passing , the person that's now the oldest living president — current or former — resides in the White House. Who are the oldest living presidents? President Joe Biden turned 82 last month, further cementing his status as the oldest serving U.S. president. But it's a record that Donald Trump could break in a few years. President-elect Trump will become the oldest person ever sworn into office on Jan. 20, 2025. That's a milestone previously held by Biden when he was sworn in at age 78 back in 2021. On Inauguration Day , Trump will be six months from his 79th birthday. When Biden's presidency ends on Jan. 20, 2025, he will be 82 years and 2 months (or 30,012 days) old. Trump would break that record of being the oldest U.S. president toward the end of his second term on Aug. 15, 2028. We're a ways away from any other living U.S. president even coming close to Carter's record. Biden wouldn't celebrate his 100th birthday until Nov. 20, 2042. How many former U.S. presidents are still alive? After Biden and Trump, the next oldest living presidents are George W. Bush (78), Bill Clinton (78) and Barack Obama (63). How old is Bill Clinton? Bill Clinton, the 42nd U.S. President, is 78 years old (Aug. 19, 1946) How old is George W. Bush? George W. Bush, the 43rd U.S. President, is 78 years old (July 6, 1946) How old is Barack Obama? Barack Obama, the 44th U.S. President, is 63 years old (Aug. 4, 1961) How old is Donald Trump? Donald Trump, the 45th and soon-to-be 47th U.S. President, is 78 years old (June 14, 1946)Timberwolves push back start time vs. Spurs because of issue with game court
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Global Alternative Tourism Market Set For 3.9% Growth, Reaching $110.37 Billion By 2028
Timberwolves push back start time vs. Spurs because of issue with game court
NEW YORK , Nov. 25, 2024 /PRNewswire/ -- The global home services market size is estimated to grow by USD 6.54 trillion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 40.34% during the forecast period. Increasing influence of digital media is driving market growth, with a trend towards increasing number of startups entering the market. However, high competition among vendors poses a challenge. Key market players include Amazon.com Inc., Angi Inc., AskforTask Inc., Frontdoor Inc., Gapoon Online Consumer Services Pvt. Ltd., Helpling GmbH and Co. KGA, Home Depot Inc., Home Reno Pte. Ltd., Johns Lyng Group Ltd., MyClean Inc., Oneflare Pty Ltd., Paintzen Inc., Porch.com Inc., SC Pointer Systems Srl, Super Home Inc., TaskEasy Inc., Taskrabbit Inc., The ServiceMaster Co. LLC, Urbanclap Technologies India Pvt. Ltd., and Zauba Technologies and Data Services Pvt. Ltd, Amazon Home Services, American Home Shield, TruGreen Limited, Chemed Corp, The Maids International, Inc. Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View Free Sample PDF Home Services Market Scope Report Coverage Details Base year 2023 Historic period - Forecast period 2024-2028 Growth momentum & CAGR Accelerate at a CAGR of 40.34% Market growth 2024-2028 USD 6541.8 billion Market structure Fragmented YoY growth 2022-2023 (%) 28.93 Regional analysis APAC, North America, Europe, South America, and Middle East and Africa Performing market contribution APAC at 47% Key countries US, China, Germany, India, and UK, Canada, France, Australia, Japan, South Korea Key companies profiled Amazon.com Inc., Angi Inc., AskforTask Inc., Frontdoor Inc., Gapoon Online Consumer Services Pvt. Ltd., Helpling GmbH and Co. KGA, Home Depot Inc., Home Reno Pte. Ltd., Johns Lyng Group Ltd., MyClean Inc., Oneflare Pty Ltd., Paintzen Inc., Porch.com Inc., SC Pointer Systems Srl, Super Home Inc., TaskEasy Inc., Taskrabbit Inc., The ServiceMaster Co. LLC, Urbanclap Technologies India Pvt. Ltd., and Zauba Technologies and Data Services Pvt. Ltd., Amazon Home Services, American Home Shield, TruGreen Limited, Chemed Corp, The Maids International, Inc. Market Driver The home services market is experiencing significant growth due to an increase in seed funding for startups. For instance, Urban Company and Housejoy, both tech-enabled home services marketplaces, have raised substantial investments in recent years. Urban Company secured Series F funding of USD255 million in June 2021 , while Housejoy raised USD35 million in 2020. These funds are being used to expand their business operations. Startups are attracting consumers with attractive offers and interactive platforms. Airtasker, Askfortask, and Housejoy are some startups offering general services, connecting consumers to service providers for short-term, non-professional projects. Handy, Helpling, and MyClean are examples of startups providing on-demand home cleaning services through online booking. Houzz Inc., The Porch Company, and Pro.com help consumers connect with professional contractors for various household improvement projects. The rise in the number of startups is a major factor driving the growth of the home services market. These companies are offering innovative solutions, making it more convenient for consumers to access home services. The availability of a wide range of services under different categories is also contributing to the market's growth. Overall, the home services market is expected to continue growing due to the increasing number of startups and the investments they are receiving. Home services market is witnessing significant trends with the rise of virtual versions of physical entities on platforms like Microsoft Azure. This includes maintenance, repair, and improvement activities for homes, covering cleaning, landscaping, plumbing, electrical work, remodeling, and more. Homeowners, renters, and property managers prioritize safety, comfort, aesthetic appeal, and energy efficiency. Ageing housing stock and DIY trends call for technological disruptions, regulatory difficulties, labour shortages, and price wars. Seasonal variations impact demand for services like plumbing, electrical repairs, HVAC maintenance, appliance repairs, home improvement, renovations and remodeling, carpentry and woodworking, and cleaning services. Environmental considerations are a growing concern, with eco-friendly practices and energy-efficient solutions gaining popularity. Request Sample of our comprehensive report now to stay ahead in the AI-driven market evolution! Market Challenges Discover how AI is revolutionizing market trends- Get your access now! Segment Overview This home services market report extensively covers market segmentation by 1.1 Home care and design- The home care and design segment generates revenue through services including interior designing, pest control, deep cleaning, sofa cleaning, laundry services, glasswork, woodwork, waterproofing, masonry, and carpentry. This market is fragmented with numerous small and large players offering various home care and design services. For instance, TaskRabbit Inc. Provides house cleaning and furniture assembly, Helpling offers cleaning and furniture assembly in multiple cities, Cleanly specializes in laundry and dry-cleaning, and Serviz offers a wide range of cleaning services. Amazon also entered the market with offerings in deep cleaning, carpet cleaning, tile cleaning, grout cleaning, and gutter cleaning. The market's growth is driven by an increasing number of vendors and their business expansions in the segment. Download a Sample of our comprehensive report today to discover how AI-driven innovations are reshaping competitive dynamics Research Analysis The Home Services Market is experiencing significant growth in the digital age, with the rise of online platforms and cloud-based solutions transforming the industry. Services such as home cleaning, landscaping, maintenance, repair, and improvement activities are now easily accessible through non-cellular and m-commerce platforms. The Internet and digitalization have made it possible for consumers to book appointments, track progress, and manage their homes more efficiently. Homeowners can now avail of services like plumbing, electrical work, and remodeling through e-commerce platforms, offering convenience and transparency. Companies have embraced cloud-based solutions like Microsoft Azure to offer virtual versions of their services, allowing for remote consultations and virtual assessments. The physical entity of home services is being complemented by these digital offerings, providing a more comprehensive and convenient experience for consumers. Services like Ginger, One Medical, and Zimmber, among others, are leading the charge in this digital transformation. They cater to various needs, from health and welfare to home cleaning and maintenance. Timesaverz and similar platforms are making it easier for homeowners to manage their homes and schedules, while healthcare providers are leveraging technology to offer telemedicine and remote consultations. The future of home services is a blend of physical and digital offerings, providing consumers with greater convenience, accessibility, and value. Market Research Overview The Home Services Market is a dynamic and growing industry that caters to various needs of homeowners, renters, and property managers. This market includes a wide range of services such as home cleaning, landscaping, plumbing, electrical work, remodeling, and maintenance activities. With the increasing trend of digitalization and e-commerce, the market has seen the emergence of mobile and m-commerce platforms, cloud-based solutions, and virtual versions of physical entities. Non-cellular devices like smartphones have become essential tools for booking appointments and managing services online. The market serves diverse customer segments, including homeowners, renters, and property managers, who seek to ensure safety, comfort, aesthetic appeal, and maintenance of their homes. The Ageing Housing Stock and DIY trends present opportunities for growth, while regulatory difficulties, labour shortages, and technological disruptions pose challenges. Environmental considerations and price wars are also significant factors influencing the market. Services offered include plumbing, electrical repairs, HVAC maintenance, appliance repairs, home improvement, renovations and remodeling, carpentry and woodworking, and various cleaning services such as house cleaning, carpet cleaning, window cleaning, and gutter cleaning. Table of Contents: 1 Executive Summary 2 Market Landscape 3 Market Sizing 4 Historic Market Size 5 Five Forces Analysis 6 Market Segmentation 7 Customer Landscape 8 Geographic Landscape 9 Drivers, Challenges, and Trends 10 Company Landscape 11 Company Analysis 12 Appendix About Technavio Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Contacts Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: media@technavio.com Website: www.technavio.com/ View original content to download multimedia: https://www.prnewswire.com/news-releases/home-services-market-size-is-set-to-grow-by-usd-6-54-trillion-from-2024-2028--increasing-influence-of-digital-media-boost-the-market--technavio-302314928.html SOURCE TechnavioNoneCALGARY, Alberta, Dec. 05, 2024 (GLOBE NEWSWIRE) -- Athabasca Oil Corporation (TSX: ATH) (“Athabasca” or the “Company”) is pleased to announce its 2025 budget with capital projects that will balance cash flow growth while continuing to deliver a durable return of capital framework that will direct 100% of Free Cash Flow to share buybacks in 2025. Corporate Consolidated Strategy and Outlook Value Creation Strategy. Athabasca provides a differentiated liquids-weighted growth platform through its low-decline, long-life Thermal Oil assets. Athabasca’s subsidiary company, Duvernay Energy Corporation (“DEC”), is designed to enhance value for Athabasca’s shareholders by providing a clear path for self-funded production and cash flow growth in the Kaybob Duvernay resource play. Athabasca (Thermal Oil) and DEC have independent strategies and capital allocation frameworks. The primary strategic objective is to generate top-tier cash flow per share growth over the long term. 2025 Consolidated Budget. Athabasca is planning capital expenditures of ~$335 million with average production of 37,500 – 39,500 boe/d (98% Liquids) and an exit rate of ~41,000 boe/d. Growth in production comes from the expansion plans at Leismer and development of the Duvernay assets. Cash Flow Per Share Growth . The Company forecasts consolidated Adjusted Funds Flow between $525 – $550 million 1 . Every +US$1/bbl move in West Texas Intermediate (“WTI”) and Western Canadian Select (“WCS”) heavy oil impacts annual Adjusted Funds Flow by ~$10 million and ~$17 million, respectively. Athabasca forecasts generating ~$1.8 billion of Free Cash Flow 1 from its Thermal Oil assets over five years (2025-29), representing ~65% of its current equity market capitalization. Investing in attractive capital projects and prioritizing share buybacks results in ~20% compounded annual cash flow per share 2 growth through this forecast period. Financial Resiliency. Athabasca maintains a strong and differentiated balance sheet with a $135 million consolidated Net Cash position, including ~$335 million of cash. DEC has no debt and operates within its annual Adjusted Funds Flow and its balance sheet. Athabasca (Thermal Oil) also has $2.4 billion in tax pools, including $1.9 billion of immediately deductible non-capital loses and exploration pools, sheltering cash taxes until beyond 2030. Athabasca (Thermal Oil) – 2025 Budget Highlights Capital Program . The Thermal Oil budget is ~$250 million with activity focused primarily on advancing progressive growth to 40,000 bbl/d at Leismer by the end of 2027. The program at Leismer will include the tie-in of six redrills and four new sustaining well pairs on Pad 10 early in 2025, additional development at Pad 10 and 11, and continued facility expansion work. At Hangingstone two new extended reach sustaining well pairs (~1,400 meter average laterals) will be on stream in Q1 2025 and are expected to maintain annual production. The Budget includes routine maintenance at both assets. Production Growth . Annual Thermal Oil production guidance is 33,500 – 35,500 bbl/d. Leismer is expected to achieve 40,000 bbl/d by the end of 2027 at an attractive capital efficiency of ~$25,000/bbl/d. Hangingstone production will be maintained by utilizing existing plant capacity, resulting in capital efficiencies of ~$15,000/bbl/d. The Company has ~1.2 billion barrels of Proved plus Probable reserves and ~1 billion of Contingent Resource. These Thermal Oil assets underpin decades of reserve life with estimated sustaining capital investment of ~C$8/bbl (five-year annual average) to hold production flat. Robust Free Cash Flow. During the five-year time frame (2025-29), Athabasca (Thermal Oil) forecasts generating $1.8 billion in Free Cash Flow 1 , representing ~65% of its current equity market capitalization. Competitive and Resilient Break-evens. Thermal Oil is competitively positioned with sustaining capital to hold production flat funded within cash flow below US$50/bbl WTI 1 and growth initiatives fully funded within cash flow below US$60/bbl WTI 1 . The Company’s operating break-even is estimated at ~US$40/bbl WTI 1 . Exposure to Strong Heavy Oil Pricing. With the start-up of the Trans Mountain pipeline expansion in May, spare pipeline capacity is driving tighter and less volatile WCS heavy differentials. Regional liquids pricing benchmarks have also been supported by a depreciating Canadian currency relative to the United States. Every +US$1/bbl move in West Texas Intermediate (“WTI”) and WCS heavy oil impacts annual Adjusted Funds Flow by ~$10 million and ~$17 million, respectively. Pre-payout Thermal Oil Differentiation. Strong margins and Free Cash Flow are supported by a Thermal Oil pre-payout Crown royalty structure, with royalty rates between 5 – 9% anticipated to last to the end of 2027 at Leismer and beyond 2030 at Hangingstone. Duvernay Energy Corporation – 2025 Budget Highlights Capital Program. The DEC budget is ~$85 million with activity including the completion of a 100% working interest (“WI”) three-well pad that was drilled in 2024 and the drilling and completion of a 30% WI multi-well pad. Activity will also include spudding two additional multi-well pads in H2 2025 (one operated 100% WI pad and one 30% WI pad) with completions to follow in 2026. DEC is also constructing strategic water and egress expansions on its operated assets. High Netback Production. Annual production guidance is ~4,000 boe/d (77% Liquids) with growth to ~5,500 boe/d by the end of 2025. The Kaybob Duvernay’s high liquid weighting supports strong margins with current type wells forecasted to payout in ~13 months 1 and further cost improvements are expected as the Company executes larger multi-well pad design. Growth Plans. Development will be self-funded within DEC through utilization of 100% of its annual Adjusted Funds Flow and its balance sheet. The Company has self-funded growth potential to in excess of ~20,000 boe/d (75% Liquids) by the late 2020s 1 . Return of Capital 100% of Free Cash Flow Directed to Share Buybacks. In 2025, the Company plans to maintain its commitment to return 100% of Thermal Oil Free Cash Flow to shareholders through share buybacks. In 2024, the Company has completed ~$280 million in share buybacks to the end of November. Share buybacks were initiated in April 2023 and have totaled ~$440 million to date. Focus on Per Share Metrics: A steadfast commitment to cash flow growth and return of capital has driven a 108 million share reduction (~17%) in the Company’s fully diluted share count since March 31, 2023. The Company has realized ~100% cash flow per share growth since 2022 and the corporate strategy is to continue to generate top tier cash flow per share growth over the long term. Footnote: Refer to the “Reader Advisory” section within this news release for additional information on Non‐GAAP Financial Measures (e .g. Adjusted Funds Flow, Free Cash Flow, Sustaining Capital, Net Cash ) and production disclosure. 1 Pricing Assumptions: 2025: US$70 WTI, US$12.50 WCS heavy differential, C$2 AECO, and 0.725 C$/US$ FX. 2026+: US$70 WTI, US$12.50 WCS heavy differential, C$3 AECO, and 0.725 C$/US$ FX. 2 The Company’s illustrative multi-year outlook assumes a 10% annual share buyback program at an implied share price of 4.5x Enterprise Value/Debt Adjusted Cash Flow in 2026 and beyond. About Athabasca Oil Corporation Athabasca Oil Corporation is a Canadian energy company with a focused strategy on the development of thermal and light oil assets. Situated in Alberta’s Western Canadian Sedimentary Basin, the Company has amassed a significant land base of extensive, high quality resources. Athabasca’s light oil assets are held in a private subsidiary (Duvernay Energy Corporation) in which Athabasca owns a 70% equity interest. Athabasca’s common shares trade on the TSX under the symbol “ATH”. For more information, visit www.atha.com . Reader Advisory: This News Release contains forward-looking information that involves various risks, uncertainties and other factors. All information other than statements of historical fact is forward-looking information. The use of any of the words “anticipate”, “plan”, “project”, “continue”, “maintain”, “may”, “estimate”, “expect”, “will”, “target”, “forecast”, “could”, “intend”, “potential”, “guidance”, “outlook” and similar expressions suggesting future outcome are intended to identify forward-looking information. The forward-looking information is not historical fact, but rather is based on the Company’s current plans, objectives, goals, strategies, estimates, assumptions and projections about the Company’s industry, business and future operating and financial results. This information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information. No assurance can be given that these expectations will prove to be correct and such forward-looking information included in this News Release should not be unduly relied upon. This information speaks only as of the date of this News Release. In particular, this News Release contains forward-looking information pertaining to, but not limited to, the following: our strategic plans; the allocation of future capital; timing and quantum for shareholder returns including share buybacks; the terms of our NCIB program; our drilling plans and capital efficiencies; production growth to expected production rates and estimated sustaining capital amounts; timing of Leismer’s and Hangingstone’s pre-payout royalty status; applicability of tax pools and the timing of tax payments; Adjusted Funds Flow and Free Cash Flow over various periods; type well economic metrics; number of drilling locations; forecasted daily production and the composition of production; our outlook in respect of the Company’s business environment, including in respect of the Trans Mountain pipeline expansion and heavy oil pricing; and other matters. In addition, information and statements in this News Release relating to "Reserves" and “Resources” are deemed to be forward-looking information, as they involve the implied assessment, based on certain estimates and assumptions, that the reserves and resources described exist in the quantities predicted or estimated, and that the reserves and resources described can be profitably produced in the future. With respect to forward-looking information contained in this News Release, assumptions have been made regarding, among other things: commodity prices; the regulatory framework governing royalties, taxes and environmental matters in the jurisdictions in which the Company conducts and will conduct business and the effects that such regulatory framework will have on the Company, including on the Company’s financial condition and results of operations; the Company’s financial and operational flexibility; the Company’s financial sustainability; Athabasca's cash flow break-even commodity price; the Company’s ability to obtain qualified staff and equipment in a timely and cost-efficient manner; the applicability of technologies for the recovery and production of the Company’s reserves and resources; future capital expenditures to be made by the Company; future sources of funding for the Company’s capital programs; the Company’s future debt levels; future production levels; the Company’s ability to obtain financing and/or enter into joint venture arrangements, on acceptable terms; operating costs; compliance of counterparties with the terms of contractual arrangements; impact of increasing competition globally; collection risk of outstanding accounts receivable from third parties; geological and engineering estimates in respect of the Company’s reserves and resources; recoverability of reserves and resources; the geography of the areas in which the Company is conducting exploration and development activities and the quality of its assets. Certain other assumptions related to the Company’s Reserves and Resources are contained in the report of McDaniel & Associates Consultants Ltd. (“McDaniel”) evaluating Athabasca’s Proved Reserves, Probable Reserves and Contingent Resources as at December 31, 2023 (which is respectively referred to herein as the "McDaniel Report”). Actual results could differ materially from those anticipated in this forward-looking information as a result of the risk factors set forth in the Company’s Annual Information Form (“AIF”) dated February 29, 2024 available on SEDAR at www.sedarplus.ca, including, but not limited to: weakness in the oil and gas industry; exploration, development and production risks; prices, markets and marketing; market conditions; climate change and carbon pricing risk; statutes and regulations regarding the environment including deceptive marketing provisions; regulatory environment and changes in applicable law; gathering and processing facilities, pipeline systems and rail; reputation and public perception of the oil and gas sector; environment, social and governance goals; political uncertainty; state of capital markets; ability to finance capital requirements; access to capital and insurance; abandonment and reclamation costs; changing demand for oil and natural gas products; anticipated benefits of acquisitions and dispositions; royalty regimes; foreign exchange rates and interest rates; reserves; hedging; operational dependence; operating costs; project risks; supply chain disruption; financial assurances; diluent supply; third party credit risk; indigenous claims; reliance on key personnel and operators; income tax; cybersecurity; advanced technologies; hydraulic fracturing; liability management; seasonality and weather conditions; unexpected events; internal controls; limitations and insurance; litigation; natural gas overlying bitumen resources; competition; chain of title and expiration of licenses and leases; breaches of confidentiality; new industry related activities or new geographical areas; water use restrictions and/or limited access to water; relationship with Duvernay Energy Corporation; management estimates and assumptions; third-party claims; conflicts of interest; inflation and cost management; credit ratings; growth management; impact of pandemics; ability of investors resident in the United States to enforce civil remedies in Canada; and risks related to our debt and securities. All subsequent forward-looking information, whether written or oral, attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these cautionary statements. Also included in this News Release are estimates of Athabasca's 2024 outlook which are based on the various assumptions as to production levels, commodity prices, currency exchange rates and other assumptions disclosed in this News Release. To the extent any such estimate constitutes a financial outlook, it was approved by management and the Board of Directors of Athabasca and is included to provide readers with an understanding of the Company’s outlook. Management does not have firm commitments for all of the costs, expenditures, prices or other financial assumptions used to prepare the financial outlook or assurance that such operating results will be achieved and, accordingly, the complete financial effects of all of those costs, expenditures, prices and operating results are not objectively determinable. The actual results of operations of the Company and the resulting financial results may vary from the amounts set forth herein, and such variations may be material. The outlook and forward-looking information contained in this New Release was made as of the date of this News release and the Company disclaims any intention or obligations to update or revise such outlook and/or forward-looking information, whether as a result of new information, future events or otherwise, unless required pursuant to applicable law. Oil and Gas Information “BOEs" may be misleading, particularly if used in isolation. A BOE conversion ratio of six thousand cubic feet of natural gas to one barrel of oil equivalent (6 Mcf: 1 bbl) is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. As the value ratio between natural gas and crude oil based on the current prices of natural gas and crude oil is significantly different from the energy equivalency of 6:1, utilizing a conversion on a 6:1 basis may be misleading as an indication of value. Initial Production Rates Test Results and Initial Production Rates: The well test results and initial production rates provided herein should be considered to be preliminary, except as otherwise indicated. Test results and initial production rates disclosed herein may not necessarily be indicative of long-term performance or of ultimate recovery. Reserves Information The McDaniel Report was prepared using the assumptions and methodology guidelines outlined in the COGE Handbook and in accordance with National Instrument 51-101 Standards of Disclosure for Oil and Gas Activities, effective December 31, 2023. There are numerous uncertainties inherent in estimating quantities of bitumen, light crude oil and medium crude oil, tight oil, conventional natural gas, shale gas and natural gas liquids reserves and the future cash flows attributed to such reserves. The reserve and associated cash flow information set forth above are estimates only. In general, estimates of economically recoverable reserves and the future net cash flows therefrom are based upon a number of variable factors and assumptions, such as historical production from the properties, production rates, ultimate reserve recovery, timing and amount of capital expenditures, marketability of oil and natural gas, royalty rates, the assumed effects of regulation by governmental agencies and future operating costs, all of which may vary materially. For those reasons, estimates of the economically recoverable reserves attributable to any particular group of properties, classification of such reserves based on risk of recovery and estimates of future net revenues associated with reserves prepared by different engineers, or by the same engineers at different times, may vary. The Company's actual production, revenues, taxes and development and operating expenditures with respect to its reserves will vary from estimates thereof and such variations could be material. Reserves figures described herein have been rounded to the nearest MMbbl or MMboe. For additional information regarding the consolidated reserves and information concerning the resources of the Company as evaluated by McDaniel in the McDaniel Report, please refer to the Company’s AIF. Reserve Values (i.e. Net Asset Value) is calculated using the estimated net present value of all future net revenue from our reserves, before income taxes discounted at 10%, as estimated by McDaniel effective December 31, 2023 and based on average pricing of McDaniel, Sproule and GLJ as of January 1, 2024. The 500 gross Duvernay drilling locations referenced include: 37 proved undeveloped locations and 76 probable undeveloped locations for a total of 113 booked locations with the balance being unbooked locations. Proved undeveloped locations and probable undeveloped locations are booked and derived from the Company's most recent independent reserves evaluation as prepared by McDaniel as of December 31, 2023 and account for drilling locations that have associated proved and/or probable reserves, as applicable. Unbooked locations are internal management estimates. Unbooked locations do not have attributed reserves or resources (including contingent or prospective). Unbooked locations have been identified by management as an estimation of Athabasca’s multi-year drilling activities expected to occur over the next two decades based on evaluation of applicable geologic, seismic, engineering, production and reserves information. There is no certainty that the Company will drill all unbooked drilling locations and if drilled there is no certainty that such locations will result in additional oil and gas reserves, resources or production. The drilling locations on which the Company will actually drill wells, including the number and timing thereof is ultimately dependent upon the availability of funding, commodity prices, provincial fiscal and royalty policies, costs, actual drilling results, additional reservoir information that is obtained and other factors. Non-GAAP and Other Financial Measures, and Production Disclosure The "Corporate Consolidated Adjusted Funds Flow", "Athabasca (Thermal Oil) Adjusted Funds Flow", "Duvernay Energy Adjusted Funds Flow", “Corporate Consolidated Free Cash Flow”, "Athabasca (Thermal Oil) Free Cash Flow" and "Duvernay Energy Free Cash Flow" financial measures contained in this News Release do not have standardized meanings which are prescribed by IFRS and they are considered to be non-GAAP financial measures or ratios. These measures may not be comparable to similar measures presented by other issuers and should not be considered in isolation with measures that are prepared in accordance with IFRS. Sustaining Capital and Net Cash are supplementary financial measures. The Leismer and Hangingstone operating results are supplementary financial measures that when aggregated, combine to the Athabasca (Thermal Oil) segment results. Adjusted Funds Flow and Free Cash Flow Adjusted Funds Flow and Free Cash Flow are non-GAAP financial measures and are not intended to represent cash flow from operating activities, net earnings or other measures of financial performance calculated in accordance with IFRS. The Adjusted Funds Flow and Free Cash Flow measures allow management and others to evaluate the Company’s ability to fund its capital programs and meet its ongoing financial obligations using cash flow internally generated from ongoing operating related activities. Sustaining Capital Sustaining Capital is managements' assumption of the required capital to maintain the Company’s production base. Net Cash Net Cash is defined as the face value of term debt, plus accounts payable and accrued liabilities, plus current portion of provisions and other liabilities plus income tax payable less current assets, excluding risk management contracts. Production volumes details This News Release also makes reference to Athabasca's forecasted average daily Thermal Oil production of 33,500 ‐ 35,500 bbl/d for 2025. Athabasca expects that 100% of that production will be comprised of bitumen. Duvernay Energy’s forecasted total average daily production of ~4,000 boe/d for 2025 is expected to be comprised of approximately 68% tight oil, 23% shale gas and 9% NGLs. Liquids is defined as bitumen, tight oil, light crude oil, medium crude oil and natural gas liquids. Break Even is an operating metric that calculates the US$WTI oil price required to fund operating costs (Operating Break-even), sustaining capital (Sustaining Break-even), or growth capital (Total Capital) within Adjusted Funds Flow. Enterprise Value to Debt Adjusted Cash Flow is a valuation metric calculated by dividing Enterprise Value (Market Capitalization plus Net Debt) divided by Cash Flow before interest costs.
SANTA CLARA — When Isaac Guerendo trots onto the field with the first team Sunday at Levi’s Stadium, he will equal the same number of starts he had in five years of college football. Hard to believe, but Guerendo started exactly one time, and it came in his final college game at Louisville. Against USC in the Holiday Bowl, Guerendo carried 23 times for 161 yards and three touchdowns and added five receptions in a 42-28 loss. In 40 other games at Wisconsin and Louisville, Guerendo played in a shared backfield –something he’s done with the 49ers this season behind Jordan Mason and Christian McCaffrey . With McCaffrey on injured reserve with a PCL strain and Mason to follow soon with a high ankle sprain, Guerendo should get his biggest workload since his last college game. “I’m excited, but really it’s whatever it takes to win,” Guerendo said Wednesday as the 49ers (5-7) began preparations to host the Bears (4-8). “Whatever the plan looks like is what we’ll bring.” Guerendo will be backed up by Patrick Taylor Jr., who was on the roster earlier this season when McCaffrey was dealing with bilateral Achilles tendinitis, then re-signed to the practice squad. Taylor was promoted Tuesday, and the 49ers also made a waiver claim on former Jets running back Israel Abanikanda. “I think he’s ready to go,” 49ers coach Kyle Shanahan said. “He had some ups and downs but got better through everything. I think he’s ready for this.” Guerendo, 6-foot and 219 pounds, has 42 carries for 246 yards and two touchdowns, averaging a gaudy 5.9 yards per carry. His 15-yard run in the third quarter was the 49ers’ lone touchdown in a 35-10 loss to the Buffalo Bills. The 49ers traded up to get Guerendo in the fourth round, only to see him sidelined with a hamstring strain in his first training camp practice. A speedy wide receiver at Avon High School in Indiana who also ran track and played basketball, Guerendo carried 10 times for 99 yards with a long run of 76 against Seattle and 14 times for 85 yards against Dallas. At Wisconsin, Guerendo played behind Jonathan Taylor, now a star running back for the Indianapolis Colts. He split time as a graduate student at Louisville with Jawhar Jordan, who rushed for 1,128 yards while Guerendo had 810 yards on 132 carries and a 6.1-yard average. The good news is Guerendo’s body hasn’t taken on the normal amount of abuse for a running back. And Guerendo feels he’s up to the challenge after playing 12 games with old-school running backs coach Bobby Turner. “I always give credit to Coach T for preparing everybody like they’re going to be the starter, so that when moments do come, you’re ready for it,” Guerendo said. McCaffrey appeared to have finally gotten untracked against the Bills, gaining 53 yards on seven carries before getting tripped up on a 19-yard burst in the second quarter. But the tackle injured his knee, Mason injured his ankle, and Guerendo became the lead runner for a team that is sixth in the NFL in rushing. Over time, Guerendo has become accustomed to the speed of the NFL game. “I think it takes guys some time,” Shanahan said. “You start to get a feel for it, if you’ve got the right stuff, you get more reps and the more you adjust to it. How hard you’ve got to hit stuff, how quick those holes close, how you have to hit it full speed and can’t hesitate. We’ve seen that stuff get better in practice and we’ve seen it carry over into games.” McCaffrey, meanwhile, took to social media in the form of a lengthy Instagram post to explain how he was feeling after his latest injury. He wrote of his love for football, how humbling it is and his desire to return. “This wasn’t my year, and sometimes when it rains, it pours,” McCaffrey wrote. “You can feel sorry for yourself and listen to the birds, or you can hold the line. I’m grateful for the support of everyone in my corner and promise I’ll work smarter and harder to come back better from this.” For those who dream big, Shanahan said with a six-week time frame, McCaffrey could conceivably return if the 49ers reach the postseason. THE INJURY LIST Those who didn’t practice Wednesday included edge rusher Nick Bosa (hips, obliques), left tackle Trent Williams (ankle), left guard Aaron Banks (concussion), Mason (ankle) and linebacker Demetrius Flannigan-Fowles (ankle). Cornerback Deommodore Lenoir (knee), linebacker Dre Greenlaw (Achilles) and safety Talanoa Hufanga (wrist) were limited. Defensive tackle Jordan Elliott has cleared concussion protocol after missing the Buffalo game. Hufanga joined Greenlaw as practicing during a 21-day window. Shanahan said it’s more likely Greenlaw would be activated before a Thursday night game against the Los Angeles Rams on Dec. 12 than against Chicago. HUFANGA AND THE CLUB After recovering from an ACL tear last season, Hufanga has played in just two games this season. First, he was felled by an ankle injury, and then a wrist injury that needed surgery. When activated, he’ll play with a protective club on his right hand. “I was still dealing with the ankle. I was about to get it re-wrapped and for some reason my hand wouldn’t open,” Hufanga said. Hufanga said he’ll try to use the protective device as a benefit rather than a detriment. “I had a good friend back in the day who played with a club who had three picks in one game, so you never know,” Hufanga said. MOORE FARES WELL Left tackle Jaylon Moore acquitted himself well for the second straight game in starting in place of Williams. “It was OK, but you can always get better and that’s what I’m focusing on — the things I can get better at,” Moore said. Tight end George Kittle noted last week that Moore was at left tackle all through training camp during Williams’ holdout, so it’s not like he hasn’t been with the first team. “It definitely did help, especially being comfortable with the group,” Moore said. “The quarterback’s cadence, the guy you’re next to, all the small stuff comes into play.”
WORCESTER, Mass. (AP) — Max Green's 16 points helped Holy Cross defeat Regis (MA) 82-46 on Sunday. Green also had nine rebounds and six assists for the Crusaders (8-5). Aidan Richard scored 13 points, going 4 of 6 (3 for 5 from 3-point range). Declan Ryan went 6 of 8 from the field to finish with 12 points. Jamir Harvey finished with 11 points, seven rebounds and four steals for the Pride. Aamyr Sullivan added nine points and five assists for Regis (MA). Dan Grasso finished with six points. Holy Cross took the lead with 19:46 left in the first half and did not relinquish it. The score was 36-20 at halftime, with Richard racking up 10 points. Holy Cross extended its lead to 82-43 during the second half, fueled by a 15-2 scoring run. Green scored a team-high 11 points in the second half as their team closed out the win. Holy Cross hosts Loyola (MD) in its next matchup on Thursday. The Associated Press created this story using technology provided by Data Skrive and data from Sportradar .Share Tweet Share Share Email Cryptocurrencies have become more than just digital assets; they’re reshaping how we invest, save, and build wealth. And while Bitcoin and Ethereum have paved the way, newer projects like Qubetics, Cardano, and SEI have stolen the spotlight. Each of these has carved its unique niche in the crypto world, offering innovative solutions, robust ecosystems, and jaw-dropping growth potential. So, if you’re wondering about the best cryptos to buy in December 2024 , we’ve got you covered. Let’s dive deep into what makes these three projects stand out and why investors can’t stop talking about them. Meet Qubetics: The Rising Star If you haven’t yet heard about Qubetics, you’re about to have a lightbulb moment. This project’s been on everyone’s radar lately, and for good reason. With its presale now in the 14th stage, Qubetics has already sold over 385 million $TICS tokens to more than 12,400 holders, raking in a whopping $8.1 million. Right now, the price of $TICS is $0.037—but here’s the kicker: it’s set to increase by 10% this weekend. Timing is everything. One of the core innovations setting Qubetics apart is its QUBEQODE IDE , an integrated development environment that’s transforming how businesses and individuals interact with blockchain tech. Think of it as a toolkit for building blockchain solutions—but way more user-friendly and insanely efficient. Picture this: a mid-sized company wants to integrate blockchain for supply chain tracking but doesn’t know where to start. Enter QUBEQODE IDE. With its drag-and-drop features, pre-built smart contract templates, and intuitive interface, the company can launch its blockchain solution in weeks, not months. Freelancers and professionals are also singing its praises. From managing contracts to verifying payments, QUBEQODE simplifies the complicated. Even individuals looking to dip their toes in crypto can use it for straightforward tasks like creating wallets or trading NFTs. For example, Sarah, a freelance graphic designer in Chicago, used QUBEQODE to mint NFTs of her artwork without hiring a developer. Meanwhile, a small bakery in New York used it to set up a rewards program on the blockchain . It’s practical, accessible, and built for real-world applications. If you’re seeking potential gains, analysts are buzzing about Qubetics. By the end of the presale, $TICS could reach $0.25, offering a remarkable 630% return on investment (ROI). Following the presale, projections suggest that $TICS may soar to $1, resulting in an impressive 2820% ROI. The most exciting prediction, however, is a post-mainnet launch price of $15, which would deliver a staggering 43,711% ROI. To illustrate this potential, consider an investment of $5,000 at the current price of $0.0342. By the end of the presale, your investment could grow to $36,500. If $TICS reaches $1, your investment would balloon to $146,000, and at $15, you’d be looking at an astonishing $2.19 million. That’s some serious life-changing potential! Cardano: The Old Guard with a Fresh Take Cardano’s not just another blockchain; it’s a philosophy. Since its launch in 2017, it’s earned a reputation for its methodical, research-first approach. Cardano’s focus on scalability, sustainability, and security has made it a top choice for developers and investors alike. Cardano’s unique proof-of-stake consensus mechanism, Ouroboros, is a game-changer. It’s energy-efficient, fast, and environmentally friendly—a big win in today’s eco-conscious world. Plus, Cardano’s smart contract platform, launched with the Alonzo upgrade, has opened the floodgates for DeFi applications, NFT marketplaces, and more. Take the recent launch of World Mobile, a blockchain-powered telecom company using Cardano. They’re connecting remote African communities to the internet, showing how Cardano’s tech isn’t just theoretical—it’s making a tangible difference. Despite market volatility, Cardano has stayed resilient. It’s known for its strong community, dubbed the Cardano Army, and its ability to roll out meaningful upgrades. In 2024, projects like Mithril—a protocol that improves syncing times for nodes—are pushing Cardano to new heights. While its price may not offer the explosive ROI of Qubetics right now, Cardano’s stability makes it a safer long-term play. Investors looking for a balanced portfolio often pair it with higher-risk projects. SEI: The Speed Demon When speed and efficiency are what you need, SEI is the name to remember. This blockchain has made waves for being the fastest layer-1 solution on the market, clocking in at 22,000 transactions per second. If crypto were a drag race, SEI would be the car leaving everyone in the dust. Built specifically for decentralised finance (DeFi), SEI is a go-to for traders, liquidity providers, and developers. Its order book model allows for lightning-fast transactions, making it ideal for high-frequency trading. Imagine trading tokens with the same speed and efficiency as stocks on Wall Street. That’s SEI. One of SEI’s standout use cases is its integration with gaming. Gamers now have access to blockchain-powered assets that feel seamless, thanks to SEI’s rapid execution. Developers love it because it’s built for scalability without sacrificing performance. SEI’s speed isn’t just a tech flex; it’s a massive business advantage. DeFi projects relying on low-latency trading are flocking to its ecosystem, boosting demand for SEI tokens. While it’s still early days for SEI, its market position as the fastest blockchain is hard to beat. If you’re looking for the best cryptos to buy in December 2024, SEI is worth a closer look. Conclusion: Qubetics Is the One to Watch With crypto markets buzzing, picking the best cryptos to buy in December 2024 can feel like finding a needle in a haystack. But if one thing’s clear, it’s that Qubetics presale is the standout choice. Its QUBEQODE IDE is changing the game, and its presale metrics are off the charts. Combine that with analysts’ sky-high price predictions, and it’s easy to see why investors are jumping on board. Don’t wait. The Qubetics presale is still live, but time’s ticking. Get in now at $0.037 before the price hike this weekend and secure your spot in what could be one of the most profitable crypto plays of the year. Visit the Qubetics website today and join the revolution. For More Information: Qubetics: https://qubetics.com/ Telegram: https://t.me/qubetics Twitter: https://twitter.com/qubetics Related Items: Blockchain , Qubetic Share Tweet Share Share Email Recommended for you Regret Not Buying ZIGnaly Early? Secure Your Future by Investing in Qubetics This Month Best Coins to Join This Month: Qubetics Secret for Massive Gains and Unmatched Online Privacy Best Coins to Invest in for Short Term: Qubetics Revolutionizing Privacy with a Decentralized VPN and Huge ROI Potential Comments
MINNEAPOLIS (AP) — The Minnesota Timberwolves delayed their game against the San Antonio Spurs by one hour on Sunday night due to an issue with the court at Target Center. The Timberwolves announced the decision about three hours before the originally scheduled tipoff time. The Spurs discovered the problem during their morning shootaround, Timberwolves spokesman Patrick Rees said. The team decided to delay the game so arena staff had enough time to install the replacement court that had to be delivered from elsewhere. The Timberwolves have played at Target Center since 1990. AP NBA: https://apnews.com/hub/NBAPresident Biden pardons turkeys before dining with Coast Guard on Staten Island
Young holds 3-shot lead over Scheffler in BahamasHOUSTON--(BUSINESS WIRE)--Dec 4, 2024-- Solaris Energy Infrastructure, Inc. (NYSE:SEI) (“Solaris” or the “Company”), today announced a financial and operational update for the fourth quarter 2024 as well as updates to its growth capital program to further support the Solaris Power Solutions segment in response to rapidly evolving customer demand. Fourth Quarter 2024 Financial and Operational Update The Company is increasing its fourth quarter 2024 Adjusted EBITDA* guidance to a range of $36 million to $39 million, compared to its prior expectation for a range of $33 million to $36 million. The primary drivers behind the updated range are continued enhanced utilization levels and improved cost absorption in the Solaris Power Solutions segment. The Company expects to deploy an average of approximately 250 MW during the fourth quarter, which reflects full utilization of its currently available asset base. In its Solaris Logistics Segment, the Company expects results to be relatively in line with expectations, which should continue to support strong total company operating cash flow generation in the fourth quarter. Solaris Power Solutions Growth Capital Update The Company recently placed orders for 9 additional 16.5 megawatt (“MW”) gas-fired turbines to support rapidly accelerating customer demand, totaling approximately 145 MW in incremental generation capacity. Solaris now expects to exit first quarter 2026 with approximately 680 MW of generation capacity. The Company expects to invest up to $120 million for the new turbine order, including ancillary equipment. Additionally, the Company expects to invest approximately $40 million in Selective Catalytic Reduction (“SCR”) technology to further enhance the emissions profile of the fleet in support of multi-year installations on selected locations. This expected approximately $160 million growth capital investment should occur primarily over the course of 2025, with equipment deliveries scheduled to occur from fourth quarter 2025 through first quarter 2026. “Demand for Solaris’ power-as-a-service offering continues to exceed our available capacity, providing us with the confidence to place this additional equipment order,” commented Bill Zartler, Solaris’ Chairman and Chief Executive Officer. “Additionally, the increasing site design and engineering complexities associated with the extending tenor of our contract fixtures presents an opportunity for Solaris to offer incremental ‘balance of plant’ equipment, such as the emissions control technology, that complements our power generation offering and is expected to enhance returns. This new equipment order will provide Solaris’ customers with near-term solutions in support of some of the most demanding ‘behind-the-meter’ power applications in operation today.” Footnotes: * Non-GAAP financial measure. Please see “About Non-GAAP Measures” below. About Solaris Energy Infrastructure, Inc. Solaris Energy Infrastructure, Inc. (NYSE:SEI) provides scalable equipment-based solutions for use in distributed power generation as well as the management of raw materials used in the completion of oil and natural gas wells. Headquartered in Houston, Texas, Solaris serves multiple U.S. end markets, including energy, data centers, and other commercial and industrial sectors. Additional information is available on our website, solaris-energy.com . Forward Looking Statements This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Examples of forward-looking statements include, but are not limited to, statements with respect to the Company’s expectations of business plans, strategies, objectives and anticipated financial and operating results of the Company for the three months ending December 31, 2024, including the Company’s future profitability, expected capital expenditures and the impact of such expenditures on performance, current and potential future long-term contracts, the Company’s business and financial performance and results of operations and other guidance included in this press release, and the other risks discussed in Part I, Item 1A. “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2023 filed with the SEC on February 27, 2024 and in Part II, Item 1A. “Risk Factors” in our Quarterly Report on Form 10-Q for the quarters ended June 30, 2024 and September 30, 2024 filed with the SEC on August 9, 2024 and November 7, 2024, respectively. Forward-looking statements are based on our current expectations and assumptions regarding our business, the economy and other future conditions. Because forward-looking statements relate to the future, by their nature, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. As a result, our actual results may differ materially from those contemplated by the forward-looking statements. Factors that could cause our actual results to differ materially from the results contemplated by such forward-looking statements include, but are not limited to the factors discussed or referenced in our filings made from time to time with the SEC. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date hereof. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law. About Non-GAAP Measures Management believes that Adjusted EBITDA provides useful information to investors regarding the Company’s financial condition and results of operations because it reflects the core operating results of the Company’s businesses and helps facilitate comparisons of operating performance across periods. We define EBITDA as net income, plus (i) depreciation and amortization expense, (ii) interest expense and (iii) income tax expense. We define Adjusted EBITDA as EBITDA plus (i) stock-based compensation expense and (ii) certain non-cash items and extraordinary, unusual or non-recurring gains, losses or expenses. Although management believes the aforementioned non-GAAP financial measure is a good tool for internal use and the investment community in evaluating Solaris’s overall financial performance, the foregoing non-GAAP financial measure should be considered in addition to, not as a substitute for or superior to, other measures of financial performance prepared in accordance with GAAP. However, no reconciliations of this non-GAAP measure to its most directly comparable GAAP measure is available without unreasonable efforts. This is due to the inherent difficulty of forecasting the timing or amount of various reconciling items that would impact the most directly comparable forward-looking GAAP financial measure, that have not yet occurred, are out of our control and/or cannot be reasonably predicted given we have not completed any reporting processes for the period presented. Preliminary Estimate This press release provides a preliminary estimate of our Adjusted EBITDA for the three months ending December 31, 2024. This preliminary estimate is derived from our internal records and is based on the most current information available to management. Our normal reporting processes with respect to the foregoing preliminary estimate have not been fully completed and, during the course of our review process on this preliminary estimate, we could identify items that would require us to make adjustments and which could affect our final results. Any such adjustments could be material. This preliminary estimate has not been audited or reviewed by our independent auditors nor have our independent auditors performed any procedures with respect to this information or expressed any opinion or any form of assurance on such information. View source version on businesswire.com : https://www.businesswire.com/news/home/20241204678559/en/ CONTACT: Yvonne Fletcher Senior Vice President, Finance and Investor Relations (281) 501-3070 IR@solaris-energy.com KEYWORD: UNITED STATES NORTH AMERICA TEXAS INDUSTRY KEYWORD: ENGINEERING OTHER ENERGY UTILITIES OIL/GAS MANUFACTURING ENERGY MACHINERY SOURCE: Solaris Energy Infrastructure, Inc. Copyright Business Wire 2024. PUB: 12/04/2024 06:29 PM/DISC: 12/04/2024 06:28 PM http://www.businesswire.com/news/home/20241204678559/enLupita Nyong’o and More Celebs Who Are Obsessed With Their CatsGujarat plans sector-specific skill councils
U.S. Sen. Kelly Loeffler (R-GA) welcomes a crowd during a runoff election night party at Grand Hyatt Hotel in Buckhead on January 6, 2021 in Atlanta, Georgia. (Photo by Brandon Bell/Getty Images) President-elect Donald Trump nominates former Senator Kelly Loeffler as the head of the Small Business Administration. Loeffler’s nomination is praised for her experience in reducing bureaucracy and fostering small business growth. Having served as a U.S. Senator from Georgia, Loeffler has a mixed political and business background with experience in finance and technology. ATLANTA - President-elect Donald Trump announced on Wednesday that he will nominate former U.S. Senator Kelly Loeffler to serve as the head of the Small Business Administration (SBA) in his upcoming administration. In a post on his social media platform, Truth Social, Trump praised Loeffler’s extensive experience in business and government. He emphasized her skills in streamlining operations and fostering growth for small businesses, which he described as 'the backbone of our great economy.' "Kelly will bring her experience in business and Washington to reduce red tape, and unleash opportunity for our Small Businesses to grow, innovate, and thrive," Trump wrote. "She will focus on ensuring that SBA is accountable to Taxpayers by cracking down on waste, fraud, and regulatory overreach." Georgia Gov. Brian Kemp appointed Loeffler to the U.S. Senate in December 2019 after Sen. Johnny Isakson resigned due to health issues. She served until January 2021 but was defeated in a special election by Democrat Raphael Warnock in a January 2021 runoff. Trump commended her work on legislation aimed at protecting women in sports. Prior to her political career, Loeffler spent 25 years in financial services and technology. As Executive Vice President, she contributed to the growth of a company that expanded from 100 employees to over 10,000 and achieved Fortune 500 status. "Kelly was a tremendous fighter in the U.S. Senate," Trump said. "Along with her amazing husband, Jeff, she helped build a Fortune 500 company and played a crucial role in securing my Big Election Win in Georgia." Upon confirmation, Loeffler would oversee the agency tasked with aiding, counseling, assisting, and protecting the interests of small business concerns and helping families and businesses recover from national and other declared disasters. A native of Illinois, Loeffler moved to Georgia in the early 2000s and quickly rose to prominence in the state's business and political scenes. She and her husband, Jeffrey Sprecher, co-own the Atlanta Dream, a WNBA team, and have been active Republican donors. Loeffler is currently a co-chair of Trump's inaugural committee. The Source: The naming of former Sen. Kelly Loeffler was announced by President-elect Donald Trump on his social media platform Truth Social. Details about Loeffler's life and career were compiled using previous reports by FOX 5 Atlanta, the Associated Press, and FOX News.A curious moment during the Edmonton Oilers ’ recent game against the New York Rangers has fans buzzing, with Sportsnet analysts questioning what appeared to be a heated exchange between defenseman Mattias Ekholm and forward Kasperi Kapanen . It seemed clear there was an issue, but no one seemed to understand why. The incident occurred after Kapanen registered his first assist as an Oiler, contributing to a Connor McDavid goal alongside Evan Bouchard . Instead of joining in on the celebration, Ekholm seemed to pull Kapanen aside and deliver some stern words. EDM NYR G22. November 23, 2024. Connor McDavid goal. 5-1 EDM. ?: Sportsnet pic.twitter.com/UtSXJQHmpq The Sportsnet panel speculated that Ekholm might have been critiquing Kapanen for a risky play leading up to the goal. Specifically, they suggested the veteran defenseman might have seen Kapanen’s pass as a high-danger move that could have backfired. While Ekholm’s body language suggested frustration, others pointed out that the moment could easily have been misinterpreted. Was Ekholm upset, or was he offering a mix of constructive criticism and encouragement? What was clear is that Ekholm didn’t look happy. At the same time, Kapanen didn’t react with a shocked look on his face or one that suggested he was returning the sternness of the exchange. What Was The Ekholm and Kapanen Talk About? Fans on social media were split. Some believed Sportsnet was reading too much into a moment that means nothing on an otherwise great play. “It’s just as likely Ekholm was congratulating Kapanen in his own intense way,” one fan noted, adding that Ekholm’s leadership style often blends tough love with genuine support. The timing of Ekholm’s actions raised eyebrows, as it seemed odd to critique a player immediately following a successful goal. The pass itself was a beauty, one that McDavid acknowledged when he pointed to both Bouchard and Kapanen after the goal. If there was an issue, it’s logical to assume it was not on that particular offensive play. Ekholm does have a reputation as a trash-talker and a vocal leader. It’s possible he was simply ensuring that Kapanen understood that a great play doesn’t negate a questionable one from a different play or earlier in the series. If he was treating it as a coachable moment, that’s not a bad thing. Regardless of the context, the incident underscores the passion and high standards Ekholm brings to the team. We may never know what that interaction with Kapanen was really about, but the idea that these two might have a beef now feels like a stretch. Knoblauch told the media on Monday that he has been happy with Kapanen and this was a player the Oilers had an interest in before they claimed him on waivers. This article first appeared on NHL Trade Talk and was syndicated with permission.
NEW YORK , Nov. 25, 2024 /PRNewswire/ -- Report on how AI is redefining market landscape - The global grinding wheel market size is estimated to grow by USD 5.02 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of almost 4.36% during the forecast period. Constant demand from oil and gas industries is driving market growth, with a trend towards application of artificial intelligence and system integration. However, operational challenges poses a challenge.Key market players include 3M Co., Andre Abrasive Articles, ATLANTIC GmbH, AWUKO Abrasives Wandmacher GmbH & Co. KG, Camel Grinding Wheels Works Sarid Ltd., Compagnie de Saint Gobain, DEERFOS Co. Ltd., DK Holdings Ltd., DSA Products Ltd., Ekamant, KLINGSPOR Abrasives Inc., Koki Holdings Co Ltd, KOVAX, Murugappa Group, NORITAKE Co. Ltd., Robert Bosch GmbH, SHIN-EI Grinding Wheels MFG. Co. Ltd. , Thai GCI Resitop Co. Ltd., Tyrolit KG, and Wendt India Ltd.. Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View Free Sample PDF Market Driver The grinding wheel market is thriving, driven by the demand for abrasive tools in various industries. Bonded abrasive grains, including diamond, silicon carbide, and aluminum oxide, are popular choices for metalworking and woodworking applications. Innovations in materials, such as composite materials and artificial aggregates, offer improved wear resistance, accuracy, and surface finish. Precision machining and optimal surface quality are crucial for industries like transport, construction, bearing and machinery, and steel. Safety regulations are essential to prevent mishaps and damage during grinding, polishing, and abrasive cutting operations. Grinding machines, including cylindrical, cup, and disc wheels, are integral to manufacturing activities. Cleaning processes and sustainable manufacturing techniques are also trends in the market. Natural composite stones, such as millstones, and artificial composites are used for grinding and polishing. Solid steel and aluminum discs are popular choices for industrial applications. Modern CNC grinding systems incorporate advanced software for controlling position, velocity, and acceleration. Artificial Intelligence (AI) technology enables machines to make decisions based on sensor input, automating repetitive tasks without human intervention. AI analyzes data from measurement equipment to optimize feed rates, prevent thermal damage, and initiate feed cycle changes. By continuously monitoring the grinding process, AI enhances productivity and precision while reducing operator intervention. This intelligent technology is a game-changer for the grinding wheel market, streamlining manufacturing processes and improving overall efficiency. Request Sample of our comprehensive report now to stay ahead in the AI-driven market evolution! Market Challenges The grinding wheel market faces several challenges in various industries like metalworking and woodworking. Abrasive tools, including bonded abrasive grains of diamond, silicon carbide, and aluminum oxide, require high accuracy, wear resistance, and optimal surface finish for precision machining. Safety regulations are crucial to prevent mishaps and damage during grinding, polishing, and cleaning processes. Industrialization and manufacturing activities increase the demand for grinding wheels in sectors like transport, construction, bearing and machinery, and steel. Innovative materials, such as composite materials and artificial aggregates, are used to create cylindrical, cup, and disc wheels in circular shapes with specific profiles and cross sections. Sustainable manufacturing techniques are essential to address environmental concerns. For instance, natural composite stones like millstones are being replaced by artificial composites and artificial aggregates. In abrasive cutting and machining operations, grinding machines use abrasive compounds to ensure dimensional accuracy and optimal surface quality. Solid steel and aluminum discs are popular choices due to their durability and wear resistance. The transport industry, construction, and steel industry rely heavily on these grinding wheels for their grinding, polishing, and cutting needs. Overall, the grinding wheel market continues to evolve, driven by advancements in materials and manufacturing techniques. Grinding is a process that involves removing metal from a surface through abrasion, resulting in a smooth finish. The generation of heat during grinding is significant and can impact both the grinding wheel and the workpiece. For the grinding wheel, the heat can lead to the development of grinding cracks at right angles to grinding marks, which eventually necessitate wheel replacement and increase operational costs. Conversely, the workpiece absorbs most of the heat produced and is more susceptible to its effects, which could potentially impact the quality of the final product. Therefore, understanding the thermal effects of grinding is crucial for optimizing the process and minimizing costs. Discover how AI is revolutionizing market trends- Get your access now! Segment Overview This grinding wheel market report extensively covers market segmentation by 1.1 Straight wheels 1.2 Cylindrical wheels 1.3 Diamond wheels 1.4 Others 2.1 Artificial abrasives 2.2 Natural abrasives 3.1 APAC 3.2 Europe 3.3 North America 3.4 Middle East and Africa 3.5 South America 1.1 Straight wheels- Straight grinding wheels are a fundamental type of abrasive wheels, commonly used for cylindrical, centerless, and surface grinding applications. These wheels come in various sizes, diameters, and widths, making them suitable for diverse grinding tasks. They are primarily employed to create a slight concave surface on the workpiece. The automotive, aerospace, and shipbuilding industries extensively use straight wheels due to their wide application in manufacturing components that undergo the grinding process. The growth of these industries is projected to boost the demand for straight grinding wheels worldwide. Download a Sample of our comprehensive report today to discover how AI-driven innovations are reshaping competitive dynamics Research Analysis The Grinding Wheel Market encompasses a wide range of abrasive tools used for various applications in industries such as metalworking and woodworking. These tools include cylindrical grinding wheels, cup wheels, and disc wheels, which are essential for grinding, polishing, and cleaning surfaces. The market is driven by the demand for efficient and high-performance abrasive tools in industries like transport, construction, bearing and machinery, and steel. Material innovations have led to the development of advanced abrasive compounds, bonded abrasive grains, and composite materials. Coarse-particle aggregates and cementing matrices are used to create strong bonds, ensuring the durability and effectiveness of the grinding wheels. Abrasive cutting and machining operations rely heavily on grinding machines, which utilize these wheels to shape and finish materials. The use of grinding wheels extends beyond industrial applications, with applications in the transport industry for vehicle maintenance and in the woodworking industry for sanding and shaping wood. Overall, the Grinding Wheel Market continues to evolve with advancements in technology and materials, providing solutions for a diverse range of industries and applications. Market Research Overview Grinding wheels are essential tools in various industries for grinding, polishing, and cleaning surfaces to achieve optimal surface quality. Made of bonded abrasive grains such as aluminum oxide, silicon carbide, and diamond, these wheels cater to diverse applications in the metalworking and woodworking industries. Material innovations continue to shape the market with the use of composite materials, artificial aggregates, and natural composite stones. The transport industry, construction, and steel industry heavily rely on grinding wheels for precision machining and wear resistance. Safety regulations are paramount to prevent mishaps and damage during grinding operations. Grinding machines, cylindrical, cup, and disc wheels, are used for different applications, including abrasive cutting and machining operations. Innovative materials and sustainable manufacturing techniques ensure accuracy, dimensional accuracy, and surface finish while reducing waste and improving efficiency. Abrasive compounds, coarse-particle aggregate, cementing matrix, and bond types further enhance the functionality and performance of grinding wheels. Table of Contents: 1 Executive Summary 2 Market Landscape 3 Market Sizing 4 Historic Market Size 5 Five Forces Analysis 6 Market Segmentation Type Straight Wheels Cylindrical Wheels Diamond Wheels Others Material Artificial Abrasives Natural Abrasives Geography APAC Europe North America Middle East And Africa South America 7 Customer Landscape 8 Geographic Landscape 9 Drivers, Challenges, and Trends 10 Company Landscape 11 Company Analysis 12 Appendix About Technavio Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. 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