Yahoo Sports College reporter Pete Thamel gives you an instant reaction to the hiring of Porter Moser to be the new head coach at Oklahoma after 10 successful years at Loyola Chicago.
Yahoo Sports College reporter Pete Thamel gives you an instant reaction to the hiring of Porter Moser to be the new head coach at Oklahoma after 10 successful years at Loyola Chicago.
PCB Bancorp (the "Company") (NASDAQ: PCB), the bank holding company for Pacific City Bank, announced that on April 8, 2021, its Board of Directors approved a repurchase program authorizing for the repurchase up to 5% of the Company’s outstanding common stock as of the date of the board meeting, which represented 775,000 shares, through September 7, 2021, with repurchases to commence shortly after the Company announces its unaudited results for the first quarter of 2021.
The Trustees of Mesabi Trust (NYSE:MSB) declared a distribution of eighty-nine cents ($0.89) per Unit of Beneficial Interest payable on May 20, 2021 to Mesabi Trust Unitholders of record at the close of business on April 30, 2021. This compares to a distribution of fifty-six cents ($0.56) per Unit for the same period last year.
Zuora 2021 Investor Day included speakers from the executive team, partner IBM and customers Zoom and Chegg.
E*TRADE Financial Holdings, LLC today announced results from the most recent wave of StreetWise, the E*TRADE quarterly tracking study of experienced investors. Results indicate investor views across the market and the economy improved:
EVERTEC to Announce First Quarter 2021 Financial Results on April 29, 2021
Simulations Plus today reported record 2nd quarter results for FY2021. Net revenue of $13.1 million, up 27% over 2QFY20; YTD revenue of $23.8 million.
Inter Parfums, Inc. (NASDAQ GS: IPAR) today announced that its majority owned Paris-based subsidiary, Interparfums SA, has completed the acquisition of its future headquarters at 10 rue de Solférino in the 7th arrondissement of Paris from the property developer, Apsys. This is an office complex combining three buildings connected by two inner courtyards, a large part of which was the French Socialist Party’s former headquarters, which consists of approximately 40,000 total sq. ft.
Virgin Galactic Holdings, Inc. (NYSE: SPCE) ("Virgin Galactic" or the "Company"), a vertically integrated aerospace and space travel company, today announced that it will report its financial results for the first quarter 2021 following the close of the U.S. markets on Tuesday, May 4, 2021. Virgin Galactic will host a conference call to discuss the results that day at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time).
Guardant Health, Inc. (Nasdaq: GH), a leading precision oncology company, today announced it will report financial results for the first quarter 2021 after market close on Thursday, May 6, 2021. Company management will be webcasting a corresponding conference call beginning at 1:30 p.m. Pacific Time / 4:30 p.m. Eastern Time.
Apyx Medical Corporation (NASDAQ:APYX) (the "Company"), a maker of medical devices and supplies and the developer of Helium Plasma Technology, marketed and sold as Renuvion® in the cosmetic surgery market and J-Plasma® in the hospital surgical market, today announced that financial results for the first quarter of fiscal year 2021 will be released before the market opens on Wednesday, May 12.
REV Group appoints Renegade RV's Michael (Mike) Lanciotti as President, REV Recreation Segment.
AbCellera to Present Virtually at Upcoming Investor Conferences
Kosmos Energy (NYSE/LSE: KOS) announced today that Tim Nicholson has been promoted to Senior Vice President (SVP) and Head of Exploration, and John Shinol has been promoted to SVP and Chief Geoscientist.
Bloom Energy (NYSE: BE) today announced it will release its first quarter fiscal year 2021 financial results on May 5, 2021 after market close. Bloom Energy’s management will host a conference call at 2:00 p.m. Pacific Time (PT)/ 5:00 p.m. Eastern Time (ET) on the same day to discuss these results.
TORONTO, April 12, 2021 (GLOBE NEWSWIRE) -- After months of advocacy by the Ontario English Catholic Teachers’ Association (OECTA) and other unions on behalf of teachers and education workers, the Ontario government has finally decided to close schools to in-person learning. But Catholic teachers say this is only the first step. “As the third wave intensifies, a result of the Ford government’s underfunded and mismanaged COVID-19 response, this action is necessary to protect the health and well-being of our students, teachers, education workers, families, and communities,” says OECTA President Liz Stuart. That this decision comes less than 24 hours after Minister Lecce said schools were safe to resume post-break further highlights this government’s ineptitude and internal disorganization. This contradictory messaging has been a constant throughout the pandemic, heightening the fears of parents, teachers, and education workers in an already difficult and uncertain time. “We all want schools to be open and stay open,” says Stuart. “Ironically, the Ford government’s haphazard handling of this crisis has provided yet another opportunity to implement stronger health and safety measures, to protect not only our classrooms, but all Ontarians. It cannot be squandered. As they have been doing for more than a year, Catholic teachers call on Premier Ford to immediately do the following: prioritize the vaccination of teachers, education workers, and other essential workers in hot spots;realize smaller class sizes, to allow for proper physical distancing;implement a comprehensive and meaningful asymptomatic testing program for schools that serves the needs and encourages the participation of everyone in the community;improve ventilation in schools; andensure paid sick days for all Ontarians, to stop the spread of COVID-19 among frontline workers and to save lives. “The Ford government must prioritize safety in our schools and properly invest in publicly funded education,” says Stuart. “Cutting $1 billion in education spending, as put forward in their recent budget, will make a dire situation worse, further threatening student success and safety. Teachers and education workers have gone above and beyond this past year, showing tremendous dedication and resolve in support of the students in their care. The Ford government must finally do their part by acting to protect our schools and all Ontarians.” - 30 - OECTA represents the 45,000 passionate and qualified teachers in Ontario’s publicly funded English Catholic schools, from Kindergarten to Grade 12. CONTACT: Michelle Despault Ontario English Catholic Teachers' Association 416-925-2493 x 509 email@example.com
Essential Properties Realty Trust, Inc. (NYSE: EPRT; the "Company") announced today that it has commenced an underwritten public offering of 6,500,000 shares of its common stock. The Company expects to grant the underwriters a 30-day option to purchase up to an additional 975,000 shares of common stock. The Company expects to use the net proceeds from the offering to repay amounts outstanding on its revolving credit facility and for general corporate purposes, including potential future investments. All of the shares are being offered by the Company.
Aldel Financial Inc. (the "Company"), a newly organized blank check company formed as a Delaware corporation and led by Chairman and CEO Robert Kauffman (former co-founder of Fortress Investment Group, LLC), today announced the closing of its initial public offering of 11,500,000 units at an offering price of $10.00 per unit. This includes the exercise in full by the underwriters of their over-allotment option to purchase up to an additional 1,500,000 units. Each unit consists of one share of common stock and one-half of one redeemable warrant. Each whole warrant entitles the holder thereof to purchase one share of common stock at $11.50 per share. The units are listed on the New York Stock Exchange ("NYSE") and trade under the ticker symbol "ADF.U". Once the securities comprising the units begin separate trading, the common stock and the warrants are expected to be traded on the NYSE under the symbols "ADF" and "ADF WS," respectively.
The S&P 500 and Dow Jones industrial average ended lower on Monday, with investors waiting for cues from the upcoming corporate earnings season and a key inflation report later this week. Big Wall Street names are due to kick off earnings season on Wednesday, giving new catalysts to buy or sell off stocks in a record-high market. "Investors are now going to pay close attention to earnings season, because this is the time where they are expecting guidance from companies, where valuations start to matter again," said Ed Moya, senior market analyst at OANDA.
MIDLAND, Texas, April 12, 2021 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback” or the “Company”) today provided an operational update for the first quarter of 2021 and announced revised full year 2021 guidance. FIRST QUARTER 2021 UPDATE Q1 2021 average production of 184.2 MBO/d (307.4 MBOE/d)Q1 2021 average unhedged realized prices of $56.94 per barrel of oil, $22.94 per barrel of natural gas liquids and $3.05 per Mcf of natural gas, resulting in a total equivalent price of $42.36 per BOEQ1 2021 average hedged realized prices of $46.81 per barrel of oil, $22.76 per barrel of natural gas liquids and $2.64 per Mcf of natural gas, resulting in a total equivalent price of $35.75 per BOE. Diamondback realized total hedging losses of $102 million in the first quarter, including $80 million of realized gains from the early termination of interest rate swapsQ1 2021 estimated cash CAPEX of $280 - $300 millionClosed our previously announced acquisition of approximately 32,500 net acres in the Northern Midland Basin and certain related oil and natural gas assets from Guidon Operating LLC ("Guidon") on February 26, 2021 for approximately $375 million in cash and the issuance of an aggregate of 10.7 million shares of our common stockClosed our previously announced acquisition of QEP Resources, Inc. ("QEP") in an all-stock merger on March 17, 2021 for an aggregate of approximately 12.2 million shares of our common stock REVISED FULL YEAR 2021 GUIDANCE Diamondback today announced revised 2021 production, capital and operating guidance. This guidance has been updated to give effect to the QEP transaction, which was completed on March 17, 2021. Highlights Include: Full year 2021 oil production guidance of 218 – 222 MBO/d (360 – 370 MBOE/d), including approximately 12 MBO/d (~19 MBOE/d) of contribution from Diamondback’s Williston Basin assetsFull year 2021 cash CAPEX guidance of $1.60 – $1.75 billionThe Company expects to drill between 200 and 215 gross (178 – 192 net) wells and complete between 275 and 285 gross (250 – 259 net) wells with an average lateral length of approximately 10,300 feet in 2021 2021 Guidance Diamondback Energy, Inc. Total net production – MBOE/d(a)360 - 370Oil production – MBO/d(a)218 - 222 Unit costs ($/BOE) Lease operating expenses, including workovers$3.90 - $4.30G&A Cash G&A$0.45 - $0.55Non-cash equity-based compensation$0.30 - $0.40Gathering and transportation$1.25 - $1.35 Production and ad valorem taxes (% of revenue)(b)7%Corporate tax rate (% of pre-tax income)23% Gross horizontal wells drilled (net)200 - 215 (178 - 192)Gross horizontal wells completed (net)275 - 285 (250 - 259)Average lateral length (Ft.)~10,300'Midland Basin well costs per lateral foot$520 - $580Delaware Basin well costs per lateral foot$720 - $800Midland Basin net lateral feet (%)~75%Delaware Basin net lateral feet (%)~25% Capital Budget ($ - million) Operated horizontal drilling and completion$1,300 - $1,400Non-operated capital and capital workovers$160 - $180Midstream (ex. long-haul pipeline investments)$60 - $80Infrastructure and Environmental$80 - $902021 Capital Spend$1,600 - $1,750 (a)Includes approximately 12 MBO/d (~19 MBOE/d) related to the contribution from Diamondback’s Williston Basin assets from March 17 through year end 2021. Second quarter 2021 Williston Basin production is estimated to be ~16 MBO/d (~26 MBOE/d). (b)Includes production taxes of 4.6% for crude oil and 7.5% for natural gas and NGLs and ad valorem taxes. “Diamondback executed well in the first quarter 2021 and quickly overcame the adversity presented by Winter Storm Uri in February. We closed our two previously announced Guidon and QEP acquisitions in the quarter, and subsequently executed a successful tender offer and refinancing of QEP’s senior notes. This refinancing adds $40 million of annual interest cost savings to the $60 - $80 million of previously announced annual cost synergies expected to be extracted from the QEP transaction," stated Travis Stice, Chief Executive Officer of Diamondback. Mr. Stice continued, “Our updated 2021 guidance announced today reflects our commitment to capital discipline and capital efficiency, as we expect to keep pro forma fourth quarter 2020 production flat in 2021 with about 10% less capital spent than standalone Diamondback in 2020. While commodity prices have improved, global spare oil production capacity remains high as global oil demand recovers from the pandemic. Diamondback continues to see no need to grow oil production into this artificially undersupplied market, and instead plans to generate Free Cash Flow to pay our dividend and pay down debt." DERIVATIVES As of April 1, 2021, the Company has a total of 141.7 thousand barrels of crude oil per day protected for the remainder of 2021, with 100% of those hedges having unlimited downside protection as a swap, put or collar. These hedge positions are consolidated to include hedges in place at Viper Energy Partners LP (“Viper”). As of April 1, 2021, the Company had the following outstanding consolidated derivative contracts, including derivative contracts at Viper. The Company’s derivative contracts are based upon reported settlement prices on commodity exchanges, with crude oil derivative settlements based on New York Mercantile Exchange West Texas Intermediate pricing and Crude Oil Brent pricing and with natural gas derivative settlements based on the New York Mercantile Exchange Henry Hub pricing. When aggregating multiple contracts, the weighted average contract price is disclosed. Crude Oil (Bbls/day, $/Bbl) Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q2 2022 Q3 2022 Q4 2022Swaps - WTI (Cushing) 43,341 38,348 30,674 1,000 1,000 — —$44.60 $42.82 $42.36 $45.00 $45.00 — —Swaps - WTI (Magellan East Houston) 5,000 5,000 5,000 — — — —$37.78 $37.78 $37.78 — — — —Swaps - Crude Brent Oil(a) 5,000 5,000 5,000 — — — —$41.62 $41.62 $41.62 — — — —Costless Collars - WTI (Cushing) 20,670 17,685 26,663 12,000 6,000 — —Long Put Price ($/Bbl)$35.78 $35.27 $38.69 $45.00 $45.00 — —Ceiling Price ($/Bbl)$47.08 $46.50 $53.80 $68.00 $68.75 — —Costless Collars - WTI (Magellan East Houston) — 5,000 5,000 4,000 2,000 — —Long Put Price ($/Bbl) — $45.00 $45.00 $45.00 $45.00 — —Ceiling Price ($/Bbl) — $57.90 $78.75 $67.48 $67.45 — —Costless Collars - Crude Brent Oil 82,000 62,000 64,000 38,000 13,000 — —Long Put Price ($/Bbl)$39.40 $39.61 $39.78 $45.00 $45.00 — —Ceiling Price ($/Bbl)$48.84 $48.42 $48.90 $68.07 $74.31 — —Short Puts - Crude Brent Oil — — — 5,000 5,000 5,000 5,000 — — — $35.00 $35.00 $35.00 $35.00Basis Swaps - WTI (Midland) 39,000 34,000 34,000 10,000 10,000 10,000 10,000$0.83 $0.91 $0.91 $0.84 $0.84 $0.84 $0.84Roll Swaps - WTI 46,000 34,000 34,000 — — — —$0.16 $0.24 $0.24 — — — — (a) Includes 5,000 BO/d of swaps in the first half of 2021 whereby the counterparty has the right to extend the hedge into the second half of 2021 at an average price of $51/Bbl. Natural Gas (Mmbtu/day, $/Mmbtu) Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q2 2022 Q3 2022 Q4 2022Natural Gas Swaps - Henry Hub 245,000 245,000 245,000 — — — —$2.65 $2.65 $2.65 — — — —Natural Gas Swaps - Waha Hub 50,000 50,000 50,000 — — — —$1.92 $1.92 $1.92 — — — —Natural Gas Basis Swaps - Waha Hub 250,000 250,000 250,000 190,000 190,000 190,000 190,000$-0.66 $-0.66 $-0.66 $-0.36 $-0.36 $-0.36 $-0.36 Natural Gas Liquids (Bbls/day, $/Bbl) Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q2 2022 Q3 2022 Q4 2022Natural Gas Liquids Swaps - Mont Belvieu Propane 2,000 2,000 2,000 — — — —$29.40 $29.40 $29.40 — — — — About Diamondback Energy, Inc. Diamondback is an independent oil and natural gas company headquartered in Midland, Texas focused on the acquisition, development, exploration and exploitation of unconventional, onshore oil and natural gas reserves primarily in the Permian Basin in West Texas. For more information, please visit www.diamondbackenergy.com. Forward-Looking Statements This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than historical facts, that address activities that Diamondback assumes, plans, expects, believes, intends or anticipates (and other similar expressions) will, should or may occur in the future are forward-looking statements. The forward-looking statements are based on management’s current beliefs, based on currently available information, as to the outcome and timing of future events, including the current adverse industry and macroeconomic conditions, commodity price volatility, production levels, the impact of the recent presidential and congressional elections on energy and environmental policies and regulations, any other potential regulatory actions (including those that may impose production limits in the Permian Basin), the impact and duration of the ongoing COVID-19 pandemic, acquisitions and sales of assets, including the recently completed Guidon and QEP acquisitions, anticipated synergies and costs savings from the transactions discussed in this news release, future dividends, production, drilling and capital expenditure plans, severe weather conditions (including the impact of the recent severe winter storms on production volumes), impact of impairment charges and effects of hedging arrangements. These forward-looking statements involve certain risks and uncertainties that could cause the results to differ materially from those expected by the management of Diamondback. Information concerning these risks and other factors can be found in Diamondback’s filings with the Securities and Exchange Commission ("SEC"), including its reports on Forms 10-K, 10-Q and 8-K, which can be obtained free of charge on the SEC’s web site at http://www.sec.gov. Diamondback undertakes no obligation to update or revise any forward-looking statement. Investor Contact:Adam Lawlis+1 firstname.lastname@example.org
SUNNY ISLES BEACH, Fla., April 12, 2021 (GLOBE NEWSWIRE) -- Icahn Enterprises L.P. (NASDAQ: IEP) announced today that it, together with Icahn Enterprises Finance Corp. (together with Icahn Enterprises L.P., the “Issuers”), consummated their offering of $455,000,000 aggregate principal amount of 5.250% Senior Notes due 2027 (the “Notes”) in a private placement not registered under the Securities Act of 1933, as amended (the “Securities Act”) (such offering, the “Notes Offering”). The Notes were issued under an indenture, dated as of December 12, 2019, by and among the Issuers, Icahn Enterprises Holdings L.P., as guarantor (the “Guarantor”), and Wilmington Trust, National Association, as trustee, and are guaranteed by the Guarantor. The net proceeds from the Notes Offering will be used to redeem all of the Issuers’ existing 6.250% Senior Notes due 2022 on or about the date hereof, pursuant to the Issuers’ previously announced notice of conditional redemption. The Notes and related guarantee were made only (1) in the United States to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act and (2) outside the United States to persons other than “U.S. persons” in compliance with Regulation S under the Securities Act. The Notes and related guarantee have not been registered under the Securities Act or the securities laws of any other jurisdiction and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release is being issued pursuant to and in accordance with Rule 135c under the Securities Act. This press release shall not constitute an offer to sell or a solicitation of an offer to buy any securities of the Issuers. About Icahn Enterprises L.P. Icahn Enterprises L.P. (NASDAQ: IEP), a master limited partnership, is a diversified holding company engaged in eight primary business segments: Investment, Energy, Automotive, Food Packaging, Metals, Real Estate, Home Fashion and Pharma. Caution Concerning Forward-Looking Statements This release contains certain statements that are, or may be deemed to be, “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, many of which are beyond our ability to control or predict. Forward-looking statements may be identified by words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates,” “will” or words of similar meaning and include, but are not limited to, statements about the expected future business and financial performance of Icahn Enterprises L.P. and its subsidiaries. Actual events, results and outcomes may differ materially from our expectations due to a variety of known and unknown risks, uncertainties and other factors, including risks related to economic downturns, substantial competition and rising operating costs; risks related to the severity, magnitude and duration of the COVID-19 pandemic and its impact on the global economy, financial markets and industries in which our subsidiaries operate; risks related to our investment activities, including the nature of the investments made by the private funds in which we invest, declines in the fair value of our investments as a result of the COVID-19 pandemic, losses in the private funds and loss of key employees; risks related to our ability to continue to conduct our activities in a manner so as to not be deemed an investment company under the Investment Company Act of 1940, as amended; risks related to our energy business, including the volatility and availability of crude oil, other feed stocks and refined products, declines in global demand for crude oil, refined products and liquid transportation fuels as a result of the COVID-19 pandemic, unfavorable refining margin (crack spread), interrupted access to pipelines, significant fluctuations in nitrogen fertilizer demand in the agricultural industry and seasonality of results; risks related to our automotive activities and exposure to adverse conditions in the automotive industry, including as a result of the COVID-19 pandemic; risks related to our food packaging activities, including competition from better capitalized competitors, inability of our suppliers to timely deliver raw materials, and the failure to effectively respond to industry changes in casings technology; risks related to our scrap metals activities, including potential environmental exposure; risks related to our real estate activities, including the extent of any tenant bankruptcies and insolvencies; risks related to our home fashion operations, including changes in the availability and price of raw materials, and changes in transportation costs and delivery times; and other risks and uncertainties detailed from time to time in our filings with the Securities and Exchange Commission. Additionally, there may be other factors not presently known to us or which we currently consider to be immaterial that may cause our actual results to differ materially from the forward-looking statements. Past performance in our Investment segment is not indicative of future performance. We undertake no obligation to publicly update or review any forward-looking information, whether as a result of new information, future developments or otherwise. Contact:Investor Contact:SungHwan ChoChief Financial Officer(305) 422-4100