Tag: 爱上海CQ

Blackstone Bets Big on Low Natural Gas Prices for the Long Term

first_img FacebookTwitterLinkedInEmailPrint分享Wall Street Journal:Blackstone Group LP has a deal to buy Harvest Fund Advisors LLC, an investment-management firm with more than $10 billion in assets under management that focuses on midstream energy assets.The move is part of a large Blackstone bet that it can profit on rising natural-gas production, even if gas prices remain stuck at depressed levels. The New York private-equity firm has built a roughly $7 billion bet on natural gas by investing in drilling fields, pipelines and a gas export terminal, The Wall Street Journal reported this week.Wall Street Journal:Blackstone Group BX -0.48% LP is making one of its biggest bets on the growth of natural gas production, wagering that even if gas prices remain stuck at depressed levels, it can profit.The New York private-equity firm has built a roughly $7 billion bet on natural gas by investing in drilling fields, pipelines and a gas export terminal. The latest piece came last month, when it agreed to pay $1.57 billion for a 32.4% stake in the Rover Pipeline, a 710-mile tube being built across Ohio.Natural gas investments have been popular in recent years among private-equity firms. Many investments count on prices rising to turn profits—and have been doomed by low prices.Blackstone says its wager is generally more dependent on production volumes increasing than on prices climbing. Most of the $7 billion has been put toward moving gas out of areas where drilling has increased despite low prices. The remainder has been invested in exploration and production in those regions.“We’re betting on which basins are going to be the winners,” said David Foley, who leads the firm’s energy investing. He’s put Blackstone’s money down in West Texas, Appalachia and Louisiana.Goldman Sachs Group Inc., Citigroup Inc. and others say that abundant supply, and production that can be ramped up quickly, should keep U.S. natural gas prices at an average of around $3 per million British thermal units for the next couple of years. Futures contracts for gas to be delivered in the winter, when demand and prices tend to be highest, don’t exceed $3.50 per mmBtu until late 2027, according to FactSet.Blackstone joins a crowded field of private-equity firms that have barreled into gas investments since the combination of horizontal drilling and a rock-cracking process called hydraulic fracturing unlocked new drilling fields across the country. These firms’ cash helped feed a drilling frenzy that has produced a flood of the heating and power-generation fuel.More: ($) Why Blackstone Is Betting $7 Billion on Natural Gas Blackstone Bets Big on Low Natural Gas Prices for the Long Termlast_img read more

Zadar County rewards the best renters

first_imgBy the way, the Welcome Awards for the best renters in Zadar County is a project of Zadar County which aims to encourage and emphasize the importance of quality approach in managing family accommodation, and the goal of the project is to raise quality and enrich the offer of family accommodation in Zadar County The awards are given once a year in order to motivate the private tourism sector to improve the quality of destination promotion and encourage the introduction of innovations, encourage the creation and development of new products and tourism promotion and recognition of efforts made by participants in promoting family accommodation in Zadar County. of the best achievements in tourism in Zadar County. Each landlord can apply with the same facility in several different categories, and the winners win plaques financial prize of 5.000 to 15.000 kuna as well as free presentation in the daily press, on the website of Zadar County and Zadar County Tourist Board as an example of good practice in tourism. Zadar County has announced a public call for awards for the best landlords in Zadar County.All renters of rooms, apartments / studio apartments and holiday homes in the Zadar County who have the quality label “WELCOME” are invited to apply for the Welcome Awards for the best renters in Zadar County.center_img Private renters of rooms, apartments / studio apartments and holiday homes in the Zadar County who have the “WELCOME” quality label or have submitted an application for the “WELCOME” quality label can apply for the Public Invitation for the Welcome Awards for the best renters in Zadar County .Prizes will be awarded for three main categories of accommodation: rooms, apartments / studio apartments and holiday homes. The public call will be open from October 22, 2018 to November 9, 2018. More details attached.Attachment:Rules for awarding welcome prizes for the bestWelcome Award Application Formlast_img read more

Over $5 million, but still needs a lift

first_imgThe home maximises the natural light and views.Ms Rudolph said another big settlement today will be the $2.05 million sale of 149/37 Harbour Rd, Hamilton. The Catalina apartment is exceptional quality from end to end.More from newsMould, age, not enough to stop 17 bidders fighting for this home5 hours agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor5 hours ago“The buyers were empty nesters and regarded the Catalina development as blue-chip riverfront,” Ms Rudolph said.“Compared to waterfront apartment sales where similar size properties are now achieving anywhere from $6 million plus, the buyers considered the freehold Catalina home to be exceptional buying and plan to add a lift into the property.” The open plan and beautiful of 53 Macquarie Street, Teneriffe.Ms Rudolph said not only did the buyers love the wide frontage to the river, but the homes large internal courtyard which was a rare features among properties in the development.She said many owners were refurbishing in the now 12-year-old Catalina complex because of the irreplaceable waterfront position. A great place to prepare a meal at 53 Macquarie Street, Teneriffe.She said the three-level, riverfront home achieved $200,000 more than the last property sold in the renowned Catalina project.center_img The final price has been revealed for 53 Macquarie Street, Teneriffe in the renowned Catalina complex.Brisbane living doesn’t get much better than these beauties which both enjoy expansive water views.And now agent, Christine Rudolph of Ray White New Farm, can reveal the sale prices.Ms Rudolph said 53 Macquarie Street, Teneriffe took just four weeks to sell for $5.236 million — and the new owners believe it’s great buying at the price. 149/37 Harbour Road, Hamilton will provide plenty of room for when family visit, according to the new owners.The three-bedroom apartment in the Infinity project has been bought by local residents looking for a house-size apartment to accommodate children and grandchildren visiting from overseas.“This has been the first $2 million sale achieved in this building in seven years, which is a great recovery and shows that buyers will pay more for boutique owner-occupier apartment buildings.“The appeal of this particular apartment was that it had a wide frontage to the river, with an enormous terrace at the front, capturing river, city and mountain views, while the terrace at the rear was unique, being a substantial courtyard, which is increasingly difficult to find,” she said.last_img read more

Video Rexnord unveils low friction PET conveyor chains

first_imgVideo: Rexnord unveils low friction PET conveyor chainsPosted By: Darren Woodon: October 02, 2017In: FoodBev TV, Industries, Manufacturing, VideosPrintEmailRexnord has released its new Dry-PT TableTop and MatTop chains as the company claims the Dry-PT material was developed specifically for high-speed conveyor lines to be used with or without lubrication.Paul van der Meer spoke with FoodBev Media’s Darren Wood about the Dry-PT material, explaining that the company chose its bright lime-green colour to visualise the need for conveyor cleaning when applicable, in order to maintain the required low-friction level.To listen to a podcast of this interview click here.Recorded, produced and hosted by: Darren WoodVisit our FoodBev.com YouTube channelShare with your network: Tags: PETRexnordlast_img read more