Tag: 爱上海KS

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

Sunderland sign Altidore

first_img The 23-year-old arrived on Wearside on Monday to complete a medical and he has now become manager Paolo Di Canio’s sixth signing of the summer. A statement published on Sunderland’s official website, www.safc.com, read: “Sunderland AFC have confirmed the signing of US striker Jozy Altidore from Dutch side AZ Alkmaar.” Press Association Altidore began his career with Major League Soccer side New York Red Bulls before joining Villarreal in 2008. He spent time on loan at Xerez, Besiktas and Hull – scoring one league goal as the Tigers were relegated from the Premier League in the 2009-10 season. The striker agreed a permanent move to AZ in July 2011 and finished his first campaign in Holland with a haul of 22 goals in all competitions before adding 23 goals for the 2012-13 Eredivisie season, helping the club to a first KNVB Cup in 31 years. Altidore has also scored 17 goals in 60 appearances for his country after making his senior debut in 2007. Having failed to score since November 2011, he ended a lengthy goal drought in an international friendly victory over Germany in Washington DC last month. He joins goalkeeper Vito Mannone, defenders Valentin Roberge and Modibo Diakite, midfielder Cabral and winger David Moberg Karlsson as part of Di Canio’s new-look squad at the Stadium of Light and the club confirmed he is expected to join his new team-mates at their training camp in Italy. center_img Sunderland have completed the signing of American striker Jozy Altidore from Dutch side AZ Alkmaar on a four-year deal for an undisclosed fee.last_img read more

The Latest: WNBA Dream player Brown positive for coronavirus

first_imgFans will have to buy tickets through an online registration system on a “one ticket, one certificate” basis within 48 hours of testing negative for COVID-19.Physical distancing measures will be in place inside the stadium and spectators will have to show identification, wear face masks and undergo body temperature testing before entry.___South Korea says it will allow baseball fans to return to the stands beginning Sunday as health authorities outlined a phased process to bring back spectators in professional sports amid the COVID-19 epidemic.Senior Health Ministry official Yoon Tae-ho also says fans will be allowed at professional soccer games starting on Aug. 1. But professional golf tournaments will continue without galleries at least until late August. The Serie A soccer season is being completed without fans and is scheduled end on Aug. 2. Next season should start in mid-September.___The Chinese basketball league is set to allow limited numbers of spectators into games this Sunday before being fully open to fans from July 31 for playoff games in Qingdao.The Chinese Basketball Association says medical professionals, teachers and police and public security officers will be eligible in the first intake of fans since the league resumed last month following a lockdown for the coronavirus pandemic.The league says fans older than 12 “who have missed the stadium will have the opportunity to enter the Qingdao Guoxin Sports Center Diamond Stadium to cheer for their favorite teams and players” from July 31. This season will end on Sunday. That is two months later than originally scheduled because of the coronavirus pandemic.The dates for next season were agreed to by the clubs during a conference call.___Italian Sports Minister Vincenzo Spadafora says fans will be allowed back into stadiums in September if the virus is kept under control.Spadafora says “obviously the stadium can’t be filled like before but rather a series of measures currently being studied will need to be respected.” F1 says the Eifel Grand Prix will host a race at the iconic Nürburgring in Germany on Oct. 11. That will be followed by the Portuguese GP in Portimão two weeks later and the Emilia-Romagna GP in Italy on Nov. 1.The U.S. GP was initially scheduled for late October. Brazil and Mexico were then to host races in November. Canada was already postponed from its mid-June date.The three new races take this season’s total to 13. All of them are in Europe.___The next Premier League soccer season will begin on Sept. 12 and finish on May 23. July 24, 2020 The Latest: WNBA Dream player Brown positive for coronaviruscenter_img Both baseball and soccer teams will be initially allowed to sell only 10% of the seats for each game as officials plan to control the level of attendance based on the progress of anti-virus efforts.Spectators will continue to be banned in the city of Gwangju and nearby South Jeolla Province towns.___More AP sports: https://apnews.com/apf-sports and https://twitter.com/AP_Sports Associated Press Share This StoryFacebookTwitteremailPrintLinkedinRedditThe Latest on the effects of the coronavirus outbreak on sports around the world:___Atlanta Dream center Kalani Brown tested positive for the coronavirus on July 9 and remains under quarantine as the team prepares to play in the WNBA bubble. In a statement released by the team, Brown says she has battled “challenging” symptoms including headache, sore throat, chills, body aches, fatigue, loss of the sense of taste, and shortness of breath.Brown says she is feeling better but won’t be able to play when the Dream open the season on Sunday against Dallas.Atlanta acquired Brown from the Los Angeles Sparks on Feb. 10 in exchange for guard Brittney Sykes and center Marie Gülich.___Formula One races in Brazil, Canada, Mexico and the United States have been canceled because of the coronavirus pandemic and three others have been added.last_img read more