The Kier share price: why I’ve turned positive after a year

first_img Rupert Hargreaves | Sunday, 21st June, 2020 | More on: KIE The Kier share price: why I’ve turned positive after a year Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! The last time I covered the Kier (LSE: KIE) share price in August 2019, I recommended that investors should stay away from the company. Its uncertain outlook and high levels of debt were concerning. This is a view I had held for some time. The last time I suggested that the stock might be a good buy for risk-tolerant investors was July 2019.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Nearly a year later, and I’ve started to turn positive on the Kier share price once again.Kier share price on offer?Over the past six months, shares in the construction company have held relatively stable, despite the broader stock market volatility. The Kier share price is off only 1% in 2020.In some respects, the coronavirus crisis has been kind to Kier. The vast majority of the construction giant’s sites remained operational while the rest of the economy was locked down. At the end of March, it informed the market that activity was continuing on about 80% of its sites.The company’s efforts to restructure in 2019 put it in an excellent position to weather the crisis. Throughout 2019, management was focused on cutting costs, establishing cost savings and selling non-core businesses to shore up the group’s balance sheet.After these efforts, the company seems to have entered 2020 on a stable footing.That said, while it looks as if Kier might avoid the worst of the crisis, the company is still likely to suffer significant fall out from the subsequent economic pain.However, it is becoming increasingly clear that the government is looking to stimulate economic demand by pushing forward with major infrastructure projects.As one of the country’s largest construction groups, Kier’s shares could benefit from this.The company is already one of the major contractors on the H2S rail project. It is also working on Hinkley Point C, the UK’s first nuclear power station for a generation. It also works with local councils across the country building key resources such as hospitals, schools and community centres.Before the coronavirus crisis, Boris Johnson’s government had laid out plans to spend £100bn on new infrastructure projects across the UK throughout this Parliament. An acceleration or increase in this target would be a boon for the Kier share price and its peers.Risk and rewardOverall, Keir’s short-term outlook is uncertain. Nevertheless, the company should benefit over the long run from the government plan to increase infrastructure spending.What’s more, it looks as if management’s efforts to streamline the business and cut costs have put the company in a strong position to whether the coronavirus crisis.As such, buying the stock today as part of a well-diversified portfolio could generate attractive total returns over the long run. And merging Kier with a portfolio of equities would help investors minimise risk. See all posts by Rupert Hargreaves Rupert Hargreaves has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Our 6 ‘Best Buys Now’ Sharescenter_img “This Stock Could Be Like Buying Amazon in 1997” Simply click below to discover how you can take advantage of this. Enter Your Email Address Image source: Getty Images I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee.last_img read more

House of Sweden / Wingardh

first_imgShareFacebookTwitterPinterestWhatsappMailOr Clipboard Products used in this ProjectWoodGustafsWood Veneered Wall & Ceiling PanelsWoodGustafsAcoustic Wood PanelsText description provided by the architects. Competition Team: Gert Wingårdh, Thomas Hansen, Ulrika Davidsson, Fredrik Gullberg, Pål Ericsson, Jacob Sahlqvist, Jacek Zalecki, Petter Leyman, Ola Frödell, Henrik Schulz, Tobias Fasth, Robert Hendberg Building Team: Gert Wingårdh, Thomas Hansen, Gunilla Murnieks, Susanna Ringnér, Birgitta Stenvaller, Andreas Henriksson, Gustav Appell, Markus Furby, Björn Nilsson, Therese Ahlström, Taito Lampinen, Robert Hendberg, Daniel Frickeus, Fredrik Gullberg, Sven Nestgaard, Sara Helder, Pål Ericsson, Maria Olausson, Fredrik Prytz, Anna Palm, Hanna Samuelson, Alexandra Pripp It is hot and very humid. The architectural competition has begun. Sweden has the chance to win a spectacular site – a peninsula surrounded by the Potomac and Rock Creek. The National Swedish Property Board, with Jan Thews as its representative, has a clear goal. The city plan allows a certain volume and that has to be exploited to make the project financially reasonable. There is one drawback with this site, however – it floods regularly. What we propose to do is to create a seven-level building, including a rooftop terrace and underground parking, and to build at least to the property boundary, except at entrance level. The entrance level lies at the highest point to which the Potomac River is expected to rise. Save this picture!A large flight of steps and a ramp along the entrance side of the building leave the pillars exposed and create a loggia in a classicistic and classically modern style (compare this with Villa Savoie). Here, the cars will draw up and deliver the guests arriving at the embassy. The Swedish Government has approved guidelines for how embassies should be designed and how they should act. One has to bear in mind that embassies should serve as display windows for Sweden where procedures are completely open and transparent and where exhibitions, talks and conferences are important and should be available to the general public. The entrance floor is the hub of all operations. The part of the building used exclusively for the embassy is on the left with its reception area and with offices up on the next floor. The public part of the building has its reception on the right, with a large, glazed exhibition space (the Anna Lind Hall) facing the Potomac River and with a series of multi-purpose exhibition and conference rooms leading off a lower lobby. Save this picture!Never before have the public areas been allowed to take up so much room. And the building really attracts the public. There are constant streams of people moving along the banks of the Potomac. Massive sliding doors make it possible to open up the Anna Lind Hall at both corners. The public is welcome to gaze from any side through the entrance hall, where interior and exterior walls made entirely of glass provide unobstructed views. The top two floors of the building are a residential area, with 19 apartments. The two belts of balconies form a projecting box-like structure that encircles these two floors. It is built, with the consent of the authorities, out over the building rights, as is the northern escape stairs and the rooftop terrace’s ‘glass fins’ containing tops of the elevators, fans, restrooms and catering support areas. What is typically Swedish? Our answer is the red light that appears with the low setting sun at dusk. Sweden’s northern latitude is radically different to Washington’s geographical location. We wanted to create “the Nordic light in the dark Southern night”. This was achieved by backlighting the panels cloaking the balconies around the building. The architects originally intended to use real wooden veneer on the balconies, enclosed between two sheets of glass. However, they decided instead to use computer-generated images which were printed straight onto the laminated film. Six different patterns of exaggerated wood grain were combined to form an elegant façade around the private apartments. The whole of the façade is illuminated from behind in the evenings and at night, making the building glow like a huge lamp. The computer-generated image we submitted with our original proposal is almost identical to the building today. Save this picture!Sweden is also a kingdom of pure water. Mist that rises in the mornings with the dancing elves. Crisp snow covering the panes of glass. The black pond reflecting the pines. Warm breath misting the window. We work with a gradient of white dots on glass panels. On the exterior, the gradient extends over three storeys. Crystal-clear glass at the bottom that gradually becomes speckled with more and more dots until it is completely white when it reaches the blue sky. It is the opposite way round in the northern escape stairwell. Above the entrance hall’s “spark gap” of openness, the building is suspended as though carved from blond, American maple. The technically compact façade, thirty centimetres behind the glass gradient, moves seamlessly from external to internal ceiling where the entire atrium is clad with wood veneer panels, finishing with the horizontal wooden surfaces of the rooftop terrace. It is the Swedish tradition to clad a building in wood (expertly executed in Gothenburg by Asplund in the town hall extension and by Nils Einar Ericksson in the concert hall). The stairs, walls and floors inside the embassy are also made of maple. The light reflects warmly from the wood and imparts a flattering warmth to everyone and everything. A cloud hovers above the entrance floor. The maple ceiling is cut through with unevenly spaced, round holes. Save this picture!A pixelling effect whose compactness increases inwards. Lamps across the ceiling shed their light. The resulting effect is a shimmering, shifting cloud of light. The many holes are covered by white cloth and act naturally as an absorbent. The white stone Timpa floor incorporates black, shiny stripes of polished granite. The floor looks as though it has been rolled out like long mats, side by side, resembling traditional Swedish rag-rugs. We encounter the most sophisticated details in the sensitive zone, between the indoors and outdoors. Two, real water-filled walls stand like curtains along both short sides of the windbreak. On the right, a manmade pond of polished, black granite with narrow, frosted streaks complement the stone “rug floor” alongside. The building’s most stunning glass installation faces the embassy, standing freely like a wall from floor to ceiling. The thick crystal glass has been pinched out using bone glue to create patterns that bring to mind the very fragile film of ice that covers a pool of water on an evening in early March. Visitors to the embassy offices have to walk through a security passage, which turns with a couple of sharp bends, round the reception area. When they leave the building, they have a moment’s undisturbed view of the glass wall where they can see, in columns between the pinched-out glass, the real river flowing past just a short distance away. Two contrasts – the one frozen stiff and the other moving with life. “Magic”, by the Swedish glass artist Ingegerd Råman.Project gallerySee allShow lessConsorcio Building Concepcion / Enrique BrowneSelected ProjectsORDOS 100 #8: R&Sie(n)ArticlesProject locationAddress:Washington, DC, USALocation to be used only as a reference. It could indicate city/country but not exact address. Share 2006 United States Year:  Area:  8157 m² Year Completion year of this architecture project Architects: Wingardh Area Area of this architecture project Projects House of Sweden / WingardhSave this projectSaveHouse of Sweden / Wingardh CopyApartments•Washington, United States “COPY”center_img “COPY” ArchDaily Apartments House of Sweden / Wingardh Manufacturers Brands with products used in this architecture project CopyAbout this officeWingardhOfficeFollowProductsWoodGlassConcrete#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousingApartmentsDabasInstitutional ArchitectureWoodWashington3D ModellingUnited StatesPublished on January 09, 2009Cite: “House of Sweden / Wingardh” 09 Jan 2009. ArchDaily. Accessed 12 Jun 2021. ISSN 0719-8884Read commentsBrowse the CatalogPartitionsSkyfoldVertically Folding Operable Walls – Classic™ SeriesVinyl Walls3MArchitectural Finishes DI-NOC in Ned Ludd Public HouseShower ColumnshansgroheOverhead ShowersWindowsKalwall®Kalwall® in Featherstone High SchoolLightsLouis PoulsenLamps – LP Slim BoxSealantsEffisusBi-adhesive Tape – 2BondDSConcrete FloorsSikaIndustrial Floor CoatingsPlantersJakobGreen Walls – GreenKitUrban ApplicationsPunto DesignPunto Benches and Litter Bins in Public Space ImprovementsPaintKEIMMineral Paint for Concrete – KEIM Concretal®-WArmchairs / Couches / Futons / PoufsFreifrauArmchair High – MarlaAcousticBASWA acousticThermal-Acoustic System – BASWA CoreMore products »Read commentsSave想阅读文章的中文版本吗?瑞典大使馆 / Wingardh是否翻译成中文现有为你所在地区特制的网站?想浏览ArchDaily中国吗?Take me there »✖You’ve started following your first account!Did you know?You’ll now receive updates based on what you follow! Personalize your stream and start following your favorite authors, offices and users.Go to my stream ShareFacebookTwitterPinterestWhatsappMailOr Clipboard Manufacturers: Gustafs, Resopal Products translation missing: Save this picture!+ 14 Sharelast_img read more

Indiana Farm Bureau Health Benefits Bill Moves Forward for Full House…

first_img SHARE Facebook Twitter SHARE Facebook Twitter Home Indiana Agriculture News Indiana Farm Bureau Health Benefits Bill Moves Forward for Full House Vote Legislation that would allow Indiana Farm Bureau to offer more affordable health benefits to its members passed the Indiana House Insurance Committee with a 13-0 vote on Wednesday. Senate Bill 184 now goes to the full House for a vote.“I appreciate the committee members for recognizing the need and voting in favor of Senate Bill 184,” said INFB President, Randy Kron. “Senate Bill 184 is an important piece of legislation that would address a significant need for farmers and others in rural communities by allowing INFB to offer a more affordable health benefit option. Farm Bureau looks forward to the ongoing discussion as the bill moves to the full House.”It is unknown at this time when that House vote will take place. Indiana Farm Bureau Health Benefits Bill Moves Forward for Full House Vote By Eric Pfeiffer – Feb 26, 2020 Previous articleFriday Last Day to Schedule Appointment with FSA to Compete in CRP General SignupNext articleMarket Uncertainty Looms as Farmers Get Ready to Head to the Field Eric Pfeifferlast_img read more

Robinson’s recent success no surprise to Dixon, Big 12

first_imgTCU guard Alex Robinson drives past West Virginia guard Jevon Carter. Photo by Cristian ArguetaSoto printWith the ball solely in his hands, TCU guard Alex Robinson scored eight points and school-record 17 assists in a victory over Iowa State.He followed that performance with 13 points, six assists and five rebounds against Kansas State.Most recently, he notched 17 points, seven rebounds, and nine assists in an upset victory over No. 7 West Virgina, all without sophomore guard Jaylen Fisher who underwent season-ending surgery on a torn meniscus Tuesday.During that stretch, he tallied 32 assists and 11 turnovers.Following the top-10 victory, he drew admiration from West Virginia head coach Bob Huggins.“He’s as good as anybody in our league at finding open people,” Huggins said.Robinson has filled Fisher’s void, as expected by his peers.“He’s always been big for us,” head coach Jamie Dixon said. “I hesitate when people say we lost our starter [in Fisher]. Alex is a starter. We’ve always known how good he is.”His teammates concur.Alex Robinson dribbled the ball up the court against West Virginia. Photo by Cristian ArguetaSoto“Alex is great for us,” Vladimir Brodziansky said. “Now, with Fisher out, he’ll have to step up, but we all know he can.”Robinson, an Arlington native and former four-star recruit, originally committed to Texas A&M, announced his decision to transfer to TCU during former head coach Trent Johnson’s final campaign.“Alex is an explosive point guard,” Johnson said. “He plays with good speed and is capable of making plays for himself as well as his teammates.”Robinson averaged 5.2 points and 2.6 assists as an Aggie freshman. Now in his junior season, he’s good for 8.3 points and 5.6 assists per contest.“Just being close to home and getting a chance to play for my mom’s alma mater was pretty big for me,” Robinson said. “She’s done a lot for me, so getting this opportunity to wear her number and represent her and her school is pretty cool. I just thought it was a great opportunity.”Alex Robison leaves the court during a time-out break against West Virginia. Photo by Cristian ArguetaSotoDixon, the holder of one of the best guard duos in the conference, reminisces about what could have been with two healthy guards.“The reality is, they haven’t really played together very much,” Dixon said. “They’ve played together at some points, but we’ve rarely had them together at full strength. It hasn’t gone as we planned.”Luckily for the Horned Frogs, they know how to win with Robinson at the helm.In TCU’s first game of the National Invitational Tournament last season, Fisher broke his wrist, suffering a season-ending injury. Robinson led the Horned Frogs through the tournament and hoisted the trophy at the end.The Big 12, which is widely regarded as the toughest conference in the nation, will test Robinson and the Frogs, but the Horned Frogs are prepared. Robinson will look to continue his hot streak into the Big 12/SEC Challenge against Vanderbilt in Nashville. Tip-off is set for 3 p.m. Facebook Robbie Vaglio + posts Robbie Vaglio Linkedin Another series win lands TCU Baseball in the top 5, earns Sikes conference award ReddIt ReddIt Facebook Robbie Vaglio Previous articleMen’s and women’s basketball teams building off each other’s successNext article‘Heil Manziel’ written in post-it-notes in Clark Hall window Robbie Vaglio RELATED ARTICLESMORE FROM AUTHOR TCU rowing program strengthens after facing COVID-19 setbacks Snow temporarily stepping down as honors dean Robbie Vaglio I am the executive editor of TCU 360 from Raleigh, North Carolina. If you walk by my desk in the newsroom you’ll immediately know I’m Post Malone’s biggest fan. I’m always looking for a good story to tell! If you have any story ideas, feel free to reach out! Go Panthers! Two students joined harassment and discrimination lawsuit against TCU Twitter Robbie Vaglio TCU wants ex-professor’s discrimination suit dismissed What to watch during quarantine Linkedin Twitter TCU baseball finds their biggest fan just by saying hellolast_img read more

No. 24 women’s tennis falls to Arizona State

first_imgCarolina Olivares Twitter Linkedin ReddIt TCU rowing program strengthens after facing COVID-19 setbacks Carolina Olivares Linkedin TCU vs Arkansas State women’s tennis in Fort Worth, Texas on January 19, 2018. (Photo by Gregg Ellman ) Carolina Olivares Carolina Olivares Carolina is a journalism major with a minor in Spanish. She grew up in Houston, Texas so it’s safe to say you can hear her cheering on Houston sports team, EXCEPT the Texans. She throws up the X for the Dallas Cowboys. She can’t start her day without coffee and when she’s not reporting you can find her working out or spending time with friends. Boschini pushes to change alert system company Individual safe after threatening to jump from Amon G. Carter Stadium Boschini questions English-only alert system Carolina Olivares + posts Twitter Facebook ReddIt Facebook printThe No. 24 Horned Frogs fell to No. 22 Arizona State at the Intercollegiate Tennis Association Kick-Off Weekend in a 4-1 decision at the Greenwood Tennis Center in Stillwater, Oklahoma.“Arizona State is a quality team and I certainly don’t want to take anything away from them,” TCU head coach Lee Taylor Walker said. “Coach Sheila [McInerney] is a legend and Coach [Matt] Langley has added a lot to their program as well, so first, congratulations to them. However, I’m very disappointed in the immaturity we showed tonight.” Senior Donika Bashota competing in the match against Arkansas State in Fort Worth, Texas on Jan. 19, 2018. (Photo by Gregg Ellman)The match began with a doubles competition tiebreaker. TCU senior Donika Bashota and freshman Elizabeth Tedford defeated the Sun Devil’s No. 28 Savannah Slaysman and Tereza Kolarova with a 6-3 score. However, the Horned Frogs were unable to get the victory in the final doubles match, which put them behind 1-0 overall. “There are several teams historically and currently that have had great success with freshmen, so using the freshman card is just an excuse I want to avoid all year long,” Walker said. “We had leads on every court at times and we crumbled with negativity, self-implosion, and indecisiveness.”Stevie Kennedy, a freshman from Bonita Springs, Florida, blew past No. 83 Savannah Slaysman in singles competition with scores of 6-2 and 6-4 to clinch the first ranked victory of her career. However, Arizona State responded with three consecutive singles victories, giving them the overall win. “Tennis is a sport filled with momentum changes and lots of situations of anxiety,” Walker said. “A player has to train these situations prior to competition and hardwire them into their brain so that it overrides the anxiety under pressure and they can freely perform successfully under pressure. We will be spending all our time this week on situational awareness and having a game plan that is sharp and ready for anything that comes.”TCU will continue their non-conference schedule at 1:00 p.m. at the Bayard H. Friedman Tennis Center Saturday, Feb. 3 against Texas Tech. They will follow that with a doubleheader Sunday, Feb. 4, facing Texas State at 10 a.m. and UT-Rio Grande Valley at 2 p.m. Student expected to launch sports betting app Another series win lands TCU Baseball in the top 5, earns Sikes conference award Previous articleTCU Polo brings new meaning to trusting a teammateNext articleTCU Baseball announces TV schedule Carolina Olivares RELATED ARTICLESMORE FROM AUTHOR TCU baseball finds their biggest fan just by saying hellolast_img read more

Bid to kill journalist in Sicily as mafia attacks its critics

first_imgNews News ItalyEurope – Central Asia to go further Ten RSF recommendations for the European Union September 7, 2007 – Updated on January 20, 2016 Bid to kill journalist in Sicily as mafia attacks its critics Reporters Without Borders today strongly condemned an attempt to kill journalist Lirio Abbate with a car bomb and voiced its firm support for his work, which includes reporting on organised crime for the Ansa news agency and the national daily La Stampa. Two people were disturbed early on 2 September while attaching a bomb underneath his car in Palermo, the Sicilian capital. The city’s mayor, Diego Cammarata, condemned the incident and praised him for continuing to work despite constant threats to him. The local paper Giornale di Sicilia will organise a street demonstration in Palermo tomorrow to support Abbate and in protest against the activities of organised crime. Abbate began to get threats after his book “I Complici” (The Accomplices) came out early this year. The Palermo provincial public security committee gave him a permanent police escort on 21 May, the first for any Palermo journalist, and he now moves around in a bulletproof car with two bodyguards. The would-be bombers were surprised by his guards as they put the finishing touches to the bomb.Journalist Roberto Saviano, correspondent in Naples of the weekly L’Espresso, has been under police protection since October last year after getting threats following an in-depth report he did on the city’s Mafiosi. RSF and 60 other organisations call for an EU anti-SLAPP directive News Receive email alerts Help by sharing this information Organisation Follow the news on Italy December 2, 2020 Find out more Reporters Without Borders today strongly condemned an attempt to kill journalist Lirio Abbate with a car bomb and voiced its firm support for his work, which includes reporting on organised crime for the Ansa news agency and the national daily La Stampa. ItalyEurope – Central Asia News November 23, 2020 Find out more On eve of the G20 Riyadh summit, RSF calls for public support to secure the release of jailed journalists in Saudi Arabia RSF_en November 19, 2020 Find out morelast_img read more

Journalist taken to prison three years after being sentenced

first_img Weekly seized from Gabon’s newsstands The 2020 pandemic has challenged press freedom in Africa GabonAfrica News RSF_en Help by sharing this information Follow the news on Gabon November 27, 2020 Find out more Reporters Without Borders calls for the immediate release of Norbert Ngoua Mezui, founder-editor of the privately-owned weekly Nku’u Le Message and condemns the ploy which led to his arrest. “Putting a sentence which was never served back on the agenda, three years after the facts, is a blatant attempt at manipulation against Norbert Ngoua Mezui, coming as it does in the midst of a media saga pitting him against pro-government newspapers,” the worldwide press freedom organisation said.“We are outraged at the way the police and justice systems have been made use of for political ends. The legal action against the editor of the weekly Nku’u Le Messager should have been dropped because the timescale for a public lawsuit had been exceeded. He should be released immediately.”Mezui was taken to prison to serve a 21-day sentence immediately after appearing before the state prosecutor on 18 October 2006. He had spent the previous night in a cell at the General Directorate of Research and the National Gendarmerie.He was originally sentenced to 21 days in prison in 2003 for “defamation via the press”, based on a complaint by the Treasury paymaster general after he wrote an article in the privately-owned bi-monthly Misamu saying that Equatorial Guinea was paying Gabonese officials’ salaries. He appealed but there were no further proceedings and he did not serve his sentence. His lawyer, Francis Nkéa, said he should not have legally been pursued over the case since the statute of limitations was three years. The prosecution had apparently produced falsified documents to get round this.The old case, which was dug up by the pro-government daily Le Crocodile in its 13 October edition, takes place against the background of an ongoing media conflict on the issue of Mbanié Island which is currently dividing the Gabonese press.The dailies L’Union and Le Crocodile stirred up controversy by accusing some ministers of corruption in the alleged sale of the oil-rich island to its neighbour Equatorial Guinea. Mezui’s newspaper took the side of the communications minister, implicated by the two newspapers. Gabonese journalist could spend New Year’s Eve in prison October 18, 2006 – Updated on January 20, 2016 Journalist taken to prison three years after being sentenced News Reports to go further Organisation News January 24, 2020 Find out more GabonAfrica Receive email alerts December 31, 2019 Find out morelast_img read more

Lessons From the Last Great Recession

first_img August 4, 2020 1,380 Views Related Articles  Print This Post Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago COVID-19 Foreclosure Moratorium 2020-08-04 Christina Hughes Babb Past results suggest today’s foreclosure moratoria are an appropriate response to the pandemic, according to a new study from the Ziman Center for Real Estate at the University of California.The foreclosure moratoria allowed under the CARES Act have benefitted homeowners and the overall economy and has left little or no negative impact, according to Stuart A. Gabriel, Director of the Ziman Center for Real Estate at the University of California, Los Angeles. He explained the benefits of the foreclosure moratoria, citing past evidence from the 2008 financial crisis, in an economic letter entitled “Foreclosure and Eviction Moratoria: Just Do It.” The foreclosure moratoria allowed under the CARES Act helped reinforce “shelter-in-place” orders this spring as governments worked to stem the spread of the coronavirus. The moratoria also helped prevent neighborhoods from the negative impacts foreclosure can bring, such as urban blight. “Large-scale eviction and home foreclosure in the wake of the COVID-19 pandemic likely would have been detrimental to virus spread, homelessness, and other health and social outcomes,” Gabriel wrote. “Such policies would also have been the wrong prescription for the broader economy. Evidence from our recent study suggests that the recent COVID 19-related moratoria on residential foreclosure and eviction ultimately will reduce the economic costs of the current crisis and will hasten an economic recovery as the virus abates.” Gabriel wrote that his positive view of foreclosure moratoria is “evidence-based,” rooted in outcomes from the financial crisis of 2008 when California enacted foreclosure moratoria and increased lender foreclosure costs as the financial crisis brought nearly 800,000 to the brink of foreclosure. California created policies to encourage mortgage modifications and the maintenance of foreclosed homes to prevent neighborhood blight and the inevitable damage it does to home prices in the surrounding area. The UCLA research estimates California state laws were responsible for preventing 250,000 foreclosures, keeping home prices 6% higher than they would have been otherwise, and improving home equity by $350 billion across the state. Furthermore, “we find that the policies did not create any adverse side effects for new California borrowers as regards credit rationing,” Gabriel wrote. Thus, Gabriel strongly supports the foreclosure moratoria put in place during the COVID-19 pandemic. The policy “provided immediate relief in the wake of widespread job loss” and ultimately will “mitigate the severity of the current economic downturn,” according to Gabriel. However, the moratoria in place may not be enough. The moratoria should be partnered with mortgage interest rate modifications in order to lower monthly payments for borrowers, Gabriel suggested. He also recommends that relief should be extended to multifamily rental investment properties. The economic letter was released in advance of a more extensive research paper titled, “A Crisis of Missed Opportunities? Foreclosure Costs and Mortgage Modification During the Great Recession.” Lessons From the Last Great Recession Tagged with: COVID-19 Foreclosure Moratorium Previous: How Much Will Foreclosures Surge in the Months Ahead? Next: The Industry Pulse: Changes at Brookstone, MSI The Best Markets For Residential Property Investors 2 days ago Krista Franks Brock is a professional writer and editor who has covered the mortgage banking and default servicing sectors since 2011. Previously, she served as managing editor of DS News and Southern Distinction, a regional lifestyle publication. Her work has appeared in a variety of print and online publications, including Consumers Digest, Dallas Style and Design, DS News and, MReport and She holds degrees in journalism and art from the University of Georgia. Share Save The Week Ahead: Nearing the Forbearance Exit 2 days agocenter_img Subscribe About Author: Krista F. Brock Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago in Daily Dose, Featured, Foreclosure, Government, News Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Sign up for DS News Daily Home / Daily Dose / Lessons From the Last Great Recessionlast_img read more

Conrad Petroleum increases resource estimate for Mako gas field by 76%

first_img The Mako gas field is located in the Natuna Basin, offshore Indonesia. (Credit: Conrad Petroleum Ltd.) Conrad Petroleum has increased the resource estimates for the Mako gas field offshore Indonesia by 76% to 323 billion cubic feet (Bcf) from the pre appraisal gross (full field) 1C (contingent) resource estimate of 184Bcf.The gross (full field) 2C (contingent) resource estimate of the gas field has been upgraded to 493Bcf of recoverable raw gas, which is an increase by 79% compared to the pre appraisal estimate of 276Bcf made by a previous, post-discovery and pre-appraisal drilling, independent resource assessment by Gaffney Cline & Associates (GCA) in 2019.There has been an increase of 70% in the gross (full field) 3C (contingent) resource estimate at 666Bcf of recoverable raw gas compared to the pre appraisal estimate of 392Bcf in the 2019 assessment.Conrad Petroleum has updated the resource estimates following the completion of an appraisal drilling campaign in the fourth quarter at the Mako gas field, which is contained in the Duyung block in the West Natuna basin.During the appraisal drilling campaign, both the Tambak-1 and Tambak-2 wells showed the presence of well-developed, high quality reservoir sandstones that have a common gas water contact across the Mako structure.Mako gas field likely to have a plateau production rate of 150MMscf/dEmpyrean Energy, which is partnering Conrad Petroleum in the offshore Indonesian gas project said that revised development scenarios, which are under review, indicate a plateau production rate of 150 million standard cubic feet per day (MMscf/d). Previously, the plateau production rate at the Mako gas field was estimated to be 44MMscf/d.Empyrean Energy CEO Tom Kelly said: “Obviously, we are in an extremely challenging macro environment; however, we are extremely pleased to see that the fundamental technical aspects of this project have, with excellent planning and a very well thought out and executed appraisal drilling program, become more robust.“Despite global oil prices being significantly depressed, it is worth noting that this project is high quality methane gas that will ultimately be supplied to the Singapore/ Indonesia region where the longer term demand for energy and in particular methane gas is forecast to grow.”Conrad Petroleum is the operator of the Duyung block with a 76.5% stake, while Empyrean Energy holds a stake of 8.5%. The other partner in the offshore Indonesian concession is Coro Energy, which holds the remaining stake of 15%. The resource estimates at the Mako gas field have been updated following the completion of an appraisal drilling campaign in the fourth quarter last_img read more

USS Zumwalt Completes Major Developmental Test

first_img View post tag: completes View post tag: USS View post tag: Navy View post tag: Naval The future USS Zumwalt (DDG 1000) completed a major developmental test, March 20, demonstrating the integration of the Engineering Control System (ECS) software and the ship’s Integrated Power System (IPS) at the Land Based Test Site at Naval Surface Warfare Center Carderock Division, Ship Systems Engineering Station.The test verified the software and hardware compatibility and interoperability between the ECS hardware and the IPS. Conducted by a joint Navy and industry team, this occasion marks the successful completion of the second of two developmental test events, and focused on demonstrating the dynamic control and monitoring features of the IPS using actual DDG 1000 class control system interfaces and tactical hardware.“This is an extremely significant test milestone for the DDG 1000 program,” said Capt. James Downey, DDG 1000 program manager from Program Executive Office (PEO) Ships. “This test demonstrates that the DDG 1000 program’s incremental development of technologies and robust testing plan are on track to deliver unprecedented capability to the Fleet.”DDG 1000 is the first surface combatant to be built with an IPS, which will use electric power for propulsion and ship services. The IPS generates the total ship electric power requirements, then distributes and converts it for all ship loads, including propulsion, combat systems and ship services.The test demonstrated IPS control at various levels of intelligence, including manual, man-in-the-loop and automated scenarios under normal and fault conditions. Among the functions tested were operating mode transitions, control of the IPS under full propulsion motor power demand, and automated control under various fault scenarios.Completion of this testing marks a significant milestone in a planned three-year integration and risk reduction test effort where the IPS has been demonstrated at full power – now integrated with major portions of its shipboard control system. Thoroughly testing the units at the land- based test facility greatly reduces construction risk at Bath Iron Works. Additional risk reduction testing will continue to support ship activation into 2013.The lead ship of the DDG 1000 class, USS Zumwalt, is currently 67 percent complete and scheduled to deliver in fiscal year 2014, with an initial operating capability in fiscal year 2016. The second ship, USS Michael Monsoor (DDG 1001), is over 26 percent complete. DDG 1002 is scheduled to start fabrication in April 2012.As one of the Defense Department’s largest acquisition organizations, PEO Ships, an affiliated PEO of NAVSEA, is responsible for executing the development and procurement of all destroyers, amphibious ships, special mission and support ships, special warfare craft, and foreign military sales.[mappress]Naval Today Staff , March 23, 2012; Back to overview,Home naval-today USS Zumwalt Completes Major Developmental Test View post tag: Zumwalt View post tag: major View post tag: Developmental View post tag: News by topic March 23, 2012 Industry news USS Zumwalt Completes Major Developmental Test View post tag: test Share this articlelast_img read more