Cesc Fabregas starts for Chelsea against West Brom after recovering from a hamstring problem, while Willian is also in the side. Ramires is among the Blues substitutes, as is the fit-again Andre Schurrle.For Albion, Craig Gardner returns from suspension but Jonas Olsson and Sebastien Pocognoli are out injured.Chelsea: Courtois; Ivanovic, Cahill, Terry, Azpilicueta; Matic, Fabregas; Willian, Oscar, Hazard; Costa.Subs: Cech, Zouma, Filipe Luis, Ramires, Schurrle, Drogba, Remy. West Brom: Foster, Wisdom, Dawson, Lescott, Yacob, Baird, Gardner, Brunt, Dorrans, Sessegnon, Berahino.Subs: Myhill, Gamboa, McAuley, Morrison, Anichebe, Samaras, Ideye.Follow West London Sport on TwitterFind us on Facebook
Biomimetics has been big for years now, but scientists are still a long way from catching up to biology’s engineering.ROBOTICSStanford researchers study birds to improve how robots land (Stanford University). Have you ever owned a parakeet? You watch it flitter about in its cage, jumping from perch to perch, even clinging to the wires of the cage. Engineers at one of the most prestigious universities in America can’t build something that can do that. They can only watch the living bird in wonder, and take slow-motion movies, trying to figure it out. They’d like to do it, because they could make better robots.“Modern aerial robots usually need either a runway or a flat surface for easy takeoff and landing. For a bird, almost everywhere is a potential landing spot, even in cities,” said Chin, who is part of the lab of David Lentink, assistant professor of mechanical engineering. “We really wanted to understand how they accomplish that and the dynamics and forces that are involved.”Even the most advanced robots come nowhere near the grasping ability of animals when dealing with objects of varying shapes, sizes and textures. So, the researchers gathered data about how Gary [a parakeet] and two other birds land on different kinds of surfaces, including a variety of natural perches and artificial perches covered in foam, sandpaper and Teflon.“This is not unlike asking an Olympic gymnast to land on Teflon-covered high bars without chalking their hands,” said Lentink, who is senior author of the paper. Yet, the parrotlets made what seems almost impossible for a human look effortless.ENERGYNature offers potential for endless renewable fuel supplies (Australian National University). Civilization’s energy problems and climate fears could be solved if we could just do what plants do: split water. Science has been studying photosynthesis for decades. Why is it so hard?Lead researcher Dr Nick Cox said if humans could split water using cheap materials like nature did, society would have an endless supply of cheap hydrogen fuel for transportation, without carbon emissions that contribute to human-caused climate change.“Enough sunlight hits the Earth in a single hour to power all human activity for over a year,” said Dr Cox from the ANU Research School of Chemistry.“Plants use this harvested energy to split water and make complex carbohydrates which provide food for the plant to grow and thrive. This process also enriches our atmosphere with oxygen for animals, including humans, to breathe.“Copying this process from nature would lead to new and improved renewable energy storage technologies.”We want it, so let’s do it. Why the delay? Even photosynthetic bacteria have solved this physics problem. What’s the matter? Why can’t the geniuses in the world’s university do what a microbe or a leaf does?It’s not for lack of trying, but progress is slow. The press release boasts that ANU scientists at the Energy Change Institute have “cracked a key step” in the process. They found an enzyme that “stretches like a concertina” at a key step. This change “enables the orderly uptake of water to begin the splitting process,” they say. Well, that’s nice to know. But it only reveals that scientists have not even started getting into position to begin to commence building a working photosynthesis machine to harvest the plenteous sunlight striking our planet.COMPOSITESNew bio-inspired technology is poised to disrupt the composites industry (UC Riverside). Composites are materials made out of multiple ingredients designed for certain purposes. Materials science has a long history going back to ancient civilizations. For thousands of years, though, no human engineer has matched biological materials for both hardness, resistance to cracking and light weight. Bones, teeth and mother-of-pearl are examples. The mantis shrimp, with its glass-shattering club, adds a special touch: Scientists at UCR noticed a helical shape of wrapping around its “fist” that protects it.In the mantis shrimp, the helicoid prevents cracks from growing and ultimately dissipates significant amounts of energy from strikes to avoid catastrophic failure. It achieves immense impact resistance without adding unnecessary weight. Kisailus and his team discovered manufacturing ultrastrong composite materials and components using this helicoid structure results in lighter, tougher, and more impact-resistant products.Helicoid Industries hopes to sublicense the technology to the sporting goods, wind turbine, aerospace, auto parts, defense, and industrial components industries. The impact in the sporting goods industry could be significant, where weight of equipment is an issue.UCR scientists are obtaining a $5 million loan to begin commercialization of their helicoid material. Nature’s composites have a significant advantage over man’s feeble attempts at imitation: they renew and rebuild themselves throughout the lifetime of the organism. They can also reduce all the programming instructions for building structures like nacre or the mantis shrimp’s club into digital code that can draw in molecules from the environment and build new ones (i.e., baby mantis shrimp).The tone of this entry isn’t intended to disparage scientists trying to achieve success in robotics, photosynthesis and materials; more power to them! Their incremental steps are impressive. It’s intended, rather, to show the superiority of nature’s designs. If our brightest-brained scientists can’t do what plants, shrimp and birds can do, who is to argue that those organisms just happened?And yet, that’s what the materialist consensus believes! Two of these three examples (out of many) are polluted with Darwinist mythoids, stated as fact-free BAD assertions. The Stanford team says they are “studying natural systems that have evolved over millions of years” – who are they kidding? The UCR team says, “Millions of years ago, the ‘smasher’ mantis shrimp, one of nature’s feistiest predators, evolved an internal structure to protect the hammer-like club it uses to pulverize prey with incredible speed and force.” Oh good grief.To their credit, the Australia team refrained from such silliness, both in the press release and PNAS paper. That goes to show that Darwin mythoids are superfluous to papers on biological designs. 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Share Facebook Twitter Google + LinkedIn Pinterest By Luke Schulte, Beck’s HybridsAs I am writing this, many corn and soybean acres have yet to be planted throughout the state. However, my hope is that by the time you read this, your crop will have emerged and will be growing vigorously.One thing that is certain for later planted corn is that the vegetative growth period will be expedited. By now, many of you have been made aware of the research conducted by The Ohio State University and Purdue University which has shown that, on average, a hybrid requires 6.8 GDU’s less per day to reach black layer or physiological maturity when planted after May 1. This is possible because of the accelerated accumulation of heat units or GDU’s. Instead of producing a new leaf every five to seven days prior to the V7 growth stage, later planted corn will more likely produce a new leaf every four to six days within this same period. Corn that is between the V7 and VT growth stage typically produces a new leaf every two to three days, and late-planted corn leaf production will likely occur even quicker.This is important for several reasons, but primarily for the timely completion of sidedress nitrogen (N) applications as well as post-application herbicide treatments. Sidedress nitrogenNitrogen is important to corn for several reasons; however, its role in photosynthesis and silk development is critical.In the process of photosynthesis, chlorophyll absorbs light energy to transform carbon dioxide and water into carbohydrates and oxygen. Chlorophyll is primarily comprised of N. While the process of photosynthesis is key to corn at any planting date, late-planted corn has an increased need to maximize light absorption due to its condensed growing season.Nitrogen is also a fundamental component to silk development and thus, pollination. Corn begins the rapid N uptake period around the V7 to V8 growth stage and initial silk development occurs at approximately the V10 growth stage. Nitrogen is a vegetative nutrient that helps to drive silk development. Corn plants absorb N from the soil as both ammonium (NH4+) and nitrate (NO3-) ions, but because nitrate N moves freely towards the roots as they absorb water, most N is taken up as nitrate. Because the process of converting ammonium to nitrate can take several weeks, sidedress applications must be made with enough time prior to the rapid N uptake period to ensure adequate soil nitrate N is available for the plant. This is even more important when utilizing anhydrous ammonia, urea, or ammonium sulfate sources of N in sidedress treatments. POST herbicide treatmentsLate-planted corn can grow extremely fast, deceptively outgrowing post-application herbicide height restrictions. See example herbicide labels below:Roundup PowerMAX: Broadcast through V8 or 30 inches, 30- to 48-inch corn requires drop nozzlesLiberty: Up to 24-inch corn or in the V7 growth stageWhile a portion of the labeled height precaution speaks to the ability of getting adequate weed coverage as the corn plant grows taller and develops more leaves, it’s also important to recall what is taking place with the development of the stalk at various growth stages. The number of rows per ear is determined between the V5 and V8 growth stages while the potential number of kernels per row is determined approximately a week before silks emerge. Even hybrids containing herbicide-tolerant traits must still metabolize any post-applied herbicides. Because of this, post-application treatments applied off-label, or too late in the season, have the potential to negatively impact ear size.Be careful when it comes to deciding whether to utilize growth regulator herbicides (those containing dicamba, Stinger, or 2,4-D) in post-applications as these products have the potential to make corn brittle. As referenced above, late-planted corn will progress through the vegetative growth stages very quickly, making it already more vulnerable to wind or mechanical injury.
References Tanielian, T. L., Jaycox, L. (2008). Invisible wounds of war: Psychological and cognitive injuries, their consequences, and services to assist recovery. Santa Monica, CA: RAND. Jones, A. D. (2012). Intimate partner violence in military couples: A review of the literature. Aggression and Violent Behavior, 17(2), 147-157. Stanley, S.M., Allen, E.S., Markman, H.J. (2010). Decreasing divorce in U.S. Army couples: Results from a Randomized controlled trial using PREP for Strong Bonds. Journal of Couple & Relationship Therapy: Innovations, 9(2), 149-160.This post was written by Kimberly Quinn, University of Florida M.Ed./M.S. Candidate, 1LT Florida Army National Guard. She is a member of the MFLN Family Development (FD) team which aims to support the development of professionals working with military families. Find out more about the Military Families Learning Network FD concentration on our website, on Facebook, on Twitter, YouTube, and on LinkedIn. By Kimberly Quinn, Family Development Research Assistant[Flickr, Holding-Hands by Yowl Ben-Avraham,CC BY-ND 2.0] Retrieved on September 17, 2015Military couples have a unique set of relationship education resources at their fingertips, but these services may be underutilized. Professionals working with military couples can help by spreading the word. Marriage can be considered a protective factor for post-traumatic stress and depression. For instance, married service members are 46 % less likely to be diagnosed with depression, and 20% less likely to present with post traumatic stress symptoms than their single counterparts . Furthermore, among those returning from Afghanistan and Iraq, service members who were separated or divorced reported higher levels of depression and post-traumatic stress . The typical victim of intimate partner violence (IPV) in the military is under twenty-five years old, is a parent and has been married two years or less . Marriage strengthening can support service members and their spouses while undergoing separations and protect against family violence. Below are examples of programs that are available to military couples, but there may be other programs specific to local installations and communities.Mixon, K. (2013). Marriage Enhancement Programs through the Military Services. Kacy Mixon gives eXtension.org permission to use her personal photo.Click on the program name for direct links:Strong Bonds-contact local chaplainPrevention and Relationship Enhancement Program (PREP) -contact installation chaplainMarriage Enrichment Retreats (MER)-contact CREDO siteMarriage Care-contact installation specific programsOperation Military Family–contact program directorMarriage Management-contact program director
He has also been unable to find a steady home ever since, as Charlotte will be his fourth team in six seasons—with brief stops with the Los Angeles Lakers, Houston Rockets and Atlanta Hawks. Khristian Ibarrola/JBRELATED STORY:NBA: Dwight Howard looks to add 3-pointer to repertoire next seasonADVERTISEMENT BSP sees higher prices in November, but expects stronger peso, low rice costs to put up fight Frontrow holds fun run to raise funds for young cancer patients LOOK: Loisa Andalio, Ronnie Alonte unwind in Amanpulo for 3rd anniversary View comments Nonong Araneta re-elected as PFF president LATEST STORIES Read Next Kammuri turning to super typhoon less likely but possible — Pagasa Protesters burn down Iran consulate in Najaf PLAY LIST 01:37Protesters burn down Iran consulate in Najaf01:47Panelo casts doubts on Robredo’s drug war ‘discoveries’01:29Police teams find crossbows, bows in HK university01:35Panelo suggests discounted SEA Games tickets for students02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games MOST READ Although injuries have been a major concern for the 31-year-old center for the past seasons, Jordan believes that Howard’s struggles could also be attributed to his attitude and demeanor on the court.“Why are you so pissed off?” Jordan asked his new prized center in a phone call this off season, according to Sports Illustrated.FEATURED STORIESSPORTSWATCH: Drones light up sky in final leg of SEA Games torch runSPORTSSEA Games: Philippines picks up 1st win in men’s water poloSPORTSMalditas save PH from shutout“When you’re pissed, you’re out of control, and you’re not focusing on your shots or your free throws or the right type of defense… Why play pissed when you can play determined?” the six-time NBA champion added.Since leaving the Magic in the 2012-2013 NBA season, Howard has regressed statistically and has struggled to develop new skills that will fit in the league’s new uptempo style. Dwight Howard (left). NOTE TO USER User expressly acknowledges and agrees that, by downloading and or using this photograph, user is consenting to the terms and conditions of the Getty Images License Agreement. Kevin C. Cox/Getty Images/AFPDwight Howard may no longer be the athletic specimen he once was, but NBA legend and Charlotte Hornets’ owner Michael Jordan believes he could still be effective in today’s fast-paced league.The Hornets acquired the services of the eight-time NBA All-Star this off-season, in hopes of rekindling his earlier dominance, where he averaged around 20 points and 14 rebounds per contest.ADVERTISEMENT Don’t miss out on the latest news and information. E.T. returns to earth, reunites with grown-up Elliott in new ad Brace for potentially devastating typhoon approaching PH – NDRRMC La Salle blows lead, holds off Adamson in Mbala’s return Fire hits houses in Mandaluyong City
Trump strips away truth with hunky topless photo tweet Lacson: SEA Games fund put in foundation like ‘Napoles case’ All five of his victories have come on clay.Despite losing, 25-year-old Hanfmann, the world number 170, enjoyed the best result of his career this week in reaching the final, having also knocked out third seed Feliciano Lopez of Spain in the second round.FEATURED STORIESSPORTSSEA Games: Biñan football stadium stands out in preparedness, completionSPORTSPrivate companies step in to help SEA Games hostingSPORTSWin or don’t eat: the Philippines’ poverty-driven, world-beating pool stars Church, environmentalists ask DENR to revoke ECC of Quezon province coal plant Sports Related Videospowered by AdSparcRead Next LATEST STORIES DILG, PNP back suspension of classes during SEA Games FEU Auditorium’s 70th year celebrated with FEU Theater Guild’s ‘The Dreamweavers’ Spanish Liga to file complaint vs PSG over Neymar Italy’s Fabio Fognini kisses the sign of Gstadd after winning his final game against Germany’s Yannick Hanfmann at the final of the Swiss Open ATP 250 tennis tournament on July 30, 2017 in Gstaad. / AFP PHOTO / Fabrice COFFRINIFabio Fognini beat Yannick Hanfmann 6-4, 7-5 in the Gstaad ATP tournament final on Sunday to win his fifth tour title.The 31-year-old Italian, ranked 31 in the world, was playing in his 13th ATP final.ADVERTISEMENT Robredo: True leaders perform well despite having ‘uninspiring’ boss PLAY LIST 02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City01:07Trump talks impeachment while meeting NCAA athletes02:49World-class track facilities installed at NCC for SEA Games Ethel Booba on hotel’s clarification that ‘kikiam’ is ‘chicken sausage’: ‘Kung di pa pansinin, baka isipin nila ok lang’ Don’t miss out on the latest news and information. Robredo should’ve resigned as drug czar after lack of trust issue – Panelo MOST READ National Coffee Research Development and Extension Center brews the 2nd National Coffee Education Congress View comments
New Delhi, Nov 1 (PTI) Debt-ridden Jaiprakash Associates today said the RBI has approved the companys plan to exchange existing convertible bonds worth USD 150 million due in 2017 with those maturing in 2020-21.The bondholders had already approved the proposed exchange offer in June this year.In a filing to the BSE, Jaiprakash Associates informed that “the RBI has approved the proposed exchange offer on October 30”.In terms of the notice and the extraordinary resolution, the company and the lead bondholders have agreed to further extend the “long stop date” to November 30, it added.The company said its finance committee of board of directors will meet on November 16 to take necessary steps in this regard.In June, Jaiprakash Associates had said that bondholders agreed to exchange outstanding existing foreign currency convertible bonds (FCCBs) worth USD 150 million. The bonds were issued in September 2012 with maturity in 2017 and a coupon rate of 5.75 per cent.As per the proposal, the bondholders agreed to exchange their current bonds with FCCBs worth USD 38.64 million bearing the same coupon rate with maturity in 2021 and amortising bonds worth USD 81.69 million with coupon rate of 4.76 per cent and maturity in 2020.The company agreed to make certain upfront payments to bondholders who decided to waive defaults of existing bonds under this proposed exchange offer, subject to certain conditions, including the approval from the RBI.Jaypee Group is facing a debt crisis and its group firm Jaypee Infratech has been taken over by a National Company Law Tribunal (NCLT)-appointed IRP (Insolvency Resolution Professional) for recovery of bad loans.advertisementThe group is facing huge protest from home buyers due to significant delays in delivery of projects and doubt over its financial health.Jaiprakash Associates, which is the flagship company of the Jaypee group, is selling its assets to repay debt.It is a diversified infrastructure company engaged in segments like engineering, construction and real estate development, cement manufacturing, hospitality and sports management.In a notice to shareholders for the annual general meeting (AGM) held on September 23, Jaiprakash Associates had said it has taken various steps to reduce its debt, including sale of cement plants.The company has divested a substantial portion of its cement business with a capacity of 17.2 MTPA (million tonnes per annum) to Aditya Birla Group firm UltraTech Cement at an enterprise value of Rs 16,189 crore.It also plans to sell entire 74 per cent stake in Bhilai Jaypee Cement Ltd for an enterprise value of Rs 1,450 crore and the deal is expected to be concluded by year-end.Bhilai Jaypee Cement owns 1.1 MTPA clinker plant at Satna in Madhya Pradesh and 2.2 MTPA cement grinding unit at Bhilai, Chhattisgarh. PTI MJH MKJ
TagsOpinionAbout the authorCarlos VolcanoShare the loveHave your say Nabil Fekir Q&A: Real Betis star on season start, Rubi & Europeby Carlos Volcanoa month agoSend to a friendShare the loveWhile Real Betis have stumbled in the first weeks of the season, Nabil Fekir is happy with how he’s settled. We caught up with the midfielder to discuss his first impressions… Question: Well… to begin with, thank you very much for welcoming LaLiga to your new home, here at Real Betis. First of all, welcome to LaLiga, Nabil, it’s a pleasure that you are here. What attracted you to LaLiga?Answer: Well, everyone knows this championship, it’s one of the best championships in the world and coming here to play was something I was really looking forward to from the very beginning and well, now I have been able to make that challenge come true.Q: What did you see in Real Betis’ project that brought you here?A: I had a meeting with the directing board and it went well, they explained me the project they had and that they wanted to be on the top of the table, and also take a ticket to Europe next season, I liked that and I did not hesitate one second. Q: How do you see the team now, not having had a perfect start?A: Frankly, we have a great team. It is true that in the two first games, the results were not the expected but there are new players and a new coach and a new technical staff. We need to let time go by so that everyone learns to get to know each other and learn to work together and I hope that we do that very soon. Q: Before the interview we spoke about Sevilla, a very sunny, hot city, very attractive to live in. What do you think about your new home?A: I like it very much, frankly, it’s very, very good. It is true that it is a bit hotter than in France but it’s a pleasure to be here. It makes me happy. This is a calm city, there are many fans and it is a pleasure to see that so many people are involved with the club. Q: Have you had the time to visit around the city a bit?A: Yes, I have, and as I said, it’s a nice city, very calm, small and very comfortable to live in. Q: How did you adapt to the club and how did they welcome you here?A: To be honest, the welcome to the club was really, really good. They all welcomed me very well: the players, the board and the technical staff. They all did their best so that everything worked out well and it’s great they put so much effort in making a player feel good. Q: We have already talked about the first two games of the season, that left a bitter taste, but you all showed a good level. What’s there to improve in the team?A: We can improve it all, as I have said, this is the beginning of the season and I hope that the team is able to play together, finding the automatisms needed and that we are on a good mood. I don’t have any doubts on the way we train and I know that there’s great quality so I hope that we start winning from Saturday on and that the machine starts working perfectly.Q: Back there we can see the Benito Villamarín, how do you feel the support of Real Betis fans?A: As I said previously, they are amazing fans. We need them and we will need them all throughout the season. It’s now our turn to do everything we have to do so that they are happy and everyone is satisfied. Q: You have played under Rubi and you have completed the pre-season with him, you know him a bit better now. What have you learnt from him? What is he asking from you?A: He asks for me to play with freedom. We are working on the tactics and the positions. He is a new coach and that is brand-new for us. But, so far, everything’s going well and we home that we continue working in the same way we are doing now. We are working well and that’s the important thing. Q: Individually, you have shown a great level and you have marveled the world of Spanish football with your good game against Real Valladolid and your superb goal at Camp Nou. How are you feeling?A: I am feeling very well, I am happy here. Furthermore, the most important thing is the team, not me as an individual. We are a team and the most important thing is that the team wins and that things go well, but anyway, I am going to do everything possible to give my best for this club. Q: Can you tell us more about the goal you scored at Camp Nou?A: We recovered the ball upfront, after, Sergio gave it on to Loren and then Loren gave me a through pass and I put the ball where I had to put it to’ be able to score.Q: When you scored, you seemed relieved, is that a correct feeling?A:No, I was not stressed out, but obviously I like to score goals, especially being an offensive player as I am. It’s always nice to score to gain confidence but as I said, I am not the most important thing. The team is the most important thin and if the team is going well, I will be fine. Q: What do you think is the team’s goal for the season?A: The goal for the season is that we do well on the pitch, that we are focused and on a good mood, and that we can have the chance to fight for the upper spots of the table and to return to Europe, because we have a group with great quality and that is the goal we have set at the beginning of the season. Q: We have talked about Europe, I imagine that’s a dream for the team, playing in Europe and, if possible in the Champions League, right?A: Well, that will be complicated, but we are going to give our best. We have to be ambitious and I believe all players here are ambitious and that we are all eager to play at the highest level, and the highest level is in Europe and we are going to give our all to achieve it. Q: We all know that Real Betis have an astonishing midfield: Canales, Guardado, William Carvalho, Tello and yourself… How do you connect with each other and how do you play together?A: We understand each other well, as you said, it’s a high-level midfield, with great players and in a great club and now, I will have been here for a month already, we are starting to get to know each other well and everything is going better and better. Q: Joaquin is probably the most charismatic player at Real Betis and he is a club legend. How is he personally and as a player?A: He is very good, I have no complaints. He gives us his good humor and it is important to have someone like him on the team that gives his support to everyone. He has a good spirit and the mood you always have to have and in spite of being a 38-year-old he still has great quality and you can see that on the pitch. Q: Let’s go back to talking about your way of playing. We can see that it has maybe varied a bit from Lyon to Betis, because it seems as though here you have more freedom to do whatever you want and to move around freely. Is that so?A: Well, in Lyon I had a lot of freedom too, but I had been a long time there and I needed new challenges. I came here with great ambition and they paid a high amount for me and so I will give my all to show the level that they are expecting from me.Q: How do you explain the fans of Real Betis the that the team will have on the pitch under Rubi and after the great signings of Borja Iglesias and yourself?A: Well the is based on the possession. We try to hurt the opponents and we use the spaces in the best way possible with Borja upfront, intriguing them with the attackers. I hope that we can already express everything we have on the pitch.Q: Now, in LaLiga you have met many teammates from Les Bleus: Griezmann, Dembélé, Varane. Lemar, Umtiti… it seems as though LaLiga is in vogue in France. A: Yes, that’s good. As I said, this is a very attractive championship that attracts the greatest players and I hope that it continues being as it5 is and that we always have great players in this championship. Q: I imagine that the people in the club have told you about the great rivalry there is between Sevilla FC and Real Betis, how do you see Sevilla FC?A: It is true that it is the derby, but we have to take it game after game and I try to think about the present moment. This is game after game and we will already think about preparing the game against them in the week of ther derby. We will do our best to win that game. Q: Have they already explained you that the city is divided between the red and the green colours in the derby days?A: Yes, they have told me something about it, but there is nothing better than just seeing things by yourself and as I said, I am at ease, there are many games before the derby and we are preparing them, when we get to the derby week, we will focus on that game. Q: What would be the dreamt result for you in both derbies? A: The most important thing is to win. As we say in France, you don’t play a derby, you win a derby, so the most important thing is that we play a good game and that we bring it home. Q: To finish, What’s the coolest or funniest thing that happened to you ever since you arrived at Real Betis?A: Ever since I arrived at Betis… I think it was the hazing in the stage in Mexico, when they made me sing.
CALGARY – International oil and gas producer Vermilion Energy Inc. is taking advantage of low valuations for “unloved” Canadian energy assets in a $1.4-billion deal to buy a Saskatchewan-focused rival, its CEO said Monday.The company will issue $1.23 billion worth of Vermilion shares and assume about $175 million in debt to buy fellow Calgary-based producer Spartan Energy Corp. in a transaction expected to close in June.CEO Tony Marino said Vermilion has been watching the Saskatchewan energy sector for about five years and first entered the field in 2014 because it of its light oil-producing wells and good pipeline access to markets in the United States.“The Canadian sector continued to be more and more unloved over time, especially in the past year in the capital markets, and with our evaluation methodology and criteria we had, we found it came to represent better and better value,” he said on a conference call.“Spartan is probably the best example of this out there in that you have a company that is quite capable of rapid production growth.”In January, Vermilion bought an unnamed private company with production of about 1,150 barrels of oil per day from wells near the southern Saskatchewan-Manitoba border for about $91 million in cash.The Spartan deal is expected to add about 23,000 barrels of oil equivalent per day, taking Vermilion’s overall output to about 95,000 boe/d.The deal is an opportunistic one for Vermilion and allows Spartan to escape “an increasingly frustrating” market where investors haven’t rewarded its operational expertise with a fair stock price, said analyst Kristopher Zack of Desjardins Capital Markets in a report.He said he doesn’t think a superior bid will emerge, despite Spartan getting only a five per cent premium over Friday’s closing price, noting there is a $40-million break fee if the deal isn’t completed.Both company’s boards of directors have endorsed the deal but it must receive at least two-thirds approval from shareholders to be finalized.Marino said the deal will increase Vermilion’s percentage of production from North America to about 60 per cent from 46 per cent but it will continue its strategy to have geographically diverse holdings.The company has European production from operations in Ireland, France, Netherlands and Germany and also produces oil from an offshore project in Australia.Vermilion said it is increasing its overall 2018 production guidance to a midpoint of 88,000 boe/d from 76,000 boe/d previously — it reported about 72,800 boe/d in the fourth quarter.It said it will increase its 2018 capital budget to $430 million from $325 million to reflect spending planned for the acquired lands.Follow @HealingSlowly on Twitter.Companies in this story: (TSX:VET, TSX:SPE)
Some of the most active companies traded Tuesday on the Toronto Stock Exchange:Toronto Stock Exchange (16,159.50, down 47.82 points).RNC Minerals. (TSX:RNX). Metals. Down 41 cents, or 35.65 per cent, to 74 cents on 64.1 million shares.Aurora Cannabis Inc. (TSX:ACB). Healthcare. Up 50 cents, or 4.07 per cent, to $12.77 on 53 million shares.Baytex Energy Corp. (TSX:BTE). Energy. Down two cents, or 0.52 per cent, to $3.81 on 8.7 million shares.Wallbridge Mining Co. Ltd. (TSX:WM). Metals. Up two cents, or 6.67 per cent, to 32 cents on 8.1 million shares.Aphria Inc. (TSX:APH). Healthcare. Down 38 cents, or 1.91 per cent, to $19.54 on 7.3 million shares.First Quantum Minerals Ltd. (TSX:FM). Base metals. Down 24 cents, or 1.5 per cent, to $15.72 on 7.3 million shares.Companies reporting major news:Transat A.T. (TSX:TRZ). Down 10 cents or 1.27 per cent to $7.77. The travel company has taken its first concrete step toward getting shovels in the sand on its $750-million plan develop a hotel chain in the Riviera Maya and the Caribbean, announcing a deal Tuesday to buy land on Mexico’s Yucatan Peninsula. Transat said it aims to build a beach resort on a newly purchased lot in the village of Puerto Morelos — less than 40 kilometres from Cancun — and on an adjacent property, for which it has signed a promissory agreement. The combined deal would cost between US$54 million and US$57 million, Transat said.Shopify Inc. (TSX:SHOP). Down $1.19 or 0.57 per cent to $208.45. The founder of Shopify says Canada shouldn’t be too quick to celebrate when U.S. technology giants head north of the border. Tobi Lutke outlined his frustration at how Canadian talent and intellectual property seeps out of the country in a Tuesday interview with The Canadian Press, where he touched on the dangers of U.S. technology brands starting up branch offices in Canada.Aurora Cannabis. Inc. (TSX:ACB). Up 50 cents or 4.1 per cent to $12.77. The licensed marijuana producer says it is “more than ready” for the legalization of recreational pot next month, with enough supply to meet all its commitments to provinces and territories. Aurora’s chief corporate officer Cam Battley also says the cannabis firm doesn’t expect to need supply agreements with other licensed producers to bridge inventory gaps. Canada officially legalizes recreational cannabis for adult use on Oct. 17.