NEW YORK , Dec. 5, 2024 /PRNewswire/ -- Report with the AI impact on market trends - The global IT asset disposition (ITAD) market size is estimated to grow by USD 14.85 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 11.48% during the forecast period. Growing implementation of regulatory compliances regarding data security is driving market growth, with a trend towards increasing strategic partnerships and acquisitions by vendors. However, low awareness of itad poses a challenge. Key market players include 3 Step IT Group Oy, Apto Solutions Inc., Blancco Technology Plc, BRP Infotech Pvt. Ltd., CompuCom Systems Inc., DataSpan Inc., Dell Technologies Inc., EOL IT Services Ltd., Hewlett Packard Enterprise Co., Ingram Micro Inc., International Business Machines Corp., Iron Mountain Inc., LifeSpan International Inc., Ocean Enterprises LLC, Renewtech, Sims Ltd., SK Inc., TBS Industries Inc., Total IT Global, and Xeptor BV. Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View Free Sample PDF Market Driver The IT Asset Disposition (ITAD) market is experiencing significant trends with a focus on data security, environmental protection, and regulatory compliance. NAID AAA and ISO standards ensure secure data destruction and responsible recycling. Asset recovery through data destruction, lifecycle management services, and reverse logistics are major drivers. Personally Identifying Information (PII) protection is crucial in cloud-based computing and data centers. ERI, Iron Mountain Incorporated, and Homeboy Recycling lead the ITAD industry, addressing old assets from IT & telecom segments. Regulatory requirements, such as HIPAA security rule, pose obstacles, but comprehensive ITAD programs help organizations navigate these challenges. The evolution of technologies, including cloud migration, data center consolidation, virtualization, and cloud adoption, impacts ITAD. Apple, a key player, data security. Major drivers include regulatory compliances, environmental safety, and legislation addressing e-waste. Investments in cloud-based technologies and new technologies like online auction platforms segment the ITAD market. Asset types include computers, Mobile Devices, Servers, Digital Storage Devices, Peripherals, and various services like Data Destruction, Recycling, Reverse Logistics, De-Manufacturing, and Remarketing. The Data Destruction segment dominates, with verticals like Aerospace & Defense and Energy and Power requiring specialized services. IOS 15 and other new technologies influence the market. Organizations must adapt to these trends and work processes to effectively manage IT equipment and ensure data security and environmental protection. Vendors in the IT Asset Disposition (ITAD) market are expanding their global reach and enhancing their competitive positions through strategic moves such as mergers and acquisitions, partnerships, and collaborations. For instance, IBM Corp. Bought SXiQ, an Australian digital transformation services company, in November 2021 , to broaden its cloud offerings. Similarly, Hewlett Packard Enterprise Co. Acquired Ampool in July 2021 , to boost its hybrid analytics capabilities. In August 2020 , CompuCom Systems Inc. Teamed up with Office Depot to offer IT hardware and services to small and mid-sized businesses in the US, supporting their remote workplaces. These deals demonstrate the industry's ongoing consolidation and collaboration trends. Request Sample of our comprehensive report now to stay ahead in the AI-driven market evolution! Market Challenges The IT Asset Disposition (ITAD) market is experiencing significant growth due to the increasing need for organizations to manage their old IT equipment in an environmentally responsible and secure manner. Challenges in this market include adhering to regulatory requirements such as NAID AAA and ISO standards for data destruction and asset recovery. Personally Identifying Information (PII) and data security are major concerns, especially with the rise of cloud-based computing and cloud migration. Data centers, ERI, and IT & telecom segments are key areas of focus, with data center consolidation, virtualization, and cloud adoption driving demand for ITAD services. Major drivers include regulatory compliances like HIPAA security rule, environmental safety, and legislation against e-waste. Major players in the ITAD market include Iron Mountain Incorporated and Homeboy Recycling. Asset types such as computers, mobile devices, servers, digital storage devices, and peripherals are all part of the ITAD market segmentation. Services offered include data destruction, recycling, reverse logistics, de-manufacturing, remarketing, and lifecycle management services. The evolution of technologies like cloud-based computing and new technologies pose obstacles to the ITAD industry, but comprehensive ITAD programs can help organizations navigate these challenges. Apple, for instance, has implemented strict data security measures for its iOS 15 devices. The Data Destruction segment is expected to dominate the market due to the increasing importance of data security. Investments in ITAD market are expected to grow, driven by the need for organizations to stay compliant with regulatory requirements and ensure environmental protection. Online auction platforms are also playing a role in the ITAD market, providing organizations with an additional revenue stream for their old assets. Overall, the ITAD market is a complex and dynamic industry that requires organizations to stay up-to-date with the latest technologies, work processes, and regulatory requirements to effectively manage their IT equipment and ensure data security and environmental safety. IT assets reach the end of their lifecycle and must be disposed of in an appropriate manner. Compliance with regulations and environmental concerns is crucial. Some companies opt for third-party IT asset disposition services, but it's essential to ensure these providers follow proper procedures and maintain accountability. Neglecting IT asset disposal responsibly can lead to potential data security risks and environmental hazards. Companies must establish clear guidelines and processes for IT asset disposal to mitigate these risks. Proper IT asset disposition involves secure data destruction, responsible recycling, and adherence to all relevant regulations. Discover how AI is revolutionizing market trends- Get your access now! Segment Overview This it asset disposition (itad) market report extensively covers market segmentation by 1.1 Large organizations 1.2 Small organizations 2.1 Computers 2.2 Mobile devices 2.3 Others 3.1 North America 3.2 Europe 3.3 APAC 3.4 South America 3.5 Middle East and Africa 1.1 Large organizations- Large organizations face the challenge of managing complex IT infrastructures with a high volume of diverse equipment and significant amounts of sensitive data. With frequent technology upgrades and refresh cycles, a substantial number of IT assets are retired regularly. Securely disposing of these assets is essential to prevent data breaches and adhere to strict data privacy regulations. IT Asset Disposition (ITAD) services provide a scalable solution for managing the efficient disposal of large volumes of equipment. Outsourcing ITAD services to specialized providers ensures a streamlined and secure process, driving demand for these services among large enterprises. This demand is expected to positively impact the growth of the global ITAD market during the forecast period. Download a Sample of our comprehensive report today to discover how AI-driven innovations are reshaping competitive dynamics Research Analysis The IT Asset Disposition (ITAD) market is a critical segment of the tech industry, focusing on the proper disposal and recycling of end-of-life IT equipment. ITAD services include asset recovery, data destruction, and lifecycle management. ISO standards ensure adherence to strict guidelines for data security and environmental protection. With the rise of cloud-based computing, data centers are downsizing, leading to an influx of old assets. Personally Identifying Information (PII) must be securely erased to comply with regulations like HIPAA. ERI, Netflix, and Amazon are among the companies leveraging ITAD services. Consolidation and BYOD trends drive the need for comprehensive ITAD programs. Energy-efficient products and IT lifecycle solutions are essential as technologies evolve. Obstacles include regulatory requirements and data security concerns. Las Vegas facility tours showcase best practices. The industry continues to adapt to cloud migration and the evolution of technologies. Market Research Overview The IT Asset Disposition (ITAD) market is a critical segment of the tech industry, focusing on the proper disposal and repurposing of IT equipment and technologies. ITAD services include asset recovery, data destruction, lifecycle management, and regulatory compliance. With the evolution of technologies such as cloud-based computing, data centers, and virtualization, the ITAD market is experiencing significant growth. Data security and environmental protection are major drivers in the ITAD industry, with NAID AAA and ISO standards ensuring the secure and responsible handling of Personally Identifying Information (PII) and other sensitive data. Regulatory requirements, such as HIPAA security rules, also play a role in the market. Obstacles to the ITAD market include consolidation in the industry, cloud migration, and data center decommissioning. However, new technologies, such as cloud-based ITAD solutions and online auction platforms, are helping to address these challenges. The ITAD market is segmented by asset type, including computers, mobile devices, servers, digital storage devices, peripherals, and services like data destruction, recycling, reverse logistics, de-manufacturing, and remarketing. Major industries served include Aerospace & Defense, Energy and Power, and the IT & telecom segment. Major players in the ITAD market include ERI, Iron Mountain Incorporated, and Homeboy Recycling, among others. The market is also impacted by legislation, such as e-waste regulations, and investments in new technologies, such as cloud-based ITAD solutions and new data destruction methods. Apple's recent announcement of iOS 15 includes new features for data security and privacy, further emphasizing the importance of ITAD services in the tech industry. Overall, the ITAD market is expected to continue growing as organizations seek to manage their IT equipment and data securely and responsibly. Table of Contents: 1 Executive Summary 2 Market Landscape 3 Market Sizing 4 Historic Market Size 5 Five Forces Analysis 6 Market Segmentation Industry Application Large Organizations Small Organizations Type Computers Mobile Devices Others Geography North America Europe APAC South America Middle East And Africa 7 Customer Landscape 8 Geographic Landscape 9 Drivers, Challenges, and Trends 10 Company Landscape 11 Company Analysis 12 Appendix About Technavio Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Contacts Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: [email protected] Website: www.technavio.com/ SOURCE Technavio
North Carolina has interviewed former New England Patriots coach and six-time Super Bowl champion Bill Belichick for its head coaching position, two people with knowledge of the situation said Thursday. Both people spoke to The Associated Press on condition of anonymity because the school isn't commenting publicly on its search. Belichick's interview, first reported by Inside Carolina, comes a week after the school fired its winningest coach in College Football Hall of Famer Mack Brown. The school announced Nov. 26 that Brown wouldn't return for a seventh season in his second stint at the school, with Brown staying on to coach last weekend's rivalry loss to N.C. State. Former Cleveland Browns coach Freddie Kitchens is working as the interim coach for an upcoming bowl game as UNC conducts it search. Moving on from the 73-year-old Brown to hire the 72-year-old Belichick would mean UNC is turning to a coach who has never worked at the college level, yet had incredible NFL success alongside quarterback Tom Brady throughout most of his 24-year tenure with the Patriots that ended last season . In the time since, he had been linked to NFL jobs , notably the Atlanta Falcons in January. UNC’s opening comes at a time of rapid changes in college athletics with free player movement through the transfer portal and players able to cash in on their athletic fame with endorsement opportunities. There’s also the impending arrival of revenue sharing, part of a $2.8 billion antitrust settlement proposal that gained preliminary approval by a judge in October. “I think it's a great time for me to get out,” Brown said after Saturday's loss to the Wolfpack. “This isn't the game that I signed up for. It's changed so much.” In an UNC-produced podcast earlier this week, athletic director Bubba Cunningham said all the coaches the school is talking with about its job “are playing,” with college football having reached its conference title games before unveiling the 12-team College Football Playoff and bowl assignments. Cunningham said then that “fit” was the most important thing in finding Brown’s successor. “There's a certain person that’s best suited at the right time, at the right place,” he said. “And right now, that’s we’re looking for: Where are we today, who can lead us in the next three, five, 10 years?” Get poll alerts and updates on the AP Top 25 throughout the season. Sign up here . AP college football: https://apnews.com/hub/ap-top-25-college-football-poll and https://apnews.com/hub/college-footballB.C. premier says feds and premiers have right-left strategy to tackle Trump tariffs
John Healey said that the Government’s “interest” in Hayat Tahrir al-Sham (HTS), is “that they live up to their promises to protect” rights, when he spoke to reporters after a Cobra meeting on Thursday. HTS is banned in the UK because of its past association with al Qaida, the terrorist organisation once led by Osama bin Laden. But its leader, Abu Mohammed al-Golani, cut ties with al Qaida years ago and has sought to present his group as a more moderate and inclusive organisation, leading some to suggest the group should no longer be proscribed. When asked whether the Government was considering the status of the group, Mr Healey said: “Proscription is not a matter for now. “It doesn’t stop us talking to all the parties, and our interest in HTS is that they live up to their promises to protect the rights of all individuals and all groups, to respect international law and to prevent Syria becoming a base for a fresh terrorist threat.” Mr Healey said that Thursday’s meeting was “about making sure we have, as a Government, a laser focus on the role that we can play with allies to see a stable, peaceful transition. “So that the Syrians get the government they need for the future, and the region can see the stability in the future that it also needs.” Cobra meetings are called when ministers or officials need to respond to urgent matters. Following the toppling of the Bashar Assad regime over the weekend, the UK has paused decisions on asylum applications from Syria. Thousands of Syrians have been granted asylum in the UK but, earlier this week, the Home Office said decisions on applications would be paused while events unfold in Damascus. When asked how long the system would be paused for, and whether the move was fair, Mr Healey said on Thursday: “This is early days. “It’s a measure in response to rapidly changing developments, and the most important thing for us now is that the UK plays and will continue to play a full role with allies to see a stable, peaceful, orderly transition and that requires a political process. “It requires dialogue at the heart of it, and today’s ministerial meeting, the Cobra meeting, was about making sure that we do just that.” Earlier on Thursday, G7 leaders said that they “stand with the people of Syria” and “denounce terrorism and violent extremism in all its forms”. In a statement, Sir Keir Starmer and his counterparts said: “The G7 will work with and fully support a future Syrian government that abides by those standards and results from that process.” It went on: “After decades of atrocities committed by the Assad regime, we stand with the people of Syria. We denounce terrorism and violent extremism in all its forms. “We are hopeful that anyone seeking a role in governing Syria will demonstrate a commitment to the rights of all Syrians, prevent the collapse of state institutions, work on the recovery and rehabilitation of the country, and ensure the conditions for safe and dignified voluntary return to Syria of all those who were forced to flee the country.”
CALGARY, Alberta, Dec. 05, 2024 (GLOBE NEWSWIRE) -- Athabasca Oil Corporation (TSX: ATH) ("Athabasca” or the "Company”) is pleased to announce its 2025 budget with capital projects that will balance cash flow growth while continuing to deliver a durable return of capital framework that will direct 100% of Free Cash Flow to share buybacks in 2025. Corporate Consolidated Strategy and Outlook About Athabasca Oil Corporation Athabasca Oil Corporation is a Canadian energy company with a focused strategy on the development of thermal and light oil assets. Situated in Alberta's Western Canadian Sedimentary Basin, the Company has amassed a significant land base of extensive, high quality resources. Athabasca's light oil assets are held in a private subsidiary (Duvernay Energy Corporation) in which Athabasca owns a 70% equity interest. Athabasca's common shares trade on the TSX under the symbol "ATH”. For more information, visit www.atha.com . Reader Advisory: This News Release contains forward-looking information that involves various risks, uncertainties and other factors. All information other than statements of historical fact is forward-looking information. The use of any of the words "anticipate”, "plan”, "project”, "continue”, "maintain”, "may”, "estimate”, "expect”, "will”, "target”, "forecast”, "could”, "intend”, "potential”, "guidance”, "outlook” and similar expressions suggesting future outcome are intended to identify forward-looking information. The forward-looking information is not historical fact, but rather is based on the Company's current plans, objectives, goals, strategies, estimates, assumptions and projections about the Company's industry, business and future operating and financial results. This information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information. No assurance can be given that these expectations will prove to be correct and such forward-looking information included in this News Release should not be unduly relied upon. This information speaks only as of the date of this News Release. In particular, this News Release contains forward-looking information pertaining to, but not limited to, the following: our strategic plans; the allocation of future capital; timing and quantum for shareholder returns including share buybacks; the terms of our NCIB program; our drilling plans and capital efficiencies; production growth to expected production rates and estimated sustaining capital amounts; timing of Leismer's and Hangingstone's pre-payout royalty status; applicability of tax pools and the timing of tax payments; Adjusted Funds Flow and Free Cash Flow over various periods; type well economic metrics; number of drilling locations; forecasted daily production and the composition of production; our outlook in respect of the Company's business environment, including in respect of the Trans Mountain pipeline expansion and heavy oil pricing; and other matters. In addition, information and statements in this News Release relating to "Reserves" and "Resources” are deemed to be forward-looking information, as they involve the implied assessment, based on certain estimates and assumptions, that the reserves and resources described exist in the quantities predicted or estimated, and that the reserves and resources described can be profitably produced in the future. With respect to forward-looking information contained in this News Release, assumptions have been made regarding, among other things: commodity prices; the regulatory framework governing royalties, taxes and environmental matters in the jurisdictions in which the Company conducts and will conduct business and the effects that such regulatory framework will have on the Company, including on the Company's financial condition and results of operations; the Company's financial and operational flexibility; the Company's financial sustainability; Athabasca's cash flow break-even commodity price; the Company's ability to obtain qualified staff and equipment in a timely and cost-efficient manner; the applicability of technologies for the recovery and production of the Company's reserves and resources; future capital expenditures to be made by the Company; future sources of funding for the Company's capital programs; the Company's future debt levels; future production levels; the Company's ability to obtain financing and/or enter into joint venture arrangements, on acceptable terms; operating costs; compliance of counterparties with the terms of contractual arrangements; impact of increasing competition globally; collection risk of outstanding accounts receivable from third parties; geological and engineering estimates in respect of the Company's reserves and resources; recoverability of reserves and resources; the geography of the areas in which the Company is conducting exploration and development activities and the quality of its assets. Certain other assumptions related to the Company's Reserves and Resources are contained in the report of McDaniel & Associates Consultants Ltd. ("McDaniel”) evaluating Athabasca's Proved Reserves, Probable Reserves and Contingent Resources as at December 31, 2023 (which is respectively referred to herein as the "McDaniel Report”). Actual results could differ materially from those anticipated in this forward-looking information as a result of the risk factors set forth in the Company's Annual Information Form ("AIF”) dated February 29, 2024 available on SEDAR at www.sedarplus.ca, including, but not limited to: weakness in the oil and gas industry; exploration, development and production risks; prices, markets and marketing; market conditions; climate change and carbon pricing risk; statutes and regulations regarding the environment including deceptive marketing provisions; regulatory environment and changes in applicable law; gathering and processing facilities, pipeline systems and rail; reputation and public perception of the oil and gas sector; environment, social and governance goals; political uncertainty; state of capital markets; ability to finance capital requirements; access to capital and insurance; abandonment and reclamation costs; changing demand for oil and natural gas products; anticipated benefits of acquisitions and dispositions; royalty regimes; foreign exchange rates and interest rates; reserves; hedging; operational dependence; operating costs; project risks; supply chain disruption; financial assurances; diluent supply; third party credit risk; indigenous claims; reliance on key personnel and operators; income tax; cybersecurity; advanced technologies; hydraulic fracturing; liability management; seasonality and weather conditions; unexpected events; internal controls; limitations and insurance; litigation; natural gas overlying bitumen resources; competition; chain of title and expiration of licenses and leases; breaches of confidentiality; new industry related activities or new geographical areas; water use restrictions and/or limited access to water; relationship with Duvernay Energy Corporation; management estimates and assumptions; third-party claims; conflicts of interest; inflation and cost management; credit ratings; growth management; impact of pandemics; ability of investors resident in the United States to enforce civil remedies in Canada; and risks related to our debt and securities. All subsequent forward-looking information, whether written or oral, attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these cautionary statements. Also included in this News Release are estimates of Athabasca's 2024 outlook which are based on the various assumptions as to production levels, commodity prices, currency exchange rates and other assumptions disclosed in this News Release. To the extent any such estimate constitutes a financial outlook, it was approved by management and the Board of Directors of Athabasca and is included to provide readers with an understanding of the Company's outlook. Management does not have firm commitments for all of the costs, expenditures, prices or other financial assumptions used to prepare the financial outlook or assurance that such operating results will be achieved and, accordingly, the complete financial effects of all of those costs, expenditures, prices and operating results are not objectively determinable. The actual results of operations of the Company and the resulting financial results may vary from the amounts set forth herein, and such variations may be material. The outlook and forward-looking information contained in this New Release was made as of the date of this News release and the Company disclaims any intention or obligations to update or revise such outlook and/or forward-looking information, whether as a result of new information, future events or otherwise, unless required pursuant to applicable law. Oil and Gas Information "BOEs" may be misleading, particularly if used in isolation. A BOE conversion ratio of six thousand cubic feet of natural gas to one barrel of oil equivalent (6 Mcf: 1 bbl) is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. As the value ratio between natural gas and crude oil based on the current prices of natural gas and crude oil is significantly different from the energy equivalency of 6:1, utilizing a conversion on a 6:1 basis may be misleading as an indication of value. Initial Production Rates Test Results and Initial Production Rates: The well test results and initial production rates provided herein should be considered to be preliminary, except as otherwise indicated. Test results and initial production rates disclosed herein may not necessarily be indicative of long-term performance or of ultimate recovery. Reserves Information The McDaniel Report was prepared using the assumptions and methodology guidelines outlined in the COGE Handbook and in accordance with National Instrument 51-101 Standards of Disclosure for Oil and Gas Activities, effective December 31, 2023. There are numerous uncertainties inherent in estimating quantities of bitumen, light crude oil and medium crude oil, tight oil, conventional natural gas, shale gas and natural gas liquids reserves and the future cash flows attributed to such reserves. The reserve and associated cash flow information set forth above are estimates only. In general, estimates of economically recoverable reserves and the future net cash flows therefrom are based upon a number of variable factors and assumptions, such as historical production from the properties, production rates, ultimate reserve recovery, timing and amount of capital expenditures, marketability of oil and natural gas, royalty rates, the assumed effects of regulation by governmental agencies and future operating costs, all of which may vary materially. For those reasons, estimates of the economically recoverable reserves attributable to any particular group of properties, classification of such reserves based on risk of recovery and estimates of future net revenues associated with reserves prepared by different engineers, or by the same engineers at different times, may vary. The Company's actual production, revenues, taxes and development and operating expenditures with respect to its reserves will vary from estimates thereof and such variations could be material. Reserves figures described herein have been rounded to the nearest MMbbl or MMboe. For additional information regarding the consolidated reserves and information concerning the resources of the Company as evaluated by McDaniel in the McDaniel Report, please refer to the Company's AIF. Reserve Values (i.e. Net Asset Value) is calculated using the estimated net present value of all future net revenue from our reserves, before income taxes discounted at 10%, as estimated by McDaniel effective December 31, 2023 and based on average pricing of McDaniel, Sproule and GLJ as of January 1, 2024. The 500 gross Duvernay drilling locations referenced include: 37 proved undeveloped locations and 76 probable undeveloped locations for a total of 113 booked locations with the balance being unbooked locations. Proved undeveloped locations and probable undeveloped locations are booked and derived from the Company's most recent independent reserves evaluation as prepared by McDaniel as of December 31, 2023 and account for drilling locations that have associated proved and/or probable reserves, as applicable. Unbooked locations are internal management estimates. Unbooked locations do not have attributed reserves or resources (including contingent or prospective). Unbooked locations have been identified by management as an estimation of Athabasca's multi-year drilling activities expected to occur over the next two decades based on evaluation of applicable geologic, seismic, engineering, production and reserves information. There is no certainty that the Company will drill all unbooked drilling locations and if drilled there is no certainty that such locations will result in additional oil and gas reserves, resources or production. The drilling locations on which the Company will actually drill wells, including the number and timing thereof is ultimately dependent upon the availability of funding, commodity prices, provincial fiscal and royalty policies, costs, actual drilling results, additional reservoir information that is obtained and other factors. Non-GAAP and Other Financial Measures, and Production Disclosure The "Corporate Consolidated Adjusted Funds Flow", "Athabasca (Thermal Oil) Adjusted Funds Flow", "Duvernay Energy Adjusted Funds Flow", "Corporate Consolidated Free Cash Flow”, "Athabasca (Thermal Oil) Free Cash Flow" and "Duvernay Energy Free Cash Flow" financial measures contained in this News Release do not have standardized meanings which are prescribed by IFRS and they are considered to be non-GAAP financial measures or ratios. These measures may not be comparable to similar measures presented by other issuers and should not be considered in isolation with measures that are prepared in accordance with IFRS. Sustaining Capital and Net Cash are supplementary financial measures. The Leismer and Hangingstone operating results are supplementary financial measures that when aggregated, combine to the Athabasca (Thermal Oil) segment results. Adjusted Funds Flow and Free Cash Flow Adjusted Funds Flow and Free Cash Flow are non-GAAP financial measures and are not intended to represent cash flow from operating activities, net earnings or other measures of financial performance calculated in accordance with IFRS. The Adjusted Funds Flow and Free Cash Flow measures allow management and others to evaluate the Company's ability to fund its capital programs and meet its ongoing financial obligations using cash flow internally generated from ongoing operating related activities. Sustaining Capital Sustaining Capital is managements' assumption of the required capital to maintain the Company's production base. Net Cash Net Cash is defined as the face value of term debt, plus accounts payable and accrued liabilities, plus current portion of provisions and other liabilities plus income tax payable less current assets, excluding risk management contracts. Production volumes details This News Release also makes reference to Athabasca's forecasted average daily Thermal Oil production of 33,500 ‐ 35,500 bbl/d for 2025. Athabasca expects that 100% of that production will be comprised of bitumen. Duvernay Energy's forecasted total average daily production of ~4,000 boe/d for 2025 is expected to be comprised of approximately 68% tight oil, 23% shale gas and 9% NGLs. Liquids is defined as bitumen, tight oil, light crude oil, medium crude oil and natural gas liquids. Break Even is an operating metric that calculates the US$WTI oil price required to fund operating costs (Operating Break-even), sustaining capital (Sustaining Break-even), or growth capital (Total Capital) within Adjusted Funds Flow. Enterprise Value to Debt Adjusted Cash Flow is a valuation metric calculated by dividing Enterprise Value (Market Capitalization plus Net Debt) divided by Cash Flow before interest costs.Manchester United teammates Rasmus Hojlund and Amad Diallo exchanged words after the final whistle of a 2-1 victory on Thursday. And manager Ruben Amorin has no problem with it. “For me, it’s a very, very good sign,” Amorin said after his team beat Viktoria Plzen to stay unbeaten in the Europa League. Hojlund scored two goals and hoped for a centering pass from Diallo to go for a hat trick in the final minutes. The Denmark striker didn't get the pass, though. Viktoria had been pushing forward looking for an equalizer, which created space for United counters. On another break shortly afterward, Hojlund opted to keep the ball. The pair then had a heated post-game exchange. “We need to feel something,” Amorin said. “If we need to fight each other, it's like a family. When you don't care, you don't do nothing. When you care — you fight with your brother, with your mother, your father.” AP soccer: https://apnews.com/hub/soccerNone
Shares of Amara Raja Energy & Mobility are expected to stay in the spotlight today after the company announced on Thursday that Hyundai Motors (HMIL) has partnered with them to equip its domestic product lineup with AMARON batteries . “Hyundai Motor India Limited (HMIL), India’s smart mobility solutions provider, will equip its domestic product line-up with AMARON’s Made-in-India AGM (Absorbent Glass Mat) battery technology,” said the company in an exchange filing. HMIL aims to equip its models with indigenously manufactured AGM batteries in Q4 of FY 2024-2025, making it the first auto OEM in India to use localized AGM technology. The move is in-line with HMIL’s dedicated efforts towards localization and introducing locally sourced innovative technologies for Indian customers. “We are thrilled to be a part of Hyundai Motor India Limited’s journey of redefining future mobility. This is a significant step in AMARON’s mission to deliver world-class energy solutions that meet the evolving demands of Original Equipment Manufacturers (OEMs). These batteries are designed to meet stringent Real Driving Emissions (RDE) norms like India’s BS6 Phase 2 standards,” said Harshavardhana Gourineni, Executive Director at Amara Raja Energy & Mobility. Stock Trading Technical Analysis Made Easy: Online Certification Course By - Souradeep Dey, Equity and Commodity Trader, Trainer View Program Stock Trading Candlesticks Made Easy: Candlestick Pattern Course By - elearnmarkets, Financial Education by StockEdge View Program Stock Trading Introduction to Technical Analysis & Candlestick Theory By - Dinesh Nagpal, Full Time Trader, Ichimoku & Trading Psychology Expert View Program Stock Trading Commodity Markets Made Easy: Commodity Trading Course By - elearnmarkets, Financial Education by StockEdge View Program Stock Trading Options Scalping Made Easy By - Sivakumar Jayachandran, Ace Scalper View Program Stock Trading Market 101: An Insight into Trendlines and Momentum By - Rohit Srivastava, Founder- Indiacharts.com View Program Stock Trading ROC Made Easy: Master Course for ROC Stock Indicator By - Souradeep Dey, Equity and Commodity Trader, Trainer View Program Stock Trading RSI Made Easy: RSI Trading Course By - Souradeep Dey, Equity and Commodity Trader, Trainer View Program Stock Trading Options Trading Course For Beginners By - Chetan Panchamia, Options Trader View Program Stock Trading Heikin Ashi Trading Tactics: Master the Art of Trading By - Dinesh Nagpal, Full Time Trader, Ichimoku & Trading Psychology Expert View Program Stock Trading A2Z of Stock Trading - Online Stock Trading Course By - elearnmarkets, Financial Education by StockEdge View Program The made-in-India AMARON AGM batteries have outperformed the conventional CMF (Complete Maintenance Free) batteries by about 150% in rigorous real-world durability tests, the company stated. Also read: International Gemmological Institute IPO listing today. GMP hints at solid gains With a wider operational temperature and longer life span, AGM batteries are a more appropriate fit for dynamic Indian driving conditions. The shares of Amara Raja Energy & Mobility closed 1.7% lower at Rs 1,220.50 on the BSE on Thursday. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel )
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