
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. 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 . 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. “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. 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. 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. 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 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 is managements’ assumption of the required capital to maintain the Company’s production base. 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. 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.
BOULDER, Colo. — Travis Hunter is a throwback-type player — an elite receiver one moment, a lockdown cornerback the next — who rarely leaves the field and has a knack for making big plays all over it. The Colorado Buffaloes' two-way standout (see: unicorn) even celebrates at an elite level, unveiling imaginative dance moves following touchdowns and interceptions, some of which include the Heisman Trophy pose. It's one of the many awards he's in line to win. Hunter is the The Associated Press college football player of the year, receiving 26 of 43 votes Thursday from a panel of AP Top 25 voters. Boise State tailback Ashton Jeanty finished second with 16 votes and Arizona State running back Cameron Skattebo received one vote. "Couldn't do what I do without my team," Hunter said in an email on a trip to Las Vegas for an awards ceremony. "So I view being up for these awards as team awards." A player with his particular set of skills doesn't come around that often. He's a flashback to the days of Charles Woodson at Michigan or Champ Bailey at Georgia. Or even his coach, Deion Sanders, a two-way star in the NFL. The prospect of significant playing time on both sides of the ball is what led Hunter to join Sanders at Jackson State and why he followed Sanders to Boulder. "Coach Prime was the only coach who would consider allowing me to do what I'm doing," said Hunter, who's expected to be a top-five pick next spring in the NFL draft, possibly even the No. 1 overall selection. "He did it and knows what it takes — how much you have to be ready on both sides of the ball." Want to fuel Hunter? Simply tell him he can't. "I'm motivated when people tell me I can't do something," Hunter said. "That I can't dominate on both sides of the ball. I want to be an example for others that anything is possible. Keep pursuing your dreams." Hunter helped the 20th-ranked Buffaloes to a 9-3 record this season and a berth in the Alamo Bowl against No. 17 BYU (10-2) on Dec. 28. He played 688 defensive snaps and 672 more on offense — the lone Power Four conference player with 30-plus snaps on both sides of the ball, according to Colorado research. Hunter has already won a second straight Paul Hornung award as the game's most versatile player. He's up for the Walter Camp (player of the year), Maxwell (most outstanding player), the Biletnikoff (best receiver) and Bednarik (top defensive player) awards. And, of course, the Heisman, where he's the odds-on favorite to win over Jeanty this weekend. Hunter can join the late Rashaan Salaam as the only Colorado players to capture the Heisman. Salaam won it in 1994 after rushing for 2,055 yards. Hunter wasn't a finalist for the Jim Thorpe Award, which goes to the nation's top defensive back. That drew the wrath of Sanders, who earned the award with Florida State in 1988 and vowed to give his trophy to Hunter. Hunter's high school coach, Lenny Gregory, knew he had a special player the summer of Hunter's freshman year. Gregory, then the coach at Collins Hill in Georgia, had a conditioning test for his players — run six 200-yard dashes with a minute rest in between. Defensive backs had to complete each in under 32 seconds. Hunter never even got winded. He played safety/cornerback and receiver as a freshman and helped Collins Hill to a state title his senior season. "I remember just talking to colleges the spring of his ninth-grade year and telling coaches that this kid's going to be the No. 1 player in the country," recounted Gregory, who's now the coach at Gordon Central High in Calhoun, Georgia. "They'd look at him and laugh at me, 'What are you talking about? This scrawny kid? He's not big enough.' I was like, 'Just watch. Just watch.'" Hunter finished the regular season with 92 catches for 1,152 yards and 14 touchdowns as a receiver. On defense, he had four interceptions, broke up 11 passes and forced one crucial fumble, which secured an OT win over Baylor. Overall, Hunter had 92 receptions and allowed 22. He hauled in 14 receiving TDs and allowed just one. He was responsible for 53 first downs and gave up just six. He was targeted 119 times by Shedeur Sanders & Co. but only 39 times by opposing QBs. Hunter's likely final game in Boulder, a rout of Oklahoma State, was a three-touchdown, one-interception performance. "I'm used to seeing him do all this spectacular stuff," Shedeur Sanders said. "I'm used to all this stuff — you all are just now seeing it on national stage." Be the first to know Get local news delivered to your inbox!NoneRookie da Silva provides Magic with consistent effort until Banchero’s return
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WEST PALM BEACH, Fla. (AP) — President-elect Donald Trump on Saturday threatened 100% tariffs against a bloc of nine nations if they act to undermine the U.S. dollar. His threat was directed at countries in the so-called BRIC alliance, which consists of Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran and the United Arab Emirates. Turkey, Azerbaijan and Malaysia have applied to become members and several other countries have expressed interest in joining. While the U.S. dollar is by far the most-used currency in global business and has survived past challenges to its preeminence, members of the alliance and other developing nations say they are fed up with America’s dominance of the global financial system . The dollar represents roughly 58% of the world’s foreign exchange reserves, according to the IMF and major commodities like oil are still primarily bought and sold using dollars. The dollar's dominance is threatened, however, with BRICS' growing share of GDP and the alliance's intent to trade in non-dollar currencies — a process known as de-dollarization. Trump, in a Truth Social post, said: “We require a commitment from these Countries that they will neither create a new BRICS Currency, nor back any other Currency to replace the mighty U.S. Dollar or, they will face 100% Tariffs, and should expect to say goodbye to selling into the wonderful U.S. Economy." At a summit of BRIC nations in October, Russian President Vladimir Putin accused the U.S. of “weaponizing” the dollar and described it as a “big mistake.” “It’s not us who refuse to use the dollar,” Putin said at the time. “But if they don’t let us work, what can we do? We are forced to search for alternatives.” Russia has specifically pushed for the creation of a new payment system that would offer an alternative to the global bank messaging network, SWIFT, and allow Moscow to dodge Western sanctions and trade with partners. Trump said there is "no chance" BRIC will replace the U.S. dollar in global trade and any country that tries to make that happen "should wave goodbye to America.” Research shows that the U.S. dollar's role as the primary global reserve currency is not threatened in the near future. An Atlantic Council model that assesses the dollar’s place as the primary global reserve currency states the dollar is “secure in the near and medium term” and continues to dominate other currencies. Trump's latest tariff threat comes after he threatened to slap 25% tariffs on everything imported from Mexico and Canada, and an additional 10% tax on goods from China, as a way to force the countries to do more to halt the flow of illegal immigration and drugs into the U.S. He has since held a call with Mexican President Claudia Sheinbaum, who said Thursday she is confident that a tariff war with the United States can be averted. Canadian Prime Minister Justin Trudeau returned home Saturday after meeting Trump, without assurances the president-elect will back away from threatened tariffs on Canada.Grim news for Aussie jobseekers as market is shrinkingPolitics and Compatibility: CharmDate.com Says Honesty is the Best PolicyThe David Jiricek sweepstakes are finally over. The Minnesota Wild have acquired the defenseman from the Columbus Blue Jackets , along with a fifth-round pick, in exchange for defenseman Daemon Hunt and a first, second and fourth-round pick. Trade details, per sources: To #mnwild : David Jiricek, 5th Rd Pick To #CBJ : Damon Hunt, 2025 1st Rd Pick, 2027 2nd Rd Pick, 4th Rd Pick Jiricek was ranked first on Daily Faceoff insider Frank Seravalli’s Trade Targets list , as he had been in trade rumours for several weeks now after the 2022 sixth-overall pick had been dissatisfied with his playing time with the Blue Jackets. After playing only 43 games last year while averaging 14:36 of ice time, his role had grown even smaller this season by averaging 11:12 in only six games before he was demoted to the AHL. With this happening across multiple front offices and coaching staffs, it was clear to both parties that he needed a new home. With Jiricek, the Wild now have one of the best upsides on the right side of their blueline along with Brock Faber, along with two other excellent defensemen in Jared Spurgeon and Jonas Brodin. It’s unclear where Jiricek will slot in just yet, especially with both Faber and Spurgeon ahead of him on the depth chart on the right side. In return, the Blue Jackets get a depth defenseman in Hunt to replace Jiricek on their depth chart, although he doesn’t come with nearly the upside that Jiricek does. The centerpiece of the trade for Columbus is the picks in return, including the Wild’s upcoming first-round pick. As mentioned before, Jiricek had played just six games with the Wild this season, collecting an assist in those games. However, he did have 2 goals and 1 assist for 3 points in 4 games in the AHL with the Blue Jackets’ minor league affiliate, the Cleveland Monsters. Jiricek is in the second year of his three-year entry-level contract with a $918,333 cap hit. Hunt has played just one game for the Wild this season, going pointless in a 4-1 win over the St. Louis Blues on October 15th. He also has 4 assists in 9 games with the AHL with the Wild’s minor league affiliate, the Iowa Wild. Hunt is in the final year of his three-year entry-level contract with a $828,333 cap hit, and will be a restricted free agent at the end of the season. This article first appeared on Daily Faceoff and was syndicated with permission.
WEST PALM BEACH, Fla. (AP) — President-elect Donald Trump on Saturday threatened 100% tariffs against a bloc of nine nations if they act to undermine the U.S. dollar. His threat was directed at countries in the so-called BRIC alliance, which consists of Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran and the United Arab Emirates. Turkey, Azerbaijan and Malaysia have applied to become members and several other countries have expressed interest in joining. While the U.S. dollar is by far the most-used currency in global business and has survived past challenges to its preeminence, members of the alliance and other developing nations say they are fed up with America’s dominance of the global financial system . The dollar represents roughly 58% of the world’s foreign exchange reserves, according to the IMF and major commodities like oil are still primarily bought and sold using dollars. The dollar's dominance is threatened, however, with BRICS' growing share of GDP and the alliance's intent to trade in non-dollar currencies — a process known as de-dollarization. Trump, in a Truth Social post, said: “We require a commitment from these Countries that they will neither create a new BRICS Currency, nor back any other Currency to replace the mighty U.S. Dollar or, they will face 100% Tariffs, and should expect to say goodbye to selling into the wonderful U.S. Economy." At a summit of BRIC nations in October, Russian President Vladimir Putin accused the U.S. of “weaponizing” the dollar and described it as a “big mistake.” “It’s not us who refuse to use the dollar,” Putin said at the time. “But if they don’t let us work, what can we do? We are forced to search for alternatives.” Russia has specifically pushed for the creation of a new payment system that would offer an alternative to the global bank messaging network, SWIFT, and allow Moscow to dodge Western sanctions and trade with partners. Trump said there is "no chance" BRIC will replace the U.S. dollar in global trade and any country that tries to make that happen "should wave goodbye to America.” Research shows that the U.S. dollar's role as the primary global reserve currency is not threatened in the near future. An Atlantic Council model that assesses the dollar’s place as the primary global reserve currency states the dollar is “secure in the near and medium term” and continues to dominate other currencies. Trump's latest tariff threat comes after he threatened to slap 25% tariffs on everything imported from Mexico and Canada, and an additional 10% tax on goods from China, as a way to force the countries to do more to halt the flow of illegal immigration and drugs into the U.S. He has since held a call with Mexican President Claudia Sheinbaum, who said Thursday she is confident that a tariff war with the United States can be averted. Canadian Prime Minister Justin Trudeau returned home Saturday after meeting Trump, without assurances the president-elect will back away from threatened tariffs on Canada.This week, Meta announced that it had donated $1 million to President-elect Donald Trump’s inaugural fund. The fund is used to finance the festivities that accompany the president-elect’s inauguration day celebrations. It would seem to be yet another sign that the tech giant is doing its best to get on the good side of a man that once threatened to send its CEO to prison for the rest of his life. Meta’s generous financial gift—which is pretty big as far as inaugural contributions go—follows on the heels of other conciliatory moves made by Zuck. In November, the tech mogul dined with the President-elect at Mar-a-Lago, after which Meta said its CEO was “grateful for the invitation to join President Trump for dinner and the opportunity to meet with members of his team about the incoming administration.” Prior to the election, Zuckerberg also spoke with Trump and complimented him, saying that he thought it was “badass” how he handled the assassination attempt against him. The Meta founder also presented Trump with a significantly cheaper gift in the form of his company’s Ray-Ban smart glasses. It makes sense that Zuck is turning on the charm since Trump has repeatedly threatened to throw him in prison. Indeed, an ongoing theme with Trump has been that Zuckerberg somehow helped undermine his electoral chances during the 2020 presidential election. This year, Trump actually co-authored a coffee table book in which he alleged that Zuck and his wife, Priscilla Chan, had conspired against him. While the book is vague on the details of what this so-called conspiracy entailed, it is thought to be a reference to a series of large election infrastructure donations that Zuckerberg and Chan made to election offices in 2020. For whatever reason, Trump seems to presume that these donations undermined his electoral chances that year. The book states that, should the tech CEO ever “do anything illegal” again, he will “spend the rest of his life in prison.” Trump has also threatened Zuckerberg with prison and prosecution at other points, typically via posts on his social media platform , Truth Social. Meta’s inauguration gift is yet another effort by the tech platform to stay in the good graces of the new president, which is not a particularly unique thing for a company to do when there’s a new administration. Indeed, while the actual presidential inauguration—the part where the President is sworn in—is publicly funded, many of the celebrations after the initial ceremony, technically known as “inauguration events,” are fueled by private donations. Indeed, a broad variety of people and organizations can give to the president’s inaugural committee but, more often than not, the biggest donations come from corporations, lobbyists, and political action committees. These donations are broadly viewed as an attempt to curry favor with the incoming administration. The rules of inaugural donations can be changed from presidency to presidency. For instance, in 2009, in a show of populist solidarity, Obama banned corporate contributions to his inaugural celebrations. However, he subsequently lifted that cap in 2012. A study showed that 40 percent of Obama’s 2013 inaugural funds came from special interest groups, with telecom AT&T being the single largest donor (it gave $4.1 million). During his first rodeo, Trump’s 2016 inaugural committee raised a whopping $107 million , which was the biggest inaugural haul for a president in U.S. history. For comparison, Obama’s 2013 inauguration raised about $43 million, while his 2009 inauguration raised $55 million. In 2016, Trump’s only cap was on contributions from lobbyists. The companies that were the biggest spenders for Trump’s inauguration included military-industrial-complex notables Lockheed Martin and Boeing, as well as Wall Street mainstays Bank of America and JPMorgan Chase. Other notable contributors included Dow Chemical, Pfizer, Microsoft, Google, and a number of private prison companies , like CoreCivic, Geo Group, and Union Supply Group. Again, the single biggest contributor was AT&T, with a donation of some $2 million. Notably, Trump’s first inauguration was not without controversy. In 2022, the Trump Organization and Trump’s inauguration committee paid $750,000 to the District of Columbia to resolve allegations, lobbed by D.C. Attorney General Karl Racine, that they had misused funds. Trump said at the time that the payment was not an admission of guilt or culpability.Walker's 20 help IU Indianapolis knock off Trinity Christian 106-49
BOULDER, Colo. — Travis Hunter is a throwback-type player — an elite receiver one moment, a lockdown cornerback the next — who rarely leaves the field and has a knack for making big plays all over it. The Colorado Buffaloes' two-way standout (see: unicorn) even celebrates at an elite level, unveiling imaginative dance moves following touchdowns and interceptions, some of which include the Heisman Trophy pose. It's one of the many awards he's in line to win. Hunter is the The Associated Press college football player of the year, receiving 26 of 43 votes Thursday from a panel of AP Top 25 voters. Boise State tailback Ashton Jeanty finished second with 16 votes and Arizona State running back Cameron Skattebo received one vote. "Couldn't do what I do without my team," Hunter said in an email on a trip to Las Vegas for an awards ceremony. "So I view being up for these awards as team awards." A player with his particular set of skills doesn't come around that often. He's a flashback to the days of Charles Woodson at Michigan or Champ Bailey at Georgia. Or even his coach, Deion Sanders, a two-way star in the NFL. The prospect of significant playing time on both sides of the ball is what led Hunter to join Sanders at Jackson State and why he followed Sanders to Boulder. "Coach Prime was the only coach who would consider allowing me to do what I'm doing," said Hunter, who's expected to be a top-five pick next spring in the NFL draft, possibly even the No. 1 overall selection. "He did it and knows what it takes — how much you have to be ready on both sides of the ball." Want to fuel Hunter? Simply tell him he can't. "I'm motivated when people tell me I can't do something," Hunter said. "That I can't dominate on both sides of the ball. I want to be an example for others that anything is possible. Keep pursuing your dreams." Hunter helped the 20th-ranked Buffaloes to a 9-3 record this season and a berth in the Alamo Bowl against No. 17 BYU (10-2) on Dec. 28. He played 688 defensive snaps and 672 more on offense — the lone Power Four conference player with 30-plus snaps on both sides of the ball, according to Colorado research. Hunter has already won a second straight Paul Hornung award as the game's most versatile player. He's up for the Walter Camp (player of the year), Maxwell (most outstanding player), the Biletnikoff (best receiver) and Bednarik (top defensive player) awards. And, of course, the Heisman, where he's the odds-on favorite to win over Jeanty this weekend. Hunter can join the late Rashaan Salaam as the only Colorado players to capture the Heisman. Salaam won it in 1994 after rushing for 2,055 yards. Hunter wasn't a finalist for the Jim Thorpe Award, which goes to the nation's top defensive back. That drew the wrath of Sanders, who earned the award with Florida State in 1988 and vowed to give his trophy to Hunter. Hunter's high school coach, Lenny Gregory, knew he had a special player the summer of Hunter's freshman year. Gregory, then the coach at Collins Hill in Georgia, had a conditioning test for his players — run six 200-yard dashes with a minute rest in between. Defensive backs had to complete each in under 32 seconds. Hunter never even got winded. He played safety/cornerback and receiver as a freshman and helped Collins Hill to a state title his senior season. "I remember just talking to colleges the spring of his ninth-grade year and telling coaches that this kid's going to be the No. 1 player in the country," recounted Gregory, who's now the coach at Gordon Central High in Calhoun, Georgia. "They'd look at him and laugh at me, 'What are you talking about? This scrawny kid? He's not big enough.' I was like, 'Just watch. Just watch.'" Hunter finished the regular season with 92 catches for 1,152 yards and 14 touchdowns as a receiver. On defense, he had four interceptions, broke up 11 passes and forced one crucial fumble, which secured an OT win over Baylor. Overall, Hunter had 92 receptions and allowed 22. He hauled in 14 receiving TDs and allowed just one. He was responsible for 53 first downs and gave up just six. He was targeted 119 times by Shedeur Sanders & Co. but only 39 times by opposing QBs. Hunter's likely final game in Boulder, a rout of Oklahoma State, was a three-touchdown, one-interception performance. "I'm used to seeing him do all this spectacular stuff," Shedeur Sanders said. "I'm used to all this stuff — you all are just now seeing it on national stage." Get local news delivered to your inbox!
Would you pay $700 a night to sleep under the stars at this Colorado resort?BIG TEN THIS WEEKHENDERSON, Nev. (AP) — Aidan O'Connell might not be Mr. Right for the Raiders, but he is Mr. Right Now. He did enough in Friday's 19-17 loss at Kansas City to show that Las Vegas' quarterback job will be his for the rest of the season — barring, that is, another injury. O'Connell didn't look like a quarterback who hadn't played in nearly six weeks because of a broken thumb . Plus, the Raiders had a short week to prepare for the Chiefs, meaning O'Connell only went through a series of walk-through practices. Even so, he completed 23 of 35 passes for 340 yards, including touchdown passes of 33 yards to tight end Brock Bowers and 58 yards to wide receiver Tre Tucker. He didn't throw any interceptions. “Thought he competed,” coach Antonio Pierce said Saturday morning. “I thought for what we knew we were getting with Spags (Kansas City defensive coordinator Steve Spagnuolo) and that defense, that he stood in the pocket, made some tough throws, took some hits, took the shots down the field like we wanted. We had some opportunities to take shots down the field, he threw them. And I thought our skill guys did a hell of a job competing and making some really good plays for us.” O'Connell's performance would've shined even more if not for the Raiders' final offensive play. He led the Raiders from their 8-yard line to the Chiefs 32 with 15 seconds left. The plan was for O'Connell to take the snap and throw the ball away to run off a few more seconds, then send Daniel Carlson out for the potential winning field goal without giving Patrick Mahomes enough time to mount one of his signature comebacks. But rookie center Jackson Powers-Johnson snapped the ball before O'Connell was expecting it, and the Chiefs recovered to secure another close, last-minute victory. The Raiders were called for illegal shift, which Kansas City declined. But there was some question about whether officials intended to call a false start instead. Though that infraction would have cost Las Vegas 5 yards, the pre-snap penalty still would've given Carlson a shot at the field goal. Pierce said his team heard an official's whistle before the snap, and that will be included in the Raiders' report to the NFL. “We do that every game,” Pierce said. “Typically, anywhere from three to five questions, and then we’ll get a letter within 24 to 36 hours, and we’ll read it and learn from it.” Bowers had another sensational game. He was targeted 14 times, catching 10 passes for 140 yards. For the season, he has 84 receptions for 884 yards and four TDs, making him a strong contender for Offensive Rookie of the Year. “We’re seeing double-teams and them really shifting their zone to him, and I don’t really think it matters,” Pierce said. “I think we've got a really special player on our hand.” The Raiders need to do better on first and second downs to set up more favorable third-down conversions. They have faced 47 third downs from 7 to 10 yards, tied with the Dallas Cowboys for fifth most. Las Vegas' conversion rate on those plays is 36.2%, which actually is favorable compared to the rest of the league, but the Raiders are still creating too many of those situations. Las Vegas made life difficult for Mahomes, sacking him five times. And it wasn't just Maxx Crosby bringing the heat. Four players had at least one-half sack, including K’Lavon Chaisson, who had 1 1/2. It was a season-high total for the Raiders, and they have taken down the opposing quarterback in 30 consecutive games, the third-longest active streak. Carlson is usually money, but he missed field goals from 56, 55 and 58 yards. Hardly chip shots, but he is capable of converting from those distances. He had made 30 of 38 field goals from 50-plus yards entering the game, with a career long of 57 yards. WR DJ Turner injured his knee in the second half. 12 — The Raiders are one of three teams to fall behind double digits in each of their first 12 games of a season. The others were the 1986 Indianapolis Colts and 1972 New England Patriots. The Raiders visit Tampa Bay on Dec. 8. AP NFL: https://apnews.com/hub/nflHamilton, who is moving to Ferrari next season, raised question marks about his future in Formula One when he claimed he “is not fast anymore” at this weekend’s Qatar Grand Prix. The seven-time world champion’s comments arrived after he qualified only seventh for the sprint race – 0.399 sec slower than George Russell in the other Mercedes – in Doha on Friday night. Hamilton made up one place to finish sixth in the 19-lap dash to the flag, and then was sixth again – this time even further behind Russell with the gap standing at 0.436 sec – in qualifying for Sunday’s main event. The 39-year-old, whose 104 poles ensures he is the greatest one-lap performer the sport has ever seen, has now been beaten by Russell in 23 of the 29 qualifying sessions this season. And although Hamilton admitted he is now “looking forward to the end of his career” with the team which has carried him to six of his record-equalling seven world titles, he added: “I know I’ve still got it. “It’s just the car won’t go faster. But I definitely know I’ve got it. It is not a question in my mind.” Attempting to explain his comments 24 hours previously, Hamilton said: “I am slow, about half-a-second off my team-mate in the same car.” Another day, another impressive Quali performance 💪 Great effort out there, GR pic.twitter.com/jwYUngVdZH — Mercedes-AMG PETRONAS F1 Team (@MercedesAMGF1) November 30, 2024 Asked if he was referring to this weekend, Hamilton replied: “No, it has been all year.” And why is he slow? “I don’t know,” replied Hamilton. “It is not possible to change it.” With Hamilton struggling, Russell, a winner in Las Vegas, put his Mercedes on the front row, initially second to Max Verstappen after the newly-crowned four-time world champion looked to have claimed his first pole position since the Austrian Grand Prix, exactly five months ago. Verstappen started sixth and finished only eighth in the earlier sprint race won by Oscar Piastri as McLaren edged closer to their first constructors’ title in 26 years. But the Dutch driver returned to form in qualifying for the main event, only to later be penalised one place for impeding Russell as both drivers geared up for their final laps, giving top spot to the Mercedes man. Lando Norris, who handed victory to team-mate Piastriz in the sprint – with McLaren securing a one-two finish to move 30 points clear of Ferrari – took third. One big push to come on Sunday! 🙌 #QatarGP 🇶🇦 pic.twitter.com/OjOsj3ZCUc — McLaren (@McLarenF1) November 30, 2024 Piastri finished fourth to ensure both McLarens will start ahead of Ferrari. Charles Leclerc and Carlos Sainz qualified fifth and seventh respectively for the Italian team. Norris controlled the sprint before moving aside for Piastri at the final corner – the British driver returning the favour after they traded positions in Sao Paulo. Then Norris still harboured ambitions of claiming the drivers’ crown. But, with the individual title off the table, Norris’ sole focus is on delivering a ninth crown for McLaren to put them level with Williams in second place. Ferrari lead the way with 16 titles, but the Italians are also in a drought with their last triumph back in 2008. Norris aborted both his first and second laps in Q3 and then did not have the speed to match Verstappen and Russell. MAX VERSTAPPEN TAKES POLE IN QATAR! Unbelievably, his first pole since the Austrian Grand Prix in June! #F1 #QatarGP pic.twitter.com/iY5iTnPPd8 — Formula 1 (@F1) November 30, 2024 However, it remains advantage McLaren and they will secure the constructors’ crown on Sunday with one round remaining if they outscore Ferrari by 15 points. Verstappen has won in just one of his 12 previous appearances and would not have expected to even be in the fight for pole. “It is a crazy turnaround,” said Verstappen. “I didn’t expect that. Well done to the team for giving me a car that is more connected. “We changed some bits on the car, but I never thought it would make such a swing in performance. That is encouraging and I hope it continues into the race.”