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Bruno Labbadia has made a U-turn on his decision to coach the Super Eagles of Nigeria, DAILY POST is reporting.
The Nigeria Football Federation, NFF, announced on Tuesday that the German will take charge of the Super Eagles.
According to reports emanating from Germany, the 58-year-old has now rejected the chance to manage the three-time African champions.
NFF reportedly failed to reach a contractual agreement with the former Germany international striker before making the announcement. Labbadia was initially expected to take charge of the Super Eagles for the 2025 Africa Cup of Nations qualifying fixtures against Benin Republic and Rwanda.
The technical director of the NFF, Austin Eguavoen, could now take charge of the team for both games.
Investopedia
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The oil and gas industry in Canada, as in other regions, is generally divided into three main segments: upstream, midstream, and downstream. Upstream companies engage in the exploration and production (E&P) of crude oil and natural gas. This entails searching for oil below the ground and drilling wells in order to access those reserves.
In some cases, such as in the Canadian oil sands, companies either mine for crude bitumen, a dense, viscous form of crude oil, or use in-situ recovery processes that inject steam and chemicals deep beneath the ground to separate the bitumen from the sand and pump it to the surface.
Both methods are relatively expensive compared to traditional well-extraction methods, making the break-even price of oil for oil-sand producers much higher than for more traditional producers.
Midstream companies are engaged in the storage and transportation of oil and gas, while downstream companies refine and sell finished petroleum products.
Here are the 10 biggest Canadian oil and gas companies as measured by trailing 12 months (TTM) revenue. This list is limited to publicly traded companies in the U.S. or Canada, either directly or through ADRs. All figures are as of Aug. 29, 2024, courtesy of TradingView.
Cenovus Energy was established in 2009. The company's headquarters is located in Calgary, Canada. Cenovus is an integrated oil and natural gas company engaged in developing, producing, and marketing crude oil, natural gas liquids, and natural gas in Canada, the U.S., and the Asia Pacific region. It also refines crude oil and transports and sells refined petroleum and chemical products.
Suncor Energy Inc. was established in 1917 and is headquartered in Calgary, Canada. It is an integrated energy company focused on developing petroleum resource basins in Canada's Athabasca oil sands. The company is engaged in the exploration, acquisition, development, production, refining, transportation, and marketing of crude oil.
Imperial Oil was incorporated in 1880 and is headquartered in Calgary, Canada. It is an integrated company engaged in the exploration of crude oil and natural gas. It's also involved in producing, refining, transporting, and selling crude oil and natural gas products. Its distribution system moves the petroleum products to market by tanker, truck, rail, and pipeline.
In addition, the company manufactures and markets various petrochemicals. Imperial Oil is a subsidiary of ExxonMobil.
Enbridge Inc. was founded in 1949. It's headquartered in Calgary, Canada. Enbridge is an energy infrastructure company that provides energy transportation, distribution, and related services. The company operates a network of crude oil, liquids, and natural gas pipelines, as well as regulated natural gas distribution utilities. Enbridge also invests in renewable energy assets and transmission facilities.
Canadian Natural Resources was incorporated in 1973 and has its headquarters in Calgary, Canada. It is an oil and gas exploration and production company. It produces synthetic crude oil, light and medium crude oil, bitumen, primary heavy crude oil, and Pelican Lake heavy crude oil. It also markets and sells its crude oil, natural gas, and natural gas liquids.
The average number of barrels of oil produced every day in Canada in 2023. Canada is the fourth-largest oil-producing country in the world.
Parkland Corporation, formerly known as Parkland Fuel Corp., was established in 1977 and has its headquarters in Calgary, Canada. It is an energy supplier engaged in the marketing and distribution of a variety of petroleum products including gasoline, diesel, propane, lubricants, heating oil, and more.
Parkland supplies and supports a network of retail gas stations, and offers its products to a range of commercial, industrial, and residential customers. Its supply segment manufactures transportation fuels. It also transports, stores, and sells fuels, crude oil, and liquid petroleum gases. In addition, the Supply segment manufactures and sells aviation fuel to airlines.
TC Energy Corp was incorporated in 1951 and is headquartered in Calgary, Canada. It is an energy infrastructure company that builds and operates a network of natural gas pipelines, which transport natural gas from supply basins to local distribution companies, power generation plants, industrial facilities, and other customers. The company also owns regulated natural gas storage facilities and power generation facilities.
TC Energy purchased energy services and equipment company Pioneer Pipeline in 2020 for US$255 million.
Gibson Energy was established in 1950 and is headquartered in Calgary, Canada. It is an integrated service provider to the oil and gas industry. The company engages in the transportation, storage, blending, processing, marketing, and distribution of crude oil, condensate, natural gas liquids, water, oilfield waste, and refined products. The company owns a network of terminals, pipelines, and storage tanks.
Pembina Pipeline Corporation was incorporated in 1954 and is headquartered in Calgary, Canada. It provides transportation and midstream services for the energy industry.
The company operates conventional and oil-sands pipelines, stores oil, and gathers and processes natural gas. It provides infrastructure for natural gas, condensate, and natural gas liquids (NGLs), cavern storage, as well as related pipeline and rail terminal facilities.
Established in 1996, ARC Resources Ltd. is headquartered in Calgary, Canada. It operates in Alberta and northeast British Columbia. The company explores, develops, manufactures, and transports crude oil, natural gas, and natural gas liquids. ARC targets residential, commercial, and industrial energy usage. It prides itself on low-cost, low-emissions energy.
Cenovus Energy is the largest Canadian oil and gas company by trailing 12 months (TTM) revenue, with CA$55.99 billion as of Aug. 29, 2024.
Upstream refers to a part of the industry supply chain. Upstream companies are active early in the chain. They explore, extract, and produce oil and gas.
These companies focus not only on refining crude oil and natural gas into energy products that can be used by consumers and businesses, but they also manage the marketing and distribution of those products.
Canada is the fourth largest oil-producing country in the world as of 2024, as measured by barrels produced in a day. Canadian oil and gas companies participate in the three main stages of the industry supply chain (upstream, midstream, and downstream). Some integrate more than one stage in their business. The largest of Canada's oil and gas companies by TTM revenue is Cenovus Energy.
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Instablog9ja
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South Korea is grappling with the world’s lowest birth rate and is now turning to financial incentives to address its demographic challenges.
In Busan’s Saha District, a new initiative offers residents up to $38,000 to encourage dating and marriage. This program is part of a broader national strategy aimed at reversing the country’s historically low fertility rate of 0.72 children per woman.
The initiative seeks to make family life more attainable and financially viable while also creating opportunities for social connections through various events that bring together like-minded individuals. By promoting marriage and family life, this program is a key component of South Korea’s effort to combat its demographic crisis and boost its population.
Investopedia
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Lululemon Athletica (LULU) shares moved higher in premarket trading on Friday after the activewear retailer reported higher-than-expected profit and outlined efforts to accelerate the introduction of new products, offsetting weak sales and a cut to its full-year outlook.
The global retail chain’s stock has lost around half of its value since setting a record high in December as a slowdown in consumer spending amid persistent inflation and a series of missteps, such as the recent troubled launch of its Breezethrough leggings, weighed on investor sentiment.
Lululemon shares were up 4.5% at $270.65 about two hours before Friday's opening bell.
Below, we review the technicals on Lululemon’s chart and identify important post-earnings price levels that are worth watching out for.
After gapping below the 200-day moving average (MA) in late March, Lululemon shares have traded within a descending channel that has kept the price entrenched in a multi-month downtrend. More recently, a pre-earnings rally stalled earlier this week, with the stock finding resistance near the pattern’s top trendline and 50-day MA. However, the premarket move sets the stage for a potential retest of the area on Friday.
Following the athletic apparel maker's quarterly report, investors should monitor four key chart areas, three of which also closely align with key Fibonacci retracement levels when applying a grid from the December high to August low.
Friday’s projected open looks set to test the closely watched $272 area, where the price will likely reencounter selling pressure near the descending channel’s top trendline and downward sloping 50-day MA.
A decisive breakout above this level could see the shares rally to around $293, roughly the same area as the 23.6% Fibonacci retracement level. This level on the chart may also encounter resistance near the May low, which matches a series of comparable trading levels in July.
Further buying could drive a move up to the $335 region. This area, which sits just below the 38.2% Fibonacci retracement level, may attract selling interest around the prominent April swing low and early June swing high.
A longer-term uptrend could see a retest of the key 50% Fibonacci retracement level at $371, an area on the chart where the shares may also find investors willing to take profits near the April countertrend peak positioned toward the top of the descending channel.
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Instablog9ja
2 hrs
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Tongues wag as Ogun State Government’s official X (formerly twitter) handle has reacted to comments on a trending topic.
The government has reacted to the topic’ Would men settle for a single mum” by saying What many don’t even know is that, these women are not even desperate, marriage is not their life priority, you will have to earn your place in their life to be considered for marriage. Some people are just beefing these women because they can be less.
Investopedia
2 hrs
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Investors are watching for key July inflation data, shares of Dell (DELL) and MongoDB (MDB) are rising in pre-market trading on their better-than-expected quarterly results, and Intel (INTC) is gaining after a report the chipmaker is considering splitting off its foundry business. Here’s what investors need to know today.
Investors will get key inflation data today at 8:30 a.m. ET with the release of the Personal Consumption Expenditures (PCE) report, which is expected to show that prices rose 2.5% year-over-year in July. The PCE is the Federal Reserve's preferred measurement for inflation, and while the inflation rate is still above central bank's target, the July data is expected to show price increases cooling. The PCE inflation reading could reinforce expectations of Fed rate cuts.
Shares of Dell Technologies (DELL) are up 5% in pre-market trading after the computer maker reported growing its quarterly revenue 9% year-over-year to $25 billion, with demand for artificial intelligence (AI) sales pushing server and networking revenue higher by 80%. The results were better than analysts expected. Chief Operating Officer Jeff Clarke said "AI momentum accelerated in Q2, and we've seen an increase in the number of enterprise customers buying AI solutions each quarter."
MongoDB (MDB) shares are jumping more than 15% pre-market after the database software maker reported quarterly sales and earnings that beat analysts' estimates, and raised its full-year revenue outlook. The company reported a 13% year-over-year jump in quarterly revenue to $478.1 million, and narrowed its losses compared with the year-ago quarter. Sales of its multi-cloud developer data platform were higher by 27% on AI demand.
Shares of Intel (INTC) are rising 3% pre-market following reports the chipmaker is in discussions with investment bankers over ways to help guide the company through its current slump. Intel is exploring options that include splitting its product-design and manufacturing business, and dropping some factory projects, reported. The company posted wider-than-expected losses earlier this month, sending shares tumbling. Intel shares have lost nearly 60% of their value since the start of the year.
GE Vernova (GEV) shares moved higher in pre-market trading, looking to extend Thursday's gains after William Blair analyst Jed Dorsheimer initiated coverage of the stock with an "outperform” rating, anticipating the power-generation supplier could capitalize on the power needs of AI technology. The company could be well positioned to offer its natural gas technology as a pragmatic solution to the rising power needs of AI computing, the analyst wrote.
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