Trey Anastasio Band Performs With Jeff Cressman At Colorado’s Vertex Festival

first_imgFans will most likely get to see more of this father-daughter trombone performance at Peach Festival, as Meghan Trainor is performing in Illinois on the same day. That is, unless someone else fills in for Casey at the festival – we’ll be sure to let you know when we have more information.Setlist: Trey Anastasio Band at Vertex Festival, Buena Vista, CO – 8/7/1601. First Tube02. Cayman Review03. Soul Rebel04. Money Love and Change05. Drifting06. Burlap Sack and Pumps07. 197708. Valentine09. Dark and Down10. Sand11. Tuesday12. Curlew’s Call13. Gotta Jibboo14. Magilla15. Alaska16. Simple Twist Up Dave17. Plasma18. Shine19. Clint Eastwood20. Night Speaks To Woman21. Show Of Life22. Dazed and Confused The Trey Anastasio Band made their 2016 debut last night, performance at the inaugural Vertex Festival in Buena Vista, CO. Though the band released a new album, Paper Wheels, in 2015, the guitarist has spent most of this year working with Phish on their new studio effort and subsequent summer tour. As of now, TAB only has one other date on the schedule, which will come next week at The Peach Music Festival.With such a light touring schedule, it’s unfortunate that saxophonist James Casey was unable to attend the band’s performance at Vertex. While Casey is on tour with Meghan Trainor, the band called upon renowned trombonist Jeff Cressman to fill in for the performance. Cressman is the father of TAB’s own Natalie Cressman, and a renowned musician in the San Francisco Bay Area scene. He also performed as a member of TAB from 2006-2007, and sat in with the band as recently as April 19th, 2013 – when TAB visited The Fox Theater in Oakland, CA. TAB also welcomed percussionist Cyro Batista into the fold, as the famed former member of the band returned to their lineup last night.Cressman was on the trombone last night with TAB, as you can see from the Instagram shots below. This marks the first full performance with both members of the Cressman family in the Trey Anastasio Band, and the first dual-trombone show as well.last_img read more

Could Lakers land Phoenix’s Goran Dragic in free agent market?

first_img“I’m really happy here in Phoenix and they have given me everything I have ever dreamed,” Dragic said in an interview with Los Angeles Newspaper Group. “I feel like I’m at home here. But I’ll explore my options.”Would one of those options include the Lakers? “It’s not just L.A. I think it’s everybody,” Dragic said. “Back in Europe, there are bad teams financially and teams that aren’t organized. But every team in the NBA is a good organization.”But not every team has Kobe Bryant, who currently plans to play the final year of his contract for the 2015-16 season. “Any player that is one of the best players in the league would be cool to play with. Kobe is a legend,” Dragic said “I know how awesome it is to be around those superstars. If you’re patient enough and you listen, you learn a lot.” Newsroom GuidelinesNews TipsContact UsReport an Error Although Lakers coach Byron Scott views Dragic out of the top-five in NBA point guards, he still gushed about Dragic’s lethal outside shooting and driving abilities. Dragic has ranked seventh among shooting guards in scoring (16.9 points per game), second in field-goal shooting (50.9 percent) and ninth in assists (4.1). Dragic has fulfilled that job description despite mixing between playing off-the-ball and sharing ball-handling duties with Eric Bledsoe and Isaiah Thomas.“I’ve been more patient and I feel more comfortable,” Dragic said. “You never know who’s going to get the ball and who’s going to push and who’s going to run. That messes up the opponent because you have three ball handlers. Sometimes it’s tough to stay in front of them.”Meanwhile, the Lakers are on pace to finish with their worst record in L.A. franchise history. Among the many reasons involves the team’s poor point guard play. Contracts will expire for Ronnie Price and Jeremy Lin, a tandem that ranks 27th out of 30 NBA teams in point guard production in points (16.3), 22nd in field-goal shooting (40.8 percent) and 20th in assists (8.1). Steve Nash will presumably retire, a storied 19-year career with two NBA MVP awards and a third-place standing on the league’s assist mark slightly soiled because of a season-ending back injury. The Lakers will owe Phoenix their first-round pick this season if they finish above the bottom five stemming from the Nash trade in 2012. That deal paved the way for Dragic to return to the Suns as their starting point guard after spending the previous two seasons in Houston. “When he went to L.A., I think everyone expected he would be the real Steve Nash. Unfortunately with all the injuries he had, he couldn’t show the people in L.A. that,” Dragic said. “That’s the hardest part for any athlete, including Steve. You want to play. But you can’t because your body doesn’t allow you to anymore.”Dragic reported Nash sounded in positive spirits after talking to him about a month-and-half ago. “He’s relaxing,” Dragic said. “He’s finding different things than basketball. That’s a good thing to do. After your career, you need to know what you’re going to do.”Yet, Nash has sparked criticism for his prolonged absence from the Lakers with one year left on his contract. “Steve was always here with the team,” Dragic said. “It’s really tough to say something, though, because I don’t know the situation.”Instead, Dragic reflected on how Nash helped him, including how to shorten his dribbles, running pick-and-rolls and eating healthy. “I kept wondering, ‘How does this guy eat?’” said Dragic, who noticed Nash’s diet often involved salad, chicken and rice. “When I started talking to Steve, he told me if I wanted to play as long that I would have to start eating healthy.”Dragic soaked in enough of Nash’s feedback to become a key reserve in the Suns’ run to the 2010 Western Conference Finals against the Lakers. That featured a contentious matchup with former Lakers guard and Slovenian rival Sasha Vujacic, something Dragic said “the media hyped.” Instead, Dragic reflected on why the Suns lost to the Lakers in six games.“Kobe,” Dragic said. “I remember we were all watching tape and we said, ‘Grant Hill plays such amazing defense on Kobe and he still scores over him.’ He’s that kind of player that can always make tough shots. Unfortunately, he made every shot against us.”Bryant and Dragic will try to provide that threat tonight for their respective teams. Nearly six months await before finding out whether they can provide that job description wearing the same purple and gold uniform. Staff writer Chris Trevino contributed to this reportcenter_img PHOENIX — The moment seems far away, leaving Phoenix Suns guard Goran Dragic preferring to focus on the challenges that immediately face him.Dragic has spent the 2014-15 season both adapting and thriving in the Suns’ unconventional and lethal three-guard offense. The Suns (24-18) host the Lakers (12-29) Monday at U.S. Airways Center in what represents a three-month fight to secure a Western Conference playoff spot. Yet, Dragic will soon experience something perhaps more challenging than when the native Slovenian arrived to the NBA after the San Antonio Spurs selected him 45th overall in 2008 before trading his draft rights to the Suns. Then, Dragic struggled both with speaking English and adapting to a physically intimidating league he never experienced in Europe. Shortly before July 1, Dragic will opt out of his $7.5 million player option with the Suns to become an unrestricted free agent. Then, Dragic will learn how much his third-team All-NBA honor, 2014 Most Improved Player award and crafty playmaking will attract on the open market, something he said will force him to make “the toughest decision in my life.” last_img read more

Capital Lakefair 2015 Promises Five Days of Fun

first_imgFriday, July 17Noon – 11:00 pm Carnival, Food Booths, Arts and Crafts9:00 a.m. – 2:30 p.m. 50’s + at the Main stage5:30 p.m. – 9:30 p.m. Car Show at Marathon ParkEntertainment10:00 a.m. – 3 p.m. – 50’s +3:00 p.m. – 4:30 p.m. – Serious Mak5:00 p.m. – 6:30 p.m. – Calaca Kings7:00 p.m. – 8:30 p.m. – Motor Car9:00 p.m. – 11:00 p.m. – The Go 2 Band Sunday, July 19Noon-Midnight – Carnival, Food Booths, Arts and CraftsAt Dark – Grand Finale Fireworks ShowEntertainmentNoon – 1:00 p.m. – Honky Tonk Angels1:00 p.m. – 3:30 p.m. – Rhythmfire School4:00 p.m. – 5:30 p.m. – Strike 96:00 p.m. – 8 p.m. – Rikk Beatty Band8:30 p.m. – 10 p.m. – Chance McKinney Thursday, July 16 – Wristband Day $35 Rides all DayNoon-11 p.m. –  Carnival, Food Booths and Arts and CraftsEntertainment12 p.m. – 1 p.m. – Robot vs. Ghost1:30 p.m. – 2:30 p.m. – Rain City Rebels3:00 p.m. – 4:30 p.m. – Prelude to a Pistol5:00 p.m. – 6:30 p.m. – Frank Sinatra Tribute7:00 p.m. – 8 p.m. – Capital Lakefair Royal Court Presentation8:30 p.m. – 10:00 p.m. – Ecliptics Submitted by Capital Lakefair 58th Capital Lakefair Fabulous Family Fun set for July 15-19, 2015. Photo credit: Diane Waiste.The 58th Capital Lakefair will take place July 15-19 at Heritage Park and Downtown Olympia. The event features food, entertainment, parade, carnival, kid’s day, 50+ Seniors Day, arts and craft, and fireworks show. This year’s theme is “Fabulous Family Fun”.Food is one of the main highlights for Lakefair attendees and a reason they come to the event. Capital Lakefair helps generate more than $200,000 each year for area non-profit organizations who are food vendors at the event. This year’s vendors include: Altrusa (Elephant Ears) Barbs BBQ (Beef Ribs, Hot Links, Coleslaw, Meatballs), Thurston County Democrats (Demoburgers), Olympia Kiwanis (Roast Beef Sandwiches), Northridge Concessions (Root beer Floats, Nachos, Cotton Candy, Ice Cream Bars), Olympia Lions (Hamburgers and Cheeseburgers), Thurston County Republicans (Jumbo Hot Dogs), St. Martins’ Alumni Association (Hamburgers and Curly Fries), STEM (Science, Tech, Engineering, Math) (Crepes), TFS “Gumbo”, Tumwater Rotary (Corn dogs, Hot Dogs, Curly fries, Chili) , Zonta (German Sausage), Salmon Defense (Steamer Clams, Corn and VFW (Strawberry Shortcake, Mud Pie).The Grand Parade is one of the largest in the South Sound. Robert Selene was chosen to be the 2015 Grand Marshal of the parade for his many years of service to the Capital Lakefair Organization and Capitalarians. Robert has been an active member of the organization since it’s beginning in 1957 and served as president in 1960.Robert will be joined by longtime family friend Siri Childs. Ms. Childs is the widow of Harvey Childs, who died two years ago and was President of Lakefair in 1996. Robert is available for an interview. The parade will have approximately 100 entries from around the South Sound Region including military groups, youth, car clubs, bands, marching and horse units. The parade begins on Capital Boulevard and 20th Street and ends as Heritage Park.50+ Seniors Day will take place on Friday, July 17 from 9 a.m.-2:30 p.m. and includes 30+ vendors, games, prizes, giveaways and special entertainment with the musicPhoto of Commander Tom Shugart, Commanding Officer ofthe USS OLYMPIA standing next to a painting of the Cruiser Olympia.groups: Entertainment Explosion, Off Boulevard and Danny Vernon Illusion of Elvis.Funtastic Carnival is the official carnival of Lakefair. They provide all rides and games during our festival. They provide a coupon valid the first day of Lakefair, which is good for a discounted rate on both games and rides. Coupons are available at many local businesses and will be available at the Lakefair Information Trailer as well.Wristband Day will be on July 16 of  and will sell for $35. Wristbands are sold from 12 p.m. – 8 p.m. and allow for unlimited rides on Thursday only. The minimum height for many rides is 36″ or 2 years of age, however this depends on the specific ride. If you are interested in a job with Funtastic, you must contact them directly by phone at 503-761-0989 or email them at [email protected] and crafts booths from throughout the Pacific Northwest will feature a variety of hand-made and commercial products and services. Approximately 45 Booths will showcase at Lakefair in 2015.The Lakefair fireworks show is held on Sunday night.The Lakefair Car Show has returned again for 2015. The show is held on Friday night of Lakefair week at Marathon Park and along Deshutes Parkway. Dash plaques will be given to the first 250 entrees, and more than 20 awards will be given in a variety of categories. Entry for the show vehicles begins at 4:15 p.m. (no early entry), and the show officially runs from 5:30 p.m. until 9:30 p.m. The awards ceremony will take place at 9 p.m.Kid’s Day is a free event for kids of all ages and their families, and takes place on Saturday of Lakefair Week. It is held at Sylvester Park in Downtown Olympia, located at Capitol Way between Legion Way and 7th Avenue.The Grand Finale Fireworks show is schedule for approximately 10 p.m. on Sunday, July 19 and will be shot from the shores of Capital Lake and have the Capital Building in the backdrop.This year, the USS Olympia Crew will visit Capital Lakefair. Four crew members from our name sake USS Olympia will attend several Lakefair Festivities. A detail listing of the representatives is available and they will be available for interviews. Preferred interview time in 10:30 a.m. to noon on Thursday, July 16.The Capital Lakefair Scholarship Program is one of the most prestigious and continuous scholarship awards in the local area. The program was initiated in 1975 by Dee Hooper and has provided more than 260 participants with over $300,000 in scholarship funding. Each member of our Lakefair Royal Court is awarded a $3000 scholarship. The Lakefair Queen receives an additional $2000. The scholarship recipient has five years in which to use their monies. The monies may be used toward any type of higher education – traditional degree, trade school or vocational training program.The Royal Court partakes in many actives throughout the year and will be at the available during the festival. The court will have a special presentation on Thursday, July 16 at 7 p.m. at the main stage.  The year’s court includes: Queen Madeline Poultridge representing Avanti High School, Princesses: Clarissa Jenkins from North Thurston High School, Julia Holder from Olympia High School, Emily Grahn from River Ridge High School and Olivia Wittenberg from Capital High School.94.5 ROXY is the host for the Capital Lakefair High School Battle of the Bands. On opening night of Lakefair, bands compete for a first place prize of $500, a second place prize of a $200 gift card, and a third place prize of a $100 gift card. To be eligible, a majority of the band members must be members of the classes of 2015 through 2018. No one over the age of 21 can perform. If the group is a trio, at least two of the members must meet the criteria. If the group is a foursome, three of the members must meet the eligibility requirements.The Lakefair Run offers distances of a kids 3k, 8k and half-marathon races on July 18.The 40th Annual Olympia Lakefair Run will feature a half marathon, 8k and 3k. The Run is put on by Road Runners Club of America, with the authorization of Capital Lakefair. Capital Lakefair is not associated with, nor does it participate with, moderate, or control these races in any way, except to allow the use of the Capital Lakefair, Inc. name. For more information visit the Lakefair Run online.The Volleyball Tournament held in conjunction with and during the Capital Lakefair Festival. Capital Lakefair is not associated with, nor does it participate with, moderate, or control this tournament, except to allow the Capital Lakefair name to be used. Due to severe drought and water restriction at the Capital Campus the Volleyball Tournament will be held at the Regional Athletic Complex in Lacey.Schedule of EventsWednesday, July 15 – Public Employee Appreciation Day11:00 a.m.-2 p.m. Capital Lakefair Court at Olympia Library for Children’s Story HourNoon-11 p.m. Carnival, Food Booths, and Arts and CraftsEntertainment12 p.m. – 1:30 p.m. – Live music12 p.m. – 1:30 p.m. – Jesse Hart4 p.m. – 5:30 p.m. – Dogger6 p.m. – 10 p.m. – Battle of the Bands Saturday, July 18Noon-11:00 p.m. – Carnival Food Booths, Arts and CraftsNoon – 4:00 p.m. – Kid’s Day at Sylvester Park4:30 p.m. Pre-parade5:00 p.m. Grand ParadeEntertainmentOlympia Vision Clinic doctors and staff volunteer annually at the Lions Club Burger Hut at Lakefair.Noon – 1:00 p.m. – Evergreen Dancers1:00 p.m. – 2:00 p.m. – Tanglefoot Cloggers2:00 p.m. – 3:00 p.m. – Mix 96.1 Voice3:30 p.m. – 4:30 p.m. – Blue Laces5:00 p.m. – 7:00 p.m. – Grand Parade7:15 p.m. – 8:00 p.m. – Sin Circus8:15 p.m. – 9:00 p.m. – Mom’s Rocket9:30 p.m. – 11:00 p.m. – HairStorm Facebook1.6kTweet0Pin0 About Capital Lakefair: In 1957, there was no Capital Lake Park (soon to be Heritage Park). Two industrial firms occupied the corner of 5th and Water streets, its buildings extending out over the water on pilings. To beat the heat and summer boredom, several civic-minded Olympians sponsored a small carnival on the shores of Capital Lake, on West 5th. Local nonprofit service clubs ran food concession booths set up on the south end of Water Street just beyond the industrial firms. Events during the carnival incudes a diving show, a hydroplane race an fireworks display. State Baton Twirling contest were held during the day and teen dances at night and Square Dancers came from all over the Northwest to perform. The budget was less than $500.In 1959 a parade was added to the annual event. In 1961 Lakefair had its first float that traveled around the state representing the community. In the 1960’s and 1970’s the main attractions were water-oriented events. In 1986 and Arts and Crafts Show was added to the festival and a car show in 1987. In 1988 Kids day was started in Sylvester Park.Capital Lakefair is coordinated by a group of volunteers called Capitalarians. The Capitalarians have had a long history in the community in support Lakefair and other events.  Capital Lakefair has a part time Executive Director Dennis William and part time office manager Adam Stilz. The Capitalarians and staff work year round to put on the festival and operate with a $250,000 Budget.last_img read more

Spokane too much for Nelson, dump Peewee Reps 5-1

first_imgSpokane pumped 45 plus shots at Nelson Peewee Rep netminder Brody Fillion en route to a 5-1 Minor Hockey Exhibition action Saturday in Kaslo.The game was played in Kaslo due to the fact that one of the Nelson players, defenceman Elijah Havers lives in the North Kootenay Lake village.Fillion was outstanding between the pipes for Nelson as Spokane dominated the Reps for most of the contest. Taylor Harrison, with assists going to Cody Barnes and Max Spielman, scored the lone goal for Nelson.Nelson was missing forward Aedan Osika from the lineup.The absence of Osika forced coach Jeff Hunt to move defensemen, Nick Haidu to the forward line.The game was the first of the season for defenceman Ben Price, missing the first part of the season due to a leg injury.last_img

United boss Ferguson ‘considering shock bid for Chelsea star’

first_imgSir Alex Ferguson is seriously considering making a shock bid to take Ashley Cole to Manchester United, according to The People.It is claimed the Old Trafford boss is desperate to sign a left-back and has made enquires about the 31-year-old England star.There has been speculation about Cole’s future given that he is now in the final year of his Chelsea contract.The Sunday Express report Fulham’s apparent interest in Chelsea’s Yossi Benayoun and Arsenal’s Andrey Arshavin.Meanwhile, Moussa Dembele is Tottenham’s top target to replace Luka Modric, the Sunday Mirror say.With Modric looking set to leave White Hart Lane, Spurs chairman Daniel Levy is said to be aiming to sign Dembele for around £10m.It is suggested that Fulham would ask for £15m but Spurs are banking on the 25-year-old pushing for a switch across London. This page is regularly updated.Follow West London Sport on TwitterFind us on Facebooklast_img read more

Air Canada adding more planes to Rouge for use on domestic routes

first_imgMONTREAL – Air Canada is looking to cut operating costs and defend against competition from upstart low-cost competitors by adding more planes to its Rouge fleet and flying them on regional routes within Canada.Narrow-body Rouge planes that operate at lower cost could replace smaller regional aircraft operated by airline partners like Jazz on some routes.For example, one of several flights per day on a popular route could be converted to an Airbus plane, industry analysts were told Friday.Rouge aircraft are also available to compete if necessary with ultra low-cost carriers like WestJet’s new Swoop subsidiary, Flair Airlines or Canada Jetlines.“We needed to have the capability of introducing a lower-cost competitive vehicle, both on offence and on defence,” Air Canada CEO Calin Rovinescu said during a conference call about its 2017 results.The increased use of Rouge planes domestically is permitted under changes to the collective agreement with pilots negotiated last year.Several more Rouge planes are being added this summer and once all Boeing 787s are delivered next year there will be no limit on the number or type of single-aisle planes that can be flown by Rouge.Ben Smith, president of passenger airlines at Air Canada, said Rouge Airbus A320s and 321s can be converted to high density single class cabins or possibly another airplane type such as the Boeing 737 Max.Rovinescu also told analysts that a joint venture with Air China expected to be concluded in the coming months would enable it to be more aggressive in the competitive Pacific market.The joint venture would expand the relationship beyond the use of lounges and codesharing as it faces pressures on flights to China and Hong Kong.“It certainly it should certainly be an assistance to us in competing more aggressively,” Rovinescu said.Meanwhile, Air Canada announced Friday a new $250-million cost-cutting plan to be implemented by the end of 2019. That follows the completion of a $500-million plan launched in 2009 that eventually netted about $575 million in savings.The new drive to cut costs comes as the Montreal-based airline looks to maintain margins despite the expected slowing down of its capacity growth with the arrival of its final new large planes.“We showed we can take costs out in bad times but we now need to show we can continue to have that cost discipline in good times,” Rovinescu told analysts.The cost savings are expected to come from procurement, maintenance, aircraft leases, internal engineering, overhead and simplified business processes, added chief financial officer Michael Rousseau.Chris Murray of AltaCorp Capital Inc. said the new drive for efficiency is important as Air Canada’s growth slows to about seven per cent in 2018 from nearly 12 per cent in 2017, with more reductions likely in subsequent years.He expects the savings to come from “behind the scenes stuff” that won’t be felt by passengers.Air Canada capped a strong 2017 by earning adjusted net income of $61 million, or 22 cents per share for the quarter — ahead of analyst estimates of 14 cents per share, according to Thomson Reuters data.The airline’s operating revenue was $3.82 billion in the fourth quarter, up from $3.43 billion a year earlier and above the estimate of $3.75 billion.Net income was $8 million or two cents per share for the three months ended Dec. 31, which was an improvement over a 2016 fourth-quarter loss of $179 million but lower than expected.“Overall, we liked what we saw in the Q4 results,” wrote analyst Walter Spracklin of RBC Dominion Securities in a note to clients.For the full year, it earned $2.04 billion or $7.34 per share, up from $876 million or $3.10 per share in 2016. Adjusted profits also rose five cents per share to $4.11.Revenue grew 10.7 per cent to $16.2 billion as the airline carried a record 48.1 million passengers, up 7.3 per cent from the prior year.This included record revenues from cargo and Air Canada Vacations along with more than $1 billion in ancillary revenues from payments for checked baggage, seats, food and changed bookings.Strong demand and growing connecting traffic through its three hubs in Canada are expected to result in another good year in 2018, said Rovinescu, who added the performance is under appreciated by investors.Air Canada’s shares grew nearly 90 per cent last year and were up 2.3 per cent at $24.88 in midday trading on the Toronto Stock Exchange.Follow @RossMarowits on Twitter.Companies in this story: (TSX:AC, TSX:WJA)last_img read more

Most actively traded companies on the TSX

first_imgSome of the most active companies traded Thursday on the Toronto Stock Exchange:Toronto Stock Exchange (15,269.27, up 11.37 points)Neovasc Inc. (TSX:NVC). Medical devices. Unchanged at 6.5 cents on 10.8 million shares.Aurora Cannabis Inc. (TSX:ACB). Healthcare. Up 11 cents, or 1.39 per cent, to $8.04 on 6.6 million shares.Trinidad Drilling Ltd. (TSX:TDG). Oil and gas. Up 12 cents, or 6.52 per cent, to $1.96 on 6.2 million shares.Encana Corp. (TSX:ECA). Oil and gas. Down one cent, or 0.07 per cent, to $14.72 on 5.6 million shares.Cenovus Energy Inc. (TSX:CVE). Oil and gas. Down five cents, or 0.40 per cent, to $12.44 on 4.1 million shares.Shaw Communications Inc. (TSX:SJR.B). Telecommunications and media. Up $2.25, or 9.31 per cent, to $26.42 on 3.8 million shares. Strong operational performance by its main business units offset concerns about $417 million in restructuring-related costs booked in its second quarter. Shaw reported a $164-million loss, mostly because of a previously announced restructuring that will affect one-quarter of its workforce.Companies reporting major news:Second Cup Ltd. (TSX:SCU). Restaurants. Up 79 cents, or 28.73 per cent, to $3.54 on 1.4 million shares. The company wants to convert some of its coffee shops in western Canada into cannabis dispensaries and, when legal, pot lounges. It has signed an agreement with marijuana clinic operator National Access Cannabis to develop and operate a network of recreational pot stores. However, neither currently has a licence to sell marijuana, so the deal is contingent on approval from the government, as well as from franchisees and landlords.last_img read more

US oil giant Chevron to acquire Anadarko for 33 bn

first_imgNew York: US oil giant Chevron announced Friday it had agreed to acquire all outstanding shares of Anadarko in a stock and cash transaction valued at $33 billion, or $65 per share. Based on Chevron’s Thursday closing price, Anadarko shareholders will receive 0.39 shares of Chevron and USD16.25 in cash for each Anadarko share held, the company said in a statement. The total enterprise value of the transaction is USD50 billion. “The acquisition of Anadarko will significantly enhance Chevron’s already advantaged Upstream portfolio and further strengthen its leading positions in large, attractive shale, deepwater and natural gas resource basins,” the company said. Also Read – Thermal coal import may surpass 200 MT this fiscal”The combination of Anadarko’s premier, high-quality assets with our advantaged portfolio strengthens our leading position in the Permian, builds on our deepwater Gulf of Mexico capabilities and will grow our LNG business. “It creates attractive growth opportunities in areas that play to Chevron’s operational strengths and underscores our commitment to short-cycle, higher-return investments.” Anadarko Chairman and CEO Al Walker added: “The strategic combination of Chevron and Anadarko will form a stronger and better company with world-class assets, people and opportunities.” Also Read – Food grain output seen at 140.57 mt in current fiscal on monsoon boostThe deal is the oil industry’s largest since Royal Dutch Shell bought BG Group in 2016, and it sparked speculation that other shale producers are in play. Shares of Apache Corp, which also has extensive acreage in the Permian Basin, jumped 7 percent in premarket trading, while Pioneer Natural Resources Co rose 6 per cent. US crude oil production now surpasses 12 million barrels a day (bpd), and the nation is the third-largest producer of liquefied natural gas (LNG), the super-cooled fuel that is seeing record demand as a cheaper, cleaner alternative for countries that still rely heavily on coal for power generation. Chevron, which already has 2.3 million acres in the Permian Basin, said the deal to buy Anadarko would give the combined company a 75-mile (120-km)-wide corridor across the Permian’s Delaware basin, on the Texas-New Mexico border. Anadarko also has a Mozambique LNG project, part of one of the industry’s largest planned current investments. Chevron Chief Executive Michael Wirth will lead the combined company after the deal closes. Chevron will remain headquartered in San Ramon, California. Credit Suisse Securities (USA) LLC is Chevron’s financial adviser, while Paul, Weiss, Rifkind, Wharton & Garrison LLP is its legal adviser.last_img read more

Ohio State defense preparing for aerial Cincinnati attack

OSU freshman linebacker Raekwon McMillan (5) pressures Kent State quarterback Colin Reardon during a game Sept. 13 at Ohio Stadium. OSU won 66-0.Credit: Mark Batke / Photo editorPreparing for an intrastate opponent could easily be an afterthought for the Ohio State football team.The Buckeyes have not lost a game to coach Urban Meyer’s alma mater Cincinnati since 1897. But the Bearcats enter the matchup against OSU with a top tier passing offense, ranking ninth in the country.Meyer said Wednesday that the matchup pitting the Bearcats’ aerial assault against the Buckeye defense will be the key to the game. He added that he has confidence in his secondary that just a year ago ranked 112 out of 125 teams in pass yards allowed per game. “That’s the big one,” Meyer said. “I do (have confidence) from what I see not because I hope. They are highly-recruited kids. I see what I see in practice and this will be the big challenge for them.”The Bearcats’ redshirt-sophomore quarterback Gunner Kiel, who was highly recruited out of high school, earned high praises from Meyer. He said Kiel has impressed him with his play thus far in 2014. “He is big, strong and he runs pretty good when he runs,” Meyer said. “He looks giant on film and on TV. He just looks like a big, gunslinger-type quarterback.”Kiel, who committed to Indiana and Louisiana State University before spending a year at Notre Dame, transferred to Cincinnati in 2013 and sat out all of last season. But just two games into his career, he is already impressing his peers. OSU junior defensive lineman Tommy Schutt said the Buckeye defense cannot let Kiel be comfortable in the pocket, or he will be able to make plays.“We have a lot of respect for Gunner Kiel and he is a great quarterback,” Schutt said Wednesday. “Our job up front is to get after him and disrupt his game. A huge part of our game plan is getting after the quarterback.”Sophomore safety Vonn Bell makes an interception during a game against Virginia Tech on Sept. 6 at Ohio Stadium. OSU lost, 35-21.Credit: Mark Batke / Photo editorOSU sophomore safety Vonn Bell agreed with his defensive teammate, adding that the Buckeyes will need to disturb Kiel in order to be successful. “He is pretty calm back there,” Bell said Wednesday. “We got to bring a lot of chaos. We are going to bring something for him, so we got to get him mixed up in the head, cover our guys and do our jobs.”Containing the Bearcats’ receivers is something that the OSU defense is also focusing on this week as Cincinnati coach Tommy Tuberville called his receiving corps the best he has ever coached. In comparison, Tuberville has coached at Auburn and Texas Tech amongst other schools, going undefeated at Auburn in 2004. Bell said he knows the Buckeyes will be tested Saturday, but remains confident the OSU defense will hold its own. “It’s a challenge for us, (but) it is a challenge for them too,” Bell said. “We got a good group of guys, they got a good group of guys. It’s going to be a real good contest out there. We are going to fight to the end.” After receiving scrutiny last season, Bell said the Buckeye secondary is excited to prove that they are no longer the weak link on the football team. “We are going to show the world who we are,” Bell said.The Buckeyes will have the chance to do that in their second primetime game of the season and fourth overall contest Saturday, something Schutt said he is looking forward to following a week off. “A bye week is always tough, sitting at home watching everyone play,” Schutt said. “We are definitely eager to get after it.”OSU and Cincinnati are scheduled to kickoff Saturday at 6 p.m. at Ohio Stadium. read more