FacebookTwitterLinkedInEmailPrint分享CNN:Chesapeake Energy helped pioneer America’s shale natural gas revolution. Now, the company is warning that it may not survive the era of cheap gas it helped to usher in.The Oklahoma-based energy company said Tuesday in a filing to the Securities and Exchange Commission that if “depressed prices persist,” there is “substantial doubt” about its ability to continue as a “going concern.”Chesapeake Energy (CHK) has fallen. The company’s early bets on fracking made it a natural gas powerhouse, and at one point it was the nation’s No. 2 natural gas producer. Aubrey McClendon, Chesapeake’s late founder and CEO, was considered one of the leaders of the shale boom.But the company now is drowning in $10 billion of debt. And it’s struggling to pay it all back, because America is swimming in excess natural gas, keeping prices very weak. Chesapeake’s average realized natural gas price dropped nearly 12% during the third quarter.Chesapeake’s share price plunged 15% on Tuesday to $1.34 following the warning and a weak earnings report. The stock has lost 98% of its value since closing at a record high of $65.63 in July 2008.The financial problems have been amplified by a bid to diversify away from natural gas by betting big on oil. The company’s October 2018 deal for shale oil driller WildHourse Resource Company, valued at $4 billion, including debt, came when U.S. oil prices were trading at nearly $70 a barrel. Weeks later, crude plunged below $45 a barrel. Oil prices have yet to fully recover.Chesapeake’s balance sheet is carrying $9.7 billion of debt, compared with $8.2 billion at the end of 2018 — nearly five times more than Chesapeake’s entire market value.Citing weak prices, Chesapeake on Tuesday announced plans to slash its drilling and completion activity by 30% in 2020. And the company plans to cut production and general expenses by about 20% in a bid to achieve free cash flow. Executives also said they will consider selling assets to raise cash.More: Fracking pioneer Chesapeake Energy is drowning in debt Fracking leader Chesapeake Energy struggles under soaring debt and plummeting prices
“But in fact, it benefits only a handful of people and creates an imbalance. The rich get richer and the poor get poorer,” he said.Muhammadiyah, the country’s second-largest Muslim organization, also voiced its concern about how the government had handled the law.Muhammadiyah general secretary Abdul Mu’ti said that given the widespread protests and strikes against the law across the country, the government should “understand the public’s psychological state and disappointment.”“[The government] should have a dialog with elements of the public, particularly those who are opposed to the law,” Mu’ti said in a statement on Muhammadiyah’s official website, adding that the government should avoid taking an “authoritarian approach.”Earlier this week, a group of religious leaders – including Muslim clerics Maksum Mahfudz, Busyro Muqoddas and Roy Murtadho, Christian pastors Merry Kolimon and Penrad Sagian – had also declared their opposition to the Job Creation Law. Penrad also posted an online petition calling for the public to reject the law. As of the time of writing, the petition has gained over 1.3 million signatures.Topics : “Within the omnibus law, education [institutions], for example, are treated as if they are companies. This is wrong,” he added.Said called for a tasawuth (moderate and balanced) solution in the form of a judicial review. “Our stance is critical [against the omnibus law] but let’s do it in an elegant way and without violence,” he said. “We demand a [judicial] review.” He further appealed to NU members to continue speaking out for the people. He said that Indonesia’s rich natural resources were sufficient for the welfare of the country’s entire population if managed fairly. Said Aqil Siradj, the chairman of Indonesia’s largest Islamic mass organization Nadhlatul Ulama (NU), has stated that the recently passed Job Creation Law is “oppressive” and benefits only the rich.“[The law] only benefits tycoons, capitalists and investors but tramples on the interests of laborers, farmers and the lower classes,” Said said in a video uploaded to NU’s official YouTube account.
Losing on your home floor in front of more than 7,000 extremely loud fans is not a great experience. And for Serbia at FIBA Women’s EuroBasket, it was a tough pill to swallow. Hopes were high. Expectations were raised. And beating Sweden by 38 points in the quarterfinals gave them real belief that a place in the final was attainable. Alas, losing to Spain in the semifinal after fighting and clawing their way slowly into the game, and even getting ahead with just minutes to go, is tough to come back from. https://images.daznservices.com/di/library/sporting_news/1/ac/sonja-petrovic-serbia-fiba_ohtg9c8xyvhh1i0y5uz5lar1c.jpg?t=-868132589&w=500&quality=80 The home crowd has been passionate: every time a player from the opposite team touches the ball, boos rain down on them. And every time the Serbian side scores, even on just a free throw, it is like their team has scored a winning penalty in the Soccer World Cup. But this is something the British team has faced before, when they beat Latvia in Riga during the opening game of the tournament.However, the volume inside Stark Arena has helped fuel an effective full court, trapping defense for Serbia – the likes of which Britain has only really faced once in the opening round. During that contest, Britain and Spain were tied with less than 90 seconds to go – not dissimilar to Serbia’s loss at the semifinal stage, when the home nation was tied in the last two minutes.Britain is also solid and smart on the defensive end, and going into the semifinal, they had recorded the fewest fouls in the tournament. Serbia will face a tough decision regarding their second leading scorer, Ana Dabovic. The forward broke her hand against Sweden, and managed just 9 points in the game against Spain before fouling out. Petrovic said: “We couldn’t ask for more from Ana. She’s obviously playing with a broken hand and then you can only ask so much from a teammate like that to sacrifice herself for the team. A medal is still possible, because the country will face Great Britain for a chance at picking up bronze. But Petrovic couldn’t hold back the tears when she spoke with a sense of finality about the tournament. “I’m super proud of my teammates – they did an amazing job. We stayed together through everything. The way they support me I cannot ask for more. I’m proud of that.”Serbia spent so much energy to get back into the game against Spain that you wonder what they will have left to take on a side that is approaching Sunday’s match-up with a different mentality. Great Britain might be the darlings of EuroBasket, and on the four occasions it has previously made the tournament, the best the country could muster was a ninth place finish. Therefore, few people outside the 12 players on the team ever imagined Britain achieving any success in Belgrade. However, rather than wallowing in that lack of belief, the British team is embracing it. After losing to France in the semifinal, point guard Rachel Vanderwal said: “We were in the semifinals at EuroBasket playing against one of the best teams in the world and we were right there, we could have had that game. They came out in the third quarter and made a little run but we fought on defense. Our defense was great, we just didn’t make shots in the end. But, hey, anything can happen tomorrow.” https://images.daznservices.com/di/library/sporting_news/cd/59/ana-dabovic-serbia-fiba_1j1p85wox0ibh1t86cez3i448p.jpg?t=-867775893&w=500&quality=80 Sonja Petrovic said: “It wasn’t the game we wanted against Spain. Not just because of losing, but we didn’t show our characteristic tempo game or spirit, but obviously we want to finish with a medal and good taste in our mouth.” https://images.daznservices.com/di/library/sporting_news/46/1c/rachel-vanderwal-gb-fiba_1grmhdmz901do12kh0mtv9to90.jpg?t=-867901509&w=500&quality=80 “I’m super proud of my teammates. We stayed together through everything. The way they support me I cannot ask for more. I’m proud of that. I think we had a great run the whole tournament, hopefully we can finish that with a win.”Meanwhile, the British team is still excited to be playing. Karlie Samuelson said: “I think this programme has always had heart. I just came here just in the past two or three years, but I know Joey [Leedham-Warner] and all these girls have been playing and I think we’ve shown in the tournament that we are one of the top teams in the world.”One might be feeling like they are on their way up, while the other might be feeling the opposite, but you never can kick a team like Serbia when they are down, because they have shown throughout the tournament that they can fight back. And if there is still pride to fight for, the bronze-medal game will be one to watch.
By The Nelson Daily SportsJill Winters of Nelson survived a marathon weekend to earn one of the two spots in the upcoming 2011 Scotties B.C. Women’s Curling Championships in Cloverdale.Winters outlasted the Karla Thompson rink of Kamloops 7-6 in the B-C event final of the Interior Women’s Curling Championships Sunday at the Summerland Curling Club to win a trip to the provincial final.It was the ninth game of the weekend for the Winters rink, which includes fellow teammates, third Samantha Almquist, second Natalie Nowicki and lead Heather Nichol,The C-event final was necessary after the Spoolmak Country rink dumped the All-Kootenay rink 11-6 in the B-event final earlier in the day. Thompson scored four in the ninth to put the contest away.And the B-C-event game didn’t look good early for Winters. Thompson struck for three in the opening end forcing Winters to play catchup.However, it didn’t take long for the veteran skip to rebound. Winters scored a single in the second before stealing a pair in fourth and a single in the five to establish a 4-3 lead.After Thompson tied the contest by scoring one in the sixth, Winters struck for a deuce in the seventh before holding off Thompson for the narrow win.This is the second time in three years Winters had skipped a team to the B.C. Scott Tournament. The West Kootenay rink included Allison Hurley and Loreen Amonson of Nelson and Lisa Nevakshonoff of Castlegar. Winters also curled at the provincials in 1998, 2006 and 2007.The Cloverdale Curling Club hosts the 2011 Scotties B.C. Women’s Curling Championships January 17-23.Jen Fewster of Prince George, winner of the A-event, is the other Interior rep from the Summerland event slated to attend the Scotties [email protected]
Thursday first contest between the two West Kootenay rivals was close through one quarter before a suffocating press allowed LVR to score 14 consecutive points to lead 30-16 at the half.Zondervan led all scorers with 17 points while Perkins added 16.Shannon Oosthoyen had nine while Christina Champlin had eight.Jennifer Chung led the Hawks with 10 points while Gina Oostlander had nine.The Bombers opened the season going 1-2 at a tournament in Agassiz before getting beaten by Pen Hi. Ali Zondervan and Naomi Perkins combined for 33 points to lead the L.V. Rogers Bombers to a convincing 74-34 victory over the J. Lloyd Crowe Hawks of Trail in West Kootenay High School Girl’s Basketball action Thursday night at the Hangar in Nelson.The win was the second of the season for the Bombers and made up for a loss during the weekend to AAA power Pen-Hi Lakers of Penticton.
While the Beaver Valley Nitehawks have cruised along this Kootenay International Junior Hockey League season over nice smooth newly laid pavement, the Nelson Leafs have hit almost every pothole along the way to a third-place finish in the Murdoch Division.However, despite the Hawks finishing with 17 more wins and 33 points better in the Murdoch standing than the Leafs, both teams enter Tuesday opening game of the best-of-seven series on even terms.That’s right, when the starting pistol goes off at 7 p.m. in the Fruitvale Arena it’s open season on which team will advance to the Kootenay Conference Championship.“We’ve had tight games with them all year but I believe we need to adopt the same game plan as we did against Castlegar . . . continue our physicality, our defense-first hockey and then capitalize on our chances,” said Leaf veteran forward Dale Howell after Nelson posted the 4-2 series upset of the Castlegar Rebels — a team that also finished well ahead of the Green and White during the regular season.Most experts have the Nitehawks waltzing through this series just like the KIJHL regular season champs disposed of the Grand Forks Border Bruins in the first round of the playoffs — in straight games.However, those same experts probably also penciled in a Beaver Valley-Castlegar Murdoch Final in their KIJHL pool.“I think we have play with composure,” said Leaf head coach Mario DiBella when asked about the Nitehawks.“We have to get pucks to the net and we need to have traffic in front of their goaltender.”Nelson managed to take two games from the Hawks this season — one of the games coming in overtime.However, a quirk in the schedule saw the teams play only twice since Christmas with both games decided by a single goal and the Leafs struggling to put a complete roster together. “We went through some key injuries earlier in the season but it seemed like everything kind of lined up as the season ended with everyone getting healthy and back into the lineup,” said Howell, leading a balanced Leafs scoring attack with six points.“That’s been a big difference for us having a full lineup with everyone able to play to our full capabilities.”DiBella said the Leafs are fairly healthy following the Castlegar series.“We’ve got 22 guys eager to get started on the next series,” he said.“We’ve got a few days off now. We’ll practice Monday and get started Tuesday and I think that we’re in good shape to give Beaver Valley a run.”Facing the KIJHL best goalie will be a test for LeafsThere haven’t been many nights when Tallon Kramer has not left the ice a winner for the Nitehawks after starting the game.Similar to how Tyson Brower dominated the crease when the Kimberley Dynamiters won the KIJHL title in 2015, Kramer has owned opposing shooters, posting a league high 28 wins during the regular season and four more in the playoffs.To make matters worse, the Grande Prairie native has lowered his regular season goal average from 1.81 to 1.75 in the playoffs.“(Tallon Kramer) is a premier goalie in the league and we have to show him that we’re prepared to go hard to the net and earn our opportunities,” DiBella said.Nelson has a pretty good goalie of their own heading to the net to open the series Tuesday.Devin Allen, finishing the season with a 3.47 goal average, has put up some pretty good numbers of late, allowing two goals in three games — plus two posting two 1-0 shutouts — as Nelson rallied from a 2-1 deficit against Castlegar.Allen lowered his goal average to 2.04 in the playoffs.