Cabot Oil & Gas completes divestiture of interest in Meade Pipeline

first_img Image: Cabot Oil & Gas sells ownership interest in Meade Pipeline. Photo: courtesy of rawpixel from Pixabay. Cabot Oil & Gas Corporation has completed the previously announced divestiture of its 20 percent ownership interest in Meade Pipeline Co LLC (“Meade”) and provided an update on its share repurchase program.Completion of Meade DivestitureOn November 13, 2019, Cabot completed the divestiture of its 20 percent ownership interest in Meade for $256 million, excluding customary closing adjustments. “Proceeds from this divestiture will allow Cabot to continue to enhance shareholder value through an ongoing opportunistic share repurchase program, while also providing the Company with increased financial strength in a challenging natural gas price environment,” highlighted Dan O. Dinges, Chairman, President and Chief Executive Officer.Share Repurchase Program Update“Subsequent to our third quarter earnings release, we were active in our share repurchase program in anticipation of the proceeds from the Meade divestiture,” stated Dinges. Cabot has repurchased 5.0 million shares at a weighted-average share price of $17.84 during the fourth quarter of 2019. Since reactivating the share repurchase program in the second quarter of 2017, Cabot has reduced its shares outstanding by over 13 percent to 402.9 million shares. The Company currently has 16.0 million remaining shares authorized under its share repurchase program (or approximately four percent of its current shares outstanding). Dinges added, “Year-to-date, we have returned over $580 million of capital to shareholders through dividends and share repurchases, representing over 110 percent of the midpoint of our free cash flow guidance for the year and far exceeding our target of returning at least 50 percent of annual free cash flow to shareholders. We plan to remain active with our opportunistic share repurchases, which are supported by our expectation for continued free cash flow generation, even in the lows of the natural gas price cycle.” Source: Company Press Release Cabot completed the divestiture of its 20% ownership interest in Meade last_img read more

Welsh agents race to get licensed by mandatory RentSmart scheme

first_imgHome » News » Welsh agents race to get licensed by mandatory RentSmart scheme previous nextRegulation & LawWelsh agents race to get licensed by mandatory RentSmart schemeCommunities Secretary says agents who do their best to get licensed won’t be prosecutedNigel lewis23rd November 20160624 Views The deadline for registration with Rentsmart Wales has now passed and the hundreds of unlicensed agents who manage properties on behalf of landlords are now in breach of the Housing (Wales) Act 2014 but, we can reveal, won’t be prosecuted straight away.Rentsmart Wales, which is the Licensing Authority operating the scheme on behalf of the country’s 22 local authorities and run by Cardiff City Council, would appear to be creaking under the strain of late applications from landlords and agents. Its main contact number has been constantly engaged since the beginning of the week.As the deadline passed last night Rentsmart Wales says it had licensed 405 agents with 1,147 pending approval, and 3,945 landlords licensed with 9,133 pending approval. This is a significant improvement on the position at the end of October when 303 agents had been licensed and 576 were pending approval. Rentsmart also says 126,154 properties are now within the scheme or about 62% of the rental stock.But there is  still a long way to go and the vast majority of agents and landlords are waiting for to be licensed. In light of these figures, Welsh Assembly Communities Secretary Carl Sargeant said last night that agents and landlords would not be prosecuted “if they have done all they reasonably can to comply”.“But, this must not be seen as an excuse to ignore the law,” he said. “My message to private landlords is clear. You must take action to comply with the requirements of the law.“We know some private landlords will deliberately flout the law. They will be targeted and if they fail to comply, they will face the consequences, including fines, fixed penalties, restrictions on evicting tenants, and rent stopping and repayment orders.”Rentsmart wales November 23, 2016Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles Letting agent fined £11,500 over unlicenced rent-to-rent HMO3rd May 2021 BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021last_img read more

Trading Standards given new role in regulating ‘Win a House’ property raffles

first_imgOrganisers of property raffles, which have become an increasingly popular way to sell a home when estate agents are unable to find a buyer, are to be regulated.Until recently organisers have only faced scrutiny from the Advertising Standards Authority (ASA), but from now on all complaints about property raffles are to be referred to the National Trading Standards Estate and Letting Agency Team (NTSELAT).The problem is not a large one – the ASA has only received 90 complaints about property raffles over the past five years – but the sums of money involved are significant.Also called ‘Win a House’ prize draws or competitions, promoters offer their own homes in a bid to raise the funds they had hoped to receive for their properties via traditional routes.Many property raffles flounder after failing to reach their targets and then, when organisers offer a cash alternative of a lesser value, participants then complain.InvestigationsThe ASA has consequently conducted several investigations into how these raffles have been advertised. Organisers often have no inkling that their property raffle advertising breaches ASA codes or that running it could be a legal issue under the Estate Agency Act 1979.Also, NTSELAT is keen to remind promoters that they must follow certain rules including adhering to Anti Money Laundering Regulations and be members of an approved redress provider.But this assumes that their prize draw or competition has been conducted correctly. If not they could be an ‘illegal lottery’ and would fall under the jurisdiction of the Gambling Commission.To add another layer of complexity, if a raffle is not explained clearly enough, it could be a ‘misleading action’ under the Consumer Protection from Unfair Trading Regulations 2008.“There is a clear difference between winning a house worth a specified sum and winning a much lower amount of money,” says James Munro, Senior Manager at NTSELAT.“In many cases these distinctions are not clear. Consumers buying a ticket need clear and truthful information on what happens if not enough tickets are sold.”Read more about property raffles.property raffles NTSELAT James Munro February 28, 2020Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Hong Kong remains most expensive city to rent with London in 4th place30th April 2021 Home » News » Trading Standards given new role in regulating ‘Win a House’ property raffles previous nextRegulation & LawTrading Standards given new role in regulating ‘Win a House’ property rafflesThe National Trading Standards Estate and Letting Agency Team is to deal with complaints about this unusual and increasingly popular way of selling a home.Nigel Lewis28th February 20200797 Viewslast_img read more

‘Estate agent staff like me are quitting London for a better lifestyle’

first_imgThe well-documented population exodus from London during Covid has included many estate agent staff who have used the shift to hybrid-style home working to escape London. And one high-profile example is former Marsh & Parsons sales manager Richard Towler who, after 14 years working in the Capital as an estate agent, has returned to his home town.He has joined Teeside two-branch estate agency Clarke Munro as its Sales Director, telling The Negotiator that many more from his former London estate agent peer group have quit London too.Clarke Munro recently rebrand from Thirlwells following the purchase of the business from its founders by Nicola Munro and Wendy Clarke (pictured).It has now embraced a more digital future and turned its two branches into hybrid-style hubs as the business expands without establishing more offices.Towler says: “North Yorkshire had always been somewhere that my wife, Debs, and I had planned to move back to once our daughter, Ruby arrived.Lockdown decision“The national lockdown last Summer provided us with the opportunity to accelerate our move forward a number of years.“From a work perspective, London provides the best opportunities to develop a career and gain exceptional experience, and my wife and I have enjoyed our time there immensely.“But with our young daughter, the move up to Yorkshire has given our family considerably more space at home, a better work-life balance and a lot more fresh-air without compromising on our professional careers.“Debs has continued to work for the same law firm but an office at home, and I am thoroughly enjoying my new role with Clarke Munro.”richard towler marsh & parson Clarke Munro estate agent January 15, 2021Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Hong Kong remains most expensive city to rent with London in 4th place30th April 2021 Home » News » COVID-19 news » ‘Estate agent staff like me are quitting London for a better lifestyle’ previous nextAgencies & People‘Estate agent staff like me are quitting London for a better lifestyle’Former Marsh & Parsons sales manager Richard Towler says Covid has persuaded him to quit the Big Smoke for Teeside.Nigel Lewis15th January 202101,504 Viewslast_img read more

SW estate agencies unite under one name with plans to expand

first_imgTwo well-known estate agencies in Cornwall have merged and united under one name with plans to expand.Harding Laity in St Ives (pictured, above), which is the town’s longest-established firm and Bodmin-based My Place Estate Agents will now move forward under the Harding Laity name with plans to open a new branch in Wadebridge near Padstow in June.My Place was incorporated in 2016 while Harding Laity has a 30-year track record in the St Ives market.The merged estate agencies will include a combined team of 11 staff with a further two to be created at the new branch.Richard Yeo, former My Place chief and now managing director of the combined company, says: “This is truly an exciting time for us, as we move forward with these two successful Cornish businesses becoming one.“We are thrilled to be investing in the high street and creating jobs at this time.“We strongly believe that Cornwall is a key location, which has driven us to extend our investment into the Cornish market.“However, when merging the two companies, we did so based on the strong belief that an estate agency isn’t just about selling homes, it is also about a strong passion for the areas we represent.“The pandemic has certainly changed the property market long-term.“A lot more information is being gathered digitally by home buyers, who may be less interested in transport links and more interested in home office potential and where to get a great coffee nearby. This merger will enable us to offer that high level of personal service to our clients throughout Cornwall.”Visit Harding Laity. March 29, 2021Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Hong Kong remains most expensive city to rent with London in 4th place30th April 2021 Home » News » Agencies & People » SW estate agencies unite under one name with plans to expand previous nextAgencies & PeopleSW estate agencies unite under one name with plans to expandHarding Laity and My Place are to move forward under one identity and open a third branch with two additional staff.Nigel Lewis29th March 20210541 Viewslast_img read more

US Navy Takes Delivery of First Components for EMALS for New Aircraft Carrier

first_img View post tag: components View post tag: DELIVERY Back to overview,Home naval-today US Navy Takes Delivery of First Components for EMALS for New Aircraft Carrier View post tag: takes Designers of the U.S. Navy’s future aircraft carrier USS Gerald R. Ford (CVN 78) are taking another step toward deploying the nation’s first…By John Keller (militaryaerospace)[mappress]Source: militaryaerospace, May 20, 2011; US Navy Takes Delivery of First Components for EMALS for New Aircraft Carrier View post tag: Carrier View post tag: Aircraft May 20, 2011 Equipment & technologycenter_img View post tag: US View post tag: New View post tag: Navy Share this article View post tag: News by topic View post tag: EMALS View post tag: first View post tag: Navallast_img read more

Canadian Navy Ships en Route for Operation CARIBBE

first_img View post tag: Canadian View post tag: Navy Massachusetts photographer Gene Harriman captured these beautiful shots of HMCS Glace Bay passing through the Cape Cod Canal on Thursday, February 20th.Mr. Harriman explained to the Royal Canadian Navy (RCN) that each time he shoots a photo of a naval vessel in the Canal, he says a little prayer to himself to bring calm and safe seas to its sailors.For the RCN, this is the second deployment of Kingston-class vessels on Operation CARIBBE this year. HMCS Nanaimo and Whitehorse, from the Pacific Fleet, departed for the Eastern Pacific Ocean on February 10th, 2014.As part of its contribution to Operation CARIBBE, the RCN periodically deploys warships from both the Atlantic and Pacific Fleets. While deployed on Operation CARIBBE, the warships patrol international waters in an effort to locate, track, approach and potentially intercept suspicious vessels in order to allow United States Coast Guard Law Enforcement Detachment personnel to board and conduct law enforcement operations.Last year, the RCN contributed to Operation CARIBBE four Kingston-class vessels (HMC Ships Edmonton, Kingston, Summerside and Yellowknife), two Halifax-class frigates (HMC Ships Ottawa and Ville de Québec), one supply vessel (HMCS Preserver), and one Victoria-class submarine (HMCS Victoria).[mappress]Press Release, February 21, 2014, 2014; Image: Canadian Navy View post tag: operation Back to overview,Home naval-today Canadian Navy Ships en Route for Operation CARIBBE February 21, 2014 View post tag: Caribbe View post tag: En Canadian Navy Ships en Route for Operation CARIBBE View post tag: Route View post tag: News by topic HMCS GLACE BAY (MM 701)Her Majesty’s Canadian Ships (HMCS) Kingston and Glace Bay departed Halifax earlier this week for the Caribbean Sea to support Operation CARIBBE, Canada’s contribution to the multinational campaign against illicit trafficking by transnational criminal organizations in the Americas and Caribbean. View post tag: ships View post tag: Naval Share this articlelast_img read more

Image of the Day: USNS Yukon, USS America RAS

first_img Authorities View post tag: Naval Image of the Day: USNS Yukon, USS America RAS View post tag: Image of the Day The Military Sealift Command fleet replenishment oiler USNS Yukon (T-AO 202) departs after transferring fuel to the future amphibious assault ship USS America (LHA 6) during an underway replenishment-at-sea. October 6, 2014 Follow @navaltoday View post tag: News by topic View post tag: americascenter_img View post tag: Navy America is the first ship of its class, replacing the Tarawa-class of amphibious assault ships and is scheduled to be commissioned Oct. 11 in San Francisco.[mappress]Press Release, October 06, 2014; Image: U.S. Navy photo by Mass Communication Specialist 3rd Class Huey D. Younger Jr. View post tag: RAS Back to overview,Home naval-today Image of the Day: USNS Yukon, USS America RAS View post tag: USNS Yukon View post tag: USS America Share this articlelast_img read more

UK to Move Trafalgar Submarines to Clyde

first_img UK to Move Trafalgar Submarines to Clyde View post tag: Maritime Industry news Back to overview,Home naval-today UK to Move Trafalgar Submarines to Clyde View post tag: News by topic View post tag: Submarines Defence Secretary Michael Fallon has confirmed that two Trafalgar Class submarines will move from Devonport to Clyde.Two Trafalgar Class submarines will move from Her Majesty’s Naval Base Devonport to Her Majesty’s Naval Base Clyde in another step towards HMNB Clyde becoming the Royal Navy’s submarine centre of specialisation.By 2020, HMS Talent and HMS Triumph will have moved to Scotland making HMNB Clyde home to all of the UK’s submarines.The Royal Navy’s other two T-Boats, HMS Torbay and HMS Trenchant, are to remain at their current home in Devonport until they are decommissioned in 2017 and 2019 respectively.Defence Secretary Michael Fallon said:This decision balances the Royal Navy’s operational requirements with giving more clarity to our servicemen and women to plan their family lives.HMS Torbay and HMS Trenchant crews and their families now have certainty that Devonport will be their home port until the boats decommission. We expect that local communities will welcome HMS Talent and HMS Triumph and their crews and families when they arrive in Scotland later this decade.Our commitment to Faslane becoming home to all Royal Navy submarines from 2020 will bring hundreds of jobs and investment to the West of Scotland.There is no change to the decision to make HMNB Clyde the single integrated submarine operating base and submarine centre of specialisation by 2020.However, to have HMS Torbay and HMS Trenchant remain in Devonport until they decommission represents better value for money than to move them so near to the end of their service lives.[mappress mapid=”14564″]Press Release; Image: UK MoD View post tag: Move November 28, 2014 View post tag: UK View post tag: Trafalgar View post tag: Clyde Share this articlelast_img read more

USS Kauffman Exchanges Detainee and Evidence with Ecuador

first_img View post tag: americas Back to overview,Home naval-today USS Kauffman Exchanges Detainee and Evidence with Ecuador Authorities View post tag: Navy View post tag: Exchanges View post tag: News by topic View post tag: Naval July 21, 2015 View post tag: Evidence The guided-missile frigate USS Kauffman (FFG 59) conducted a detainee and evidence exchange with Ecuadorian government representatives off the northern coast of the Galapagos Islands, June 13.The exchange took place as part of a coordinated effort by Joint Interagency Task Force (JIATF) South, Ecuadorian officials, and Kauffman, as the ship continues its participation in Operation Martillo. The multi-nation effort aims to stem the flow of narcotics and illegal smuggling through littoral waterways of the Caribbean Sea and and along the Pacific coast of Central America.In most cases, contraband smugglers caught by the U.S. are prosecuted by whichever U.S. Coast Guard (USCG) district they are caught in. In this situation, the suspects in question were part of a larger case the Ecuadorian government is pursuing, said a USCG chief petty officer.[mappress mapid=”16525″]Image: US Navy Share this article View post tag: Ecuador USS Kauffman Exchanges Detainee and Evidence with Ecuador View post tag: USS Kauffman View post tag: Detaineelast_img read more