Natural Resources – Wagdy Ghoneim http://wagdyghoneim.com/ Fri, 11 Jun 2021 22:24:20 +0000 en-US hourly 1 https://wordpress.org/?v=5.7.2 http://wagdyghoneim.com/wp-content/uploads/2021/03/wagdyghoneim-icon-70x70.png Natural Resources – Wagdy Ghoneim http://wagdyghoneim.com/ 32 32 Alaskans should be good stewards of our home http://wagdyghoneim.com/alaskans-should-be-good-stewards-of-our-home/ Fri, 11 Jun 2021 21:08:28 +0000 http://wagdyghoneim.com/alaskans-should-be-good-stewards-of-our-home/

It’s a great time of year, when Alaskans come out of the long, dark winter and rush into the great outdoors, ready to relive the freedom and natural beauty for which our state is so aptly celebrated.

As we prepare to go fishing, hiking, boating, camping, quad biking or sightseeing, Alaskans need to be aware of our responsibility to respect our shared natural resources and re-commit to being of great stewards of the lands we love by keeping our state. clean and garbage-free this summer.

We Alaskans pride ourselves on doing things our way. We “don’t care how they do it on the outside”, and we pride ourselves on our reputation for taking good care of the special place we call home. Our reputation for pristine natural beauty supports a healthy lifestyle for ourselves and a thriving tourism industry whose benefits extend statewide from town to village.

But while most of us do our part to maintain high standards of upkeep and cleanliness outdoors, the bad behavior of a few can literally tarnish Alaska’s reputation. Too many of us have seen the evidence in too many places: piles of empty bottles or food wrappers, carelessly discarded fish carcasses, overflowing dumpsters and telltale wisps of windblown toilet paper by the side of the road.

Over the past summer, COVID in Alaska – which most of us have carried out outdoors – heavy weekend use in the Kasilof River Special Use Zone on the Kenai Peninsula saw dumpsters overflowing with trash and an unsightly campground that produced ugly images in the news and on social media. media. Unfortunately, with the travel of outside visitors limited by the pandemic, Alaskans had only ourselves to blame for this embarrassing scene. Simple practices like “pack, put away” make all the difference when we share all facilities and areas of public use.

As Commissioners, we head departments dedicated to fulfilling our constitutional responsibility to conserve and develop our state’s land, water, fish and wildlife for the common good of the people. As part of this mission, we are proud to support Governor Mike Dunleavy’s “Unlocking Alaska” initiative, asserting the state’s management authority over navigable waters and submerged lands, as promised to Alaska at the time. of its accession to State status. Alaskans can help strengthen this effort by ensuring that we know who owns the lands and waters where we recreate and by being respectful users, whether ownership is state, federal or private.

One example is the popular dip net fishing of the Copper River near Chitina. Those who take the Copper River Highway to access the public salmon resource at the end find themselves on private land, most of which is owned by Ahtna Inc., the regional Alaska Native corporation, and the Chitina Native Corporation, the village corporation of the region. Having suffered the damage caused by a few bad actors in the past, these private land owners are justified in charging fees to cover the costs of maintaining their land, cleaning up garbage and repairing the damage, and in some cases restoration. desecration of Alaskan Native burial sites. .

Such behavior has consequences, not only at local or state level, but also nationally. Our state is under nationwide scrutiny, with the development of important resources vital to our state’s continued prosperity stalled due to the perception that Alaskans are unwilling or unable to protect our own environment. Alaskans ransacking public and private lands lend credence to claims by anti-development forces that they cannot be trusted to protect our own environment. They strengthen the case of those who want to impose federal authority to look over our shoulder to keep Alaska “clean”.

We are Alaskans. We respect our communities and love our land. It just takes a little consideration, a little thought, and some preparation to be good stewards of public lands and respectful visitors to private lands. If you pack it, pack it. Leave the trail or campsite cleaner than you found it. Pick up after your pets. Be a good example of the kind of Alaskan outdoorsman you wish all visitors were.

When we do this, we demonstrate to ourselves and to the world that we Alaskans care for our land and are more than capable of managing our common resources responsibly, without the federal government or outside vested interests. tell how we should take care of our own home.

Corri A. Feige is Commissioner of the Alaska Department of Natural Resources.

Doug Vincent Lang is commissioner of the Alaska Department of Fisheries and Game


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“Clean Green” to counter Belt and Road – Energy and natural resources http://wagdyghoneim.com/clean-green-to-counter-belt-and-road-energy-and-natural-resources/ Fri, 11 Jun 2021 02:35:56 +0000 http://wagdyghoneim.com/clean-green-to-counter-belt-and-road-energy-and-natural-resources/

Worldwide: “Clean Green” to counter the belt and the road

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Bloomberg News last week reported that the Group of Seven Nations (G7) intended to launch an alternative to China’s Belt and Road Initiative when they meet later this week in Cornwall. , in England. The strategy should be called the “Clean Green Initiative” and it is hoped that it will provide a framework to support sustainable development in developing countries. As the global minimum tax discussion dominates the G7 headlines, “Clean Green” is an important development with ramifications for US and multinational energy companies.

The Belt and Road Initiative is a massive infrastructure project stretching from East Asia to Europe, which aims to create a network of railways, pipelines, border crossings, sea routes and special economic zones. Over 60 countries have joined the Belt and Road projects, and over 100 have expressed interest. Critics, however, argue that Belt and Road is “debt trap diplomacy,” using low-interest loans that several countries have struggled to repay. Critics have also focused on Belt and Road’s opaque tendering processes, which they say foster a culture of corruption, and the requirement that Belt and Road participants hire exclusively Chinese companies. These two factors have prevented multinational energy companies from the United States and other non-China from participating in major infrastructure projects in developing countries.

The United States and its allies have been concerned about Belt and Road for some time, but to date they have not been able to come up with a credible alternative. Individual members of the G7 have attempted to come up with their own alternatives in recent years, without much success. But all G7 countries are committed to an alternative that emphasizes transparency and the rule of law. Even if the contours of “Clean Green” are still undecided, the fact that the G7 takes a tangible step towards an alternative to Belt and Road should be a boon for American and multinational energy companies, in particular those in the renewable energy sector. Given the criticisms of the opacity of the Belt and Road project, “Clean Green” will almost certainly contain a strong commitment to transparency and the fight against corruption. As a result, companies with existing international operations and strong compliance programs will have an advantage in securing early projects. Clean Green projects are expected to provide the United States and other multinational energy companies with significant opportunities to increase their market share in developing countries.

The content of this article is intended to provide a general guide on the subject. Specialist advice should be sought regarding your particular situation.

POPULAR ARTICLES ON: Energy and natural resources around the world

Temporary ban on new federal oil and gas leases under fire

Jones Day

On January 27, 2021, President Biden signed Executive Order 14008 (“EO 14008”), putting in place a temporary hiatus on the auction of new oil and gas leases on federal lands and waters while the administration of the president revises the program.


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Department of Natural Resources Tackles Hardwood Shortage http://wagdyghoneim.com/department-of-natural-resources-tackles-hardwood-shortage/ Thu, 10 Jun 2021 08:30:00 +0000 http://wagdyghoneim.com/department-of-natural-resources-tackles-hardwood-shortage/

PORT ANGELES – The foundations are being laid for a pilot effort to supply cedar and alder to factories on the Northern Olympic Peninsula that are lacking in raw materials, the land commissioner said on Wednesday. State, Hilary Franz.

The Natural Resources Department, which she heads, is developing a program manager job description that will include input from timber industry officials who attended the Clallam County Economic Development Board meeting on Wednesday, in which Franz was the guest speaker.

The person hired will report to the Assistant Supervisor for Uplands Angus Brodie, who will report to Franz.

MNR owns more than 5 million acres of nature reserves, conservation areas, recreation sites, aquatic lands and uplands in the 39 counties of the state.

It includes 2 million acres of land in trust for the state forests, of which 18.5 percent is in the Northern Olympic Peninsula – 208,000 acres in Jefferson County and 162,000 acres in County of Clallam.

Hiring a program manager to generate more cedar and alder availability for factories won’t come too soon for officials at Pacific Northwest Products LLC of Forks and Port Angeles Hardwood, which Franz has pledged to. participate in the development of the job description for the new program director.

The state legislature has allocated funds for a position to help MNR determine if there is more supply of hardwood and salvaged cedar wood available on the Olympic Peninsula and in the Willapa Hills, a MNR spokesperson Darwin Forsythe said in an email Wednesday afternoon.

“Obviously this was very recent, so we’re still working with stakeholders to determine the scope of this role. ”

Port Angeles hardwood log buyer Brian Karnes is eager to see the job filled.

“It’s very important for our industry to have the program and to make it succeed, to bring us more products for our mill in order to keep our mill running full time, which is a struggle on the peninsula with the limited harvest that we have had in the past, ”he told Franz.

Karnes said in a subsequent interview that the program would target cedar salvage and alder harvesting.

“Anytime we can get newspapers from local sources, the better,” he said.

Sig Toma of Portland, owner of Pacific Northwest Products in Forks, who attended Wednesday’s meeting, said his company had to shut down 220 shingle machines for lack of cedar salvage from MNR and other landowners.

“This has resulted in a dramatic decrease in industry supply and we are literally losing the roofing product that can be installed over asphalt and other man-made products that are petroleum products,” Toma said in a statement. interview.

Setting up a successful pilot program “would grow the business again and there would be more roofing supplies from wood products,” Toma said.

“It’s got to the point where we might have to shut down or do something else with the plant. ”

EDC Managing Director Colleen McAleer echoed concerns over potential plant closures caused by a lack of raw materials.

“There was a great concern that they might have to shut down just based on the process that MNR went through, no other issues, so we’re really excited and hope this will be able to provide the necessary supplies to many. factories in the Olympic region, ”McAleer said at the meeting.

Franz responded that MNR would ensure that the contribution of Karnes and Toma was factored into the description and scope of the Pilot Program Director position.

“It should literally be, if it hasn’t been announced, it’s about to be announced,” Franz said.

“We’re going to need your help, guys, to help fill it with the best talent, right?” She said.

“It will help specifically in your area. ”

Franz said she was against a recent proposal, brought forward by former land commissioners Jennifer Belcher and Peter Goldmark, to tackle climate change by creating ecological reserves that every year, over 20 years, would bar commercial harvesting. 5 percent of the forest land in western Washington. .

“I believe this is not the best for our environment,” said Franz.

“It’s not the best for our communities either.

“I think the most sustainable thing we can do is grow our lumber here in Washington state.

“If we are now exporting our timber production, we are now increasing transport costs, we are also increasing greenhouse gas emissions from transport. ”

The DNR is responsible for 50 percent of production at many factories across the state, Franz said, adding that if that production ceases it could lead to problems similar to those occurring in central Washington, where there are no factories and an abundance of unhealthy private waste. , state and federal forest lands.

Franz said MNR has already set aside nearly 40 percent of its 2 million acres.

A top priority is to resolve a lawsuit in the State Supreme Court regarding Marbled Murrelet habitat that challenges the definition of the public interest in MNR lands.

“We have balanced our responsibility under the Endangered Species Act with our responsibilities as trustees to the trust,” said Franz.

She also discussed a performance assessment of land in trust and committed to ensuring the accuracy and reliability of a forest land inventory.

“It’s not a one-time job,” she said.

Bill 1168, signed by Governor Jay Inslee, provides $ 500 million to improve forest fire response and accelerate forest restoration, and funds 100 new fire stations.

There were 225 fires in April compared to 160 last year.

In the past two years, 40% of fires have occurred west of the Cascades.

“We are seeing that the southwest and the coast have significant drought issues, and we are just starting in June,” Franz said.

To see his presentation, go to clallam.org and click on “Link to Archives” on the home page.

________

Senior Editor Paul Gottlieb can be reached at 360-452-2345, ext. 55650, or at [email protected].



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Alaska Journal | Movers and Shakers for June 13 http://wagdyghoneim.com/alaska-journal-movers-and-shakers-for-june-13/ Wed, 09 Jun 2021 17:22:13 +0000 http://wagdyghoneim.com/alaska-journal-movers-and-shakers-for-june-13/

Helge Ing joined the Department of Natural Resources as director of the Alaska State Forestry and Forestry Division, after a 21-year career with the California Forest Management and Firefighting Agency. At the California Department of Forestry and Fire Protection, Eng had been Deputy Director of Forestry since 2015. Prior to that, he had spent two years as Deputy Deputy Director for Resource Protection, nine years as Head of the Forestry Program of the State and three years as a state forest biometrician for the department. He has held various membership and leadership positions in forestry, including a registered professional forester and fellow of the Society of American Foresters; member of the California Licensed Foresters Association, president of the Northern California Society of American Foresters and state representative on the Policy Committee of the Society of American Foresters. Eng graduated from the University of British Columbia with a bachelor’s degree in forest resource management. At Oregon State University, he earned a master’s and doctorate in forest management, as well as a master’s degree in statistics. Eng succeeds Chris Maisch, who retired as director and state forester in February after 21 years in the Forestry Division.

Craig richards was reappointed to the board of directors of Alaska Permanent Fund Corp. for a term from July 1, 2021 to July 1, 2025. Richards served on the board of directors from 2015 to 2016 and was reappointed in 2017. Richards majored in finance at the University of Virginia, received his MBA from the Duke University and his JD from Washington & Lee University. After serving as a legal assistant for the judge Ralph beistlineRichards worked in private practice focusing on oil and gas. He was the Attorney General of the State of Alaska from 2014-2016 and has since returned to private practice in Anchorage.

Jessie Alloway was appointed to the position of Solicitor General of Civil Appeals. In this role, Alloway will serve as the state’s chief appeals counsel for civil appeals and oversee the Opinions, Appeals and Ethics section of the Alaska Department of Law. Alloway joined the Alaska Department of Law in 2011 as a member of the Natural Resources Section, where she represented the Alaskan Departments of Natural Resources and Fisheries and Game in Magistrates’ Courts. state and federal government on a range of issues, including the conservation of Alaska’s National Interest Lands Act of 1953, and other critical federal and state constitutional issues. Alloway also worked in the Special Litigation section of the Department of Law, defending the Department of Administration in cases involving the diminishing clause of the Alaska Constitution, and worked closely with other colleagues on a wide range of disputes. Since January 2020, she has served as the Senior Assistant Attorney General responsible for handling a range of civilian appeals. Prior to joining the Department of Justice, Alloway served as a prosecutor in the United States Department of Justice, where she worked for the Environment and Natural Resources Division, investigating and prosecuting criminal cases across the country. Alloway began her legal career as a legal assistant to the Honorable Richard C. Tallman of the United States Court of Appeals for the Ninth Circuit. She received her JD from the University of Montana Law School and graduated from the University of Montana School of Forestry. Alloway took up his new role on June 3, 2021.


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David Y. Igé | DLNR PRESS RELEASE: GOVERNOR IGE SIGNS NINE BILLS TO PROTECT HAWAII’I’S WATER RESOURCES http://wagdyghoneim.com/david-y-ige-dlnr-press-release-governor-ige-signs-nine-bills-to-protect-hawaiiis-water-resources/ Wed, 09 Jun 2021 02:15:06 +0000 http://wagdyghoneim.com/david-y-ige-dlnr-press-release-governor-ige-signs-nine-bills-to-protect-hawaiiis-water-resources/

DLNR PRESS RELEASE: GOVERNOR IGE SIGNS NINE BILLS TO PROTECT HAWAII’I’S WATER RESOURCES

Posted on June 8, 2021 in Latest News, Press Room

(HONLULU) – Nine bills passed by the Hawaii State Legislature this year were enacted this afternoon by Governor David Ige. “On this World Oceans Day, Hawai’i is once again demonstrating great leadership in addressing the threats and challenges facing our precious marine environments. I deeply appreciate the legislature’s support for these actions which collectively advance the protection, management and stewardship of ocean resources into the future, ”Governor Ige said.

DLNR President Suzanne Case, present for the signing of today’s bill, commented: “I want to thank the House and Senate leaders who were instrumental in passing seven administrative bills proposed by the Aquatic Resources Division of DLNR. It was certainly one of the most focused legislative sessions on ocean conservation in decades, and these steps will bring us much closer to achieving the goals of Governor Ige’s Honomua: Marine 30X30 initiative. This initiative calls for the protection of at least 30% of the most sensitive coastal waters by 2030.

The bills signed are as follows:

  • HB1016 (Commercial Marine Vessel Licenses, CMVL) – allows the DLNR to issue a single CMVL for all persons on board a vessel. [Rules and fees to be established by administrative rules].
  • HB1017 (Crustaceans) – Repealed law prohibiting the capture or killing of female lobsters, Kona and Samoan crabs. The DLNR Division of Aquatic Resources has administrative rules that reflect the law and can amend the regulations as necessary through the rule making process. [No change to regulations yet, but rulemaking planned for take of female Kona crabs].
  • HB1018 (Net Laying Permit) – Authorizes the DLNR to establish rules for Net Laying Permits for use or possession. Requires annual license renewal and the ability to withhold or revoke licenses for violators.
  • HB1019 (Ocean Stewardship Special Fund) – see separate press release published previously.
  • HB1020 (Adaptive Management) – Authorizes the Land and Natural Resources Council to implement effective and adaptive management measures in response to rapidly changing conditions, such as size and bag limits, closed seasons and equipment restrictions when necessary in extraordinary situations. [Becomes effective Oct. 1, 2021].
  • HB1022 (Natural Resources Inspections) – Authorizes DLNR Conservation and Resources Division officers to inspect coolers or other containers that may contain regulated aquatic life. (see resources below)
  • HB1023 (Non-resident recreational marine fishing license) – see separate press release previously published.
  • SB772 (Special License Plates) – Authorizes the issuance of special license plates relating to the conservation of forests and oceans. The revenues will be deposited into special funds for forest stewardship and beach restoration.
  • HB 553 (Shark Protection) – Prohibits the capture of sharks in state waters and allows DLNR to implement the measure. The exemptions include scientific research, public safety and self-defense. (Effective January 1, 2022).

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Comstock to present at LD Micro Invitational XI http://wagdyghoneim.com/comstock-to-present-at-ld-micro-invitational-xi/ Tue, 08 Jun 2021 10:45:00 +0000 http://wagdyghoneim.com/comstock-to-present-at-ld-micro-invitational-xi/

VIRGINIA CITY, Nevada, June 08, 2021 (GLOBE NEWSWIRE) – Comstock Mining Inc. (NYSE: LODE) (“Comstock” or the “Company”) today announced that its Executive Chairman and CEO, Corrado De Gasperis, will introduce at the 2021 LD Micro Invitational XI investor conference on Wednesday, June 9, 2021.

Presentation details:
Date: Wednesday, June 9, 2021
Time: 10:30 a.m. – 11:00 a.m. EDT
Investors can register for the conference HERE.

About Comstock Mining Inc.

Comstock (NYSE: LODE) is an emerging leader in the sustainable extraction, development and production of clean and renewable natural resources based on innovation, with a focus on high-value strategic materials, generating cash and essential to meet the growing global demand for clean energy, carbon neutrality and natural products. For more information, please visit www.comstockmining.com.

Comstock is also expected to join the Russell Microcap Index following the completion of the Russell 2021 Annual Replenishment, effective after the US market opens on June 28, according to a preliminary list of additions released on June 4, 2021. Russell Membership Microcap® The index, which remains in place for one year, signifies automatic inclusion in the appropriate growth and value style indices. FTSE Russell determines membership in its Russell Indices primarily through objective market capitalization rankings and style attributes.

About 2021 LD Micro Invitational XI

LD Micro is host to the most influential conferences in the small cap world. This Invitational, in particular, is unique as day one celebrates the Hall of Fame, highlighting some of the best players since LD’s inception in 2008. Days two and three focus on newcomers and on-the-go companies. to do great things. Welcome aboard this incredible glimpse into an incredibly bright future.

https://ldmicrojune2021.mysequire.com/

Forward-looking statements

This press release and any related call or discussion may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. . All statements, other than statements of historical fact, are forward-looking statements. The words “believe”, “expect”, “anticipate”, “estimate”, “plan”, “plan”, “should”, “intend”, “can”, “do”, ” Similar phrases identify forward-looking statements, but are not the exclusive means of doing so. Forward-looking statements include statements on such matters as: the completion of any pending transactions; evaluations of projects, assets or businesses; future market conditions for the industry; exploration, acquisitions, investments and sales of future assets; future performances and closures under various agreements; future changes in our exploration activities; estimated future mineral resources; future prices, sales and demand for our products; future impacts of land rights and uses; future permitting activities and their needs; production capacity and future operations; future operating and general expenses; future capital expenditures and their impact on us; future impacts of operational and management changes (including changes in the board of directors); future changes in business strategies, planning and tactics and the impacts of recent or future changes; future employment and contributions of staff, including consultants; future land sales, investments, acquisitions, joint ventures, strategic alliances, business combinations, operational, fiscal, financial and restructuring initiatives; the nature, timing and recognition of restructuring charges and derivative liabilities and their impact; unforeseen; future environmental compliance and changes in the regulatory environment; future offers of equity or debt securities; asset sales and associated costs; future working capital, costs, revenues, business opportunities, debt levels, cash flow, margins, profits and growth. These statements are based on assumptions and assessments made by our management in light of their experience and their perception of historical and current trends, current conditions, possible future developments and other factors they deem appropriate. Forward-looking statements are not guarantees, representations or guarantees and are subject to risks and uncertainties, many of which are unforeseeable and beyond our control and could cause actual results, developments and business decisions to differ materially. those contemplated by these forward-looking statements. . Some of these risks and uncertainties include the risk factors set out in our documents filed with the SEC and the following: counterparty risks; capital market valuation and price risks; the adverse effects of climate change or natural disasters; uncertainties in the global economy and capital markets; the speculative nature of gold or mineral exploration, including the risks of decreasing quantities or grades of qualified resources; operational or technical difficulties related to exploration or mining activities; disputes over title deeds; the potential dilution for our shareholders of our share issues and our recapitalization and balance sheet restructuring activities; potential inability to comply with applicable government regulations or laws; adoption or changes in laws or regulations adversely affecting businesses; allow constraints or delays; decisions regarding business opportunities that may be presented to, or pursued by, us or others; the impact or non-performance by parties under agreements relating to acquisitions, joint ventures, strategic alliances, business combinations, sales of assets, leases, options and investments in which we can be gone; changes in the United States or other monetary or fiscal policies or regulations; interruptions in production capacities due to capital constraints; equipment failures; fluctuating prices for gold or certain other commodities (such as silver, zinc, cyanide, water, diesel fuel and electricity); changes in generally accepted accounting principles; the harmful effects of terrorism and geopolitical events; potential inability to implement business strategies; potential inability to increase income; the potential inability to attract and retain key personnel; interruptions in the delivery of critical supplies, equipment and raw materials due to credits or other limitations imposed by suppliers or others; the assertion of claims, lawsuits and proceedings; potential inability to honor debts and rental obligations; the potential inability to maintain an effective system of internal controls over financial reporting; potential inability or failure to timely file periodic reports with the SEC; the potential inability to list our securities on a stock exchange or stock market; the inability to maintain the listing of our securities; and work stoppages or other work difficulties. The occurrence of such events or circumstances could have a material adverse effect on our business, financial condition, results of operations or cash flows or the market price of our securities. All subsequent written and oral forward-looking statements by or attributable to us or to persons acting on our behalf are expressly qualified in their entirety by these factors. Unless required by securities law or any other law, we do not undertake to update or revise any forward-looking statements publicly, whether as a result of new information, future events or otherwise.

Neither this press release nor the related calls or discussions constitute an offer to sell, the solicitation of an offer to buy or a recommendation with respect to securities of the Company, the fund or any other issuer.


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Province investigates after 64 walleye spill into Muskoka River http://wagdyghoneim.com/province-investigates-after-64-walleye-spill-into-muskoka-river/ Mon, 07 Jun 2021 17:06:00 +0000 http://wagdyghoneim.com/province-investigates-after-64-walleye-spill-into-muskoka-river/

SUDBURY – The Ministry of Natural Resources and Forestry hopes members of the public can help them find the person responsible for the spill of dozens of walleye last month.

In a press release Monday, the ministry said conservation officers responded on May 21 to reports of abandoned walleye dumped in the south branch of the Muskoka River near the Ontario Power Generation plant.

“Officers found 64 decaying walleye carcasses, some of which were wasted whole,” the statement said. “There was also garbage, including 13 AAA batteries, dumped along the shore.”

Anyone with information on this incident is asked to contact Conservation Officer David Murphy at 705-646-5507. Residents can also report a resource violation or provide information about an unresolved case, by calling the ministry’s TIPS line toll-free at 1-877-847-7667 or by contacting your local ministry office.

You can also call Crime Stoppers anonymously at 1-800-222-TIPS.

“Conservation officers continue to patrol and protect our natural resources during the current COVID 19 outbreak and would like to remind everyone that by respecting seasons, sanctuaries, bag and possession limits, we are all helping to ensure that our natural resources remain healthy, ”the statement said.


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Canadian natural resource stocks are thought to be significantly overvalued http://wagdyghoneim.com/canadian-natural-resource-stocks-are-thought-to-be-significantly-overvalued/ Sun, 06 Jun 2021 21:01:01 +0000 http://wagdyghoneim.com/canadian-natural-resource-stocks-are-thought-to-be-significantly-overvalued/

– By GF value

The stock of Canadian Natural Resources (NYSE: CNQ, 30-year-old Financials) gives all indications of being significantly overvalued, according to the GuruFocus value calculation. The GuruFocus Value is GuruFocus’s estimate of the fair value at which the stock is to trade. It is calculated based on the historical multiples at which the stock has traded, past business growth, and analysts’ estimates of future business performance. If a share’s price is significantly above the GF value line, it is overvalued and its future performance may be poor. On the other hand, if it is significantly below the GF value line, its future return is likely to be higher. At its current price of $ 37.6 per share and market cap of $ 44.4 billion, shares of Canadian Natural Resources are estimated to be significantly overvalued. The GF value for Canadian natural resources is shown in the table below.

Canadian natural resource stocks are thought to be significantly overvalued

Given that Canadian Natural Resources is significantly overvalued, the long-term performance of its stocks will likely be much lower than the future growth of its business, which is expected to grow 2.01% per year over the next three to five years.

Link: These companies can offer higher future returns with reduced risk.

It is always important to check the financial strength of a company before buying its shares. Investing in companies with low financial strength presents a higher risk of permanent loss. Examining the cash-to-debt ratio and interest coverage is a great way to understand the financial strength of a business. Canadian Natural Resources has a cash-to-debt ratio of 0.03, which is worse than 89% of companies in the oil and gas industry. The overall financial strength of Canadian Natural Resources is 4 out of 10, indicating that the financial strength of Canadian Natural Resources is low. Here is the debt and cash flow of Canadian Natural Resources over the past few years:

Canadian natural resource stocks are thought to be significantly overvalued

Canadian natural resource stocks are thought to be significantly overvalued

It is less risky to invest in profitable companies, especially those that have demonstrated consistent profitability over the long term. A business with high profit margins is also generally a safer investment than a business with low profit margins. Canadian Natural Resources has been profitable 7 in the past 10 years. In the past twelve months, the company reported sales of $ 15.4 billion and earnings of $ 1.487 per share. Its operating margin is 6.55%, which ranks better than 66% of companies in the oil and gas industry. Overall, GuruFocus ranks the profitability of Canadian Natural Resources at 6 out of 10, indicating fair profitability. Here are the revenues and net income of Canadian Natural Resources for the past few years:

Canadian natural resource stocks are thought to be significantly overvalued

Canadian natural resource stocks are thought to be significantly overvalued

Growth is probably the most important factor in the valuation of a business. GuruFocus research has shown that growth is closely tied to the long-term performance of a company’s stocks. The faster a company grows, the more likely it is to create shareholder value, especially if the growth is profitable. Canadian Natural Resources’ three-year average annual revenue growth rate is -1.6%, which is within the average for companies in the oil and gas industry. The 3-year average EBITDA growth rate is -11.9%, which ranks among the average for companies in the oil and gas industry.

One can also assess a company’s profitability by comparing its return on invested capital (ROIC) to its weighted average cost of capital (WACC). Return on invested capital (ROIC) measures the extent to which a business generates cash flow relative to the capital it has invested in its business. The weighted average cost of capital (WACC) is the rate that a company should pay on average to all its security holders to finance its assets. If the return on invested capital exceeds the weighted average cost of capital, the company is likely to create value for its shareholders. Over the past 12 months, Canadian Natural Resources’ ROIC is 1.75 while its WACC stood at 11.73. The historical comparison of ROIC vs WACC of Canadian natural resources is shown below:

Canadian natural resource stocks are thought to be significantly overvalued

Canadian natural resource stocks are thought to be significantly overvalued

In conclusion, the stock of Canadian natural resources (NYSE: CNQ, 30-year Financials) is estimated to be significantly overvalued. The company’s financial situation is bad and its profitability is fair. Its growth is in the mid-range of companies in the oil and gas industry. To learn more about Canadian Natural Resources stocks, you can view its 30-year financial data here.

To find out about high-quality companies that can deliver above-average returns, please check out GuruFocus High Quality Low Capex Screener.

This article first appeared on GuruFocus.


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MNR provides loans for energy efficient upgrades http://wagdyghoneim.com/mnr-provides-loans-for-energy-efficient-upgrades/ Sun, 06 Jun 2021 02:13:28 +0000 http://wagdyghoneim.com/mnr-provides-loans-for-energy-efficient-upgrades/

The Missouri Department of Natural Resources provides $ 5 million in loan funding for entities to make investments that reduce their energy use. The ministry’s energy loan program is accepting applications until September 30, and more information for applicants can be found on the program’s website.

Public schools, public institutions of higher education, non-profit hospitals and local governments are eligible to apply for loan funding. The money can be used for a variety of energy efficient investments, such as high efficiency lighting fixtures and insulation upgrades.

Investments reduce costs for loan recipients through energy savings. The loan recipients are generally able to repay the loan using only the money saved through the improved costs.

Daniel Dahler, the energy loan and energy insurance program supervisor, said the timing of payback varies. He said loans that fund the replacement of old fluorescent lights with LED lights can take two to four years to pay off, but the cost savings and return on investment are then evident.

Another advantage is that loans are not defined as debt, so they do not harm the debt limit of entities. Dahler said this allows entities to make other needed improvements, such as repaving parking lots or paying teachers higher salaries.

The energy loan program has provided loans to entities in nearly every county in the state, and Dahler said the goal is to continue to reduce energy use and costs in Missouri.

The ministry announced the application period in a press release on Tuesday. “As part of the state’s efforts to support and strengthen local communities, the Department of Natural Resources is pleased to offer a round of energy loan program to help eligible applicants achieve economic energy improvements,” said said Carol Comer, director of the Ministry of Nature. Resources. “The program can improve the resilience of communities, save taxpayer dollars and support jobs in Missouri.

More than $ 118 million has been provided under the energy loan program since its inception in 1989, and there have been no defaults in the history of the program. These loans have resulted in energy savings estimated at over $ 214 million. Dahler said the program has grown since its inception because the interest on the loan is reinvested to grow the fund.

“It shows that we are good stewards of state money and that we are trying to directly affect the voters we serve,” Dahler said.


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Drummond and Trujillo fires – June 5, 2021 update NM Fire Info http://wagdyghoneim.com/drummond-and-trujillo-fires-june-5-2021-update-nm-fire-info/ Sat, 05 Jun 2021 13:10:09 +0000 http://wagdyghoneim.com/drummond-and-trujillo-fires-june-5-2021-update-nm-fire-info/

Date: June 5, 2021

Announcement: A public meeting is scheduled for Tuesday, June 8 at 6 p.m. at the Black Range Lodge, 50 N Main Street, Kingston, NM.

Location: The Drummond Fire is one mile south of Emory Pass and the Trujillo Fire one mile south of the Drummond Fire in the Gila National Forest, Black Range Ranger District, Sierra County, NM

Start date: May 19, 2021 Cut: About 501 acres Cause: Lightning

Summary: Smoldering and creeping fires were seen yesterday as the Drummond fire continues to receive light precipitation, moderating fire activity and growth. Minimal smoke was emitted by the Drummond fire.

Yesterday crews worked to complete preparation around the northwest and southwest portions of the Kingston fuel cut.

An Unmanned Aircraft System (UAS) was deployed at Emory Pass to safely and successfully map the Drummond fire perimeter and adjacent values ​​at risk. Please do not drive in Emory Pass Vista when the drone crew are working there.

Today, weather conditions will continue to be cooler and wetter as storms move through the region. Temperatures will decrease with increasing relative humidity. Fire activity will moderate as storms persist. Expect little to no fire growth with cooler weather. The weather next week is expected to return to more normal, warmer, drier and windier conditions.

Goals: Currently, the primary goals of fire managers include minimizing the impact of fires and snag falls on firefighters, public safety for area residents, and protection of natural resources.

Closures: Black Range Crest Trail 79 – Closed from NM Highway 152 south to National Forest Road (NFRS) 886. Royal John Rd., Grandview Trail 146 – Closed from NFSR 523 Silver Creek Rd. To Black Range Crest Trail 79. Trujillo Trail 134 – Closed from Black Range Crest Trail 79 to Private Seven Brothers – Closed from NFSR 886 Royal John Rd to Black Range Crest Trail 79.

Smoke / air quality: The New Mexico Department of Health website, also known as 5-3-1, https://nmtracking.org/fire has good information and tips on how to reduce your exposure to smoke. People sensitive to smoke and people with respiratory problems are encouraged to take precautionary measures by staying indoors during periods of heavy smoke and avoiding outdoor activities. The smoke will be visible and could settle in the canyons around Kingston, Hillsboro and Lake Valley. It will also be visible on NM Hwy 152 and Interstate 25. A smoke detector has been installed near Kingston and is operational.

Information on the fires is available on nmfireinfo.com or on Inciweb at https://inciweb.nwcg.gov/incident/7494/.

For more information on the Gila National Forest, see our website.


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