Company donation will aid local hunger relief organizations in areas impacted by Hurricane Ida and the California wildfires

BOISE, Idaho, September 03, 2021–(BUSINESS WIRE)–Albertsons Companies (NYSE: ACI) announced today it will donate $500,000 to help provide food to those impacted by Hurricane Ida and the California wildfires. The donation will support local food banks and other hunger relief organizations in providing approximately 2 million meals to affected communities.

"Hurricane Ida and the California wildfires have impacted our associates, customers and communities. We’re thankful we are able to assist local hunger relief organizations as they provide much-needed relief to those affected by these disasters," said Vivek Sankaran, Chief Executive Officer. "I also want to thank our store and distribution associates who are working tirelessly to serve our neighbors in these communities during this challenging time."

The company is donating $250,000 to Hurricane Ida response efforts and $250,000 to aid in Northern California wildfire disaster relief with the goal of providing meals to those impacted by the disasters.

In addition to offering community support, Albertsons Companies is committed to assisting associates who have been personally impacted. Associates can contribute to the company’s "We Care" fund to help coworkers in need and apply for financial assistance grants.

"Many of the impacted communities already had high rates of food insecurity," said Luis Guardia, President of the Food Research and Action Center (FRAC). "Being displaced by fires or weather issues only intensifies these issues. It’s wonderful to have good corporate neighbors like Albertsons Companies who care about the communities they serve."

These contributions are part of Albertsons Companies long-standing commitment to supporting hunger relief. In 2020, along with the Albertsons Companies Foundation, the Company gave $260 million in food and financial support, including $95 million through its Nourishing Neighbors Program, to help provide food and nutrition to those in need.

About Albertsons Companies

Albertsons Companies is a leading food and drug retailer that operates stores across 34 states and the District of Columbia with more than 20 well-known banners including Albertsons, Safeway, Vons, Jewel-Osco, Shaw's, Acme, Tom Thumb, Randalls, United Supermarkets, Pavilions, Star Market, Haggen, Carrs, Kings Food Markets and Balducci's Food Lovers Market. The Company is committed to helping people across the country live better lives by making a meaningful difference, neighborhood by neighborhood.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210903005436/en/

Contacts

Kirby Nardo
Kirby.nardo@albertsons.com

We can readily understand why investors are attracted to unprofitable companies. By way of example, African Energy Resources (ASX:AFR) has seen its share price rise 105% over the last year, delighting many shareholders. But the harsh reality is that very many loss making companies burn through all their cash and go bankrupt.

In light of its strong share price run, we think now is a good time to investigate how risky African Energy Resources' cash burn is. For the purpose of this article, we'll define cash burn as the amount of cash the company is spending each year to fund its growth (also called its negative free cash flow). The first step is to compare its cash burn with its cash reserves, to give us its 'cash runway'.

View our latest analysis for African Energy Resources

When Might African Energy Resources Run Out Of Money?

A cash runway is defined as the length of time it would take a company to run out of money if it kept spending at its current rate of cash burn. As at December 2020, African Energy Resources had cash of US$3.7m and no debt. Importantly, its cash burn was US$560k over the trailing twelve months. Therefore, from December 2020 it had 6.5 years of cash runway. Even though this is but one measure of the company's cash burn, the thought of such a long cash runway warms our bellies in a comforting way. Depicted below, you can see how its cash holdings have changed over time.

How Is African Energy Resources' Cash Burn Changing Over Time?

African Energy Resources didn't record any revenue over the last year, indicating that it's an early stage company still developing its business. Nonetheless, we can still examine its cash burn trajectory as part of our assessment of its cash burn situation. With the cash burn rate up 13% in the last year, it seems that the company is ratcheting up investment in the business over time. However, the company's true cash runway will therefore be shorter than suggested above, if spending continues to increase. Admittedly, we're a bit cautious of African Energy Resources due to its lack of significant operating revenues. So we'd generally prefer stocks from this list of stocks that have analysts forecasting growth.

Can African Energy Resources Raise More Cash Easily?

While African Energy Resources does have a solid cash runway, its cash burn trajectory may have some shareholders thinking ahead to when the company may need to raise more cash. Companies can raise capital through either debt or equity. Commonly, a business will sell new shares in itself to raise cash and drive growth. By comparing a company's annual cash burn to its total market capitalisation, we can estimate roughly how many shares it would have to issue in order to run the company for another year (at the same burn rate).

Since it has a market capitalisation of US$21m, African Energy Resources' US$560k in cash burn equates to about 2.7% of its market value. That means it could easily issue a few shares to fund more growth, and might well be in a position to borrow cheaply.

Is African Energy Resources' Cash Burn A Worry?

As you can probably tell by now, we're not too worried about African Energy Resources' cash burn. In particular, we think its cash runway stands out as evidence that the company is well on top of its spending. Although its increasing cash burn does give us reason for pause, the other metrics we discussed in this article form a positive picture overall. Looking at all the measures in this article, together, we're not worried about its rate of cash burn, which seems to be under control. On another note, we conducted an in-depth investigation of the company, and identified 5 warning signs for African Energy Resources (2 make us uncomfortable!) that you should be aware of before investing here.

If you would prefer to check out another company with better fundamentals, then do not miss this free list of interesting companies, that have HIGH return on equity and low debt or this list of stocks which are all forecast to grow.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

Owing to the growing awareness regarding the risks of climate change, organizations globally are fervently working toward a reduced-carbon future. In sync with this, Caterpillar Inc. CAT recently announced that it will begin offering 100% hydrogen fueled generator sets from late 2021. The company will also commence roll out of power generation solutions that can be configured to operate on natural gas blended with up to 25% hydrogen. This is part of its ongoing efforts to help customers achieve their climate-related goals by providing products, which facilitate fuel transition, increase operational efficiency and reduce emissions. It is worth mentioning that Caterpillar’s Solar Turbines gas turbine generator sets have been running on high hydrogen blends for decades and are capable of operating on 100% hydrogen today.

The mining industry, particularly, is an energy intensive industry and is considered a significant source of Greenhouse Gas (“GHG”) emissions. Hydrogen is now being considered as a promising alternative energy source to fossil fuels given its abundance, versatility and zero-emissions. The Hydrogen Council estimates that hydrogen could fulfill 18% of global energy demand by 2050.

Owing to government regulations and public demand, leading miners have been striving to transition from diesel to hydrogen fuel cell power for their heavy-duty vehicles as these have the same payload capability and performance of diesel vehicles, while ensuring no emissions. This energy transition has immense potential for Caterpillar and other mining equipment makers in the long haul.

Recently, BHP Group BHP announced a partnership with Caterpillar to develop and deploy zero-emissions mining trucks at its sites to help reduce GHG emissions. Miner, Anglo American, is working toward developing the world’s largest hydrogen-powered mine haul truck.

Meanwhile, the intensifying global focus on shifting from fossil fuels to zero emissions will require a large amount of commodities. This is a win-win situation for both miners and mining equipment makers. Capitalizing on this trend, Caterpillar is helping customers achieve their energy transition through its innovations, which include a battery powered, zero-emissions switcher locomotive and underground loader, and reciprocating engines and gas turbines that burn hydrogen blends, landfill gas and other biogases. It is also developing a variety of alternative power solutions to support a lower-carbon future, including battery-powered construction machines. Caterpillar expects that 100% of its new products through 2030 will be more sustainable than the previous generation via collaborations with customers, reduced waste, improved design for rebuild/remanufacturing, lower emissions and improved efficiency.

Caterpillar’s peer, Komatsu Ltd. KMTUY, will start a hydrogen development program to develop hydrogen power as an alternative to diesel for heavy-duty mining dump trucks this year, with an aim of launching its first vehicles in 2030. Komatsu and several of its customers, Rio Tinto plc RIO, BHP, Codelco and Boliden have formed the Komatsu GHG Alliance to work toward delivering zero-emissions equipment solutions. The company has been working to reduce greenhouse gas emissions for customers through innovative product development for decades in several areas including electric diesel dump trucks, electric power shovels, regenerative energy storage capabilities and fuel saver programs.

Caterpillar and Komatsu fall under the Zacks Manufacturing – Construction and Mining industry. The Zacks Manufacturing – Construction and Mining industry has outperformed the Industrial Products Sector and the S&P 500 composite over the past year. Over this period, the industry has gained 41.4% compared with the sector's and the S&P 500 composite’s rally of 31.9% and 27.7%, respectively.

Image Source: Zacks Investment Research

The industry is poised to gain on improving commodity prices that will support spending in the mining industry, and solid construction demand. However, the industry is currently grappling with higher input and logistic costs, and labor shortages. Caterpillar and Komatsu has a Zacks Rank #3 (Hold) currently. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Caterpillar Inc. (CAT) : Free Stock Analysis Report

BHP Group Limited Sponsored ADR (BHP) : Free Stock Analysis Report

Rio Tinto PLC (RIO): Free Stock Analysis Report

Komatsu Ltd. (KMTUY) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

BOISE, Idaho, September 02, 2021–(BUSINESS WIRE)–Albertsons Companies, Inc. (NYSE: ACI) announced today that its CEO, Vivek Sankaran, and President and CFO, Sharon McCollam, will participate in a fireside chat at Goldman Sachs 28^th Annual Global Retailing Conference at 3:20 p.m. ET on September 10, 2021.

The fireside chat will be webcast here or on the Company’s website at https://investor.albertsonscompanies.com/Event-Calendar.

A replay of the webcast will be available for at least two weeks following its completion.

About Albertsons Companies

Albertsons Companies is a leading food and drug retailer in the United States. The Company operates stores across 34 states and the District of Columbia under more than 20 well-known banners including Albertsons, Safeway, Vons, Jewel-Osco, Shaw's, Acme, Tom Thumb, Randalls, United Supermarkets, Pavilions, Star Market, Haggen, Carrs, Kings Food Markets and Balducci’s Food Lovers Market. Albertsons Companies is committed to helping people across the country live better lives by making a meaningful difference, neighborhood by neighborhood. In 2020, along with the Albertsons Companies Foundation, the Company gave $260 million in food and financial support, including approximately $95 million through our Nourishing Neighbors Program to ensure those living in our communities have enough to eat. Albertsons Companies also pledged $5 million to organizations supporting social justice. These efforts have helped millions of people in the areas of hunger relief, education, cancer research and treatment, social justice and programs for people with disabilities and veterans' outreach.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210902005077/en/

Contacts

Melissa Plaisance
Albertsons Companies, Inc.
925-226-5115
melissa.plaisance@albertsons.com

Even when a business is losing money, it's possible for shareholders to make money if they buy a good business at the right price. For example, although software-as-a-service business Salesforce.com lost money for years while it grew recurring revenue, if you held shares since 2005, you'd have done very well indeed. But while the successes are well known, investors should not ignore the very many unprofitable companies that simply burn through all their cash and collapse.

So should Berkeley Energia (ASX:BKY) shareholders be worried about its cash burn? In this article, we define cash burn as its annual (negative) free cash flow, which is the amount of money a company spends each year to fund its growth. The first step is to compare its cash burn with its cash reserves, to give us its 'cash runway'.

See our latest analysis for Berkeley Energia

When Might Berkeley Energia Run Out Of Money?

A cash runway is defined as the length of time it would take a company to run out of money if it kept spending at its current rate of cash burn. In June 2021, Berkeley Energia had AU$79m in cash, and was debt-free. Looking at the last year, the company burnt through AU$5.7m. So it had a very long cash runway of many years from June 2021. While this is only one measure of its cash burn situation, it certainly gives us the impression that holders have nothing to worry about. You can see how its cash balance has changed over time in the image below.

How Is Berkeley Energia's Cash Burn Changing Over Time?

While Berkeley Energia did record statutory revenue of AU$23k over the last year, it didn't have any revenue from operations. That means we consider it a pre-revenue business, and we will focus our growth analysis on cash burn, for now. While it hardly paints a picture of imminent growth, the fact that it has reduced its cash burn by 23% over the last year suggests some degree of prudence. Admittedly, we're a bit cautious of Berkeley Energia due to its lack of significant operating revenues. We prefer most of the stocks on this list of stocks that analysts expect to grow.

Can Berkeley Energia Raise More Cash Easily?

Even though it has reduced its cash burn recently, shareholders should still consider how easy it would be for Berkeley Energia to raise more cash in the future. Companies can raise capital through either debt or equity. Commonly, a business will sell new shares in itself to raise cash and drive growth. By comparing a company's annual cash burn to its total market capitalisation, we can estimate roughly how many shares it would have to issue in order to run the company for another year (at the same burn rate).

Berkeley Energia's cash burn of AU$5.7m is about 7.4% of its AU$76m market capitalisation. That's a low proportion, so we figure the company would be able to raise more cash to fund growth, with a little dilution, or even to simply borrow some money.

So, Should We Worry About Berkeley Energia's Cash Burn?

It may already be apparent to you that we're relatively comfortable with the way Berkeley Energia is burning through its cash. For example, we think its cash runway suggests that the company is on a good path. And even though its cash burn reduction wasn't quite as impressive, it was still a positive. After taking into account the various metrics mentioned in this report, we're pretty comfortable with how the company is spending its cash, as it seems on track to meet its needs over the medium term. Taking a deeper dive, we've spotted 5 warning signs for Berkeley Energia you should be aware of, and 3 of them don't sit too well with us.

If you would prefer to check out another company with better fundamentals, then do not miss this free list of interesting companies, that have HIGH return on equity and low debt or this list of stocks which are all forecast to grow.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

* Andrew Forrest's Wyloo raises bid for Noront

* Wyloo bids C$0.70 a share vs BHP's C$0.55

* BHP to waive standstill clause for Wyloo to conduct due diligence (Adds details from BHP, Noront statements)

Aug 31 (Reuters) – BHP Group said on Tuesday it would consider matching a raised bid by billionaire Andrew Forrest's Wyloo Metals for nickel miner Noront Resources Ltd as the two tussle for the supply of a key battery metal used in electric vehicles (EV).

The statement follows Wyloo indicating it was willing to pay 27% more than what BHP had offered for the Canadian company, proposing that it could keep Noront public or buy out the remaining shares it does not already own.

At stake in the scramble for Noront is the Eagle's Nest nickel asset in Canada's so-called Ring of Fire, a high-grade deposit of the metal, as well as copper and palladium.

Wyloo's proposed sweetened bid of C$0.70 per share, up from C$0.315, compares with an offer of C$0.55 per share from BHP in July.

The Forrest-owned company is Noront's largest shareholder with a stake of around 24%, according to Refinitiv data, and has said it would not support the Anglo-Australian firm's bid.

BHP said in a statement on Tuesday it would "consider its alternatives if a competing offer does materialize, including its right to match any superior proposal."

Noront said it continues to back BHP's offer as Wyloo has yet to make a binding offer.

A bone of contention in Wyloo gaining access to due diligence on Noront has been a standstill clause that BHP said it would waive.

($1 = 1.2606 Canadian dollars) (Reporting by Nikhil Kurian Nainan, additional reporting by Riya Sharma and Savyata Mishra in Bengaluru; Editing by Shounak Dasgupta and Aditya Soni)

Tuesday, August 31, 2021

The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 16 major stocks, including Adobe Inc. (ADBE), Thermo Fisher Scientific Inc. (TMO), and BHP Group (BHP). These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.

You can see all of today’s research reports here >>>

Shares of Adobe have modestly outperformed the Zacks Software industry in the year to date period (+33.1% vs. +32.5%) as the company continues to benefit from strong demand for its cloud products. The company’s Creative Cloud, Document Cloud and Adobe Experience Cloud products have been supporting its top-line growth.

Rising subscription revenues and solid momentum across the mobile apps remain major positives. Growth in emerging markets, robust online video creation demand, strong Acrobat adoption and improving average revenue per user remain tailwinds. Lower end-market demand and high acquisition expenses remain major overhangs though.

(You can read the full research report on Adobe here >>>)

Thermo Fisher shares have gained +20.8% over the last six months against the Zacks Medical Instruments industry’s gain of +10.1%. The Zacks analyst believes that it has been expanding its inorganic growth profile on the back of several takeovers.

The company witnessed strong end market growth in the second quarter on the back of robust fundamentals in the life sciences, strong economic activity globally and strong pandemic response. Its second-quarter 2021 COVID-19 response revenues, however, declined to $1.9 billion from the prior quarter’s $2.9 billion. Foreign currency fluctuations and competitive landscape are other major threats to the company.

(You can read the full research report on Thermo Fisher here >>>)

Shares of BHP Group have lost -13.2% in the past three months against the Zacks Mining – Miscellaneous industry’s loss of -9.9%, however, BHP Group’s fiscal 2021 revenues and underlying attributable profit improved year over year.

The Zacks analyst believes that strong cash generation, investment in growth projects and higher operational efficacy, as well as solid long-term outlook for metal prices bode well for BHP Group. Exit of petroleum business, investment in growth projects and decision to unify its dual-listed structure will aid growth as well. The spread of the Delta variant is likely to play a spoil sport for the company. Higher input costs and the recent drop in iron ore prices also remain concerns.

(You can read the full research report on BHP Group here >>>)

Other noteworthy reports we are featuring today include Philip Morris International Inc. (PM), Atlassian Corporation Plc (TEAM) and Chubb Limited (CB).

Sheraz Mian

Director of Research

Note: Sheraz Mian heads the Zacks Equity Research department and is a well-regarded expert of aggregate earnings. He is frequently quoted in the print and electronic media and publishes the weekly Earnings Trends and Earnings Preview reports. If you want an email notification each time Sheraz publishes a new article, please click here>>>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
BHP Group Limited Sponsored ADR (BHP) : Free Stock Analysis Report
 
Philip Morris International Inc. (PM) : Free Stock Analysis Report
 
Chubb Limited (CB) : Free Stock Analysis Report
 
Thermo Fisher Scientific Inc. (TMO) : Free Stock Analysis Report
 
Adobe Inc. (ADBE) : Free Stock Analysis Report
 
Atlassian Corporation PLC (TEAM) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research

(Bloomberg) — Andrew Forrest, the billionaire founder of iron ore giant Fortescue Metals Group Ltd., upped his bid to acquire a nickel miner active in Canada’s highly-prospective Ring of Fire region to trump an offer from BHP Group.

Forrest’s Wyloo Metals Pty Ltd. offered to buy Noront Resources Ltd. for C$0.70 per share in cash, beating the C$0.55 per share offer made by BHP in July that Noront’s board agreed to support. Wyloo’s proposal had a higher certainty of success because it already owns about 37.5% of Noront’s shares and does not intend to support BHP’s offer, Wyloo said in a statement.

Global miners are keen to boost their exposure to nickel — a key ingredient in the lithium-ion batteries used in electric vehicles and to store renewable power — and the Ring of Fire region in northern Ontario is seen among Canada’s largest untapped reserves of the metal.

“If shareholders share my view, that it’s impossible to place a value today on a new mining district with the immense potential of these assets, I invite them to hold on to their shares and come along for the ride,” Forrest said in the statement. Under Wyloo’s proposal, Forrest would become chairman of Noront.

BHP said it would wait for a response from the Noront board before determining its next steps.

“It’s important to note that Wyloo has only made a proposal, which is subject to conditions, and has not entered into any binding agreement with Noront in respect of a transaction or a formal offer,” a spokesman for BHP said by email. “The BHP offer is the only offer that has been made to shareholders.”

‘Not an Offer’

Noront continues to support BHP’s offer and called Wyloo’s approach “a non-binding proposal” that is “not an offer,” according to a Tuesday statement by the company.

“Wyloo has not entered into any binding agreement with Noront in respect of a proposed transaction, nor has it made a formal offer to the company’s shareholders,” Noront said in the statement. “There can be no assurance that a transaction will crystallize from the Wyloo proposal.”

Noront’s shares jumped 25% on Monday following news of Wyloo’s offer to end at C$0.76, a premium to Wyloo’s offer which suggests the market sees potential for the bidding war to escalate further.

(Adds Noront comment in seventh, eighth paragraphs.)

More stories like this are available on bloomberg.com

Subscribe now to stay ahead with the most trusted business news source.

©2021 Bloomberg L.P.

BOISE, Idaho, August 31, 2021–(BUSINESS WIRE)–Flu season is approaching and the Centers for Disease Control and Prevention (CDC) is encouraging flu and COVID-19 vaccinations as one of the best ways to stay healthy and minimize the strain on our national health systems. Albertsons Companies pharmacies (NYSE: ACI) are stocked and ready with both vaccines, including COVID-19 booster shots for select patients who are immunocompromised.

"Our pharmacy teams are dedicated to protecting the health of the communities we serve, and we are committed to ensuring everyone has access to COVID-19 and flu vaccines. We have administered more than 6.5 million COVID-19 vaccinations to date, and with flu season approaching, we are now offering flu shots as well," said Omer Gajial, Albertsons Companies SVP of Pharmacy and Health. "Customers can now safely receive both vaccines via a single appointment or can also schedule them independently."

No appointment is necessary to get vaccinated at an Albertsons Cos. pharmacy. COVID-19 vaccines as well as flu and other vaccines can be administered on a "walk-in" basis.

Flu vaccinations are available to children as young as 6 months of age, where allowed by state law. Currently, the Pfizer COVID-19 vaccine can be administered to patients as young as 12 years old, while the Moderna and Johnson & Johnson COVID-19 vaccines are available for patients 18 and older. An adult must sign a consent and release form for minor patients receiving vaccinations. Customers who receive vaccinations at any Albertsons Cos. pharmacy receive access to a free digital vaccine record they can download and save to a digital device for their own use.

"According to CDC guidelines, it is still recommended that pregnant and breastfeeding women receive a COVID-19 vaccine, and an additional dose of mRNA vaccine is recommended for qualifying individuals who are immunocompromised," said Erin Shaal, Albertsons Companies VP of Pharmacy Procurement, Specialty and Patient Care Services. "Your Albertsons Cos. pharmacists can help you determine which vaccines are best for you and staying up-to-date with recommended vaccines is the best tool we have to protect the individuals and communities we serve."

The flu is a contagious disease that typically spreads in the U.S. between October and May through coughing, sneezing, and close contact. Flu strains vary and can affect people each year. The CDC currently recommends everyone 6 months and older, with rare exceptions, get their annual flu vaccination to prevent getting the most common flu viruses, which can cause possible severe symptoms, flu-related complications, hospitalization, and even death.

According to a recent study by the University of Miami Miller School of Medicine, the influenza vaccine may provide additional protection against severe COVID-19 complications. Patients with COVID-19 who had received the flu shot were less likely to visit the ER, be admitted to the ICU, or have a stroke, sepsis, or deep vein thrombosis.

No appointment is necessary to get vaccinated at an Albertsons Cos. pharmacy. COVID-19 vaccines as well as flu and other vaccines can be administered on a "walk-in" basis at Albertsons Cos.’ 1,725 pharmacy locations, including those in Albertsons, Safeway, Vons, Jewel-Osco, Shaw's, Acme, Tom Thumb, Randalls, United Supermarkets, Pavilions, Star Market, Haggen, and Carrs stores.

For customers who prefer to schedule vaccinations ahead of time, appointments are still available through the company’s online scheduler at https://www.albertsons.com/pharmacy/pharmacy-services/immunizations/flu. Appointments can be scheduled over a two-week window.

For employers and other organizations wishing to help employees and patrons stay healthy this flu season, Albertsons Cos. pharmacists can conduct on-site vaccine clinics to ensure all employees have access to these immunizations. Contact your local Albertsons Cos. pharmacy for more information about setting up a vaccine clinic.

The flu shot is free with most insurance, so there is no co-payment unless required by the plan. Everyone who receives an immunization will also receive a coupon for 10% off their next grocery Albertsons Cos. purchase, up to $200 where permitted by law. Restrictions may apply.

Find more information at each of our banner sites below.

• www.albertsons.com/flu

• www.safeway.com/flu

• www.vons.com/flu

• www.randalls.com/flu

• www.tomthumb.com/flu

• www.jewelosco.com/flu

• www.acmemarkets.com/flu

• www.shaws.com/flu

• www.starmarket.com/flu

• www.carrsqc.com/flu

• www.pavilions.com/flu

About Albertsons Companies

Albertsons Companies is a leading food and drug retailer that operates stores across 34 states and the District of Columbia with more than 20 well-known banners including Albertsons, Safeway, Vons, Jewel-Osco, Shaw's, Acme, Tom Thumb, Randalls, United Supermarkets, Pavilions, Star Market, Haggen, Carrs, Kings Food Markets and Balducci's Food Lovers Market. The Company is committed to helping people across the country live better lives by making a meaningful difference, neighborhood by neighborhood. In 2020, along with the Albertsons Companies Foundation, the Company gave $260 million in food and financial support, including $95 million through our Nourishing Neighbors Program to ensure those living in our communities have enough to eat. Albertsons Companies also pledged $5 million to organizations supporting social justice. These efforts have helped millions of people in the areas of hunger relief, education, cancer research and treatment, social justice and programs for people with disabilities and veterans' outreach.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210831005653/en/

Contacts

Kirby Nardo
Kirby.nardo@albertsons.com

TORONTO, Aug. 31, 2021 (GLOBE NEWSWIRE) — Sparton Resources Inc. (TSXV: SRI) ("Sparton" or the "Company") reported today that construction of a world class 100MW/500MWh Storage system by VRB Energy Inc. has officially started. The project, launched in Xiangyang, Hubei Province, China, is being implemented by Hubei Province and the State Power Investment Group as part of China’s national "Carbon Neutral and Carbon Peak Strategy". The total investment in the project is RMB 9.32 billion (CAD $1.814 billion). RMB 5 billion (CAD $973.3 Million) will be invested in the construction of the 1GW wind power and photovoltaic power generation projects, and 4.32 billion (CAD $841 Million) will be invested in the construction of the initial 100MWh all-vanadium redox flow battery energy storage power station along with500MW of distributed rooftop photovoltaic installations. The Company currently owns, through its subsidiary VanSpar Mining Inc., a 9.8% equity interest in VRB Energy, a leading manufacturer of vanadium flow batteries for large scale energy storage related to clean renewable electricity generation. (See Sparton News Release dated July 2, 2021).

The official opening ceremony was held on August 29, 2021, in the Xiangyang New High-Tech Park, Hubei, China, for the 100MW/500MWh Vanadium Redox Flow Battery Energy Storage Power Station. This was commissioned by the Hubei Green-Move Zhongvan New Energy Co., Ltd. (“Green Move ZF”) In attendance were Senior Party and Government leaders from the Xiyang Municipality, representatives from the State Power Investment Group, Hubei Branch, shareholders of Green-Move ZF, and the executives from the key project partners VRB Energy and the China Number 11 Railway Construction Group.

Green Move ZF, is jointly owned by the Hubei State Power Investment Corporation known as “Hubei Green-move New Energy Co. Ltd.) (70% share interest), Hubei Pingfan Ruifeng New Energy Co., Ltd. (20% share interest) and Wuhan Fudi Real Estate Development Co., Ltd. (10% share interest).

The Power Station for the Project is located in the Automobile Industrial Park, of the Xiangyang High-tech Development Zone, and will occupy an area of about 8 hectares. The station is expected to be officially commissioned for operation before the end of 2022.

Dr. Huang Mianyan, CEO of VRB Energy Inc. stated that, “The opening ceremony marks the official construction stage of the 100MWh all-vanadium flow battery energy storage project, which will accelerate the promotion of energy storage using vanadium flow battery energy systems in Hubei. The application of our new technology has laid a solid foundation for new business. VRB Energy has participated since 2019, in the construction of the first phase of the 3MW + 3MW/12MWh vanadium redox flow battery energy storage phase of the 10MW solar and storage project in Hubei Zaoyang, and the project is working well. The operation has fully confirmed the huge application value and market prospects of VRB Energy’s storage technology and will promote the grid connection and on-site consumption of renewable energy. VRB Energy will fully cooperate and support the owner of the project with the highest standards of workmanship and implementation and operation of its energy storage systems and equipment and will deliver this project as another successful example of vanadium flow battery energy storage applications in China.”

About VRB Energy

VRB Energy is a fast-growing, privately held clean technology innovator. The company has developed the most reliable, longest-lasting vanadium flow battery in the world, with more than 40 megawatt-hours installed and in construction worldwide, and more than 800,000 hours of demonstrated performance. The combination of VRB Energy’s proprietary low-cost ion-exchange membrane, long-life electrolyte formulation and innovative flow cell design sets it apart from other providers.

VRB Energy’s vanadium redox battery (VRB^®) systems store energy in liquid electrolyte in a patented process based on the reduction and oxidation of ionic forms of the element vanadium. This is a nearly infinitely repeatable process that is safe, reliable, and non-toxic. Components can be nearly 100% recycled at end-of-life, dramatically improving lifecycle economics and environmental benefits compared to lithium-ion and other battery types.

VRB Energy is majority-owned by Ivanhoe Electric (formerly High Powered Exploration), a North American, minerals exploration and development company that also invests in minerals-dependent, high-growth emerging technologies. Ivanhoe Electric is a subsidiary of I-Pulse, a global leader in developing innovative commercial applications for pulsed power technologies that convert small amounts of electrical energy into limitless power to address a broad and growing suite of applications across multiple industrial markets.

Sparton’s Interest in VRB Energy

Sparton’s 89.8% owned subsidiary, VanSpar Mining Inc., registered in the British Virgin Islands, owns 9.8% of VRB Energy which is registered in the Cayman Islands, which in turn owns 100% of VRB Energy Systems, registered in China, and is the vanadium flow battery manufacturer. Full information regarding the history of the VRB Energy investment interest held by Sparton is in its various news releases and available at www.sedar.com in its corporate filings.

NOTE:
One (1) RMB ( China) = CAD $0.20 Canadian Dollars

For more information contact:
A. Lee Barker, M.A Sc., P. Eng.,
President and CEO
Tel./Fax: 647-344-7734 or Mobile: 416-716-5762
Email: info@spartonres.ca Website:www.spartonres.ca

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements
Information set forth in this news release involves forward-looking statements under applicable securities laws. The forward-looking statements contained herein include, but are not limited to, financings and transactions being pursued, and all such forward-looking statements are expressly qualified in their entirety by this cautionary statement. The forward-looking statements included in this news release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation. Although the Company believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct and, accordingly, undue reliance should not be put on such forward-looking statements. This news release does not constitute an offer to sell or solicitation of an offer to buy any of the securities described herein.

We Seek Safe Harbour

In this article, we discuss the 10 new Reddit WallStreetBets stocks on the rise. If you want to skip our detailed analysis of these stocks, go directly to the 5 New Reddit WallStreetBets Stocks On the Rise.

WallStreetBets, the Reddit forum with more than 10.8 million members, has become one of the hottest places in the world of finance over the past few months. This is evident from the meteoric rise in memberships – the group had only around 1.6 million members in December 2020. On January 28, the group gained a record 1.5 million members in a single night at the height of the short squeeze saga involving video game retailer GameStop. The forum is used by retail investors for market-related discussions.

Some of the most popular stocks on WallStreetBets presently include Tesla, Inc. (NASDAQ: TSLA), Apple Inc. (NASDAQ: AAPL), NIO Inc. (NYSE: NIO), Amazon.com, Inc. (NASDAQ: AMZN), and Alphabet Inc. (NASDAQ: GOOG), among others. Since retail investors do not often see eye to eye with big finance on key investment choices, the group has become a hotbed of activity around meme stocks – firms with little to offer in terms of basic fundamentals but popular because of internet interest.

On August 30, the founder of the WallStreetBets group, Jaime Rogozinski, gave an interview to news platform Kitco News and revealed that he was confident that a new type of exchange-traded product that would let investors with a stake have a say in the asset selection process would soon be launched. Rogozinski even went as far as to call the product “the next meme stock” and said the product would follow a decentralized autonomous organization model. Rogozinski founded WallStreetBets in 2012.

The influx of retail investors on the market has fundamentally altered the dynamics of Wall Street. The entire hedge fund industry is feeling the reverberations of the changing financial landscape. Its reputation has been tarnished in the last decade, during which its hedged returns couldn’t keep up with the unhedged returns of the market indices. On the other hand, Insider Monkey’s research was able to identify in advance a select group of hedge fund holdings that outperformed the S&P 500 ETFs by more than 124 percentage points since March 2017. Between March 2017 and July 2021 our monthly newsletter’s stock picks returned 186.1%, vs. 100.1% for the SPY. Our stock picks outperformed the market by more than 115 percentage points (see the details here). That’s why we believe hedge fund sentiment is an extremely useful indicator that investors should pay attention to. You can subscribe to our free newsletter on our homepage to receive our stories in your inbox.

Photo by Austin Distel on Unsplash

Our Methodology

With this context in mind, here is our list of the 10 new Reddit WallStreetBets stocks on the rise. They were picked keeping in mind the hype around the companies on Reddit forum WallStreetBets.

In order to separate the best from the rest, only the stocks that have registered gains of 10% or more during the last five days were selected for the final listing. The stocks are ranked according to their percentage gains.

The analyst ratings of each firm are also discussed to provide readers with some more context for their investment decisions. The hedge fund sentiment around the stocks was gauged using data of 873 hedge funds tracked by Insider Monkey.

New Reddit WallStreetBets Stocks On the Rise

10. Lithium Americas Corp. (NYSE: LAC)

Number of Hedge Fund Holders: 9

Percentage Gain in Past Five Days: 10.41%

Lithium Americas Corp. (NYSE: LAC) is placed tenth on our list of 10 new Reddit WallStreetBets stocks on the rise. The firm operates as a resource company and is headquartered in Canada.

On August 30, investment advisory Cowen maintained an Outperform rating on Lithium Americas Corp. (NYSE: LAC) stock and raised the price target to $19 from $17, noting that constructive policy and near-term supply limits were driving lithium pricing higher.

Out of the hedge funds being tracked by Insider Monkey, New York-based investment firm Axel Capital Management is a leading shareholder in Lithium Americas Corp. (NYSE: LAC) with 408,130 shares worth more than $6 million.

Just like Tesla, Inc. (NASDAQ: TSLA), Apple Inc. (NASDAQ: AAPL), NIO Inc. (NYSE: NIO), Amazon.com, Inc. (NASDAQ: AMZN), and Alphabet Inc. (NASDAQ: GOOG), Lithium Americas Corp. (NYSE: LAC) is one of the new Reddit WallStreetBets stocks on the rise.

In its Q1 2021 investor letter, Massif Capital, an asset management firm, highlighted a few stocks and Lithium Americas Corp. (NYSE: LAC) was one of them. Here is what the fund said:

9. Penn National Gaming, Inc. (NASDAQ: PENN)

Number of Hedge Fund Holders: 40

Percentage Gain in Past Five Days: 11.43%

Penn National Gaming, Inc. (NASDAQ: PENN) is ranked ninth on our list of 10 new Reddit WallStreetBets stocks on the rise. The firm owns and manages gaming and racing properties. It is headquartered in Pennsylvania.

On August 5, investment advisory Stifel reiterated a Buy rating on Penn National Gaming, Inc. (NASDAQ: PENN) stock with a price target of $108. Steven Wieczynski, an analyst at the firm, issued the ratings update.

At the end of the second quarter of 2021, 40 hedge funds in the database of Insider Monkey held stakes worth 1 billion in Penn National Gaming, Inc. (NASDAQ: PENN), down from 42 in the previous quarter worth $907 million.

Along with Tesla, Inc. (NASDAQ: TSLA), Apple Inc. (NASDAQ: AAPL), NIO Inc. (NYSE: NIO), Amazon.com, Inc. (NASDAQ: AMZN), and Alphabet Inc. (NASDAQ: GOOG), Penn National Gaming, Inc. (NASDAQ: PENN) is one of the new Reddit WallStreetBets stocks on the rise.

In its Q1 2021 investor letter, Baron Funds, an asset management firm, highlighted a few stocks and Penn National Gaming, Inc. (NASDAQ: PENN) was one of them. Here is what the fund said:

8. The Beauty Health Company (NASDAQ: SKIN)

Number of Hedge Fund Holders: 33

Percentage Gain in Past Five Days: 12.85%

The Beauty Health Company (NASDAQ: SKIN) is a California-based firm that markets aesthetic technologies and products. It is placed eighth on our list of 10 new Reddit WallStreetBets stocks on the rise.

On August 11, investment advisory Benchmark maintained a Buy rating on The Beauty Health Company (NASDAQ: SKIN) stock and raised the price target to $25 from $18, identifying contracts with retailers and international market expansion as growth catalysts for the firm.

At the end of the second quarter of 2021, 33 hedge funds in the database of Insider Monkey held stakes worth $665 million in The Beauty Health Company (NASDAQ: SKIN).

In addition to Tesla, Inc. (NASDAQ: TSLA), Apple Inc. (NASDAQ: AAPL), NIO Inc. (NYSE: NIO), Amazon.com, Inc. (NASDAQ: AMZN), and Alphabet Inc. (NASDAQ: GOOG), The Beauty Health Company (NASDAQ: SKIN) is one of the new Reddit WallStreetBets stocks on the rise.

7. Peabody Energy Corporation (NYSE: BTU)

Number of Hedge Fund Holders: 18

Percentage Gain in Past Five Days: 16.32%

Peabody Energy Corporation (NYSE: BTU) is a Missouri-based coal mining firm. It is ranked seventh on our list of 10 new Reddit WallStreetBets stocks on the rise.

On August 2, investment advisory B Riley maintained a Neutral rating on Peabody Energy Corporation (NYSE: BTU) stock and raised the price target to $11 from $7, appreciating the second quarter earnings report of the company.

At the end of the second quarter of 2021, 18 hedge funds in the database of Insider Monkey held stakes worth $297 million in Peabody Energy Corporation (NYSE: BTU), down from 21 in the preceding quarter worth $122 million.

Tesla, Inc. (NASDAQ: TSLA), Apple Inc. (NASDAQ: AAPL), NIO Inc. (NYSE: NIO), Amazon.com, Inc. (NASDAQ: AMZN), and Alphabet Inc. (NASDAQ: GOOG) are some of the new Reddit WallStreetBets stocks on the rise, along with Peabody Energy Corporation (NYSE: BTU).

6. Hut 8 Mining Corp. (NASDAQ: HUT)

Number of Hedge Fund Holders: 4

Percentage Gain in Past Five Days: 22.08%

Hut 8 Mining Corp. (NASDAQ: HUT) is placed sixth on our list of 10 new Reddit WallStreetBets stocks on the rise. The firm operates from Canada and engages in cryptocurrency mining operations.

On August 3, investment advisory Craig-Hallum initiated coverage of Hut 8 Mining Corp. (NASDAQ: HUT) stock with a Buy rating and a price target of $10, underlining that the firm had the right combination of hash, power, agility and diversity.

At the end of the second quarter of 2021, 4 hedge funds in the database of Insider Monkey held stakes worth $2 million in Hut 8 Mining Corp. (NASDAQ: HUT).

Tesla, Inc. (NASDAQ: TSLA), Apple Inc. (NASDAQ: AAPL), NIO Inc. (NYSE: NIO), Amazon.com, Inc. (NASDAQ: AMZN), and Alphabet Inc. (NASDAQ: GOOG) are some of the new Reddit WallStreetBets stocks on the rise, just like Hut 8 Mining Corp. (NASDAQ: HUT).

Click to continue reading and see 5 New Reddit WallStreetBets Stocks On the Rise.

Suggested Articles:

• 10 Biggest Short Squeezes of All Time

• 10 Best Tech ETFs to Buy According to Reddit

• 10 Best SPACs to Invest In According to Reddit

Disclosure. None. 10 New Reddit WallStreetBets Stocks On the Rise is originally published on Insider Monkey.

MELBOURNE (Reuters) – Global miner BHP Group is mulling whether to make vaccinations for COVID-19 mandatory at its workplaces in Australia as the country's east battles ballooning virus cases.

The world's biggest miner on Monday set out measures it was taking to support vaccination in communities where it operates including on-site jabs at its Mt Arthur Coal Mine in New South Wales state that are to begin this week.

The state has become the epicentre of Australia's current coronavirus outbreak, having declared a record 1,290 new cases on Monday as the nation struggles to contain the highly contagious Delta variant.

Although Australia has used a system of strict lockdowns and quarantine to keep coronavirus infection and death rates lower than in most comparable nations, the Delta variant is now pressuring health services. Residents of its two biggest cities have been on strict lockdown for more than a month.

BHP said in a statement that it was actively assessing vaccination as a condition of entry to its workplaces.

"As vaccinations become more accessible to all Australians, we have been encouraging our people to better protect themselves and their families and communities, and we will look for further opportunities to increase access and uptake of vaccinations," Edgar Basto, who runs BHP's Minerals Australia business, said.

BHP expects to complete its assessment in September, with a policy likely to come into effect in early 2022, once people have had a reasonable opportunity to be fully vaccinated.

The miner is funding a new vaccine hub in central Queensland near its coal joint venture with Mitsubishi Corp, and is working with South Australian health authorities to establish a mobile clinic near its Olympic Dam copper mine.

It is also working with health officials in Western Australia to support vaccine rollouts in the Pilbara region, the heart of its iron ore operations, it said.

(Reporting by Melanie Burton in Melbourne; Editing by Matthew Lewis)

(Bloomberg) — Fortescue Metals Group Ltd. is planning to unveil targets for reducing the carbon footprint of its biggest customers, marking a shift in approach for the world’s no. 4 exporter of iron ore.

The firm will follow rivals including Rio Tinto Group and BHP Group in setting specific goals to cut so-called scope 3 emissions, which in Fortescue’s case are generated by steel-makers using the company’s iron ore. Founder and chairman Andrew Forrest was previously not in favor of setting such benchmarks.

“Fortescue resisted setting Scope 3 targets until it had a concrete plan that could really help its customers decarbonize,” Forrest said on the media call following the company’s annual results. More details, including the targets, will be unveiled by September 30.

Global resources companies are under increasing pressure to be more accountable for emissions beyond their own operations, with powerful investors including Norway’s $1.3 trillion sovereign wealth fund threatening to drop firms that don’t meet their environmental standards.

Efforts to reduce scope 3 emissions should focus on developing technology to make climate-friendly steel cheaper, Forrest said. He has previously predicted that the coal-fired blast furnace still dominating the steel industry will be obsolete by 2050, and is investing in projects to supply hydrogen that could help to decarbonize the sector.

Gas Powered

The company will set aside 10% of annual profit to invest in hydrogen, ammonia and other green industrial projects backed by renewable power, marshaled by its Fortescue Future Industries division. Forrest’s plan is to supply over 15 million tons of hydrogen, produced from renewable power, by 2030.

Rio Tinto said in February it would collaborate with customers to reduce the carbon intensity of steel-making by at least 30% by 2030, and aim for carbon-neutral steel-making by 2050. BHP Group also has targets for reducing scope 3 emissions.

Fortescue has been working with buyers “for some time” on reducing their emissions, Chief Executive Officer Elizabeth Gaines said on the same call. The Perth-based company is targeting net-zero greenhouse gases from its own operations by 2030, well ahead of a 2050 goal set by Rio and BHP.

Fortescue’s scope 3 emissions — the bulk of which come from the steel manufacturing process — were 252 million tons of CO2-equivalent in its 2021 fiscal year, according to its latest climate change report. That compares to gross operational emissions — scopes 1 and 2 — of 2.2 million tons.

More stories like this are available on bloomberg.com

Subscribe now to stay ahead with the most trusted business news source.

©2021 Bloomberg L.P.

PERTH, Australia, Aug. 26, 2021 /CNW Telbec/ – Galaxy Resources Limited (ASX: GXY) (Company) advises that the following announcement has been made to the Australian Securities Exchange which appears on the Company's platform (ASX):

• Merger of Galaxy and Orocobre Implemented

The announcement can be viewed at:

https://www2.asx.com.au/markets/trade-our-cash-market/announcements.gxy

SOURCE Galaxy Resources Limited

View original content: http://www.newswire.ca/en/releases/archive/August2021/26/c8739.html

TORONTO, Aug. 26, 2021 (GLOBE NEWSWIRE) — Sparton Resources Inc. (TSXV: SRI) ("Sparton" or the "Company") reported today that it has raised approximately $600,000 in new capital through the exercise of outstanding warrants and incentive stock options. Ninety-five percent (95%) of the outstanding warrants from the 2020 Company financing (see Sparton news release dated August 3^rd, 2020) were exercised, as well as seventy-four (74%) percent of the outstanding incentive stock options. Funds will be used to support Company exploration programs, retire a portion of corporate debt and for general corporate purposes.

Exploration Update

Exploration programs have continued during this field season despite local Covid restrictions, manpower shortages and forest fire work bans in certain areas. At Bruell in Quebec, Eldorado Gold has completed mapping and soil geochemical surveys over the entire property and is in the process of compiling all of the results. Depending on equipment availability, drilling is planned for this coming fall.

At the Oakes and Matachewan Area precious metal and copper properties a surface trenching program has been laid out in the field and is expected to begin shortly, when local contractor equipment is available. In addition, initial planning is underway for a possible three-dimensional IP (Induced Polarization) survey covering part of the Oakes area using the 3D Distributed Array System. This IP method reduces the necessity for line cutting on the property and will be used to interpret targets in conjunction with the detailed magnetic survey completed last season.

VRB Energy

VRB Energy continues working on final certification of its advanced Gen3 flow battery system and negotiations for new contracts. The initial 100Mh phase of the Hubei “Giga factory” project has begun with cell stack manufacturing underway at VRB Energy’s Beijing area factory. We anticipate a series of major announcements relating to program developments over the coming months.

Dr. Mynyr Hoxa Joins Advisory Board

Sparton is delighted to welcome Dr. Mynyr Hoxa to its Technical Advisory Board. Dr. Hoxha is a Professional Geoscientist with more than 30 years of mining and exploration industry experience. In 2004, he joined FNX Mining as Senior Geologist and in 2008 was promoted to Chief Geologist. Since 2015, he served as Chief Geologist at the Young Davidson Gold Mine, for Alamos Gold. The Young Davidson Mine is located less than 3 km from Sparton’s Oakes Property. Dr. Hoxha’s experience at Young Davidson will be very valuable to the Company in its work in the Matachewan area. He is very familiar with Sparton’s past work at the Oakes property and understands the geologic controls on mineralization in the area. He has a wealth of relevant experience and a noteworthy track record of base and precious metal discoveries in this region.

Edcor Drilling Services – New Contracts

The Company’s subsidiary, Edcor Drilling, a diamond core drilling service organization, has recently executed contracts for 3,000 meters of new work and is expected to contribute revenue to Sparton in the coming months. Several other contacts are under negotiation and Edcor is expected to be operational at least through year end. Currently the drilling industry is confronted with a major shortage of skilled workers and equipment and the demand has created new opportunities.

New Stock Options

The Sparton board has approved effective August 24^th, 2021, the issuance of a total of 2,700,000 incentive stock options priced at $0.10 per common share, to its directors, advisors, consultants, and officers. Thirty percent (30%) of the options will vest immediately, 30% will vest on August 24^th, 2022, and 40% will vest on August 24^th, 2023.

Discussion

“The Company wishes to thank its stakeholders for their support in exercising the warrants from the 2020 financing as well as the exercise of most of the outstanding stock options. Sparton is looking forward to positive developments on all fronts in the coming months," stated Lee Barker, Company CEO.

For more information contact:

A. Lee Barker, M.A. Sc., P. Eng.
President and CEO
Tel./Fax: 647-344-7734 or Mobile: 416-716-5762
Email: info@spartonres.ca Website: www.spartonres.ca

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward Looking Statements

Information set forth in this news release involves forward-looking statements under applicable securities laws. The forward-looking statements contained herein include, but are not limited to, financings and transactions being pursued, and all such forward-looking statements are expressly qualified in their entirety by this cautionary statement. The forward-looking statements included in this news release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation. Although the Company believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct and, accordingly, undue reliance should not be put on such forward-looking statements. This news release does not constitute an offer to sell or solicitation of an offer to buy any of the securities described herein. We Seek Safe Harbour.

• Dynamic Energy Solutions, LLC has obtained financial close and commenced constructing a 6.6 Megawatts (MW) DC ground-mounted solar array in Norridgewock, Maine. The project includes an offtake agreement with Albertsons Companies, Inc. (NYSE: ACI).

• The 6.6 MW system is expected to generate more than 8.5 million kilowatt-hours of renewable energy annually for many of Albertsons Cos. Shaw's store locations throughout the Central Maine Power utility territory.

• "This system will not only provide the benefits of clean and renewable energy for Albertsons Companies but also serves the future needs of Mainers by addressing the threats of climate change," said Dynamic Energy's President John Conley.

• Dynamic Energy is expected to complete construction, installation, and final commissioning in Q4 of 2021.

• Price Action: ACI shares are trading lower by 1.07% at $28.14 on the last check Thursday.

See more from Benzinga

• Click here for options trades from Benzinga

• RumbleON Prices Public Offering Of Class B Common Stock

• Gap Inc Acquires Ecommerce Startup Drapr For Undisclosed Sum

© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Here are four stocks with buy rank and strong momentum characteristics for investors to consider today, August 26th:

EPAM Systems, Inc. EPAM: This provider of digital platform engineering and software development services has a Zacks Rank #1 (Strong Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 9.1% over the last 60 days.

EPAM Systems, Inc. Price and Consensus

EPAM Systems, Inc. price-consensus-chart | EPAM Systems, Inc. Quote

EPAM Systems’ shares gained 11.9% over the last one month compared with the S&P 500’s growth of 2.3%. The company possesses a Momentum Score of A.

EPAM Systems, Inc. Price

EPAM Systems, Inc. price | EPAM Systems, Inc. Quote

Century Casinos, Inc. CNTY: This casino entertainment company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 87.5% over the last 60 days.

Century Casinos, Inc. Price and Consensus

Century Casinos, Inc. price-consensus-chart | Century Casinos, Inc. Quote

Century Casinos’ shares gained 18.7% over the last one month. The company possesses a Momentum Score of B.

Century Casinos, Inc. Price

Century Casinos, Inc. price | Century Casinos, Inc. Quote

Gildan Activewear Inc. GIL: This manufacturer and seller of various apparel products has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 16.5% over the last 60 days.

Gildan Activewear, Inc. Price and Consensus

Gildan Activewear, Inc. price-consensus-chart | Gildan Activewear, Inc. Quote

Gildan Activewear’s shares gained 16.5% over the last one month. The company possesses a Momentum Score of B.

Gildan Activewear, Inc. Price

Gildan Activewear, Inc. price | Gildan Activewear, Inc. Quote

Albertsons Companies, Inc. ACI: This food and drug stores operator has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 14.1% over the last 60 days.

Albertsons Companies, Inc. Price and Consensus

Albertsons Companies, Inc. price-consensus-chart | Albertsons Companies, Inc. Quote

Albertsons Companies’ shares gained 40% over the last one month. The company possesses a Momentum Score of B.

Albertsons Companies, Inc. Price

Albertsons Companies, Inc. price | Albertsons Companies, Inc. Quote

See the full list of top ranked stocks here

Learn more about the Momentum score and how it is calculated here.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Albertsons Companies, Inc. (ACI) : Free Stock Analysis Report

EPAM Systems, Inc. (EPAM) : Free Stock Analysis Report

Century Casinos, Inc. (CNTY) : Free Stock Analysis Report

Gildan Activewear, Inc. (GIL) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

Here are four stocks with buy ranks and strong growth characteristics for investors to consider today, August 26th:

Gildan Activewear Inc. GIL: This manufacturer and seller of various apparel products carries a Zacks Rank #1 (Strong Buy), has witnessed the Zacks Consensus Estimate for its current year earnings increasing 16.5% over the last 60 days.

Gildan Activewear, Inc. Price and Consensus

Gildan Activewear, Inc. price-consensus-chart | Gildan Activewear, Inc. Quote

Gildan Activewear has a PEG ratio of 0.67 compared with 1.17 for the industry. The company possesses a Growth Score of A.

Gildan Activewear, Inc. PEG Ratio (TTM)

Gildan Activewear, Inc. peg-ratio-ttm | Gildan Activewear, Inc. Quote

Westlake Chemical Corporation WLK: This manufacturer and marketer of basic chemicals, vinyls, polymers, and building products carries a Zacks Rank #1, has witnessed the Zacks Consensus Estimate for its current year earnings increasing 10.9% over the last 60 days.

Westlake Chemical Corporation Price and Consensus

Westlake Chemical Corporation price-consensus-chart | Westlake Chemical Corporation Quote

Westlake Chemical has a PEG ratio of 0.14, compared with 0.35 for the industry. The company possesses a Growth Score of A.

Westlake Chemical Corporation PEG Ratio (TTM)

Westlake Chemical Corporation peg-ratio-ttm | Westlake Chemical Corporation Quote

Albertsons Companies, Inc. ACI: This food and drug stores operator carries a Zacks Rank #1, has witnessed the Zacks Consensus Estimate for its current year earnings increasing 14.1% over the last 60 days.

Albertsons Companies, Inc. Price and Consensus

Albertsons Companies, Inc. price-consensus-chart | Albertsons Companies, Inc. Quote

Albertsons Companies has a PEG ratio of 1.04, compared with 2.64 for the industry. The company possesses a Growth Score of A.

Albertsons Companies, Inc. PEG Ratio (TTM)

Albertsons Companies, Inc. peg-ratio-ttm | Albertsons Companies, Inc. Quote

CRA International, Inc. CRAI: This consulting company that provides economic, financial, and management consulting services carries a Zacks Rank #1, has witnessed the Zacks Consensus Estimate for its current year earnings increasing 18.1% over the last 60 days.

Charles River Associates Price and Consensus

Charles River Associates price-consensus-chart | Charles River Associates Quote

CRA International has a PEG ratio of 1.23, compared with 2.22 for the industry. The company possesses a Growth Score of A.

Charles River Associates PEG Ratio (TTM)

Charles River Associates peg-ratio-ttm | Charles River Associates Quote

See the full list of top ranked stocks here.

Learn more about the Growth score and how it is calculated here.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Westlake Chemical Corporation (WLK) : Free Stock Analysis Report

Charles River Associates (CRAI) : Free Stock Analysis Report

Albertsons Companies, Inc. (ACI) : Free Stock Analysis Report

Gildan Activewear, Inc. (GIL) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

At 6.6 Megawatts, the Installation is One of the Largest Commercial Solar Projects in Maine History

WAYNE, Pa., Aug. 26, 2021 /PRNewswire/ — Dynamic Energy Solutions, LLC today announced that it has achieved financial close and commenced construction of a 6.6 Megawatts (MW) DC ground-mounted solar array in Norridgewock, Maine. The project includes a landmark offtake agreement with Albertsons Companies, Inc. (NYSE: ACI), and it is one of the first and largest commercial solar installations in Maine's burgeoning solar market.

Once fully operational, the 6.6 MW system is expected to annually generate more than 8.5 million kilowatt hours of clean, renewable energy for many of Albertsons Cos. Shaw's store locations throughout the Central Maine Power utility territory.

"This system will not only provide the benefits of clean and renewable energy for Albertsons Companies, but also serves the future needs of Mainers by addressing the threats of climate change," said John Conley, Dynamic Energy's President (and Bath, Maine native). "Our team is proud to continue its development work in Maine and support the state's Renewable Portfolio Standard goal of 100% renewable electricity by 2050."

As one of the largest solar assets within Albertsons Cos.' portfolio of renewable energy sources, this agreement emphasizes the company's commitment to climate action. Earlier this year, Albertsons Cos. committed to setting a science-based target to reduce carbon emissions, and the company plans to leverage innovative partnerships, like that of Dynamic Energy and Soltage, to meet their climate goals.

"Delivering solar energy to our Shaw's stores in Maine aligns with Albertsons Companies' commitment to continue making a meaningful difference in our neighborhoods and reducing our climate impacts," said Suzanne Long, Group Vice President of Strategic Sourcing & ESG at Albertsons Companies. "This project with Dynamic Energy and Soltage represents a major step in working toward our science-based reduction goals."

Early in 2019, Dynamic Energy identified and secured an area of land based on key site criteria, while delivering the landowner a reliable and long-term annuity income stream. Consistent with Dynamic Energy's solar siting practices, the field underneath the panels includes a mix of grasses and flowers to maintain the ecology of the land for pollinators further enhancing the local benefits of the system.

After the land was secured, Dynamic Energy introduced its trusted finance partner Soltage, the national Independent Power Producer. In partnership with Soltage, Dynamic Energy has brought over 8 MWs of commercially operational solar capacity onto the grid.

"We're proud to blaze a trail in Maine's growing market, with our friends at Dynamic Energy," said Jesse Grossman, CEO and Co-Founder of Soltage. "It's critical to support American businesses as they move forward to adopt clean energy to decarbonize their operations, and we're happy to be part of their transition."

In addition to the development and disposition of the project, Dynamic Energy is also providing engineering, procurement, and construction (EPC) services for the project. Dynamic Energy is expected to complete construction, installation, and final commissioning in the fourth quarter of 2021.

About Dynamic Energy Solutions, LLC
Dynamic Energy is a full-service solar energy provider that brings together the diverse expertise needed to design, finance, build and maintain projects to meet the needs of commercial, industrial, and institutional customers. With an in-house team that includes professional engineers, project managers, development, procurement, and master electricians, Dynamic Energy creates high-quality projects that reduce customer expenses, improve operating efficiency, provide an attractive return on investment, and achieve sustainability goals. For more information, please visit www.dynamicenergy.com.

About Albertsons Companies, Inc.
Albertsons Companies is a leading food and drug retailer that operates stores across 34 states and the District of Columbia with more than 20 well-known banners including Albertsons, Safeway, Vons, Jewel-Osco, Shaw's, Acme, Tom Thumb, Randalls, United Supermarkets, Pavilions, Star Market, Haggen, Carrs, Kings Food Markets and Balducci's Food Lovers Market. The Company is committed to helping people across the country live better lives by making a meaningful difference, neighborhood by neighborhood. In 2020, along with the Albertsons Companies Foundation, the Company gave $260 million in food and financial support, including $95 million through our Nourishing Neighbors Program to ensure those living in our communities have enough to eat. Albertsons Companies also pledged $5 million to organizations supporting social justice. These efforts have helped millions of people in the areas of hunger relief, education, cancer research and treatment, social justice and programs for people with disabilities and veterans' outreach.

About Soltage
Soltage is a leader in the development, financing, and operation of distributed utility-scale solar assets for commercial, industrial and municipal customers across the United States. Soltage has developed more than 100 solar energy projects with more than 400 MW total distributed generating capacity under construction and management. Soltage is backed by a group of investors including Prudential Capital Group and is headquartered in Jersey City, New Jersey. For more information, visit www.soltage.com.

View original content to download multimedia:https://www.prnewswire.com/news-releases/dynamic-energy-and-soltage-partner-to-deliver-one-of-albertsons-companies-largest-solar-assets-301363553.html

SOURCE Dynamic Energy

Today we'll do a simple run through of a valuation method used to estimate the attractiveness of New Hope Corporation Limited (ASX:NHC) as an investment opportunity by taking the expected future cash flows and discounting them to today's value. One way to achieve this is by employing the Discounted Cash Flow (DCF) model. Believe it or not, it's not too difficult to follow, as you'll see from our example!

We generally believe that a company's value is the present value of all of the cash it will generate in the future. However, a DCF is just one valuation metric among many, and it is not without flaws. If you want to learn more about discounted cash flow, the rationale behind this calculation can be read in detail in the Simply Wall St analysis model.

View our latest analysis for New Hope

Crunching the numbers

We are going to use a two-stage DCF model, which, as the name states, takes into account two stages of growth. The first stage is generally a higher growth period which levels off heading towards the terminal value, captured in the second 'steady growth' period. In the first stage we need to estimate the cash flows to the business over the next ten years. Where possible we use analyst estimates, but when these aren't available we extrapolate the previous free cash flow (FCF) from the last estimate or reported value. We assume companies with shrinking free cash flow will slow their rate of shrinkage, and that companies with growing free cash flow will see their growth rate slow, over this period. We do this to reflect that growth tends to slow more in the early years than it does in later years.

A DCF is all about the idea that a dollar in the future is less valuable than a dollar today, so we need to discount the sum of these future cash flows to arrive at a present value estimate:

10-year free cash flow (FCF) forecast

("Est" = FCF growth rate estimated by Simply Wall St)
Present Value of 10-year Cash Flow (PVCF) = AU$1.5b

The second stage is also known as Terminal Value, this is the business's cash flow after the first stage. The Gordon Growth formula is used to calculate Terminal Value at a future annual growth rate equal to the 5-year average of the 10-year government bond yield of 1.9%. We discount the terminal cash flows to today's value at a cost of equity of 8.5%.

Terminal Value (TV)= FCF₂₀₃₁ × (1 + g) ÷ (r – g) = AU$189m× (1 + 1.9%) ÷ (8.5%– 1.9%) = AU$2.9b

Present Value of Terminal Value (PVTV)= TV / (1 + r)¹⁰= AU$2.9b÷ ( 1 + 8.5%)¹⁰= AU$1.3b

The total value, or equity value, is then the sum of the present value of the future cash flows, which in this case is AU$2.8b. The last step is to then divide the equity value by the number of shares outstanding. Relative to the current share price of AU$2.0, the company appears quite good value at a 40% discount to where the stock price trades currently. Remember though, that this is just an approximate valuation, and like any complex formula – garbage in, garbage out.

The assumptions

The calculation above is very dependent on two assumptions. The first is the discount rate and the other is the cash flows. Part of investing is coming up with your own evaluation of a company's future performance, so try the calculation yourself and check your own assumptions. The DCF also does not consider the possible cyclicality of an industry, or a company's future capital requirements, so it does not give a full picture of a company's potential performance. Given that we are looking at New Hope as potential shareholders, the cost of equity is used as the discount rate, rather than the cost of capital (or weighted average cost of capital, WACC) which accounts for debt. In this calculation we've used 8.5%, which is based on a levered beta of 1.391. Beta is a measure of a stock's volatility, compared to the market as a whole. We get our beta from the industry average beta of globally comparable companies, with an imposed limit between 0.8 and 2.0, which is a reasonable range for a stable business.

Moving On:

Valuation is only one side of the coin in terms of building your investment thesis, and it shouldn't be the only metric you look at when researching a company. It's not possible to obtain a foolproof valuation with a DCF model. Instead the best use for a DCF model is to test certain assumptions and theories to see if they would lead to the company being undervalued or overvalued. For example, changes in the company's cost of equity or the risk free rate can significantly impact the valuation. Why is the intrinsic value higher than the current share price? For New Hope, we've compiled three important elements you should look at:

1. Risks: As an example, we've found 2 warning signs for New Hope that you need to consider before investing here.

2. Future Earnings: How does NHC's growth rate compare to its peers and the wider market? Dig deeper into the analyst consensus number for the upcoming years by interacting with our free analyst growth expectation chart.

3. Other High Quality Alternatives: Do you like a good all-rounder? Explore our interactive list of high quality stocks to get an idea of what else is out there you may be missing!

PS. The Simply Wall St app conducts a discounted cash flow valuation for every stock on the ASX every day. If you want to find the calculation for other stocks just search here.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

A look at the shareholders of Deep Yellow Limited (ASX:DYL) can tell us which group is most powerful. Institutions often own shares in more established companies, while it's not unusual to see insiders own a fair bit of smaller companies. I generally like to see some degree of insider ownership, even if only a little. As Nassim Nicholas Taleb said, 'Don’t tell me what you think, tell me what you have in your portfolio.

With a market capitalization of AU$231m, Deep Yellow is a small cap stock, so it might not be well known by many institutional investors. Our analysis of the ownership of the company, below, shows that institutions are noticeable on the share registry. Let's delve deeper into each type of owner, to discover more about Deep Yellow.

Check out our latest analysis for Deep Yellow

What Does The Institutional Ownership Tell Us About Deep Yellow?

Many institutions measure their performance against an index that approximates the local market. So they usually pay more attention to companies that are included in major indices.

As you can see, institutional investors have a fair amount of stake in Deep Yellow. This implies the analysts working for those institutions have looked at the stock and they like it. But just like anyone else, they could be wrong. It is not uncommon to see a big share price drop if two large institutional investors try to sell out of a stock at the same time. So it is worth checking the past earnings trajectory of Deep Yellow, (below). Of course, keep in mind that there are other factors to consider, too.

It would appear that 7.6% of Deep Yellow shares are controlled by hedge funds. That worth noting, since hedge funds are often quite active investors, who may try to influence management. Many want to see value creation (and a higher share price) in the short term or medium term. Paradice Investment Management Pty Ltd. is currently the largest shareholder, with 9.4% of shares outstanding. Resource Capital Investment Corporation is the second largest shareholder owning 7.6% of common stock, and Collines Investments Ltd holds about 6.8% of the company stock. In addition, we found that John Borshoff, the CEO has 3.7% of the shares allocated to their name.

A deeper look at our ownership data shows that the top 25 shareholders collectively hold less than half of the register, suggesting a large group of small holders where no single shareholder has a majority.

While it makes sense to study institutional ownership data for a company, it also makes sense to study analyst sentiments to know which way the wind is blowing. We're not picking up on any analyst coverage of the stock at the moment, so the company is unlikely to be widely held.

Insider Ownership Of Deep Yellow

The definition of company insiders can be subjective and does vary between jurisdictions. Our data reflects individual insiders, capturing board members at the very least. Company management run the business, but the CEO will answer to the board, even if he or she is a member of it.

Most consider insider ownership a positive because it can indicate the board is well aligned with other shareholders. However, on some occasions too much power is concentrated within this group.

Shareholders would probably be interested to learn that insiders own shares in Deep Yellow Limited. It has a market capitalization of just AU$231m, and insiders have AU$22m worth of shares, in their own names. This shows at least some alignment, but I usually like to see larger insider holdings. You can click here to see if those insiders have been buying or selling.

General Public Ownership

The general public — including retail investors — own 54% of Deep Yellow. With this amount of ownership, retail investors can collectively play a role in decisions that affect shareholder returns, such as dividend policies and the appointment of directors. They can also exercise the power to vote on acquisitions or mergers that may not improve profitability.

Private Company Ownership

Our data indicates that Private Companies hold 7.8%, of the company's shares. It might be worth looking deeper into this. If related parties, such as insiders, have an interest in one of these private companies, that should be disclosed in the annual report. Private companies may also have a strategic interest in the company.

Next Steps:

I find it very interesting to look at who exactly owns a company. But to truly gain insight, we need to consider other information, too. Consider for instance, the ever-present spectre of investment risk. We've identified 4 warning signs with Deep Yellow (at least 2 which make us uncomfortable) , and understanding them should be part of your investment process.

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.

NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

Crude prices recovered for the second day in a row, fueled by optimism about falling COVID-19 infections in China and by a major production outage in the Gulf of Mexico

Source: Baker Hughes.

Chart of the Week

Indian Crude Imports Drop to 1-Year Low in July

– Indian demand seems to have bottomed out in July, hitting a 1-year low in crude oil imports at 3.4 million b/d.

– The weak readings come from a double whammy of refinery maintenance in at least six major refineries across the country and still-high product stocks that were slow to clear during the April-May lockdowns.

– With the monsoon season largely over and refineries coming back from seasonal maintenance, forthcoming months should see tangible improvements, boosted by a narrowing Brent-Dubai EFS (ie more arbitrage barrels coming in).
– August imports so far seem to be indicating a gradual rebound in Indian demand, with arrivals between August 01-23 averaging 3.8 million b/d, up by 400,000 b/d month-on-month.

Market Movers

– S&P warned that it might downgrade the credit rating of Australian energy firm BHP (NYSE:BHP) after it sold its oil business to Woodside in a nil-premium merger. The potential downgrade to BBB+ would see BHP’s rating drop to its lowest level since it was first rated in 1995.

– Brazil’s NOC Petrobras (NYSE:PBR) launched operations at its 180 kbpd Carioca FPSO in the Sepia field, some 200km off the coast in water depth of 2200 meters. Petrobras’ stocks failed to react so far.

– Royal Dutch Shell (NYSE:RDS.A) lost its OML 11 block in Nigeria after a court decision ruled the Anglo-Dutch major wasn’t entitled to renew it, coming only several weeks after Shell paid a $111 million fine for a decades-old oil spill. Shell’s leaving Nigeria seems imminent now.

Tuesday, August 24, 2021

Crude prices recovered somewhat from last week’s freefall, boosted by improving signals coming out of East Asia (China reporting no locally transmitted infections) as well as the Ku-Maloob-Zaap platform seeing a major supply disruption in offshore Mexico. ICE Brent quotes swung back above the $70 per barrel mark, whilst WTI futures trended around $67.5 per barrel, further extending the widening Brent-WTI spread.

Hedge Funds Keep on Selling Crude. Hedge funds and money managers have sold petroleum for the seventh time in nine weeks, Reuters reports, as demand concerns have bitten into the summer season’s bullish sentiment. The sales were equivalent to 40 MMbbls in the six most important futures in the week to 17 August.

Ku-Maloob-Zaap Fire Debilitates Mexico Offshore Output. A fire on a PEMEX-operated offshore oil platform connected to the Ku-Maloob-Zaap complex (40% of Mexico’s crude output) killed at least 5 people, forcing the Mexican NOC to decrease output as the platform ran out of natural gas for reinjection.

Guyana to Pick Crude Marketer from 15 Companies. Fifteen companies have bid to become Guyana’s crude oil marketer, with China’s Sinochem (SH:600500) bidding the lowest price at $0.02 per barrel. The lowest bid might not guarantee the deal as Guyana was seeking for an experienced trading company with solid monthly crude marketing volumes.

ExxonMobil Negotiates PNG Deal Again. The government of Papua New Guinea relaunched talks with US major ExxonMobil (NYSE:XOM) on the P’nyang gas project following a 2-year hiatus. The negotiations were broken off after the two sides failed to agree if P’nyang should be channeled into a separate train of PNG LNG.

Baltic Freight Index Rises to Highest Since 2010. The Baltic Exchange’s sea freight Baltic Index continues to soar, now standing at 4,147 points, with capesize rates increasing for 11 straight sessions already. Shipping constraints in China coupled with robust commodity demand remain the main drivers of the ongoing freight rate surge.

GM Recalls Every Chevy Bolt EV. General Motors (NYSE:GM) indefinitely halt the sales of all Chevy Bolt EVs and recalled all models produced in 2019-2022 due to fire risks from the car’s high-voltage battery pack, dealing a $1 trillion blow to the US carmaker.

Panama Canal Maintenance to Sap Transit Capacity. The Panama Canal will go into scheduled maintenance between 29 August – 10 September, pushing up freight prices in the Western Hemisphere and severely impacting the transiting capacity for non-booked ships which will be forced to wait 14-15 days to pass.

Chinese Merger to Create Third-Largest Steelmaker. The long-mooted merger of Chinese steelmakers Ansteel Group and Ben Gang has started last week, propelling the new firm to become the third globally after Baowu Group and ArcelorMittal (AMS:MT) amid a wide-ranging consolidation drive within China’s bloated steel sector.

Gazprom Ups 2021 Price Forecast. Russian gas giant Gazprom (MCX:GAZP) has revised its 2021 average European sales price for the third time this year already, hiking it to $270 per Mcm, sending its stock to an all-time high.

Afghanistan Runs Risk of Product Dearth. Following Taliban’s takeover of Afghanistan, product exports to Afghanistan (which doesn’t have a conventional refinery) stopped altogether. Before August most of the 20-25kbpd of products supplied to the country was railed in from the Turkmenbashi Refinery in Turkmenistan, currently only Iran supplies fuel across the border.

Chinese Coking Coal Futures Soar. Coke and coking coal futures on the Dalian Commodity Exchange surged this week amidst rumours of an impending two-week suspension in coal imports from Mongolia, with the latter trading at an all-time high of 3050 yuan per tonne ($470 per tonne).

BP Drills First Exploration Well in Azerbaijan’s SWAP Block. Operating the Shallow Water Absheron Peninsula (SWAP) block offshore Azerbaijan, UK-based major BP (NYSE:BP) spudded the first wildcat in the acreage at the North Khali area in water depths of some 40 meters.

Gold Steady Above the $1,800/oz Mark. Following a surge late last week, gold prices remained above the $1,800 per ounce threshold, back to where they were a month ago, as investors continue to speculate whether the US Federal Reserve would delay tapering or not.

By Tom Kool for Oilprice.com

More Top Reads From Oilprice.com:

• Europe Faces LNG Supply Crunch
  

• Brent Climbs Back Above $70 On Major Production Outage
  

• ‘Skimming Stones’ Pattern Shows Wall Street Is Wrong About Oil

Read this article on OilPrice.com

(Bloomberg) — BHP Group and Mitsubishi Corp. will deploy electric pickup trucks and fast-charging units at an Australian coal mine to test technology that could aid the challenging task of cutting the sector’s greenhouse gas emissions.

The BHP Mitsubishi Alliance joint venture, Australia’s top coal producer, will initially use two of Canadian firm Miller Technology Inc.’s Relay trucks to transport workers at the Broadmeadow mine in Queensland. The vehicles — which can be juiced up in about 20 minutes for a 10-hour shift — will be backed by Tritium Pty Ltd. chargers that are adapted for use in harsh mining environments.

Miners are beginning to test out options to replace their vast diesel-powered fleets, including pickups and excavators, with zero-emissions alternatives, a step that could assist in curbing the industry’s sprawling climate footprint. Fortescue Metals Group Ltd. is adding hydrogen fuel-cell buses, while BHP, Vale SA and Rio Tinto Group have challenged suppliers to speed up development of large electric haul trucks.

Eliminating all combustion-engine vehicles at mines would require major investment and only tackle a portion of their pollution. Use of diesel, including by mining equipment, accounts for about 40% of BHP’s so-called scope 1 and 2 greenhouse gas emissions, the company said in its most recent annual climate report.

“The new electric transporters are a major step toward safer and more sustainable underground mining,” BMA President James Palmer said in a statement. The Relay trucks will replace diesel vehicles at the mine, and BMA plans a broader fleet replacement program that will eventually retire its entire diesel fleet.

Brisbane-based charger manufacturer Tritium, which in May reached an agreement to go public via a merger with a special purpose acquisition company, sees further opportunities to supply charging equipment to miners.

Read: Fastest Electric Car Chargers Waiting for Batteries to Catch Up

The industry will need “charging technology that is sealed to protect against sediment, dust and moisture, and rated to operate in harsh conditions,” Jane Hunter, Tritium’s chief executive officer, said in a statement.

BHP is seeking to lower greenhouse gas emissions from its own operations — a small fraction of the total — by almost a third by 2030 and to zero by 2050. The company last week agreed to split off its oil and gas unit to accelerate a retreat from fossil fuels, and is working with customers to reduce emissions.

(Updates with details in third paragraph.)

More stories like this are available on bloomberg.com

Subscribe now to stay ahead with the most trusted business news source.

©2021 Bloomberg L.P.

Investors looking for stocks in the Consumer Products – Staples sector might want to consider either Albertsons Companies, Inc. (ACI) or Kimberly-Clark (KMB). But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out.

We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The proven Zacks Rank puts an emphasis on earnings estimates and estimate revisions, while our Style Scores work to identify stocks with specific traits.

Albertsons Companies, Inc. has a Zacks Rank of #2 (Buy), while Kimberly-Clark has a Zacks Rank of #5 (Strong Sell) right now. This system places an emphasis on companies that have seen positive earnings estimate revisions, so investors should feel comfortable knowing that ACI is likely seeing its earnings outlook improve to a greater extent. But this is just one factor that value investors are interested in.

Value investors also tend to look at a number of traditional, tried-and-true figures to help them find stocks that they believe are undervalued at their current share price levels.

Our Value category grades stocks based on a number of key metrics, including the tried-and-true P/E ratio, the P/S ratio, earnings yield, and cash flow per share, as well as a variety of other fundamentals that value investors frequently use.

ACI currently has a forward P/E ratio of 12.70, while KMB has a forward P/E of 20.53. We also note that ACI has a PEG ratio of 1.06. This popular figure is similar to the widely-used P/E ratio, but the PEG ratio also considers a company's expected EPS growth rate. KMB currently has a PEG ratio of 4.11.

Another notable valuation metric for ACI is its P/B ratio of 7.93. The P/B ratio pits a stock's market value against its book value, which is defined as total assets minus total liabilities. For comparison, KMB has a P/B of 61.41.

These are just a few of the metrics contributing to ACI's Value grade of A and KMB's Value grade of C.

ACI stands above KMB thanks to its solid earnings outlook, and based on these valuation figures, we also feel that ACI is the superior value option right now.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Albertsons Companies, Inc. (ACI) : Free Stock Analysis Report
 
KimberlyClark Corporation (KMB) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.

These are the consumer staples stocks with the best value, fastest growth, and most momentum for September 2021.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.

In addition to the Zacks Rank, investors looking for stocks with specific traits can utilize our Style Scores system. Of course, value investors will be most interested in the system's "Value" category. Stocks with "A" grades for Value and high Zacks Ranks are among the best value stocks available at any given moment.

One company value investors might notice is Albertsons Companies, Inc. (ACI). ACI is currently sporting a Zacks Rank of #2 (Buy), as well as a Value grade of A. The stock is trading with P/E ratio of 12.80 right now. For comparison, its industry sports an average P/E of 23.97. Over the past year, ACI's Forward P/E has been as high as 13.32 and as low as 5.35, with a median of 9.15.

Investors will also notice that ACI has a PEG ratio of 1.07. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. ACI's PEG compares to its industry's average PEG of 1.67. Over the last 12 months, ACI's PEG has been as high as 1.11 and as low as 0.45, with a median of 0.78.

Finally, we should also recognize that ACI has a P/CF ratio of 7.11. This metric focuses on a firm's operating cash flow and is often used to find stocks that are undervalued based on the strength of their cash outlook. ACI's current P/CF looks attractive when compared to its industry's average P/CF of 15.39. Over the past 52 weeks, ACI's P/CF has been as high as 7.41 and as low as 2.15, with a median of 2.86.

These are just a handful of the figures considered in Albertsons Companies, Inc.'s great Value grade. Still, they help show that the stock is likely being undervalued at the moment. Add this to the strength of its earnings outlook, and we can clearly see that ACI is an impressive value stock right now.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Albertsons Companies, Inc. (ACI) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research

Oil stocks across the board are flying higher today thanks to the sharp reversal in oil prices, but small-cap stocks are shining the brightest, with Centennial Resource Development (NASDAQ: CDEV) and Core Laboratories (NYSE: CLB) leading from the front. The double-digit price tumble in shares of Centennial Resource and Core Labs last week has presented investors in oil and gas stocks with the perfect opportunity to scoop up some shares today. Crude oil prices are reversing today after a week-long decline and are up more than 5% this morning.

Toronto, Ontario–(Newsfile Corp. – August 23, 2021) – Eric Sprott announces that on August 21, 2021, 6,666,667 common share purchase warrants (Warrants) of Aben Resources Ltd., (held by 2176423 Ontario Ltd., a corporation he beneficially owns) expired unexercised representing a decrease in holdings of approximately 4.8% of the outstanding common shares (Shares) on a partially diluted basis since the date of the last early warning report. Prior to the expiry of these Warrants, Mr. Sprott beneficially owned and controlled 6,866,667 Shares and 6,666,667 Warrants representing approximately 5.3% of the outstanding Shares on a non-diluted basis and approximately 10.0% on a partially diluted basis assuming the exercise of such Warrants.

As a result of the Warrant expiry, Mr. Sprott now owns and controls 6,866,667 Shares representing approximately 5.3% of the outstanding Shares on a non-diluted basis. The Warrants expiry resulted in an ownership change of greater than 2% (to below 10%) and, therefore, the filing of an update to the early warning report.

The Shares are held for investment purposes. Mr. Sprott has a long-term view of the investment and may acquire additional securities including on the open market or through private acquisitions or sell the securities including on the open market or through private dispositions in the future depending on market conditions, reformulation of plans and/or other relevant factors.

Aben Resources is located at 1610 – 777 Dunsmuir Street, PO Box 10427, Vancouver, BC V7Y 1K4. A copy of the early warning report with respect to the foregoing will appear on the company's profile on the System for Electronic Document Analysis and Retrieval at www.sedar.com and may also be obtained by calling Mr. Sprott's office at (416) 945-3294 (2176423 Ontario Ltd., 200 Bay Street, Suite 2600, Royal Bank Plaza, South Tower, Toronto, Ontario M5J 2J1).

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/94062

Does the August share price for Whitehaven Coal Limited (ASX:WHC) reflect what it's really worth? Today, we will estimate the stock's intrinsic value by taking the expected future cash flows and discounting them to their present value. One way to achieve this is by employing the Discounted Cash Flow (DCF) model. There's really not all that much to it, even though it might appear quite complex.

Companies can be valued in a lot of ways, so we would point out that a DCF is not perfect for every situation. For those who are keen learners of equity analysis, the Simply Wall St analysis model here may be something of interest to you.

View our latest analysis for Whitehaven Coal

Is Whitehaven Coal fairly valued?

We use what is known as a 2-stage model, which simply means we have two different periods of growth rates for the company's cash flows. Generally the first stage is higher growth, and the second stage is a lower growth phase. To begin with, we have to get estimates of the next ten years of cash flows. Where possible we use analyst estimates, but when these aren't available we extrapolate the previous free cash flow (FCF) from the last estimate or reported value. We assume companies with shrinking free cash flow will slow their rate of shrinkage, and that companies with growing free cash flow will see their growth rate slow, over this period. We do this to reflect that growth tends to slow more in the early years than it does in later years.

Generally we assume that a dollar today is more valuable than a dollar in the future, and so the sum of these future cash flows is then discounted to today's value:

10-year free cash flow (FCF) forecast

("Est" = FCF growth rate estimated by Simply Wall St)
Present Value of 10-year Cash Flow (PVCF) = AU$1.2b

We now need to calculate the Terminal Value, which accounts for all the future cash flows after this ten year period. The Gordon Growth formula is used to calculate Terminal Value at a future annual growth rate equal to the 5-year average of the 10-year government bond yield of 1.9%. We discount the terminal cash flows to today's value at a cost of equity of 9.0%.

Terminal Value (TV)= FCF₂₀₃₁ × (1 + g) ÷ (r – g) = AU$99m× (1 + 1.9%) ÷ (9.0%– 1.9%) = AU$1.4b

Present Value of Terminal Value (PVTV)= TV / (1 + r)¹⁰= AU$1.4b÷ ( 1 + 9.0%)¹⁰= AU$603m

The total value is the sum of cash flows for the next ten years plus the discounted terminal value, which results in the Total Equity Value, which in this case is AU$1.8b. The last step is to then divide the equity value by the number of shares outstanding. Relative to the current share price of AU$2.1, the company appears around fair value at the time of writing. The assumptions in any calculation have a big impact on the valuation, so it is better to view this as a rough estimate, not precise down to the last cent.

The assumptions

We would point out that the most important inputs to a discounted cash flow are the discount rate and of course the actual cash flows. If you don't agree with these result, have a go at the calculation yourself and play with the assumptions. The DCF also does not consider the possible cyclicality of an industry, or a company's future capital requirements, so it does not give a full picture of a company's potential performance. Given that we are looking at Whitehaven Coal as potential shareholders, the cost of equity is used as the discount rate, rather than the cost of capital (or weighted average cost of capital, WACC) which accounts for debt. In this calculation we've used 9.0%, which is based on a levered beta of 1.500. Beta is a measure of a stock's volatility, compared to the market as a whole. We get our beta from the industry average beta of globally comparable companies, with an imposed limit between 0.8 and 2.0, which is a reasonable range for a stable business.

Next Steps:

Whilst important, the DCF calculation ideally won't be the sole piece of analysis you scrutinize for a company. The DCF model is not a perfect stock valuation tool. Rather it should be seen as a guide to "what assumptions need to be true for this stock to be under/overvalued?" If a company grows at a different rate, or if its cost of equity or risk free rate changes sharply, the output can look very different. For Whitehaven Coal, there are three relevant aspects you should look at:

1. Risks: As an example, we've found 1 warning sign for Whitehaven Coal that you need to consider before investing here.

2. Management:Have insiders been ramping up their shares to take advantage of the market's sentiment for WHC's future outlook? Check out our management and board analysis with insights on CEO compensation and governance factors.

3. Other High Quality Alternatives: Do you like a good all-rounder? Explore our interactive list of high quality stocks to get an idea of what else is out there you may be missing!

PS. Simply Wall St updates its DCF calculation for every Australian stock every day, so if you want to find the intrinsic value of any other stock just search here.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

(Bloomberg) — Women still face a threat to their safety at remote mine sites across the globe.

It’s a challenge the industry is grappling with after BHP Group, the world’s biggest miner, lifted the lid on a male-dominated culture in which sexual harassment is rife.

The company has fired 48 workers at its sites in Western Australia since July 2019 after verifying allegations of harassment, BHP said in a submission to a state inquiry. The Melbourne-based company said it had also received two substantiated allegations of rape, with further cases still under investigation. Rio Tinto Group, in its submission, said it had received 29 confirmed reports of harassment at its Pilbara iron ore operations since Jan. 2020 and one case of sexual assault.

While harassment is a problem in workplaces around the world, isolated mines can be especially risky for women. They remain largely male-dominated, with fly-in, fly-out (FIFO) workers living in camp-style accommodation that blurs the line between work and social life. Add excessive alcohol consumption into the mix, and inappropriate behavior often follows.

“Mining was made by and for men,” Fiona Vines, BHP’s head of diversity and inclusion, said in a phone interview earlier this month. “Now we’re introducing women into that setting and we have to fundamentally change it to make it safe in the first instance, and then comfortable and appealing.”

Western Australia’s parliament in July announced an inquiry into sexual harassment in the FIFO mining industry following a spate of allegations. Miners including BHP and Rio say the increase in reports shows their efforts to make women more confident about speaking out is paying off. Still, other submissions to the inquiry suggest the problem is an endemic one.

Nearly 23% of women in the industry have experienced physical acts of sexual assault, according to a survey by union body Western Mineworkers Alliance. Just four in 10 women FIFO workers said staff are encouraged to report sexual harassment and half said workers are not supported through the reporting process, WMWA noted in its submission to the inquiry.

To be sure, toxic male attitudes are not just a problem in Australia. In Chile, where BHP has major copper operations, the company has had to work hard to overcome traditional perceptions of women’s role in society, Vines said. Hiring more women in the South American country was a challenge in itself, although gains were being made including the first female general manager of a mine.

BHP is taking a wide range of steps to combat harassment at its global operations, including tighter security, limits on alcohol consumption, and education programs for its workers. Vines stressed the importance of changing the attitudes that underpin bad behavior, in part by improving the diversity of its workforce. The company has increased the percentage of women employees to nearly 30%, from 17.6% in 2016, and is targeting gender parity by 2025.

“Male-dominated environments are not normal, they’re not natural, they’re not healthy,” said Vines. “Let’s get to gender balance, because when you’ve got 50% women and 50% men this stuff just doesn’t happen as much.”

(Adds detail from Rio Tinto in paragraph three, Chile in paragraph eight)

More stories like this are available on bloomberg.com

Subscribe now to stay ahead with the most trusted business news source.

©2021 Bloomberg L.P.