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Ovintiv signs deal to buy Midland Basin assets for US$4.275B, selling Bakken assets

Published Fri, 07 Feb 2025 21:14:38 GMT

CALGARY — Ovintiv Inc. has signed a deal to buy a portfolio of assets in the Midland Basin in Texas in an agreement valued at US$4.275 billion in cash and shares.The company is acquiring the assets from a group of portfolio companies of funds managed by EnCap Investments LP.Under the terms of the deal, the sellers will receive about 32.6 million shares of Ovintiv common stock and US$3.125 billion in cash. To help fund the transaction, Ovintiv says it has signed an agreement to sell its Bakken assets in North Dakota to a portfolio company of funds managed by EnCap for US$825 million.The deals are expected to close by the end of the second quarter, subject to customary closing conditions and adjustments.Ovintiv also announced it has raised its quarterly dividend by a nickel to 30 cents per share.This report by The Canadian Press was first published April 3, 2023.Companies in this story: (TSX:OVV)The Canadian Press

Ugandan forces take over east Congo town as M23 rebels leave

Published Fri, 07 Feb 2025 21:14:38 GMT

GOMA, Congo (AP) — East African regional forces have regained control of Bunagana, a strategic town in eastern Congo that had been held by M23 rebels for more than nine months, a spokesman for the regional force said Monday. Ugandan forces officially deployed to Bunagana and will establish a foothold in the area and give the M23 forces time to vacate, said Capt. Kato Ahmad Hassan, spokesman for the Ugandan contingent of the regional force. “We appreciate the command of the M23 for being cooperative to the contingent, for according us a safe passage and for allowing us to occupy Bunagana,” he said.M23 did not respond to request for comment about their departure from Bunagana. The rebels’ departure from Bunagana has been a key demand during several rounds of mediation efforts on the crisis in eastern Congo, where more than 120 armed groups have been fighting for land, power and resources and some to protect their communities.M23 rose to prominence 10 years ago when its fighters ...

17-year-old killed in Humboldt Park triple shooting

Published Fri, 07 Feb 2025 21:14:38 GMT

CHICAGO — A 17-year-old boy died following a triple shooting Sunday night in Humboldt Park.At around 6:10 a.m., police responded to the 800 block of North Hamlin Avenue on the report of a shooting.At the scene, police located a 17-year-old boy, a 16-year-old boy and a 21-year-old man suffering from gunshot wounds. The 17-year-old boy was pronounced dead at Mt. Sinai. Man struck, killed in Northwest Side intersection The other teen's condition is unknown and the 21-year-old was transported in good condition.No suspects are in custody. Anyone with information can leave an anonymous tip at cpdtip.com.

Man crashes car into home on Lower West Side

Published Fri, 07 Feb 2025 21:14:38 GMT

CHICAGO — A driver struck another car head on and crashed into a home on the city's Lower West Side Sunday night.Police say a man was driving a chevy station wagon going northbound on Paulina Street when he struck another vehicle head on. The driver continued northbound and drove into a home, crashing into the main window. He then fled the scene in an unknown direction. CPD: 14-year-old shot in the chest in Chatham According to police reports, a 26-year-old woman driving the other vehicle was transported to Stroger Hospital in good condition. No one was injured in the residence and there is currently no one in custody. Police are investigating the incident.

Couple killed, girl injured in hot air balloon fire near Mexico City

Published Fri, 07 Feb 2025 21:14:38 GMT

MEXICO CITY (AP) — Two people died and a girl was injured after the hot air balloon they were riding in caught fire near Mexico City. Officials in the state of Mexico, which borders the capital, said Saturday that the girl suffered burns and a broken arm. According to a video of the incident posted on social media, the occupants of the balloon appeared to have fallen or jumped from the craft. 15 tornadoes touchdown in Chicago area, NWS confirms The dead were listed as a male, 50, and a woman, 38. The accident occurred near the pre-Hispanic ruin site of Teotihuacan, just north of Mexico City.

WWE and UFC combine to create $21.4 billion entertainment company

Published Fri, 07 Feb 2025 21:14:38 GMT

WWE and the company that runs Ultimate Fighting Championship will combine to create a $21.4 billion sports entertainment company.A new publicly traded company will be formed that houses the UFC and WWE brands, with Endeavor Group Holdings Inc. taking a 51% controlling interest in the new company. Existing WWE shareholders will hold a 49% stake.The companies put the enterprise value of UFC at $12.1 billion and WWE's value at $9.3 billion.In this photo provided by WWE, rapper Snoop Dogg gets ready to drop The People's Elbow on Mike "The Miz" Mizanin during WrestleMania 39 on Sunday, April 2, 2023, at SoFi Stadium in Inglewood, Calif. The rapper stepped in at the last second to perform in the match after Shane McMahon was injured. (WWE via AP)The new business, which does not yet have a name, will be lead by Endeavor CEO Ari Emanuel. Vince McMahon, executive chairman at WWE, will serve in the same role at the new company. Dana White will continue as president of UFC and Nick Khan will b...

Bill S-203 Receives Royal Assent Ahead Of World Autism Day in Canada

Published Fri, 07 Feb 2025 21:14:38 GMT

Texans scammed into buying stolen vehicles on social media

Published Fri, 07 Feb 2025 21:14:38 GMT

AUSTIN (KXAN) -- Authorities in Central Texas are warning people about an online scam that is causing people to lose thousands of dollars and their vehicles. The Heart of Texas Auto Theft Task Force said people are being duped into buying stolen vehicles online with cash, and when it is later discovered the vehicle is stolen, the vehicle is also taken away. How the scam works Lieutenant Howard Stinehour with the Burnet County Sheriff's Office said the online scam started picking up during the pandemic, when people had trouble buying vehicles at car dealerships. A majority of the stolen vehicles are coming out of the Houston area, Lt. Stinehour explained. He said criminals are easily stealing vehicles because people are leaving their key fob in the car, or simply leaving the car door unlocked. Once the vehicle is stolen, criminals are creating fake I.D. cards and fraudulent car titles by using somebody else's identity. The cars are then posted online at places like Facebook Marketpla...

$1 billion increase in hail claims costs nationwide; Texas ranks 2nd for most claims

Published Fri, 07 Feb 2025 21:14:38 GMT

AUSTIN (KXAN) – State Farm released that the company’s annual claims paid to help customers recover from hail damages. Nationwide this number increased more than $1 billion from 2021 to 2022. The sharp increase was due to simply an increase in hail claims and inflation.While the average claim in Texas is up $1,000 from last year, the overall number of claims is down. As a result, Texas no longer holds the number 1 spot in the country for most claims, they have now fallen to number 2.Meteorologist Sean Kelly spoke with Gina Wilken with State Farm to talk about inflation's role in the claims. You can read the interview below to learn more.Sean Kelly, KXAN News: Thank you so much for joining us, what was the big jump? And How significant was it?Gina Wilken, State Farm: So from 2021 to 2022, our State Farm data shows that there was an increase of a billion dollars in overall hail claims. Now that's both home and auto. This is a huge jump. And some might say, well, there was a lot more c...

Public input sought for Burnt Hills NY Forward grant

Published Fri, 07 Feb 2025 21:14:38 GMT

BURNT HILLS, N.Y. (NEWS10) -- The Town of Ballston is looking for public input to gather feedback for its application for a NY Forward grant for Burnt Hills. NY Forward is a state program for hamlets and villages that are looking to revitalize their downtowns and local economies. Get the latest, news, weather, sports and community events delivered right to your inbox! Communities selected through the program can be awarded up to $4.5 million to fund revitalization projects. According to the Burnt Hills Forward website, the application is due in September.The Town of Ballston in looking to revitalize the downtown Burnt Hills commercial corridors. The NY Forward boundary encapsulates Burnt Hills-Ballston Lake High School, the post office., library and Hillside Cemetery. You can view the full map on the Burnt Hills Forward website. Groundbreaking for new Coeymans highway garage To develop the application, the town created a Burnt Hills Forward Committee that includes business, educ...