Oil & Gas North America Based on current WTI prices, we anticipate demand for OCTG tubes to remain at a high level. The Group would fully benefit from the full year effect of 2018 price increases, despite some pressure on H1 as a result of the market softness in Q4 2018. The Group should also benefit from increased shipments through debottlenecking.
On March 31, 2017 OTP filed its annual update to the ECR rider requesting a reduction in the rate from 7.904% to 7.633% of base rates, or a revenue requirement reduction from $10.4 million to $9.9 million, effective August 1, 2017. The rate reduction request was primarily due to a reduction in the projects’ unrecovered costs and lower net book values as a result of depreciation. The filing was approved on July 12, 2017.
We may prepay all or any part of the 2026 Notes (in an amount not less than 10% of the aggregate principal amount of the 2026 Notes then outstanding in the case of a partial prepayment) at 100% of the principal amount prepaid, together with unpaid accrued interest and a make-whole amount; provided that if no default or event of default exists under the 2016 Note Purchase Agreement, any optional prepayment made by us of all of the 2026 Notes on or after September 15, 2026 will be made without any make-whole amount. We are required to offer to prepay all of the outstanding 2026 Notes at 100% of the principal amount together with unpaid accrued interest in the event of a Change of Control (as defined in the 2016 Note Purchase Agreement) of the Company. In addition, if we and our Material Subsidiaries sell a ‘substantial part’ of our or their assets and use the proceeds to prepay or retire senior Interest-bearing Debt (as defined in the 2016 Note Purchase Agreement) of the Company and/or a Material Subsidiary in accordance with the terms of the 2016 Note Purchase Agreement, we are required to offer to prepay a Ratable Portion (as defined in the 2016 Note Purchase Agreement) of the 2026 Notes held by each holder of the 2026 Notes.
The worldwide market for Spiral Welded Pipe is expected to grow at a CAGR of roughly xx% over the next five years, will reach xx million US$ in 2023, from xx million US$ in 2017
On February 5, 2018 performance share awards were granted to the Company’s executive officers under the 2014 Incentive Plan for the 2018-2020 performance measurement period. Under the 2018 performance share awards the aggregate award for performance at target is 54,000 shares. For target performance the participants would earn an aggregate of 27,000 common shares for achieving the target set for the Company’s 3-year average adjusted ROE. The participants would also earn an aggregate of 27,000 common shares based on the Company’s total shareholder return relative to the total shareholder return of the companies that comprise the Edison Electric Institute Index over the performance measurement period of January 1, 2018 through December 31, 2020, with the beginning and ending share values based on the average closing price of a share of the Company’s common stock for the 20 trading days immediately following January 1, 2018 and the average closing price for the 20 trading days immediately preceding January 1, 2021. Actual payment may range from zero to 150% of the target amount, or up to 81,000 common shares. There are no voting or dividend rights related to these awards until the shares, if any, are issued at the end of the performance measurement period. The amount of payment in the event of retirement, resignation for good reason or involuntary termination without cause is to be made at the end of the performance period based on actual performance, subject to proration in certain cases, except that the payment of performance awards granted to an officer who is party to an Executive Employment Agreement with the Company is to be made at target at the date of any such event. The vesting of these awards is accelerated and paid at target on the event of a change in control. The terms of these awards are such that the entire award will be classified and accounted for as equity, as required under ASC Topic 718, Compensation—Stock Compensation, and will be measured over the performance period based on the grant-date fair value of the award. The grant-date fair value of each performance share award was determined using a Monte Carlo fair valuation simulation model.
What happened? Yesterday, while you were still finding new ways to eat Thanksgiving leftovers, the…
Grantham’s defenses are complex. When he came to Georgia in 2010, he talked about that. At the time, we all saw that as a good thing. Grantham was coming from the Dallas Cowboys, our defenses in previous years weren’t very good. We thought we needed some NFL philosophy on defense. Grantham also installed the 3-4, moving away from the 4-3 the Bulldogs had used all through Mark Richt’s tenure.
The 2-4-5 makes the most sense via the active depth chart. Interestingly enough, it’s basically a mirror image of the 4-3’s 4-2-5 Nickel.
There will be problems with equipment, but riders can count on public transportation, she said. “People looking for jobs want to know if there is a bus running,” Evans said.
Hopefully now that the rust has been shaken off we’ll see a better performance and overall effort. If we don’t, it’ll be a very short first CCL run.
On November 14, 2017, OTP entered into a Note Purchase Agreement (the 2018 Note Purchase Agreement) with the purchasers named therein, pursuant to which OTP agreed to issue to the purchasers, in a private placement transaction, $100 million aggregate principal amount of OTP’s 4.07% Series 2018A Senior Unsecured Notes due February 7, 2048 (the 2018 Notes). The 2018 Notes were issued on February 7, 2018. Proceeds from the 2018 Notes were used to repay outstanding borrowings under the OTP Credit Agreement.
While McCoy never doubted he would return to the Bucs in 2019 — playing at least one more season in Tampa Bay than Warren Sapp — there has been speculation that the salary cap-strapped team may either opt out of the deal, trade the six-time Pro Bowler or ask him to take a pay cut. None of that will happen, barring something unforeseen.
Ternium S.A. (TX) and Mechel PAO (NYSE:MTL) Comparison side by side | Welded Carbon Steel Pipe Related Video:
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