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Running back Jace Clarizio flipped his commitment from his local team, Michigan State, to Alabama. The decision, announced by Clarizio on social media Tuesday, comes after the East Lansing (Mich.) High standout visited head coach Kalen DeBoer's Crimson Tide on Nov. 16. "Great program," Clarizio told On3. "Playing on the biggest level. ... All the people and coaches I met and interacted with were all great people. The atmosphere was crazy." The 5-foot-11, 195-pounder is ranked as the No. 33 running back by On3 and tabbed No. 35 in their industry ranking. In May, he had verbally committed to the Spartans, where his father, Craig Johnson, was a running back and defensive back who was a member of the 1987 Rose Bowl-winning squad under coach George Perles. --Field Level Media
All financial figures are in Canadian dollars unless otherwise noted CALGARY, Alberta, Dec. 04, 2024 (GLOBE NEWSWIRE) -- Gibson Energy Inc. ("Gibson” or the "Company”) is pleased to announce the extension and amendment of a long-term contract at its Gateway Terminal ("Gateway” or the "Terminal”) with an existing customer that refreshes the initial contract term, with further renewal options beyond that date. The extension includes contracting additional loading windows and increasing contracted capacity per loading window, resulting in fixed Gateway revenue from this customer increasing by approximately 40%. Gibson has also sanctioned dredging at Gateway, to be completed in early 2025, which will enable customers to load 10%+ more volume, the maximum allowable in Corpus Christi, directly on Very Large Crude Carriers and Suezmax vessels thereby reducing customer shipping time and cost. "Today's announcement marks a significant milestone for Gibson as we deliver upon our key Gateway acquisition objectives,” said Curtis Philippon, President & Chief Executive Officer. "It is exciting to see our original customers renewing and expanding their position while welcoming new customers at the Terminal, demonstrating the strong demand for Gateway's attractive export capabilities. Customer demand, combined with excellent operational performance and the benefits of capital improvements, including the Cactus II connection and dredging projects, has Gibson on track to achieve our previously provided guidance on EBITDA growth earlier than anticipated. We now expect Gateway to achieve its EBITDA run rate growth target of 15 - 20% by Q4 2025.” Growth Capital Guidance The Company also announced its 2025 growth capital guidance of up to $150 million, including $100 million of growth capital to be deployed predominantly at Gateway, and the remainder focused on other projects at and around other Gibson facilities currently being assessed in a disciplined manner. Gibson would also note that it has completed its assessment of the previously announced Waste-to-Energy Project proposal and has reached a negative final investment decision. Replacement Capital Guidance Gibson's Board of Directors approved the allocation of $60 million of replacement capital expenditures, including $20 million of capital related to turnarounds at both the Moose Jaw facility and select terminal assets. Cost Focus Campaign Gibson has also commenced an ambitious cost focus campaign to decrease costs on a run rate basis by the end of 2025 by greater than $25 million to ensure the Company is efficient and competitive, and well positioned for growth moving forward. To date, approximately $5 million of savings have already been realized. Funding Position With this capital budget, Gibson is fully-funded and expects to remain within its Financial Governing Principles with the benefit of growing stable Infrastructure cash flows in 2025. At the end of the third quarter of 2024, the Company's Net Debt to Adjusted EBITDA ratio ( 1) of 3.2x was just below the midpoint of its 3.0x - 3.5x target range and its Dividend Payout ratio (1) of 65% was below its 70% - 80% target range. "We will remain focused on the disciplined deployment of growth capital in 2025, as well as adhering to our key governing principles and capital allocation philosophy”, said Sean Brown, Senior Vice President and Chief Financial Officer. "We expect to deploy up to $200 million between growth capital and share repurchases. With a growth capital program of $100 to $150 million, anticipated repurchases are between $50 and $100 million in 2025.” About Gibson Gibson is a leading liquids infrastructure company with its principal businesses consisting of the storage, optimization, processing, and gathering of liquids and refined products. Headquartered in Calgary, Alberta, the Company's operations are located across North America, with core terminal assets in Hardisty and Edmonton, Alberta, Ingleside and Wink, Texas, and a facility in Moose Jaw, Saskatchewan. Gibson shares trade under the symbol GEI and are listed on the Toronto Stock Exchange. For more information, visit www.gibsonenergy.com . (1) Net debt to adjusted EBITDA ratio and dividend payout ratio are non-GAAP financial ratios. See the "Specified Financial Measures” section of this release. Forward-Looking Statements Certain statements contained in this press release constitute forward-looking information and statements (collectively, forward-looking statements) including, but not limited to, statements concerning Gibson's expectations of growth capital expenditures and replacement capital expenditures in 2025 and the location and use of such deployment, Gibson's ability to sanction projects that are in support of such expenditures and the timing thereof, Gibson's ability to grow Infrastructure cashflows throughout 2025, adherence to Gibson's current governing principles and capital allocation philosophy, Gibson's share repurchase program and expectation to repurchase shares in 2025, Gibson's expectations regarding the return of capital to shareholders, the timing thereof and conditions upon which Gibson would do so, the forecast operating and financial results of Gibson, where applicable, the resulting commercial capabilities of the dredging project and Cactus II connection project, Gibson's cost reduction capabilities and ability to realize cost reductions and expectations and targets for EBITDA, cash flows, distributable cash flow, debt and Net Debt to Adjusted EBITDA and Dividend Payout ratios. All statements other than statements of historical fact are forward-looking statements. The use of any of the words ''anticipate'', ''plan'', ''contemplate'', ''continue'', ''estimate'', ''expect'', ''intend'', ''propose'', ''might'', ''may'', ''will'', ''shall'', ''project'', ''should'', ''could'', ''would'', ''believe'', ''predict'', ''forecast'', ''pursue'', ''potential'' and ''capable'' and similar expressions are intended to identify forward-looking statements. The forward-looking statements reflect Gibson's beliefs and assumptions with respect to, among other things, future market conditions, the accuracy of financial and operational projections of Gibson, Gibson's future operating and financial results, ability to meet growth capital and replacement capital expenditure targets, continued adherence to Gibson's governing principles and capital allocation philosophy, the ability to place incremental infrastructure projects into service and the timing thereof and the ability to return capital to shareholders and the timing thereof. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements, including, without limitation, risks inherent to Gibson's business generally and risks relating to historical and future financial results as it relates to Gibson's financial condition or results. No assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this press release should not be unduly relied upon. These statements speak only as of the date of this press release. The Company does not undertake any obligations to publicly update or revise any forward-looking statements except as required by securities law. Actual results could differ materially from those anticipated in these forward-looking statements as a result of numerous risks and uncertainties including, but not limited to, the risks and uncertainties described in "Forward-Looking Information” and "Risk Factors” included in the Company's Annual Information Form and Management's Discussion and Analysis ("MD&A”), each dated February 20, 2024 and the Company's MD&A for the three and nine months ended September 30, 2024 and 2023, each as filed on SEDAR+ and available on the Gibson website at www.gibsonenergy.com . Specified Financial Measures This press release refers to certain financial measures that are not determined in accordance with GAAP, including non-GAAP financial measures and non-GAAP financial ratios. Readers are cautioned that non-GAAP financial measures and non-GAAP financial ratios do not have standardized meanings prescribed by GAAP and, therefore, may not be comparable to similar measures presented by other entities. Management considers these to be important supplemental measures of the Company's performance and believes these measures are frequently used by securities analysts, investors and other interested parties in the evaluation of companies in industries with similar capital structures. For further details on these specified financial measures, including relevant reconciliations, see the "Specified Financial Measures" section of the Company's MD&A for the three and nine months ended September 30, 2024 and 2023, which is incorporated by reference herein and is available on Gibson's SEDAR+ profile at www.sedarplus.ca and Gibson's website at www.gibsonenergy.com . a) Adjusted EBITDA Noted below is the reconciliation to the most directly comparable GAAP measures of the Company's segmented and consolidated adjusted EBITDA for the three and nine months ended September 30, 2024, and 2023: b) Distributable Cash Flow The following is a reconciliation of distributable cash flow from operations to its most directly comparable GAAP measure, cash flow from operating activities: c) Dividend Payout Ratio
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NCAA holds end-of-year consumer awareness programme in Port Harcourt
Share this Story : Christmas gift guide with golfers in mind, Callaway tops the list Copy Link Email X Reddit Pinterest LinkedIn Tumblr Breadcrumb Trail Links Gift Guide Holiday Guide Sports Golf Christmas gift guide with golfers in mind, Callaway tops the list Technology and equipment have never been better; there's plenty to choose from. Author of the article: Tim Baines Published Dec 07, 2024 • 5 minute read Join the conversation You can save this article by registering for free here . Or sign-in if you have an account. Xander Schauffele of the United States plays his shot from the 12th tee during the final round of the 2024 PGA Championship at Valhalla Golf Club on May 19, 2024 in Louisville, Kentucky. Photo by Christian Petersen / Getty Images Article content With Christmas fast approaching, finding the perfect gift for the golfer in your life can be exhausting. Article content We apologize, but this video has failed to load. Try refreshing your browser, or tap here to see other videos from our team . Christmas gift guide with golfers in mind, Callaway tops the list Back to video Article content Trying to figure out what to choose from a busy market full of equipment, rangefinders, clothing, shoes, golf balls and everything in between can be mind-numbing, especially if you’re on the outside looking in, not knowing what’s hot and what’s not. The good news: Technology and equipment have never been better; there’s plenty to choose from. Advertisement 2 Story continues below This advertisement has not loaded yet, but your article continues below. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Exclusive articles from Elizabeth Payne, David Pugliese, Andrew Duffy, Bruce Deachman and others. Plus, food reviews and event listings in the weekly newsletter, Ottawa, Out of Office. Unlimited online access to Ottawa Citizen and 15 news sites with one account. Ottawa Citizen ePaper, an electronic replica of the print edition to view on any device, share and comment on. Daily puzzles, including the New York Times Crossword. Support local journalism. SUBSCRIBE TO UNLOCK MORE ARTICLES Subscribe now to read the latest news in your city and across Canada. Exclusive articles from Elizabeth Payne, David Pugliese, Andrew Duffy, Bruce Deachman and others. Plus, food reviews and event listings in the weekly newsletter, Ottawa, Out of Office. Unlimited online access to Ottawa Citizen and 15 news sites with one account. Ottawa Citizen ePaper, an electronic replica of the print edition to view on any device, share and comment on. Daily puzzles, including the New York Times Crossword. Support local journalism. REGISTER / SIGN IN TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors. THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK. Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account Share your thoughts and join the conversation in the comments Enjoy additional articles per month Get email updates from your favourite authors Sign In or Create an Account Email Address Continue or View more offers If you are a Home delivery print subscriber, online access is included in your subscription. Activate your Online Access Now Article content Here are a few ideas. Let’s start with equipment and golf balls. You can’t go wrong with Callaway Golf, long an industry trailblazer. Through its Odyssey brand, Callaway recently launched the Square 2 Square putter, with its zero-torque technology, the hottest trend in putters right now. And they’re selling, a lot. Basically, it helps you aim, sink putts, lower your score. That’s good, right? The company is coming off a huge year for its putters. Thirty-nine players at the Canadian Open were playing a version of the Jailbird putter. Most of them were not on staff; they weren’t being paid to use a Callaway product. They were just swayed by the results of the putters. Callaway is really good with its drivers (Paradym Smoke) and irons (Apex); just ask anybody who’s got them in their golf bag. There are plenty of locations to get them properly fitted, which is always a good idea. “Of course, we’re excited about the Ai 200s, the Ai 300s and the Ti Fusion is amazing,” Callaway Golf Canada’s general manager Bruce Carroll said. “We hadn’t introduced a new Apex iron in three years so we were super excited.” Sports Get the latest sport headlines and breaking news. There was an error, please provide a valid email address. Sign Up By signing up you consent to receive the above newsletter from Postmedia Network Inc. Thanks for signing up! A welcome email is on its way. If you don't see it, please check your junk folder. The next issue of Sports will soon be in your inbox. We encountered an issue signing you up. Please try again Article content Advertisement 3 Story continues below This advertisement has not loaded yet, but your article continues below. Article content It’s been a big year for golf ball sales. With Callaway, there are lots of options, some conventional and others a bit more light-hearted, but still producing those great results. Some of the unique offerings in time for Christmas are Chrome Tour’s Ugly Sweater and the Let the Big Dog Eat balls. There’s also the Holiday Double Dozen. Personally, I like the Chrome Soft Triple Track balls; they really help me dial in with my aim. “We have the highest share we’ve ever had,” Carroll said. “Our golf ball business has become huge; it’s the No. 1 category for Callaway, bigger than our driver, bigger than our irons.” “Our Tour ball won three majors, two of them by Xander Schauffele, one with Yuka Saso.” For more info, check out www.callawaygolf.ca . GETTING A GRIP: Golf club grips are something we take for granted. Getting fitted for nice clubs is a great thing; not taking care of them over the years ... not so much. The rule of thumb is replace the grips every 12-18 months, or every 30-40 rounds. It can make a difference. SuperStroke, considered the No. 1 putter grip, has some terrific options; a few attention-grabbing ones caught my eye. Advertisement 4 Story continues below This advertisement has not loaded yet, but your article continues below. Article content As a bit of a superhero guy, I was drawn to SuperStroke’s partnership with Marvel. The latest release is SuperStroke Zenergy Tour 2.0 grips, inspired by Marvel’s Venom. Previous putter grip collaborations with Marvel have been inspired by Spider-Man, Iron Man, Hulk, Deadpool and Wolverine. For sports fans, there are also NFL, NCAA and MLB putter-grip options. 2UNDR: Looking for the perfect stocking stuffer? A good place to start is 2UNDR ( ca.2undr.com ), an underwear company that has become so much more. Let’s start with the undies that feature technology like the patented Joey Pouch, that “ separates man’s most valuable assets away from the body to reduce unwanted skin-on-skin contact.” Designed in Vancouver, the underwear comes in different collections, including Swing Shift, Sport Shift, Day Shift, Power Shift, Flow Shift and Eco Collection, plus it comes in different lengths. I have a drawer full of them. I love the comfort and I particularly like the ones with the funkier designs. Also in my drawer: The super lightweight Bodhi short, which is featured in 12 colours and has a terrific comfort level on or off the golf course. Advertisement 5 Story continues below This advertisement has not loaded yet, but your article continues below. Article content ON WITH THE SHOE: There are plenty of golf shoes on the market, a lot of them very good options. I found one earlier this year that’s become my go-to: OG Cush by True Linkswear ( truelinkswear.ca ). A press release from True Linkswear says the OG Cush “ marries a barefoot feel with maximum comfort.” After walking around the golf course, that sounds about right. The shoe has a first-of-its-kind zero-drop Wanderlux foam. The zero drop sole means it’s completely level from heel to forefoot with a cushioned foam platform underfoot for a comfortable walk. The boosted Wanderlux cushioning will wear into each golfer’s foot shape over time to create a natural arch that provides more support with each step, from the course to the trail, the streets or the office. True Linkswear also offers plenty of apparel options. HOME ON THE RANGE(FINDER): I’ve gone through a few rangefinders and watches over the years. Earlier this year, I saw an ad for the Shot Scope V5 GPS watch. So, I bought one. Can’t say enough good things about the watch, with automatic performance tracking; a big key was no subscription fees on the Shot Scope mobile app, which gives you plenty of statistics to crunch. Advertisement 6 Story continues below This advertisement has not loaded yet, but your article continues below. Article content The watch has a full-colour daylight readable screen and provides front, middle, and back distances to every green as well as measurements to hazards, layups, and doglegs on 36,000 preloaded courses. A big plus for stats geeks: You can measure shot distances with tracking tags you screw into the top of your club. I like gadgets, so I took it a step further and got my hands on the Pro L2, a hand-held rangefinder. A daptive slope technology adjusts your distance, taking the up-and-down hills into account to allow for better club selection. Advanced features include rapid-fire detection and target-lock vibration. It’s lightweight and, despite my shaky hands, seems to lock into the target quicker than other rangefinders I’ve used. The website is ShotScope.com/ca . Recommended from Editorial Ottawa Senators had no serious talks on Jacob Trouba as search for help continues Brady Tkachuk to New York Rangers rumour is 'Total bulls--t' and 'garbage' Article content Share this article in your social network Share this Story : Christmas gift guide with golfers in mind, Callaway tops the list Copy Link Email X Reddit Pinterest LinkedIn Tumblr Comments You must be logged in to join the discussion or read more comments. Create an Account Sign in Join the Conversation Postmedia is committed to maintaining a lively but civil forum for discussion. Please keep comments relevant and respectful. Comments may take up to an hour to appear on the site. You will receive an email if there is a reply to your comment, an update to a thread you follow or if a user you follow comments. Visit our Community Guidelines for more information. 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