RALEIGH, NC – OCTOBER 31: A general view of the Clemson Tigers versus North Carolina State Wolfpack during their game at Carter-Finley Stadium on October 31, 2015 in Raleigh, North Carolina. (Photo by Streeter Lecka/Getty Images)Two major Week 3 college football games have now been cancelled in anticipation of the incoming Hurricane Florence. Both of these games include ACC teams.North Carolina announced earlier today that its game against UCF is being cancelled. The Tar Heels say it’s unlikely the game will be rescheduled.N.C. State has also now announced that its game against West Virginia is being cancelled.“Due to the increasing likelihood of severe and unsafe conditions associated with Hurricane Florence, our game with West Virginia will not be played this weekend,” NC State announced.Due to the increasing likelihood of severe and unsafe conditions associated with Hurricane Florence, our game with @WVUfootball will not be played this weekend.https://t.co/An5ShiiLDt— NC State Football (@PackFootball) September 11, 2018From NC State:Emergency management resources are expected to be fully utilized and needed throughout the region, and today’s decision will help give ample time to deploy those resources across the state.NC State has worked in partnership with University leadership, West Virginia University officials, the Atlantic Coast Conference and emergency management personnel to arrive at a decision in the best interests of the safety and well-being of fans, student-athletes and all parties involved.Should this game be rescheduled or a replacement home game be scheduled, tickets for the West Virginia game will be valid. If this game or a replacement home game is not viable, a refund will be offered to season ticket holders. Details will be communicated at a later date.Stay tuned for more details.
CALGARY — Three Canadian oil and gas firms say they’ll be reining in spending next year in the face of free-falling oil prices.Shares in Penn West Petroleum Ltd. (TSX:PWT), Husky Energy Inc. (TSX:HSE) and MEG Energy Corp. (TSX:MEG) were all significantly higher on the Toronto Stock Exchange on Wednesday after they announced tighter capital budgets for 2015. The sector as a whole was up about seven per cent.Penn West aims to spend $625 million next year, down by about a quarter from what it predicted a month ago and from what it estimates to have spent in 2014.The company has cut its outlook for the price it gets for light, sweet crude in Alberta by the same amount to an average of $65 a barrel next year.Beginning in the first quarter of next year, Penn West is slashing its quarterly dividend to three cents per share from 14 cents. It’s also suspending its dividend reinvestment program “until further notice.”Profitability is more important than increasing production, with oil prices falling by about half over the past six months, said CEO Dave Roberts.“We have the advantage of being able to adjust our spending profile across a diverse portfolio of assets to maximize our returns and focus on higher cash returning assets in such a commodity price environment,” he said.“In addition, we have a number of other means available to protect our long-term sustainability in the event that low commodity prices persist. Our resources are secure, operational performance demonstrated, our future intact.”Penn West shares were up nearly 10% in early afternoon trading at $2.58.Meanwhile, Husky has set a 2015 capital budget of $3.4 billion, down by a third from 2014 as spending wraps up on two flagship projects: the offshore Liwan gas platform in the South China Sea and the first phase of the Sunrise oilsands development, part of a joint venture with BP.Why Talisman Energy is the first victim of the oil price slump — but not the lastLow oil prices, domestic politics put Petronas’s B.C. LNG project at risk“We continue to steer a steady ship through stormy waters,” said CEO Asim Ghosh. “Our strong financial position and resilient portfolio are helping weatherproof our business against current market conditions.”Next year’s spending at Husky is in line with what CIBC World Markets analyst Arthur Grayfer had been expecting, given weak commodity prices.“Guidance looks to allow the company to live within its means and maintain a strong balance sheet and the dividend,” he wrote in a note to clients.Shares in Husky surged about eight per cent to $25.30.In a sign of how quickly the outlook for crude markets has unravelled, MEG Energy is slashing its 2015 budget by three quarters from what it estimated only two weeks ago. It now expects to spend just $305 million, down from $1.2 billion.“The revision of our 2015 capital investment plan is in response to the continuing deterioration of global crude oil markets,” said CEO Bill McCaffrey.Although MEG’s projects are economically viable, McCaffrey said “we believe it is prudent to reduce capital spending until we see a sustained improvement in commodity prices.”Opportunities to expand output from existing developments, rather than build new ones from scratch, give MEG the flexibility to increase spending at a “measured pace under the right market conditions.”MEG shares soared by about 25% to trade at $18.79.
Want the best of The Telegraph direct to your email and WhatsApp? Sign up to our free twice-daily Front Page newsletter and new audio briefings. “The fact that we humans who are ourselves mere collections of fundamental particles of nature have been able to come so close to understanding the laws that are governing us and our universe is a great achievement.” Earlier this year Professor Hawking helped unveil the Virgin’s Galactic SpaceShipTwo, saying at the launch: “I have had ALS for over 50 years now and, while I have no fear of adventure, others do not always take the same view. If I am able to go – and if Richard will still take me, I would be very proud to fly on this spaceship.”In Oxford this week he described the current day to be a “glorious time to be alive and doing research in theoretical physics.”Our picture of the universe has changed a great deal in the last 50 years and I am happy if I have made a small contribution. Professor Stephen Hawking has warned that mankind will not survive another millenia unless it makes a home beyond Earth’s atmosphere.The celebrated physicist was addressing a lecture audience at the Oxford Union debating society on Monday evening when he gave the stark warning.”Most recent advances in cosmology have been achieved from space where there are uninterrupted views of our Universe,” he said “but we must also continue to go into space for the future of humanity.”I don’t think we will survive another 1,000 years without escaping our fragile planet. “I therefore want to encourage public interest in space, and I have been getting my training in early.” Show more Concluding, he told the audience: “Remember to look up to the stars and not down at your feet.”Try to make sense of what you see and wonder about what makes the universe exist.”Be curious and however life may seem there’s always something you can do and succeed at – it matters that you don’t just give up.”