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Sunday, September 21, 2014

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Hard Times for Oysters in the Gulf of Mexico

Hard Times for Oysters in the Gulf of Mexico

AP (Aug. 11, 2014) Public oyster beds in the Gulf of Mexico are producing less than a third of the shellfish than before oil spewed from a BP well in 2010. But whether the spill is a cause is still under review by the Natural Resource Damage Assessment. (Aug. 11) Video provided by AP
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Raw: NASA Satellites Show Hurricane Iselle

Raw: NASA Satellites Show Hurricane Iselle

AP (Aug. 8, 2014) NASA satellites show weakening Hurricane Iselle with category two hurricane Julio behind it. The first storm came ashore in Hawaii early Friday as a weakened tropical storm, while strengthening Julio is set to pass north of the islands. (Aug. 8) Video provided by AP
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Hawaii Officials Prepare for Hurricane Iselle

Hawaii Officials Prepare for Hurricane Iselle

AP (Aug. 7, 2014) Officials and residents in Hawaii prepare for impact by Hurricane Iselle, expected to arrive on the Big Islands Thursday evening. (Aug. 7) Video provided by AP
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Gas Natural Sale Sidelined Until CEO Lawsuit Resolved

Gas Natural Sale Sidelined Until CEO Lawsuit Resolved

TheStreet (July 11, 2014) Gas Natural, the Ohio-based company mired in scandal, was recently talking to prospective buyers about a sale, but talks came to a screeching halt when former CEO Richard Osborne filed a lawsuit against the company. The scandal started back in November when Ohio regulators ordered an investigation into Gas Natural. In May, the company announced that Osborne would be retiring and his son would take the reins. Late last month, Osborne Senior struck back, filing a lawsuit against the company. The suit has forced Gas Natural to put the sale on the back burner, but sources say that as soon as the matter is settled, the company will once again be on the prowl for a buyer. Even with the controversy surrounding the company, there will be no shortage of buyers as there is an intense level of interest in the gas local distribution space. Similar companies that have recently traded hands have fetched rich ebitda multiples of 10.5 times. With about $20 million in ebitda last year, Gas Natural could easily fetch north of $200 million in a sale. Video provided by TheStreet
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last updated on 2014-09-21 at 2:04 am EDT

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