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Bitcoin's Volatility Spawns New Crypto Balance Sheet Alternative

(Bloomberg) Corporate treasurers fed up with rock-bottom returns on their cash are about to get another pitch from the world of crypto.Circle Internet Financial Ltd., one of the digital-asset firms behind the so-called stablecoin dubbed USDC that is pegged 1-to-1 to the dollar, has cooked up an alternative for the legions too conservative to follow the likes of Elon Musk and Jack Dorsey into Bitcoin. Park your extra cash in USDC and earn as much as 7% annually through high-yield accounts, the marketing says more than 10 times the return on an ultra-safe 1-year Treasury bill.The idea may be appealing to some treasurers who were initially seduced by the big gains in crypto, especially following Bitcoin’s roughly 40% decline since mid-April. Stablecoins such as USDC are gaining increased attention because of their ability to maintain their pegs during the wild crypto price swings, suggesting they could actually serve as a store of value. Even so, not all long-term digital marke ....

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National Fuel Announces New President of Seneca Resources


National Fuel Announces New President of Seneca Resources Company, LLC
National Fuel Gas Company
Williamsville, New York, UNITED STATES
WILLIAMSVILLE, N.Y., May 03, 2021 (GLOBE NEWSWIRE) Today, National Fuel Gas Company (National Fuel or the Company) (NYSE: NFG) announced that Justin I. Loweth has taken responsibility as President of Seneca Resources Company, LLC (Seneca Resources), the Exploration and Production segment of the Company.
Loweth began his career with Seneca Resources as the Director of Strategic Planning and Acquisitions in 2011. He was named Vice President of Finance and Acquisitions a year later and held that position for nearly three years. In 2015, Loweth assumed additional responsibilities, including Oil and Gas Marketing, Accounting, Information Technology, Reservoir Engineering, Corporate Reserves, and Business and Corporate Development. In 2017, he was appointed as Senior Vice President. ....

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NuVista Energy Ltd. Announces Year End 2020 Reserves, Financial and Operating Results


NuVista Energy Ltd. Announces Year End 2020 Reserves, Financial and Operating Results
March 02, 2021 18:46 ET
| Source:
NuVista Energy Ltd.
NuVista Energy Ltd.
CALGARY, Alberta, CANADA
CALGARY, Alberta, March 02, 2021 (GLOBE NEWSWIRE) NuVista Energy Ltd. (“NuVista” or the “Company”) (TSX:NVA) is pleased to announce reserves, financial and operating results for the three months and year ended December 31, 2020, and provide a number of updates which demonstrate continued successful advancement of our Pipestone and Wapiti Montney play development. 2020 was an unprecedented year where the world saw the COVID-19 pandemic deeply affecting all economies and temporarily reducing the demand for oil and natural gas worldwide, and this was compounded by the price pressures of the Saudi-Russian oil price war early in the year. Commodity pricing for WTI oil and NYMEX natural gas was highly volatile and average ....

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