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Russian giants target Southampton striker Manolo Gabbiadiniby Paul Vegas10 months agoSend to a friendShare the loveSouthampton striker Manolo Gabbiadini is attracting Russian interest for next month.The Mirror says CSKA Moscow and Spartak Moscow have joined the race to sign Southampton forward Gabbiadini.Serie A sides Fiorentina, Bologna and Sampdoria are also after the £14.6m Italian who joined in the 2017 January window and has scored one goal this season.Out of favour under Mark Hughes, it looks like a January departure is likely, despite Ralph Hasenhuttl’s arrival.Gabbiadini’s agent, however, has stated he is happy in England. TagsTransfersAbout the authorPaul VegasShare the loveHave your say read more

CALGARY – Cenovus Energy Inc. (TSX:CVE) says it has reached an agreement to sell its Suffield crude oil and natural gas operations in southern Alberta to International Petroleum Corporation for $512 million in cash.A release from the Calgary-based oilsands company says the sale, which includes Cenovus’ properties on Canadian Forces Base Suffield and the adjacent Alderson property, is expected to close in the fourth quarter, subject to closing conditions.Cenovus says net proceeds from the Suffield sale, as well as those from the sale of its Greater Pelican Lake assets, will be applied to reduce the company’s $3.6 billion asset-sale bridge facility.Cenovus announced earlier this month the sale of its Pelican Lake heavy oil operations in northern Alberta for $975 million in cash to cross-town rival Canadian Natural Resources (TSX:CNQ), with the deal expected to close by the end of September.In late March Cenovus announced the $17.7 billion acquisition of most of the Canadian assets of Houston-based ConocoPhillips, along with a plan to raise $3 billion by issuing new shares and the marketing of its Pelican Lake and Suffield operations. read more

Martin interpreted Parliament’s intent in writing the law as “aimed at concerns about the protection of trustees, not the protection of the full value of the estate for creditors,” Wagner wrote. “I agree with Martin … that there is no basis on which to read the words ‘the trustee is not personally liable’ in s.14.04(4) as encompassing the liability of the bankrupt estate.”Since the case went to court, an estimated 1,800 wells representing more than $100 million in liabilities have been abandoned.A group with the support of thousands of farmers also wanted to see the high court reverse the decision. The Action Surface Rights Association intervened in the case because it believes rights of landowners have been overlooked in the case. OTTAWA, O.N. – The Supreme Court of Canada says the trustee for a bankrupt Alberta energy company cannot simply walk away from unprofitable wells on agricultural land without having to clean up.The high court’s 5-2 ruling comes with a recommendation from Chief Justice Richard Wagner for Parliament to clarify the confusion between the federal bankruptcy law and the regulations provinces rely on to protect the environment.“Bankruptcy is not a licence to ignore rules, and insolvency professionals are bound by and must comply with valid provincial laws during bankruptcy,” Wagner wrote. Thursday’s ruling overturns an Alberta Court of Appeal ruling that upheld a 2016 decision in the Alberta Court of Queen’s Bench that allowed a bankrupt energy company to sever its connection with unprofitable and unreclaimed wells when the company’s assets were sold off to creditors, as if the wells were debts that the company couldn’t cover.The Supreme Court ruled that Redwater Energy Corp.’s bankruptcy trustee, Grant Thornton Ltd., cannot walk away from the company’s obligations to render abandoned wells environmentally safe.When Redwater went bankrupt, Alberta’s provincial energy regulator ordered Grant Thornton to comply with end-of-life requirements to render Redwater’s abandoned properties environmentally safe.The trustee did not comply, and filed its own counterclaim that included a challenge to the regulator’s action, citing the paramountcy of federal bankruptcy law.Alberta’s energy regulator and the Orphan Well Association, an industry-funded group that cleans up wells that have been left unreclaimed, appealed the ruling to the high court.“The end-of-life obligations the Regulator seeks to enforce against Redwater are public duties. Neither the regulator nor the Government of Alberta stands to benefit financially from the enforcement of these obligations,” Wagner wrote. “These public duties are owed, not to a creditor, but, rather, to fellow citizens, and are therefore outside the scope of ‘provable claims’.” The case featured a novel legal twist.The previous Alberta appeal court decision that favoured Redwater and Grant Thornton was not unanimous, one judge dissented, Justice Sheilah Martin.Martin has since been appointed to the Supreme Court. But she did not participate in Thursday’s case.Nonetheless, Martin’s previous ruling guided the Supreme Court’s ruling on how the key section of the federal bankruptcy act, section 14.04(4), ought to be interpreted. read more

India’s middle order conundrum has faced the side over the last 15 months and despite, trying as many as 11 players for the number 4 position, the side is as perplexed as they were before. Now, with the IPL coming up, they have to keep a close watch on the different options and then pick the side accordingly.The experimentations were done keeping the World Cup in mind, but even after constant chopping and changing, the vagaries in the side remain. This has not gone down too well with former Indian batsman Gautam Gambhir who has criticised coach Ravi Shastri and captain Virat Kohli for not identifying a particular player for number 4. Virat Kohli (L) and Ravi Shastri (R)BEN STANSALL/AFP/Getty Images”If you want a settled batting order in the World Cup, then the No. 4 has to be decided beforehand and he should be backed completely,” Gambhir said.Wants Rayudu to be given a longer rope to perform in the role Kohli should have persisted with RayuduPal Pillai/Sportzpics/BCCIAfter backing Ambati Rayudu to assume the role of number 4, the management axed him for the last lap of the home series against India and this has not impressed Gambhir, who believes the right-hander should have been given a longer rope before being shunned.”You have backed others too. You backed MS Dhoni too last year and even Shikhar Dhawan. Ambati Rayudu averages nearly 50 in ODIs, he hasn’t done anything wrong. Failures are part and parcel of the game. You didn’t drop any other player after two or three failures,” he further added.There have been murmurs about Kohli being tried out at number 4, but Gambhir believes that a player should have been identified by now for this role and blames Kohli and Shastri for too much chopping and changing. He wants the management to back a player to the hilt and not clip them away after a brief passage of failure.”No. 4 should have been a settled position by now. Virat Kohli played the 2011 World Cup at No. 4. Whoever the team management decides to back should be backed to the hilt and they should stay patient with him. It is a very important slot and you can’t have a floater at No 4 because the No. 3 and No. 4 makes the core of your middle order,” he added. read more