Lake Como

Letter to Stockholders Issued by Diamondback Energy, Inc.

Retrieved on: 
Monday, November 6, 2023
Knowledge, Acceleration, JV, Insurance, Sale, Policy, Security (finance), BOE, Public Sector Net Cash Requirement, Water, NGL, G&A, Viperidae, CFPS, GAAP, Acquisition, MBO, Atlas, GRP, Letter, Growth, Transport, EPS, Lake Como, LOE, Deep Blue, Firebird, Net asset value, FCF, WTI, Philosophy, Energy Independence and Security Act of 2007, Bank, Oil, Pharmaceutical industry, Airline, Holding company, Diamondback, Diamondback Energy

Please see the information regarding forward-looking statements and non-GAAP financial information included at the end of this letter.

Key Points: 
  • Please see the information regarding forward-looking statements and non-GAAP financial information included at the end of this letter.
  • In summary, Diamondback continues to execute on our business plan with our best-in-class cost structure and strong balance sheet.
  • This JV, of which Diamondback retained 30% ownership, creates the largest independent water business in the Midland Basin and brought in proceeds of ~$500 million to Diamondback.
  • Important information regarding forward-looking statements is included in our earnings release furnished to the SEC simultaneously with this letter.

IFAD President at UNGA: "The climate crisis hinders efforts to eradicate hunger and poverty"

Retrieved on: 
Monday, September 18, 2023
Pressure, Poverty, Food, United Nations, Diet, International Fund for Agricultural Development, Overalls, Sustainable Development Goal 1, Woman, Multimedia, United Nations General Assembly, Disaster, Climate change, UN, Sustainable Development Goals, Hunger, G20, Weather, Thermal expansion, UNGA, Corruption, Sustainable development, Water resources, Lake Como, Renewable energy, Agriculture

Alvaro Lario, President of the UN's International Fund for Agricultural Development (IFAD), warns of the dire and irreversible effects that the climate crisis will have on hunger and poverty if we don't act now.

Key Points: 
  • Alvaro Lario, President of the UN's International Fund for Agricultural Development (IFAD), warns of the dire and irreversible effects that the climate crisis will have on hunger and poverty if we don't act now.
  • "The climate crisis hinders our efforts to eradicate hunger and poverty.
  • The growing global population is dependent on a diet that places significant pressure on increasingly scarce land and water resources.
  • This exacerbates inequalities and social unrest," said the President of the only UN development agency that focuses exclusively on rural areas.

Letter to Stockholders Issued by Diamondback Energy, Inc.

Retrieved on: 
Monday, July 31, 2023
Permian, Insurance, LOE, Public Sector Net Cash Requirement, Share repurchase, Energy Independence and Security Act of 2007, Diamondback, Policy, MBO, G&A, NGL, GAAP, Steel, Recycling, Sale, Philosophy, Acquisition, Investment, FCF, Operation Active Endeavour, WTI, Our Boarding House, Growth, Security (finance), BOE, Letter, Lake Como, Sand, Oil, Reinsurance, Airline, Bank, Diamondback Energy

Please see the information regarding forward-looking statements and non-GAAP financial information included at the end of this letter.

Key Points: 
  • Please see the information regarding forward-looking statements and non-GAAP financial information included at the end of this letter.
  • Diamondback continued to execute and exceed expectations in the second quarter, with both oil and total production above the high end of our second quarter guidance ranges.
  • Oil realizations increased quarter over quarter to 97% of West Texas Intermediate ("WTI") pricing for the quarter.
  • Important information regarding forward-looking statements is included in our earnings release furnished to the SEC simultaneously with this letter.

G20 Agriculture Ministers Meeting: IFAD President Alvaro Lario advocates for increased investment in rural transformation, reaffirms partnership with India

Retrieved on: 
Saturday, June 17, 2023
Poverty, United Nations, Food, Farmer, International Fund for Agricultural Development, Agriculture, Multimedia, Climate change, Investment, Developed country, G20, Thermal expansion, Fund, Hunger, Food security, Lake Como, Renewable energy, G7

ROME and HYDERABAD, India, June 17, 2023 /PRNewswire/ -- Alvaro Lario, President of the International Fund for Agricultural Development (IFAD), made a strong pitch for increased investment in small-scale farmers and rural communities at the G20 Agriculture Ministers' meeting in Hyderabad, India, from 15-17 June.

Key Points: 
  • ROME and HYDERABAD, India, June 17, 2023 /PRNewswire/ -- Alvaro Lario, President of the International Fund for Agricultural Development (IFAD), made a strong pitch for increased investment in small-scale farmers and rural communities at the G20 Agriculture Ministers' meeting in Hyderabad, India, from 15-17 June.
  • Lario shared IFAD's vision for development with G20 leaders and argued that investing in rural communities is the most cost-effective way to improve global food security and support stability.
  • "Despite the fact that the multiple crises are staling global progress on eradicating poverty and hunger, we can still achieve our goals," said Lario.
  • Between 2019 and 2021, IFAD investments raised the incomes of 77.4 million rural people while improving food security for 57 million people.

Letter to Stockholders Issued by Diamondback Energy, Inc.

Retrieved on: 
Monday, May 1, 2023
Communication, Share repurchase, Energy Independence and Security Act of 2007, Diamondback, MBO, GAAP, Steel, Sale, Projection, Grey, Silicon, EBITDA, Acquisition, WTI, Security (finance), Transport, Free cash flow, Letter, Lake Como, Sand, Coal, Bank, Diamondback Energy

Instead of beginning tomorrow morning’s earnings call with prepared remarks, we will instead move straight to Q&A.

Key Points: 
  • Instead of beginning tomorrow morning’s earnings call with prepared remarks, we will instead move straight to Q&A.
  • Please see the information regarding forward-looking statements and non-GAAP financial information included at the end of this letter.
  • Diamondback continued to execute in the first quarter, with oil production near the high end of our first quarter guidance and total production above the high end of our guidance.
  • Important information regarding forward-looking statements is included in our earnings release furnished to the SEC simultaneously with this letter.

Urgent investment in rural areas is needed to safeguard global food security says UN's IFAD

Retrieved on: 
Tuesday, April 25, 2023
Poverty, Food, International Fund for Agricultural Development, Instability, Farmer, Agriculture, Congress, Developed country, UN, Global Citizen, Thermal expansion, Hunger, Lake Como

"About 3 billion people live in the rural areas of developing countries and rely to a significant extent on small-scale farming for their food and livelihoods," said Lario.

Key Points: 
  • "About 3 billion people live in the rural areas of developing countries and rely to a significant extent on small-scale farming for their food and livelihoods," said Lario.
  • Continuing to neglect rural people will increase poverty, hunger, migration, and make conflict and instability more likely.
  • IFAD is the UN's only specialized agency exclusively focused on rural development and boosting rural economies.
  • Today's food crisis results from the convergence of multiple crises, many linked to the war in Ukraine and the global pandemic.

Extraordinary times call for extraordinary investments in long-term rural development and food sovereignty says UN leader ahead of Davos

Retrieved on: 
Friday, January 13, 2023
Famine, ODA, Climate change, International Fund for Agricultural Development, Weather, UN, Lake Como, Hunger, Agriculture, Farmer, Poverty, COVID19, United Nations, Thermal expansion, US, Investment, Food security, Renewable energy

Extraordinary times call for extraordinary measures," said Lario.

Key Points: 
  • Extraordinary times call for extraordinary measures," said Lario.
  • At Davos, Lario will be calling for a massive scale-up of investments in agriculture, and long-term rural development from governments, investors and companies with the view to ensure food sovereignty, an issue that has become critical for developing countries.
  • At least an additional US$30 billion per year in investments are needed according to pre-COVID19 estimates, now the costs are even higher.
  • IFAD is an international financial institution and a United Nations specialized agency based in Rome – the United Nations food and agriculture hub.

Diamondback Energy, Inc. Announces Northern Midland Basin Acquisition

Retrieved on: 
Wednesday, November 16, 2022
Permian, COVID-19, Environment, LLP, EBITDA, Diamondback Energy, Hand, Kirkland & Ellis, Form 10-K, Risk, Acquisition, FANG, Vinson & Elkins, Jefferies Group, NAV, Security (finance), Firebird, DUCS, Lake Como, Failure, Oil, Financial adviser, Bank, Diamondback

Lario is an attractive bolt-on to our existing Martin County position, home to some of the best rock in the Permian Basin, stated Travis Stice, Chairman and Chief Executive Officer of Diamondback.

Key Points: 
  • Lario is an attractive bolt-on to our existing Martin County position, home to some of the best rock in the Permian Basin, stated Travis Stice, Chairman and Chief Executive Officer of Diamondback.
  • This is a deal that checks all the boxes Diamondback looks for in an acquisition, as it brings over 150 gross locations in the core of the Northern Midland Basin and also provides immediate accretion to all relevant financial metrics, enhancing Diamondbacks overall value proposition to our stockholders.
  • Jefferies LLC is serving as financial advisor to Diamondback and Kirkland & Ellis LLP is serving as legal advisor to Diamondback.
  • Diamondback is an independent oil and natural gas company headquartered in Midland, Texas focused on the acquisition, development, exploration and exploitation of unconventional, onshore oil and natural gas reserves in the Permian Basin in West Texas.

Corrigendum (credit rating AA+) - Alvaro Lario, global finance executive, takes helm at UN's International Fund for Agricultural Development

Retrieved on: 
Saturday, October 1, 2022
AA, Fund, World Bank, Weather, UN, International Fund for Agricultural Development, Thermal expansion, Farmer, Face, Economics, Industry, Climate change, Complutense University of Madrid, Hunger, Investment, IFAD, Private sector, International Finance Corporation, Doctor of Philosophy, US, Food security, Princeton University, Food, Lake Como, Poverty, Renewable energy, Fitch

"Our mission has never been more urgent as food insecurity, climate change and conflict threaten the lives and livelihoods of the world's rural poor," he said.

Key Points: 
  • "Our mission has never been more urgent as food insecurity, climate change and conflict threaten the lives and livelihoods of the world's rural poor," he said.
  • "But our power to shape the future has never been greater, if we muster the commitment and resources to make lasting change."
  • This will be done in part by driving forward climate change adaptation as a priority for the Fund.
  • In 2020, under Lario's stewardship, IFAD became the first UN fund to receive a public credit rating.

Alvaro Lario, global finance executive, takes helm at UN's International Fund for Agricultural Development

Retrieved on: 
Friday, September 30, 2022
Fund, World Bank, Weather, UN, International Fund for Agricultural Development, Thermal expansion, Farmer, Face, Economics, Industry, Climate change, Complutense University of Madrid, Hunger, IFAD, Private sector, International Finance Corporation, Doctor of Philosophy, US, Food security, Princeton University, Food, Lake Como, Poverty, Renewable energy, Fitch

ROME, Sept. 30, 2022 /PRNewswire/ -- Development finance leader Alvaro Lario takes the helm of the UN's International Fund for Agricultural Development on Saturday with an urgent mission to battle poverty and hunger among the world's rural poor as they face existential threats of climate change and food insecurity.

Key Points: 
  • ROME, Sept. 30, 2022 /PRNewswire/ -- Development finance leader Alvaro Lario takes the helm of the UN's International Fund for Agricultural Development on Saturday with an urgent mission to battle poverty and hunger among the world's rural poor as they face existential threats of climate change and food insecurity.
  • "Our mission has never been more urgent as food insecurity, climate change and conflict threaten the lives and livelihoods of the world's rural poor," he said.
  • This will be done in part by driving forward climate change adaptation as a priority for the Fund.
  • Previous to the Fund, he worked formore than six years in the International Finance Corporation of the World Bank group, and also in various roles in the private sector asset management industry and academia.