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School resource officers eliminated from city schools after approval of budget Tuesday

, Rochester Democrat and Chronicle
Published 5:11 p.m. ET June 17, 2020

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Local activists say that the removal of police officers from city schools is a major milestone, but the work toward racial equity in schools is far from over.

As part of the approval of the city budget Tuesday evening, all 12 Rochester police officers (known as school resource officers) designated to work within city schools were eliminated as part of an amended city budget, ultimately removing the officers from posts within the City School District for the 2020-21 school year.

“In such a pivotal moment in our history, community members of Rochester can now stand ahead of the country and say that ‘yes, schools without criminalizing our black and brown children is absolutely possible,” said Iman Abid of the New York state Genesee Valley Civil Liberties Union.

Community activists, students, parents and teachers have been arguing against the placement of armed officers in city schools. Their presence, the group said, did not make many students feel secure or safe, but instead criminalized the teens and perpetuated the so-called ‘school-to-prison pipeline’.

Calls for the removal of police from schools escalated in the past month during protests over the police killing of George Floyd  in Minneapolis and a surge in the Black Lives Matter movement throughout the nation.

More: Current city budget proposal would remove police from RCSD schools

“It’s such a relief”

“This is just like a weight has been lifted off of my shoulders,” said Sarah Adams, an 8th grader at East High School and member of the Teen Activist Project. “It’s such a relief.”

Adams said she felt that the SRO stationed at East High never took the time to build relationships with students, but was on hand for disciplinary measures.

“He was just there, staring kids down with his handcuffs and gun on his hip,” she said. “He sometimes gave us a friendly smile or wave, but to truly be there, to protect us, I needed to trust him.” 

And Adams, like many students, did not.

Eamonn Scanlon, educational policy manager for The Children’s Agenda, said the vote “is the culmination of years of work and struggle” to remove barriers of institutional and individual racism for city students.

“Police never should have been allowed in our schools, but it happened,” said community activist Stevie Vargas. Stevie Vargas, who is part of the Community Task Force Coalition.

Moving forward, Vargas said, the group wants to make sure that the eliminated officers are not simply replaced by school safety officers, or sentries, who are employed by the district and are not law enforcement officials. Instead, any saved spending should be directed toward other resources for students such as guidance counselors, social workers and mental health professionals.

Contact Victoria Freile at vfreile@gannett.com. Follow her on Twitter @vfreile and Instagram @vfreile. This coverage is only possible with support from our readers. Sign up today for a digital subscription.

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Resource Vertex

Vertex Resource Group Ltd. Updates Release Dates for its Q1 2020 and Fiscal 2019 Financial Results

SHERWOOD PARK, AB, May 29, 2020 /CNW/ – (TSXV: VTX) – Vertex Resource Group Ltd. (“Vertex” or the “Company”) announces that the Company’s Financial Statements and  Management’s Discussion and Analysis for the three months ended March 31, 2020 (collectively, the “Q1 2020 Results”) are estimated to be filed on June 10, 2020.



VERTEX RESOURCE GROUP LTD. UPDATES RELEASE DATES FOR ITS Q1 2020 AND FISCAL 2019 FINANCIAL RESULTS (CNW Group/Vertex Resource Group Ltd.)

The Q1 2020 Results would ordinarily have been filed on or before May 30, 2020 as required under the Canadian Securities Administrators National Instrument 51-102 Continuous Disclosure Obligations.  In order to properly assess the impact of the COVID-19 pandemic on the disclosures contained within the Q1 2020 Results, Vertex has chosen to file in accordance with revised deadlines as permitted by Alberta Securities Commission Blanket Order 51-517 Temporary Exemption from Certain Corporate Finance Requirements, 2020 ABASC 33.

The Company also announces that further to the update provided April 24, 2020, the Company’s Financial Statements,  Management’s Discussion and Analysis, and Annual Information Form for the year ended December 31, 2019 (collectively, the “2019 Results”) are now estimated to be filed by June 9, 2020.

There have been no material business developments specific to the Company since November 12, 2019, the date of the 2019 third quarter interim filings.  However, the COVID-19 pandemic has impacted economic conditions. 

During the extension periods, management, directors, and other insiders of the Company will continue to be subject to an insider trading black-out policy in accordance with the principles of section 9 of National Policy 11-207.

ABOUT VERTEX

Since 1962, Vertex has been a leading North American provider of environmental services. Headquartered in Sherwood Park, Alberta, Vertex employs a staff of approximately 525 employees and lease operators that provide services to help clients achieve their developmental and operational goals. From initial site selection, consultation and regulatory approval, through construction, operation and maintenance, to conclusion and environmental cleanup, Vertex provides a wide array of services to customers operating in industries such as energy, mining, utilities, private development, public infrastructure, construction, telecommunications, forestry, agriculture and government.

Vertex principally operates in western Canada and in select locations in Ontario and the United States.

FORWARD-LOOKING INFORMATION

Certain statements contained in this news release may constitute “forward-looking information”. When used in this document or by any of the Company’s management, the words “may”, “would”, “will”, “intend”, “plan”, “propose”, “anticipate” and “believe” are intended to identify forward-looking information. In particular, but without limiting the foregoing, this document contains forward-looking information and statements pertaining to the release date of the 2019 Results, including the timing thereof.  Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct.  Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties.  Actual results could differ materially from those currently anticipated due to a number of factors and risks, including those related to the COVID-19 pandemic, and the potentially negative effects thereof on the Company’s workforce, its supply chain or demand for its services.  Additional risk factors facing the Company are described in its most recent interim filings for the three and nine month periods ended September 30, 2019, which have been electronically filed under the Company’s SEDAR profile at www.sedar.com.  The Company undertakes no obligation to update these forward-looking statements, other than as required by applicable law. 

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

SOURCE Vertex Resource Group Ltd.

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Centennial Resource

Centennial Resource Development Target of Unusually Large Options Trading (NASDAQ:CDEV)

Centennial Resource Development logoCentennial Resource Development Inc (NASDAQ:CDEV) was the target of unusually large options trading activity on Friday. Investors purchased 2,681 call options on the stock. This is an increase of approximately 380% compared to the average daily volume of 558 call options.

In related news, Director Steven J. Shapiro bought 50,000 shares of Centennial Resource Development stock in a transaction dated Tuesday, March 3rd. The shares were acquired at an average cost of $1.92 per share, with a total value of $96,000.00. Following the completion of the transaction, the director now owns 146,002 shares in the company, valued at approximately $280,323.84. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO George S. Glyphis bought 15,000 shares of Centennial Resource Development stock in a transaction dated Tuesday, March 3rd. The shares were bought at an average cost of $1.91 per share, for a total transaction of $28,650.00. Following the completion of the transaction, the chief financial officer now owns 708,388 shares of the company’s stock, valued at approximately $1,353,021.08. The disclosure for this purchase can be found here. 31.90% of the stock is owned by company insiders.

Hedge funds have recently bought and sold shares of the stock. Cutler Group LP raised its holdings in Centennial Resource Development by 209.1% during the 4th quarter. Cutler Group LP now owns 5,543 shares of the oil and natural gas company’s stock worth $25,000 after buying an additional 3,750 shares during the period. Meeder Asset Management Inc. increased its holdings in Centennial Resource Development by 143.7% in the fourth quarter. Meeder Asset Management Inc. now owns 9,260 shares of the oil and natural gas company’s stock worth $43,000 after buying an additional 5,461 shares during the last quarter. Swiss National Bank increased its holdings in Centennial Resource Development by 1.9% in the fourth quarter. Swiss National Bank now owns 354,400 shares of the oil and natural gas company’s stock worth $1,637,000 after buying an additional 6,700 shares during the last quarter. Victory Capital Management Inc. boosted its position in Centennial Resource Development by 15.0% during the fourth quarter. Victory Capital Management Inc. now owns 56,644 shares of the oil and natural gas company’s stock worth $262,000 after purchasing an additional 7,367 shares during the period. Finally, FNY Investment Advisers LLC bought a new stake in Centennial Resource Development during the fourth quarter worth approximately $40,000.

NASDAQ CDEV opened at $0.62 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.47 and a quick ratio of 0.47. The firm’s fifty day moving average price is $0.53 and its 200 day moving average price is $2.81. The company has a market capitalization of $160.21 million, a price-to-earnings ratio of 10.25 and a beta of 3.26. Centennial Resource Development has a 12 month low of $0.24 and a 12 month high of $10.90.

Centennial Resource Development (NASDAQ:CDEV) last issued its quarterly earnings results on Monday, February 24th. The oil and natural gas company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). Centennial Resource Development had a return on equity of 1.78% and a net margin of 1.67%. The firm had revenue of $256.40 million for the quarter, compared to analysts’ expectations of $243.01 million. During the same quarter last year, the firm earned $0.12 earnings per share. The business’s quarterly revenue was up 15.2% compared to the same quarter last year. As a group, sell-side analysts forecast that Centennial Resource Development will post -0.54 earnings per share for the current year.

Several brokerages recently issued reports on CDEV. Cowen lowered shares of Centennial Resource Development from a “market perform” rating to an “underperform” rating in a report on Wednesday, March 11th. SunTrust Banks downgraded shares of Centennial Resource Development from a “hold” rating to a “sell” rating in a research note on Monday, March 9th. TD Securities lowered their target price on shares of Centennial Resource Development from $5.50 to $3.50 and set a “hold” rating for the company in a research note on Tuesday, February 25th. Zacks Investment Research downgraded shares of Centennial Resource Development from a “buy” rating to a “hold” rating and set a $3.00 price objective for the company. in a research note on Thursday, February 27th. Finally, ValuEngine upgraded shares of Centennial Resource Development from a “strong sell” rating to a “sell” rating in a research note on Friday. Ten equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $4.69.

Centennial Resource Development Company Profile

Centennial Resource Development, Inc, an independent oil and natural gas company, focuses on the development of unconventional oil and associated liquids-rich natural gas reserves in the United States. The company’s assets primarily focus on the Delaware Basin, a sub-basin of the Permian Basin. Its properties consist of acreage blocks primarily in Reeves County in West Texas and Lea County in New Mexico.

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