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CDZI

Cadiz

$10.96

-1.835 (-14.35%)

16:13
07/11/19
07/11
16:13
07/11/19
16:13

Cadiz says SB 307 will make water infrastructure solutions 'tougher to achieve'

The California State Assembly considered and passed Senate Bill 307, a measure designed to require additional state review of the Cadiz Water Project. The legislation will now move to Governor's Office for consideration. Governor Gavin Newsom has 12 days to either sign the measure or veto it. Cadiz issued a statement regarding the Assembly vote: "As our Governor has repeatedly emphasized, California continues to suffer from chronic water supply and affordable housing shortages. These problems are not unrelated. Solutions to these two critical problems depend on infrastructure improvements that are opposed at every turn. Bills like SB 307 will make solutions even tougher to achieve. An earlier version of the Cadiz Water Project was approved by the United States Department of the Interior in 2002. A revised Project underwent a decade of additional study, peer review, state environmental impact evaluation, a separate approval by San Bernardino County and was repeatedly validated by the California Courts. SB 307 is based on the false premise that the federal government never reviewed the Project and that CEQA, the County and the Courts were not fair and independent reviewers. Opponents have parlayed their considerable political influence to establish a new state review in a new forum sought by opponents after failing to succeed in all other venues. Joined by dozens of state and local organizations, we have expressed concern because SB 307 encourages infrastructure opponents to politicize project review and singles out one California Company and one project for unique treatment. Consequently, we will urge the Governor to veto SB 307. Should the bill be enacted however, Cadiz will embrace fair, open and transparent review of science. We are abundantly confident the Project is safe and sustainable. We have committed to 50 years of ongoing public scrutiny of the Project and agreed to the County's ongoing review and control of operations. We are also supportive of the announced efforts of Three Valleys Municipal Water District to initiate an inclusive study plan over coming months to further study mountain springs in the Project area. Any application for the finding required by SB 307 as a precondition to wheeling water through the Colorado River Aqueduct will be accompanied by clear and unequivocal data and reports that can withstand critical scrutiny. We will continue to go about our business of efficiently and sustainably farming our land, acting as responsible private stewards of a public resource. The Project will be lawfully progressed under all federal, state and local regulations. More than 10 billion gallons a year are wasted to the atmosphere each year from the Bristol and Cadiz Dry-Lakes. The Project would conserve this water and divert it to 400,000 people a year. More than 63 billion gallons have been irretrievably lost since the Project was first approved. If California is serious about meeting its commitment to provide, clean, reliable and affordable water to all people, of all color in all locations, Cadiz is ready to play its part."

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General news
10-Yr TIPS Auction Coupon Rate data reported »

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10-Yr TIPS Auction Total Amount data reported »

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TELL

Tellurian

$6.99

0.32 (4.80%)

13:05
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Options
Tellurian call volume above normal and directionally bullish »

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Conference/Events
Stephens architecture analysts to hold analyst/industry conference call nosymbol »

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EMR

Emerson

$64.26

-0.4 (-0.62%)

12:55
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Emerson put volume heavy and directionally bearish »

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Treasury $14 B 10-year TIPS preview: the auction outlook is mixed. »

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FB

Facebook

$200.15

-1.82 (-0.90%)

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Instagram hiding 'likes' in more countries to ease pressure, Gadgets says »

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DHR

Danaher

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2.19 (1.57%)

12:40
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Danaher analyst commentary at Piper Jaffray »

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AXP

American Express

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0.975 (0.77%)

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Visa

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Fly Intel: What to watch in credit card space earnings reports »

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AXP

American Express

$128.02

0.975 (0.77%)

V

Visa

$179.16

(0.00%)

MA

MasterCard

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0.49 (0.18%)

UBER

Uber

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0.12 (0.28%)

LYFT

Lyft

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Western Union

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Banco Bilbao

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BUD

AB InBev

$88.73

0.31 (0.35%)

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KKR

$25.38

-0.08 (-0.31%)

12:36
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Periodicals
AB InBev weighs asset sales after calling off Asian IPO, WSJ reports »

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BUD

AB InBev

$88.73

0.31 (0.35%)

KKR

KKR

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ESV

Ensco Rowan

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-0.16 (-2.03%)

12:35
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Options
Ensco put volume heavy and directionally bearish »

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CHS

Chico's

$3.29

-0.13 (-3.80%)

12:34
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Hot Stocks
Chico's FAS initiates Fort Myers lockdown after call over active shooter threat »

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CPE

Callon Petroleum

$4.87

-0.35 (-6.71%)

12:33
07/18/19
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12:33
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Conference/Events
Callon Petroleum management to meet with JPMorgan »

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BUD

AB InBev

$88.64

0.22 (0.25%)

12:29
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07/18
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Hot Stocks
Breaking Hot Stocks news story on AB InBev »

AB InBev up 1% to $89.30…

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BUD

AB InBev

$88.64

0.22 (0.25%)

12:29
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Periodicals
Breaking Periodicals news story on AB InBev »

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UAL

United Continental

$94.94

0.11 (0.12%)

, BA

Boeing

$363.48

-5.97 (-1.62%)

12:28
07/18/19
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Hot Stocks
United to resume service between New York/Newark and Delhi and Mumbai »

United Airlines (UAL)…

UAL

United Continental

$94.94

0.11 (0.12%)

BA

Boeing

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-5.97 (-1.62%)

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12:25
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Conference/Events
William Blair enterprise & cloud infrastructure analyst to hold a group luncheon »

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BA

Boeing

$363.39

-6.06 (-1.64%)

12:24
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Periodicals
Some Boeing planes may be prone to cell phone interference, Bloomberg says »

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MBUU

Malibu Boats

$35.98

-0.7 (-1.91%)

12:23
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Malibu Boats licenses wakesurfing patent portfolio to Sanger Boats »

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SBPH

Spring Bank Pharmaceuticals

$5.59

0.48 (9.39%)

, ARWR

Arrowhead

$29.53

0.99 (3.47%)

12:22
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Recommendations
Spring Bank Pharmaceuticals, Arrowhead, Johnson & Johnson, Gilead analyst commentary at Piper Jaffray »

Spring Bank research…

SBPH

Spring Bank Pharmaceuticals

$5.59

0.48 (9.39%)

ARWR

Arrowhead

$29.53

0.99 (3.47%)

JNJ

Johnson & Johnson

$131.79

-0.03 (-0.02%)

GILD

Gilead

$66.86

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AKZOY

AkzoNobel

$0.00

(0.00%)

, PPG

PPG

$116.71

0.105 (0.09%)

12:19
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Periodicals
Axalta has drawn interest from suitors, wants deal by fall, Bloomberg reports »

Axalta Coating Systems…

AKZOY

AkzoNobel

$0.00

(0.00%)

PPG

PPG

$116.71

0.105 (0.09%)

AXTA

Axalta Coating

$30.40

0.18 (0.60%)

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

12:17
07/18/19
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12:17
Technical Analysis
NASDAQ market internals summary »

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$NYE

NYSE Market Internals

$0.00

(0.00%)

12:16
07/18/19
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NYSE market internals summary »

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PPG

PPG

$116.73

0.125 (0.11%)

, AKZOY

AkzoNobel

$0.00

(0.00%)

12:15
07/18/19
07/18
12:15
07/18/19
12:15
Periodicals
Breaking Periodicals news story on PPG, AkzoNobel, Axalta Coating »

Axalta has drawn interest…

PPG

PPG

$116.73

0.125 (0.11%)

AKZOY

AkzoNobel

$0.00

(0.00%)

AXTA

Axalta Coating

$30.40

0.18 (0.60%)

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S

Sprint

$6.84

-0.26 (-3.66%)

12:15
07/18/19
07/18
12:15
07/18/19
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Options
Sprint put volume heavy and directionally bearish »

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