| Address:
|
1999 BROADWAY
SUITE 3700 |
| City: |
DENVER |
|
State: |
CO |
|
Zip Code: |
80202 |
| Telephone: |
303-999-4400 |
|
Description of Business
|
Primary SIC Code:
1311 |
| (As filed with the SEC)
|
|
|
We are an independent energy company engaged in the production, development,
exploitation and acquisition of crude oil and natural gas. We were incorporated
in Delaware in 1985 and have been a publicly traded company since 1987. We can
trace our roots in California oil production back to 1909. Since 2002, we have
expanded our portfolio of assets through selective acquisitions driven by a
consistent focus on properties with proved reserves and significant growth
potential through low risk development. Our principal reserves and producing
properties are located in California, Texas (E. Texas and the Permian), Utah
(Uinta) and Colorado (Piceance).
We operate in one industry segment, which is the production, development,
exploitation and acquisition of crude oil and natural gas, and all of our
operations are conducted in the United States. Consequently, we currently report
a single industry segment. See Item 8. ... More ... |
| Date |
12-mos
Rolling EPS |
Dividend |
P/E
Ratio |
| 06/2011 | 0.47 | 0.075 | 113.04 | | 03/2011 | 0.20 | 0.075 | 252.25 | | 12/2010 | 1.52 | 0.075 | 28.75 | | 09/2010 | 2.20 | 0.075 | 14.42 | | 06/2010 | 2.67 | 0.075 | 9.63 | | 03/2010 | 0.72 | 0.075 | 39.11 | | 12/2009 | 1.30 | 0.075 | 22.42 | | 09/2009 | 1.07 | 0.075 | 25.03 |
Key Financial Ratios and Statistics |
FYE:
12/31 |
| Profitability |
2010 |
Leverage |
2010 |
| Net Inc/Comm Equity | 0.25 | Total Liab/Total Assets | 0.64 | | Net Inc/Total Assets | 0.03 | Total Liab/Inv Cap | 0.73 | | Net Inc/Inv Cap | 0.03 | Total Liab/Comm Equity | 5.53 | | Pretax Inc/Net Sales | 0.20 | Interest Coverage Ratio | 3.05 | | Net Inc/Net Sales | 0.12 | Curr Debt/Equity | 0.09 | | Cash Flow/Net Sales | 0.53 | LTD/Equity | 1.08 | | SG&A/NetSales | 0.14 | Total Debt/Equity | 1.17 |
| Asset Utilization
|
|
Liquidity |
|
| Net Receivables Turnover | 6.79 | Quick Ratio | 0.53 | | Inventory Turnover | NA | Current Ratio | 0.53 | | Inventory Day Sales | NA | Net Rec/Curr Assets | 0.88 | | Net Sales/Work Cap | -5.47 | Inv/Curr Assets | NA | | Net Sales/PP&E | 0.26 | | |
Income Statement (Millions) |
| |
9/30/2011
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
|
Total Revenues(Net Sales)
|
238.76
|
242.71
|
197.49
|
180.00
|
|
Cost of Goods Sold
|
68.94
|
65.67
|
63.20
|
56.52
|
|
Selling & Admin Exps
|
27.39
|
27.93
|
27.20
|
24.66
|
|
Operating Income
|
87.16
|
96.34
|
54.37
|
47.46
|
|
Interest Exp
|
19.93
|
17.71
|
15.66
|
17.17
|
|
Pretax Income
|
215.45
|
171.24
|
-87.63
|
-31.63
|
|
Other Income
|
148.22
|
92.61
|
-126.34
|
-61.92
|
|
Net Income Bef Extraordinary ...
|
NA
|
NA
|
NA
|
NA
|
|
Net Income
|
134.00
|
105.17
|
-52.50
|
-21.15
|
|
Assets
|
9/30/2011
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
|
Cash & Short Term Investments
|
0.16
|
0.31
|
0.15
|
0.34
|
|
Receivables - Total
|
118.64
|
145.28
|
174.22
|
125.75
|
|
Inventories - Total
|
NA
|
NA
|
NA
|
NA
|
|
Total Current Assets
|
176.15
|
164.56
|
189.26
|
142.87
|
|
Net Property, Plant & Equipment
|
3,076.89
|
2,959.39
|
2,725.57
|
2,655.79
|
|
Total Assets
|
3,319.21
|
3,160.31
|
2,952.13
|
2,838.62
|
|
Liabilities
|
|
|
|
|
|
Accounts Payable
|
216.08
|
168.27
|
186.14
|
180.51
|
|
Debt in Current Liabilities
|
20.94
|
73.13
|
153.22
|
90.15
|
|
Total Current Liabilities
|
237.02
|
241.41
|
339.36
|
270.65
|
|
Long-Term Debt
|
1,336.73
|
1,335.30
|
1,144.62
|
1,108.97
|
|
Total Liabilities
|
2,074.84
|
2,061.13
|
1,967.76
|
1,814.06
|
|
Stockholder's Equity
|
|
|
|
|
|
Minority Interest
|
NA
|
NA
|
NA
|
NA
|
|
Preferred Stock
|
0.00
|
0.00
|
0.00
|
0.00
|
|
Common Stock
|
0.54
|
0.54
|
0.53
|
0.53
|
|
Retained Earnings
|
914.65
|
785.00
|
683.90
|
740.46
|
|
Treasury Stock
|
NA
|
NA
|
NA
|
NA
|
|
Total Stockholders' Equity
|
1,244.37
|
1,099.17
|
984.37
|
1,024.55
|
|
Total Liabilities and Stockholders' Equity
|
3,319.21
|
3,160.31
|
2,952.13
|
2,838.62
|
Cash Flow Summary (Millions) |
|
Categories
|
9/30/2011
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
|
Net Cash Provided by Operating Activities
|
165.37
|
106.09
|
100.43
|
48.72
|
|
Net Cash Provided by Investing Activities
|
-168.27
|
-292.08
|
-143.48
|
-267.00
|
|
Net Cash Provided by Financing Activities
|
2.74
|
186.16
|
42.85
|
218.50
|
Annual Summary Data (Millions) |
| Year |
Sales |
Net
Income |
EPS |
| 12/2006 | 486.34 | 107.94 | 2.41 | | 12/2007 | 583.46 | 129.93 | 2.89 | | 12/2008 | 802.83 | 133.53 | 2.94 | | 12/2009 | 560.23 | 54.03 | 1.30 | | 12/2010 | 698.50 | 82.52 | 1.52 | | Growth Rates | 9.47 | -6.49 | -10.88 |
| Type |
Date(Q,M) |
No.
Owners |
Shares
Held (000s) |
%
Own |
| Institutional | 12/31/11 | 205 | 38,379 | 74.19 |
|
Report Date :
1/30/2012
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