| Address:
|
801 CHERRY STREET
SUITE 3700, UNIT 19 |
| City: |
FORT WORTH |
|
State: |
TX |
|
Zip Code: |
76102 |
| Telephone: |
817-665-5000 |
|
Description of Business
|
Primary SIC Code:
1311 |
| (As filed with the SEC)
|
|
|
We are a Fort Worth-based independent oil and gas company engaged primarily in
the acquisition, exploration, development, exploitation and production of
natural gas, NGLs and oil onshore in North America. We focus primarily on
unconventional reservoirs where hydrocarbons may be found in challenging
geological conditions such as fractured shales, coal beds and tight sands. We
own producing oil and natural gas properties in the U.S., principally in Texas,
Colorado, Wyoming and Montana, and in Canada in Alberta and British Columbia. We
have total proved reserves of more than 2.9 Tcfe at December 31, 2010. Our
development and production areas include the following regions:
. the Barnett Shale;
. the Cutbank Field in the Southern Alberta Basin, and
. Horseshoe Canyon.
We also have significant exploration activities in North America, most notably
in the following regions:
. ... More ... |
| Date |
12-mos
Rolling EPS |
Dividend |
P/E
Ratio |
| 09/2011 | 2.16 | NA | 3.51 | | 06/2011 | 2.13 | NA | 6.93 | | 03/2011 | 1.98 | NA | 7.23 | | 12/2010 | 2.45 | NA | 6.02 | | 09/2010 | 0.87 | NA | 14.48 | | 06/2010 | 0.74 | NA | 14.86 | | 03/2010 | 0.12 | NA | 117.25 | | 12/2009 | -3.30 | NA | N/E |
Key Financial Ratios and Statistics |
FYE:
12/31 |
| Profitability |
2010 |
Leverage |
2010 |
| Net Inc/Comm Equity | 0.64 | Total Liab/Total Assets | 0.70 | | Net Inc/Total Assets | 0.12 | Total Liab/Inv Cap | 0.84 | | Net Inc/Inv Cap | 0.15 | Total Liab/Comm Equity | 3.63 | | Pretax Inc/Net Sales | 0.75 | Interest Coverage Ratio | 4.70 | | Net Inc/Net Sales | 0.47 | Curr Debt/Equity | 0.14 | | Cash Flow/Net Sales | 0.43 | LTD/Equity | 1.65 | | SG&A/NetSales | 0.13 | Total Debt/Equity | 1.78 |
| Asset Utilization
|
|
Liquidity |
|
| Net Receivables Turnover | 14.61 | Quick Ratio | 0.51 | | Inventory Turnover | NA | Current Ratio | 0.51 | | Inventory Day Sales | NA | Net Rec/Curr Assets | 0.27 | | Net Sales/Work Cap | -4.13 | Inv/Curr Assets | NA | | Net Sales/PP&E | 0.30 | | |
Income Statement (Millions) |
| |
9/30/2011
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
|
Total Revenues(Net Sales)
|
259.89
|
248.45
|
212.19
|
239.90
|
|
Cost of Goods Sold
|
98.74
|
90.77
|
85.31
|
78.95
|
|
Selling & Admin Exps
|
35.49
|
24.30
|
26.13
|
26.88
|
|
Operating Income
|
67.98
|
78.68
|
-0.79
|
538.18
|
|
Interest Exp
|
48.39
|
47.55
|
46.18
|
46.18
|
|
Pretax Income
|
45.10
|
128.10
|
-66.73
|
498.20
|
|
Other Income
|
58.23
|
76.09
|
1.12
|
30.40
|
|
Net Income Bef Extraordinary ...
|
NA
|
NA
|
NA
|
NA
|
|
Net Income
|
28.69
|
108.59
|
-70.76
|
318.28
|
|
Assets
|
9/30/2011
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
|
Cash & Short Term Investments
|
6.60
|
0.00
|
0.00
|
54.94
|
|
Receivables - Total
|
61.27
|
72.04
|
76.69
|
63.38
|
|
Inventories - Total
|
NA
|
NA
|
NA
|
NA
|
|
Total Current Assets
|
217.66
|
165.58
|
166.11
|
238.17
|
|
Net Property, Plant & Equipment
|
3,376.81
|
3,319.48
|
3,210.41
|
3,095.02
|
|
Total Assets
|
3,763.47
|
3,589.18
|
3,509.95
|
3,512.33
|
|
Liabilities
|
|
|
|
|
|
Accounts Payable
|
264.63
|
261.38
|
266.62
|
319.62
|
|
Debt in Current Liabilities
|
151.01
|
149.71
|
147.36
|
143.48
|
|
Total Current Liabilities
|
415.64
|
411.09
|
413.98
|
463.10
|
|
Long-Term Debt
|
1,930.53
|
1,834.37
|
1,880.77
|
1,746.72
|
|
Total Liabilities
|
2,645.68
|
2,509.04
|
2,541.66
|
2,452.93
|
|
Stockholder's Equity
|
|
|
|
|
|
Minority Interest
|
NA
|
NA
|
NA
|
0.00
|
|
Preferred Stock
|
0.00
|
0.00
|
0.00
|
0.00
|
|
Common Stock
|
1.77
|
1.77
|
1.77
|
1.76
|
|
Retained Earnings
|
320.60
|
291.91
|
183.33
|
254.08
|
|
Treasury Stock
|
-46.33
|
-46.29
|
-46.28
|
-41.49
|
|
Total Stockholders' Equity
|
1,117.79
|
1,080.15
|
968.29
|
1,059.41
|
|
Total Liabilities and Stockholders' Equity
|
3,763.47
|
3,589.18
|
3,509.95
|
3,512.33
|
Cash Flow Summary (Millions) |
|
Categories
|
9/30/2011
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
|
Net Cash Provided by Operating Activities
|
51.31
|
111.64
|
11.71
|
50.33
|
|
Net Cash Provided by Investing Activities
|
-142.83
|
-64.27
|
-194.34
|
519.64
|
|
Net Cash Provided by Financing Activities
|
96.46
|
-46.32
|
128.41
|
-529.22
|
Annual Summary Data (Millions) |
| Year |
Sales |
Net
Income |
EPS |
| 12/2006 | 390.36 | 93.72 | 0.57 | | 12/2007 | 561.26 | 479.38 | 1.43 | | 12/2008 | 800.64 | -373.62 | -2.31 | | 12/2009 | 832.74 | -557.47 | -3.30 | | 12/2010 | 928.33 | 435.07 | 2.45 | | Growth Rates | 24.18 | -- | -- |
| Type |
Date(Q,M) |
No.
Owners |
Shares
Held (000s) |
%
Own |
| Institutional | 12/31/11 | 191 | 136,794 | 79.83 |
|
Report Date :
2/6/2012
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