| Address:
|
2100, 222 - 3RD AVENUE SW
|
| City: |
CALGARY |
|
State: |
|
|
Zip Code: |
T2P 0B4 |
| Telephone: |
(403) 233-0224 |
|
Description of Business
|
Primary SIC Code:
1311 |
| (As filed with the SEC)
|
|
|
We are engaged in the development, production and acquisition of, and the
exploration for, oil and natural gas reserves in the provinces of Alberta,
British Columbia, Saskatchewan and Nova Scotia. Our long term goal is to
maximize value creation for the benefit of our Shareholders. Our competitive
position is dependent on our ability to execute our business strategy. We
believe we have the skills and financial capacity to develop our opportunities.
A key factor affecting our finances is commodity prices over which we have no
control.
Over the long term, we target a balance of capital spending that can maintain or
modestly grow production and reserves on a debt adjusted share basis. This will
be achieved through a combination of:
. ... More ... |
| Date |
12-mos
Rolling EPS |
Dividend |
P/E
Ratio |
| 09/2011 | 0.03 | 0.071 | 299.67 | | 06/2011 | 0.53 | 0.072 | 23.74 | | 03/2011 | 0.31 | 0.071 | 44.61 | | 12/2010 | 0.76 | 0.070 | 16.92 | | 06/2010 | 0.79 | NA | 11.59 |
Key Financial Ratios and Statistics |
FYE:
12/31 |
| Profitability |
2010 |
Leverage |
2010 |
| Net Inc/Comm Equity | 0.07 | Total Liab/Total Assets | 0.37 | | Net Inc/Total Assets | 0.05 | Total Liab/Inv Cap | 0.39 | | Net Inc/Inv Cap | 0.05 | Total Liab/Comm Equity | 0.58 | | Pretax Inc/Net Sales | 0.16 | Interest Coverage Ratio | 3.63 | | Net Inc/Net Sales | 0.20 | Curr Debt/Equity | 0.01 | | Cash Flow/Net Sales | 0.54 | LTD/Equity | 0.32 | | SG&A/NetSales | 0.05 | Total Debt/Equity | 0.33 |
| Asset Utilization
|
|
Liquidity |
|
| Net Receivables Turnover | 6.05 | Quick Ratio | 0.69 | | Inventory Turnover | NA | Current Ratio | 0.69 | | Inventory Day Sales | NA | Net Rec/Curr Assets | 0.92 | | Net Sales/Work Cap | -12.31 | Inv/Curr Assets | NA | | Net Sales/PP&E | 0.28 | | |
Income Statement (Millions) |
| |
12/31/2010
|
12/31/2009
|
12/31/2008
|
12/31/2007
|
|
Total Revenues(Net Sales)
|
1,128.13
|
980.64
|
1,432.44
|
1,776.42
|
|
Cost of Goods Sold
|
387.46
|
397.88
|
NA
|
884.46
|
|
Selling & Admin Exps
|
50.89
|
64.99
|
407.39
|
59.78
|
|
Operating Income
|
122.37
|
-121.25
|
-749.18
|
156.49
|
|
Interest Exp
|
70.46
|
80.27
|
62.44
|
85.93
|
|
Pretax Income
|
185.43
|
-58.09
|
265.07
|
203.82
|
|
Other Income
|
66.72
|
-30.29
|
190.04
|
133.26
|
|
Net Income Bef Extraordinary ...
|
NA
|
NA
|
NA
|
NA
|
|
Net Income
|
230.26
|
84.85
|
-562.72
|
473.56
|
|
Assets
|
12/31/2010
|
12/31/2009
|
12/31/2008
|
12/31/2007
|
|
Cash & Short Term Investments
|
2.85
|
NA
|
NA
|
10.25
|
|
Receivables - Total
|
189.62
|
183.31
|
161.82
|
230.45
|
|
Inventories - Total
|
NA
|
NA
|
NA
|
NA
|
|
Total Current Assets
|
206.02
|
197.31
|
262.34
|
240.70
|
|
Net Property, Plant & Equipment
|
4,076.98
|
3,789.37
|
2,045.35
|
4,138.77
|
|
Total Assets
|
5,042.77
|
4,693.60
|
3,067.67
|
5,084.34
|
|
Liabilities
|
|
|
|
|
|
Accounts Payable
|
264.69
|
225.93
|
313.35
|
357.00
|
|
Debt in Current Liabilities
|
31.28
|
186.66
|
2.15
|
NA
|
|
Total Current Liabilities
|
297.64
|
414.32
|
319.75
|
433.98
|
|
Long-Term Debt
|
1,024.37
|
982.43
|
1,308.87
|
1,303.19
|
|
Total Liabilities
|
1,855.79
|
1,898.40
|
1,920.20
|
2,455.85
|
|
Stockholder's Equity
|
|
|
|
|
|
Minority Interest
|
NA
|
NA
|
NA
|
NA
|
|
Preferred Stock
|
NA
|
NA
|
NA
|
NA
|
|
Common Stock
|
3,167.38
|
0.00
|
2,720.96
|
NA
|
|
Retained Earnings
|
0.00
|
-2,144.52
|
-1,588.75
|
-1,719.07
|
|
Treasury Stock
|
NA
|
NA
|
NA
|
NA
|
|
Total Stockholders' Equity
|
3,186.98
|
2,795.20
|
1,147.47
|
2,628.49
|
|
Total Liabilities and Stockholders' Equity
|
5,042.77
|
4,693.60
|
3,067.67
|
5,084.34
|
Cash Flow Summary (Millions) |
|
Categories
|
12/31/2010
|
12/31/2009
|
12/31/2008
|
12/31/2007
|
|
Net Cash Provided by Operating Activities
|
606.00
|
551.35
|
746.71
|
815.87
|
|
Net Cash Provided by Investing Activities
|
-285.62
|
-235.48
|
-357.96
|
-809.21
|
|
Net Cash Provided by Financing Activities
|
-317.52
|
-315.87
|
-390.40
|
-4.61
|
Annual Summary Data (Millions) |
| Year |
Sales |
Net
Income |
EPS |
| 12/2006 | 850.69 | 147.86 | -- | | 12/2007 | 1,776.42 | 473.56 | -- | | 12/2008 | 1,432.44 | -562.72 | -- | | 12/2009 | 980.64 | 84.85 | -- | | 12/2010 | 1,128.13 | 230.26 | 0.76 | | Growth Rates | 7.31 | -- | -- |
| Type |
Date(Q,M) |
No.
Owners |
Shares
Held (000s) |
%
Own |
| Institutional | 12/31/11 | 190 | 88,251 | 24.50 |
|
Report Date :
2/6/2012
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