| Address:
|
1700 BROADWAY, SUITE 2300
|
| City: |
DENVER |
|
State: |
CO |
|
Zip Code: |
80290 |
| Telephone: |
303-837-1661 |
|
Description of Business
|
Primary SIC Code:
1311 |
| (As filed with the SEC)
|
|
|
We are an independent oil and gas company engaged in acquisition, development,
exploitation, production and exploration activities primarily in the Permian
Basin, Rocky Mountains, Mid-Continent, Gulf Coast and Michigan regions of the
United States. We were incorporated in 2003 in connection with our initial
public offering.
Since our inception in 1980, we have built a strong asset base and achieved
steady growth through property acquisitions, development and exploration
activities. As of December 31, 2010, our estimated proved reserves totaled 304.9
MMBOE, representing an 11% increase in our proved reserves since December 31,
2009. Our 2010 average daily production was 64.6 MBOE/d and implies an average
reserve life of approximately 12.9 years. ... More ... |
| Date |
12-mos
Rolling EPS |
Dividend |
P/E
Ratio |
| 09/2011 | 4.17 | NA | 8.41 | | 06/2011 | 2.63 | NA | 21.64 | | 03/2011 | 1.98 | NA | 37.10 | | 12/2010 | 1.27 | NA | 45.96 | | 09/2010 | 1.90 | NA | 25.20 | | 06/2010 | 2.00 | NA | 19.60 | | 03/2010 | 0.01 | NA | 4042.00 | | 12/2009 | -1.18 | NA | N/E |
Key Financial Ratios and Statistics |
FYE:
12/31 |
| Profitability |
2010 |
Leverage |
2010 |
| Net Inc/Comm Equity | 0.22 | Total Liab/Total Assets | 0.46 | | Net Inc/Total Assets | 0.07 | Total Liab/Inv Cap | 0.51 | | Net Inc/Inv Cap | 0.08 | Total Liab/Comm Equity | 1.37 | | Pretax Inc/Net Sales | 0.36 | Interest Coverage Ratio | 10.16 | | Net Inc/Net Sales | 0.23 | Curr Debt/Equity | 0.03 | | Cash Flow/Net Sales | 0.67 | LTD/Equity | 0.32 | | SG&A/NetSales | 0.12 | Total Debt/Equity | 0.34 |
| Asset Utilization
|
|
Liquidity |
|
| Net Receivables Turnover | 8.48 | Quick Ratio | 0.51 | | Inventory Turnover | NA | Current Ratio | 0.51 | | Inventory Day Sales | NA | Net Rec/Curr Assets | 0.86 | | Net Sales/Work Cap | -6.61 | Inv/Curr Assets | NA | | Net Sales/PP&E | 0.34 | | |
Income Statement (Millions) |
| |
9/30/2011
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
|
Total Revenues(Net Sales)
|
465.15
|
481.21
|
432.22
|
410.33
|
|
Cost of Goods Sold
|
77.63
|
73.79
|
71.52
|
70.76
|
|
Selling & Admin Exps
|
58.51
|
57.82
|
49.61
|
45.26
|
|
Operating Income
|
36.47
|
219.18
|
181.12
|
371.86
|
|
Interest Exp
|
16.13
|
15.28
|
14.46
|
13.18
|
|
Pretax Income
|
332.37
|
317.52
|
32.22
|
105.04
|
|
Other Income
|
153.97
|
113.62
|
-134.44
|
-54.13
|
|
Net Income Bef Extraordinary ...
|
NA
|
NA
|
NA
|
NA
|
|
Net Income
|
206.24
|
203.15
|
19.41
|
66.19
|
|
Assets
|
9/30/2011
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
|
Cash & Short Term Investments
|
6.09
|
11.09
|
5.03
|
18.95
|
|
Receivables - Total
|
230.94
|
211.94
|
244.02
|
199.71
|
|
Inventories - Total
|
NA
|
NA
|
NA
|
NA
|
|
Total Current Assets
|
268.57
|
243.22
|
270.28
|
233.54
|
|
Net Property, Plant & Equipment
|
5,270.59
|
4,951.67
|
4,623.24
|
4,355.22
|
|
Total Assets
|
5,647.51
|
5,286.93
|
4,978.56
|
4,648.78
|
|
Liabilities
|
|
|
|
|
|
Accounts Payable
|
313.52
|
322.37
|
311.89
|
307.71
|
|
Debt in Current Liabilities
|
20.68
|
61.82
|
140.80
|
69.38
|
|
Total Current Liabilities
|
438.39
|
484.63
|
528.28
|
459.21
|
|
Long-Term Debt
|
1,200.00
|
1,060.00
|
980.00
|
800.00
|
|
Total Liabilities
|
2,691.79
|
2,539.46
|
2,435.81
|
2,117.46
|
|
Stockholder's Equity
|
|
|
|
|
|
Minority Interest
|
8.33
|
8.33
|
8.33
|
NA
|
|
Preferred Stock
|
0.00
|
0.00
|
0.00
|
0.00
|
|
Common Stock
|
0.12
|
0.12
|
0.12
|
0.06
|
|
Retained Earnings
|
1,403.66
|
1,197.69
|
994.81
|
975.67
|
|
Treasury Stock
|
NA
|
NA
|
NA
|
NA
|
|
Total Stockholders' Equity
|
2,955.72
|
2,747.48
|
2,542.75
|
2,531.32
|
|
Total Liabilities and Stockholders' Equity
|
5,647.51
|
5,286.93
|
4,978.56
|
4,648.78
|
Cash Flow Summary (Millions) |
|
Categories
|
9/30/2011
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
|
Net Cash Provided by Operating Activities
|
275.54
|
374.16
|
214.06
|
277.02
|
|
Net Cash Provided by Investing Activities
|
-420.27
|
-445.36
|
-401.26
|
-346.50
|
|
Net Cash Provided by Financing Activities
|
139.73
|
77.26
|
173.28
|
85.22
|
Annual Summary Data (Millions) |
| Year |
Sales |
Net
Income |
EPS |
| 12/2006 | 786.33 | 156.36 | 2.12 | | 12/2007 | 818.72 | 130.60 | 1.64 | | 12/2008 | 1,222.12 | 252.14 | 2.97 | | 12/2009 | 934.14 | -106.88 | -1.18 | | 12/2010 | 1,490.90 | 336.65 | 1.27 | | Growth Rates | 17.34 | -- | -- |
| Type |
Date(Q,M) |
No.
Owners |
Shares
Held (000s) |
%
Own |
| Institutional | 12/31/11 | 407 | 106,995 | 91.15 |
|
Report Date :
2/6/2012
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