Danaher Corporation's debt to total capital ratio decreased from 17.0% as of December 31, 2005 to 13.9% as of March 31, 2006 as total debt decreased while total stockholders' equity increased. The company's net debt to total capital ratio also decreased from 11.9% to 9.8% over the same period as cash and cash equivalents increased, reducing net debt. These ratios are used by management to evaluate the company's leverage over time and determine its ability to access additional borrowing capacity.
Starboard of Miami is a proposed single-phase construction project that would develop land currently leased to the PortMiami. The development partner is offering the PortMiami participation in the project's cash flows and capital events. Specifically, the partner would donate affordable housing valued at $57 million after 10 years and give 10% of leveraged cash flows to the PortMiami. Financial analysis shows the Starboard project would provide the PortMiami a net present value of $171 million over 75 years, representing a 21x better return than the PortMiami's existing land lease.
2016 September GrayReports - Demand Trends in Higher EducationGray Associates, Inc
The document provides an analysis of trends in student inquiries and conversions for higher education programs from 2014-2016. Some key points covered:
- Inquiries have decreased 8% on average year-over-year in 2016, while branded inquiries have increased 14% in September.
- External inquiries have fallen 15% on average each month in 2016.
- Conversion rates, which had been volatile in 2014-2015, appear to be stabilizing close to 2014 levels in 2016.
- Inquiries for online programs were flat year-over-year through September but rose 8% that month. Conversions for online programs declined 10% for June inquiries.
- Inquiries for on-campus programs dropped
Andrew La Pointe has over 30 years of experience as an owner's representative on construction projects totaling over $2 billion. As an owner's representative, he would focus completely on the proposed project and work collaboratively with design and construction teams. Specifically, he would assist with planning, design reviews, budgeting, contractor selection and oversight, and ensuring the project is delivered on schedule and budget. References include former tribal leaders he worked with on a $114 million casino and hotel project.
The document discusses projects created by students at the College of Engineering Pune's (COEP) FAB Lab. It summarizes several student projects involving circuit design, 3D modeling, robotics, and CNC machines. It also mentions that the FAB Lab hosts workshops and was visited by Nobel Laureate Roger Tsien. The FAB Lab provides opportunities for students to design and prototype projects using the lab's technologies and equipment.
The downward trend in inquiries continued in July, but jobs are growing.
- Inquiry volumes fell 10% but branded and online grew.
- Conversions of April inquiries were down 22% YoY.
- Average inquiry prices dropped below $45.
- Higher degree levels continued to outperform.
- Social Media continues to be a strong channel.
The document discusses trends in demand for higher education programs from May 2016. Overall student inquiries have decreased 11% year-over-year each month of 2016. Inquiries for online programs specifically had also been falling 8% on average until May 2016, when they increased 3% compared to the previous year. The average price paid for an external student inquiry through pay-per-inquiry programs decreased 3% year-over-year and 5% month-over-month in May 2016, representing the first price decrease of 2016.
Danaher Corporation's debt to total capital ratio decreased from 17.0% as of December 31, 2005 to 13.9% as of March 31, 2006 as total debt decreased while total stockholders' equity increased. The company's net debt to total capital ratio also decreased from 11.9% to 9.8% over the same period as cash and cash equivalents increased, reducing net debt. These ratios are used by management to evaluate the company's leverage over time and determine its ability to access additional borrowing capacity.
Starboard of Miami is a proposed single-phase construction project that would develop land currently leased to the PortMiami. The development partner is offering the PortMiami participation in the project's cash flows and capital events. Specifically, the partner would donate affordable housing valued at $57 million after 10 years and give 10% of leveraged cash flows to the PortMiami. Financial analysis shows the Starboard project would provide the PortMiami a net present value of $171 million over 75 years, representing a 21x better return than the PortMiami's existing land lease.
2016 September GrayReports - Demand Trends in Higher EducationGray Associates, Inc
The document provides an analysis of trends in student inquiries and conversions for higher education programs from 2014-2016. Some key points covered:
- Inquiries have decreased 8% on average year-over-year in 2016, while branded inquiries have increased 14% in September.
- External inquiries have fallen 15% on average each month in 2016.
- Conversion rates, which had been volatile in 2014-2015, appear to be stabilizing close to 2014 levels in 2016.
- Inquiries for online programs were flat year-over-year through September but rose 8% that month. Conversions for online programs declined 10% for June inquiries.
- Inquiries for on-campus programs dropped
Andrew La Pointe has over 30 years of experience as an owner's representative on construction projects totaling over $2 billion. As an owner's representative, he would focus completely on the proposed project and work collaboratively with design and construction teams. Specifically, he would assist with planning, design reviews, budgeting, contractor selection and oversight, and ensuring the project is delivered on schedule and budget. References include former tribal leaders he worked with on a $114 million casino and hotel project.
The document discusses projects created by students at the College of Engineering Pune's (COEP) FAB Lab. It summarizes several student projects involving circuit design, 3D modeling, robotics, and CNC machines. It also mentions that the FAB Lab hosts workshops and was visited by Nobel Laureate Roger Tsien. The FAB Lab provides opportunities for students to design and prototype projects using the lab's technologies and equipment.
The downward trend in inquiries continued in July, but jobs are growing.
- Inquiry volumes fell 10% but branded and online grew.
- Conversions of April inquiries were down 22% YoY.
- Average inquiry prices dropped below $45.
- Higher degree levels continued to outperform.
- Social Media continues to be a strong channel.
The document discusses trends in demand for higher education programs from May 2016. Overall student inquiries have decreased 11% year-over-year each month of 2016. Inquiries for online programs specifically had also been falling 8% on average until May 2016, when they increased 3% compared to the previous year. The average price paid for an external student inquiry through pay-per-inquiry programs decreased 3% year-over-year and 5% month-over-month in May 2016, representing the first price decrease of 2016.
March generally underperformed.
- Inquiry volumes fell 10%.
– Branded down 10%
– Online down 5%
– On-campus down 7%
- Conversions are down 7%.
– However, online conversions were up 12% in December.
– It is too early to tell if January of 2016 will reach last year’s levels.
- Prices are up year-over-year, but down from last month’s new high.
- Several large programs are growing.
- Higher degree levels continue to outperform.
- Better data and systems are available to support your decisions.
– Where to focus your marketing—by program and market
– What programs to Stop, Start, Sustain or Grow
June generally underperformed.
- Inquiry volumes fell 7%.
– Both on-campus and online declined.
- One of the few bright spots this month was that Branded grew 36%.
- Conversions of March inquiries were down 16% YoY.
– However, conversions of March online inquiries were up 1%.
– It is too early to tell if April 2016 will reach last year’s levels.
- After a decrease last month, average inquiry prices increased, and were once again over $45.
- Last quarter: Higher degree levels were flat; Associate’s fell 29%
Here are a few trends from August that we released in September:
- Overall inquiry volumes fell less than 1%.
- In Philadelphia, programs with the fastest growing job postings are ALL in health care and health sciences.
- Surprisingly, Certificate programs outperformed the higher level degrees in the most recent quarter.
- Student demand for on-campus higher education programs dropped 17% year-over-year.
- The ten largest programs produced 22% of the total completions in 2015.
- Distance education completions have increased 24% since 2013.
This document provides a summary of a webinar presented by Gray Associates on demand trends for higher education programs. Key points from the webinar include:
- Overall student inquiries and conversions are down year-over-year in 2016 according to GrayAssociates' data on over 45 million inquiries.
- Inquiries and conversions are also down for both online and on-campus programs compared to previous years.
- Conversion rates have been stable or down slightly compared to 2014-2015 levels, with some monthly fluctuations.
- The average price per pay-per-inquiry has increased slightly year-over-year but remains around $45 per inquiry.
This document provides information on bucket elevators, including definitions, details on chain selection and types of bucket elevators. It discusses the main types of bucket elevators - centrifugal discharge, continuous, super capacity and positive discharge - and details their typical chain speeds, styles and attachments. Chain types include hardened steel bushed, steel bushed roller and styles of attachments like K, A, G and floating.
Josef Saberi has over 25 years of experience in mechanical engineering. He has worked at several automotive companies including DAF Trucks, Volvo Cars, Ford Motor Company, and Viro Engineering in roles involving research engineering, advanced engineering, project management, quality control, and product development. He holds an MSc in Mechanical Engineering and has extensive experience in fields like thermo-fluid dynamics, strength of materials, simulation, and design.
2016 October GrayReports - Demand Trends in Higher EducationGray Associates, Inc
After two strong months, October generally underperformed.
- Inquiry volumes fell 11%.
- Branded inquiries continued to grow, but Online inquiries shrank.
- Inquiries are converting much later than in past years.
- Conversion rates are getting better. Q3 is already higher than Q2.
- Average inquiry prices were flat.
- Growth rates for Certificate programs outperformed higher degrees.
- Affiliate PPC was the fastest growing channel, followed by Social.
- Healthcare and software are large and fast-growing fields for jobs.
The investor presentation summarizes Sandridge Energy's assets and operational priorities. Sandridge has a Mid-Continent focus area with 462,000 net acres and over 300 drilling locations. It is also developing the North Park Niobrara with 129,000 net acres and over 1,300 locations. Sandridge aims to improve efficiency through extended laterals, reduce costs, and test adjacent plays in the Mid-Continent. In the Niobrara, it seeks to optimize completions, acquire more seismic data, and potentially reduce costs to below $4 million per lateral.
The investor presentation summarizes Sandridge Energy's assets and operational priorities. Sandridge has a Mid-Continent focus area with 462,000 net acres and over 300 drilling locations. It also has a North Park Niobrara oil project with 129,000 net acres and over 1,300 drilling locations. Sandridge's priorities include high-grading its Mid-Continent position through extended laterals and evaluating adjacent plays, and initiating its Niobrara oil program in North Park Basin through extended laterals and optimized completions to reduce costs.
This document provides an earnings presentation by Sandridge Energy for Q3 2016. It includes cautionary statements about forward-looking projections. The presentation summarizes Sandridge's operational strategy of focusing on high-return projects from its Mid-Continent assets while diversifying into long-term growth from its large North Park Niobrara position. It provides details on improved drilling economics in both areas, highlighting initial positive results from extended laterals in the Niobrara. The presentation also outlines Sandridge's reorganized capital structure and liquidity following its bankruptcy restructuring and concludes with operational and capital expenditure guidance for 2016.
The document summarizes AREX's first quarter 2016 results. It discusses:
- Drilling of 4 Wolfcamp wells on time and on budget during the quarter with no completions.
- Production of 1,165 Mboe during the quarter as no new wells were completed.
- EBITDAX of $8.7 million and cash flow from operations of $5.3 million for the quarter. Capital expenditures were $4.9 million.
- The company maintains a strong financial position and liquidity of $54 million providing flexibility for its 2016 plan.
This document summarizes John Gibson's presentation at the Wachovia Securities 5th Annual Pipeline & MLP Symposium in New York City on December 5, 2006. Gibson outlines ONEOK's strategy of focusing on consistent growth and acquisitions through its primary growth vehicle, ONEOK Partners. He highlights several of ONEOK Partners' major expansion projects underway, including the Overland Pass Pipeline and related NGL infrastructure projects, totaling over $1.1 billion. Gibson also discusses ONEOK Partners' diversified asset mix and stable cash flow, and its positioning for continued internal growth.
Emes investor presentation for citi 1v1 2014 3ScutifyNewsBits
Emerge Energy Services LP held a presentation at the Citi 1x1 Conference in Las Vegas on August 21, 2014. The presentation discussed Emerge's sand and fuel segments, highlighting its high quality sand reserves and assets, logistics advantages, and growth opportunities through organic expansion and acquisitions. Emerge seeks to generate predictable cash flow growth through long-term contracts for its sand and fuel businesses.
This document discusses SandRidge Energy's operations and strategy. It provides an overview of the company, including its production, reserves, assets, and financial information. It outlines Sandridge's strategic focus on lowering well costs and improving returns in its Mississippian operations in the Midcontinent region through techniques like pad drilling, multilaterals, and shared infrastructure. The document also discusses various innovations Sandridge is pursuing to further reduce costs and boost production, such as its successful multilaterial drilling program and plans to expand full section development.
The document provides an overview of JP Energy Partners LP and discusses its three business segments: crude oil pipelines and storage, refined products terminals and storage, and NGL distribution and sales. It also discusses JP Energy's Q3 2016 financial results, balance sheet and liquidity position, and its planned merger with American Midstream Partners to create a larger, more diversified midstream company.
The document provides an overview of AES Corporation's business strategy and financial expectations. AES is reshaping its business mix to focus on projects with long-term US dollar contracts, capitalizing on growth in key markets. It expects double-digit earnings and free cash flow growth through 2020 as it brings new projects online and strengthens its balance sheet by paying down debt. AES provided guidance for 2016 of $1-1.35 billion in proportional free cash flow and $0.95-1.05 in adjusted EPS, and expects average annual growth rates of over 10% and 12-16%, respectively, from 2017-2018.
Sunoco LP is transitioning its business model away from directly operating convenience stores to focus on fuel logistics and distribution. It is divesting the majority of its company-operated retail operations to 7-Eleven through a $3.3 billion sale expected to close in January 2018. It is also converting its 207 West Texas sites to a commission agent model. This transformation is laying the foundation for improved financial metrics through significantly reduced operating and capital expenses and a portfolio of stable income streams from the 7-Eleven agreement and other fuel distribution channels.
A copy of Chesapeake Energy's PowerPoint presentation at the Heikkinen Energy Conference in August 2016. Several slides show Chesapeake's shale drilling strategy, which will focus on the Eagle Ford and Haynesville Shale plays in the near-term.
Obtaining funding for early stage startups can be challenging. The array of funding options available to entrepreneurs can be confusing and fraught with pitfalls.
The speaker will discuss the most common funding options available to early stage startups, what financing instruments are appropriate at various stages of a company life cycle, and the latest trends relevant to early stage financing.
1) SandRidge Energy presented at the Howard Weil Energy Conference on March 24, 2015. The presentation provided an overview of the company, its assets and operations, capital expenditure plans for 2015, and strategies for adapting to lower oil prices.
2) Key points included outlining a $700 million capital expenditure budget for 2015, a plan to reduce the rig count from 19 to 7 rigs, and targeting $200 million in proceeds from asset sales. The presentation also highlighted efficiency gains and expanded use of multilaterals to reduce well costs.
3) SandRidge demonstrated success in 2014 by growing reserves 37% and type curves 27%, with 47% production growth in the Midcontinent. The presentation emphasized preserving value
March generally underperformed.
- Inquiry volumes fell 10%.
– Branded down 10%
– Online down 5%
– On-campus down 7%
- Conversions are down 7%.
– However, online conversions were up 12% in December.
– It is too early to tell if January of 2016 will reach last year’s levels.
- Prices are up year-over-year, but down from last month’s new high.
- Several large programs are growing.
- Higher degree levels continue to outperform.
- Better data and systems are available to support your decisions.
– Where to focus your marketing—by program and market
– What programs to Stop, Start, Sustain or Grow
June generally underperformed.
- Inquiry volumes fell 7%.
– Both on-campus and online declined.
- One of the few bright spots this month was that Branded grew 36%.
- Conversions of March inquiries were down 16% YoY.
– However, conversions of March online inquiries were up 1%.
– It is too early to tell if April 2016 will reach last year’s levels.
- After a decrease last month, average inquiry prices increased, and were once again over $45.
- Last quarter: Higher degree levels were flat; Associate’s fell 29%
Here are a few trends from August that we released in September:
- Overall inquiry volumes fell less than 1%.
- In Philadelphia, programs with the fastest growing job postings are ALL in health care and health sciences.
- Surprisingly, Certificate programs outperformed the higher level degrees in the most recent quarter.
- Student demand for on-campus higher education programs dropped 17% year-over-year.
- The ten largest programs produced 22% of the total completions in 2015.
- Distance education completions have increased 24% since 2013.
This document provides a summary of a webinar presented by Gray Associates on demand trends for higher education programs. Key points from the webinar include:
- Overall student inquiries and conversions are down year-over-year in 2016 according to GrayAssociates' data on over 45 million inquiries.
- Inquiries and conversions are also down for both online and on-campus programs compared to previous years.
- Conversion rates have been stable or down slightly compared to 2014-2015 levels, with some monthly fluctuations.
- The average price per pay-per-inquiry has increased slightly year-over-year but remains around $45 per inquiry.
This document provides information on bucket elevators, including definitions, details on chain selection and types of bucket elevators. It discusses the main types of bucket elevators - centrifugal discharge, continuous, super capacity and positive discharge - and details their typical chain speeds, styles and attachments. Chain types include hardened steel bushed, steel bushed roller and styles of attachments like K, A, G and floating.
Josef Saberi has over 25 years of experience in mechanical engineering. He has worked at several automotive companies including DAF Trucks, Volvo Cars, Ford Motor Company, and Viro Engineering in roles involving research engineering, advanced engineering, project management, quality control, and product development. He holds an MSc in Mechanical Engineering and has extensive experience in fields like thermo-fluid dynamics, strength of materials, simulation, and design.
2016 October GrayReports - Demand Trends in Higher EducationGray Associates, Inc
After two strong months, October generally underperformed.
- Inquiry volumes fell 11%.
- Branded inquiries continued to grow, but Online inquiries shrank.
- Inquiries are converting much later than in past years.
- Conversion rates are getting better. Q3 is already higher than Q2.
- Average inquiry prices were flat.
- Growth rates for Certificate programs outperformed higher degrees.
- Affiliate PPC was the fastest growing channel, followed by Social.
- Healthcare and software are large and fast-growing fields for jobs.
The investor presentation summarizes Sandridge Energy's assets and operational priorities. Sandridge has a Mid-Continent focus area with 462,000 net acres and over 300 drilling locations. It is also developing the North Park Niobrara with 129,000 net acres and over 1,300 locations. Sandridge aims to improve efficiency through extended laterals, reduce costs, and test adjacent plays in the Mid-Continent. In the Niobrara, it seeks to optimize completions, acquire more seismic data, and potentially reduce costs to below $4 million per lateral.
The investor presentation summarizes Sandridge Energy's assets and operational priorities. Sandridge has a Mid-Continent focus area with 462,000 net acres and over 300 drilling locations. It also has a North Park Niobrara oil project with 129,000 net acres and over 1,300 drilling locations. Sandridge's priorities include high-grading its Mid-Continent position through extended laterals and evaluating adjacent plays, and initiating its Niobrara oil program in North Park Basin through extended laterals and optimized completions to reduce costs.
This document provides an earnings presentation by Sandridge Energy for Q3 2016. It includes cautionary statements about forward-looking projections. The presentation summarizes Sandridge's operational strategy of focusing on high-return projects from its Mid-Continent assets while diversifying into long-term growth from its large North Park Niobrara position. It provides details on improved drilling economics in both areas, highlighting initial positive results from extended laterals in the Niobrara. The presentation also outlines Sandridge's reorganized capital structure and liquidity following its bankruptcy restructuring and concludes with operational and capital expenditure guidance for 2016.
The document summarizes AREX's first quarter 2016 results. It discusses:
- Drilling of 4 Wolfcamp wells on time and on budget during the quarter with no completions.
- Production of 1,165 Mboe during the quarter as no new wells were completed.
- EBITDAX of $8.7 million and cash flow from operations of $5.3 million for the quarter. Capital expenditures were $4.9 million.
- The company maintains a strong financial position and liquidity of $54 million providing flexibility for its 2016 plan.
This document summarizes John Gibson's presentation at the Wachovia Securities 5th Annual Pipeline & MLP Symposium in New York City on December 5, 2006. Gibson outlines ONEOK's strategy of focusing on consistent growth and acquisitions through its primary growth vehicle, ONEOK Partners. He highlights several of ONEOK Partners' major expansion projects underway, including the Overland Pass Pipeline and related NGL infrastructure projects, totaling over $1.1 billion. Gibson also discusses ONEOK Partners' diversified asset mix and stable cash flow, and its positioning for continued internal growth.
Emes investor presentation for citi 1v1 2014 3ScutifyNewsBits
Emerge Energy Services LP held a presentation at the Citi 1x1 Conference in Las Vegas on August 21, 2014. The presentation discussed Emerge's sand and fuel segments, highlighting its high quality sand reserves and assets, logistics advantages, and growth opportunities through organic expansion and acquisitions. Emerge seeks to generate predictable cash flow growth through long-term contracts for its sand and fuel businesses.
This document discusses SandRidge Energy's operations and strategy. It provides an overview of the company, including its production, reserves, assets, and financial information. It outlines Sandridge's strategic focus on lowering well costs and improving returns in its Mississippian operations in the Midcontinent region through techniques like pad drilling, multilaterals, and shared infrastructure. The document also discusses various innovations Sandridge is pursuing to further reduce costs and boost production, such as its successful multilaterial drilling program and plans to expand full section development.
The document provides an overview of JP Energy Partners LP and discusses its three business segments: crude oil pipelines and storage, refined products terminals and storage, and NGL distribution and sales. It also discusses JP Energy's Q3 2016 financial results, balance sheet and liquidity position, and its planned merger with American Midstream Partners to create a larger, more diversified midstream company.
The document provides an overview of AES Corporation's business strategy and financial expectations. AES is reshaping its business mix to focus on projects with long-term US dollar contracts, capitalizing on growth in key markets. It expects double-digit earnings and free cash flow growth through 2020 as it brings new projects online and strengthens its balance sheet by paying down debt. AES provided guidance for 2016 of $1-1.35 billion in proportional free cash flow and $0.95-1.05 in adjusted EPS, and expects average annual growth rates of over 10% and 12-16%, respectively, from 2017-2018.
Sunoco LP is transitioning its business model away from directly operating convenience stores to focus on fuel logistics and distribution. It is divesting the majority of its company-operated retail operations to 7-Eleven through a $3.3 billion sale expected to close in January 2018. It is also converting its 207 West Texas sites to a commission agent model. This transformation is laying the foundation for improved financial metrics through significantly reduced operating and capital expenses and a portfolio of stable income streams from the 7-Eleven agreement and other fuel distribution channels.
A copy of Chesapeake Energy's PowerPoint presentation at the Heikkinen Energy Conference in August 2016. Several slides show Chesapeake's shale drilling strategy, which will focus on the Eagle Ford and Haynesville Shale plays in the near-term.
Obtaining funding for early stage startups can be challenging. The array of funding options available to entrepreneurs can be confusing and fraught with pitfalls.
The speaker will discuss the most common funding options available to early stage startups, what financing instruments are appropriate at various stages of a company life cycle, and the latest trends relevant to early stage financing.
1) SandRidge Energy presented at the Howard Weil Energy Conference on March 24, 2015. The presentation provided an overview of the company, its assets and operations, capital expenditure plans for 2015, and strategies for adapting to lower oil prices.
2) Key points included outlining a $700 million capital expenditure budget for 2015, a plan to reduce the rig count from 19 to 7 rigs, and targeting $200 million in proceeds from asset sales. The presentation also highlighted efficiency gains and expanded use of multilaterals to reduce well costs.
3) SandRidge demonstrated success in 2014 by growing reserves 37% and type curves 27%, with 47% production growth in the Midcontinent. The presentation emphasized preserving value
SandRidge Energy presented at an energy conference, outlining its strategy to thrive in a lower oil price environment through capital discipline and efficiency gains. Key points:
- The company plans to reduce its 2015 capital expenditures to $700 million, down from $1.6 billion in 2014, through lower well costs, expanded use of multilaterals, and other efficiencies.
- SandRidge expects its new strategy will allow it to grow production 6% in 2015 while drilling fewer wells and lowering its rig count.
- The company has a strong hedge position and recently negotiated more flexible debt covenants to bolster its financial position in the current market.
SandRidge Energy presented at an energy conference, outlining their operations and strategy in response to lower oil prices. Key points included:
1) A $700 million capital budget for 2015, down from $1.6 billion in 2014, focusing on efficiency gains and expanded use of multilaterals to preserve returns.
2) Demonstrating success in 2014 through production growth, increased reserves, and pioneering multilaterals in the Mississippian.
3) Pursuing appraisal and redevelopment opportunities in legacy reservoirs like the Chester and Woodford to further extend the drilling inventory.
SandRidge Energy presented at an energy conference, outlining their operations and strategy in response to lower oil prices. Key points included:
1) A $700 million capital budget for 2015, down from $1.6 billion in 2014, focusing on efficiency gains and expanded use of multilaterals to preserve returns.
2) Demonstrating success in 2014 through production growth, increased reserves, and pioneering multilaterals in the Mississippian.
3) Pursuing appraisal and redevelopment opportunities in legacy reservoirs like the Chester and Woodford to further extend the drilling inventory.
SandRidge Energy presented at an energy conference, highlighting its operations, capital efficiency gains, and 2015 guidance. Key points included:
1) A $700 million capital budget for 2015 focusing on efficiency and multilaterals to preserve 6% production growth while lowering rig count.
2) Capital efficiency gains through service cost reductions, improved well design, and expanding multilaterals which provide the same production as single laterals for 20% less cost.
3) 37% proved reserve growth in 2014 to 516 MMBoe and a 27% improvement to the type curve, demonstrating repeated operational success.
The document discusses mergers and acquisitions (M&A) as business transactions where one company acquires another. It defines mergers, acquisitions, and categories of M&A such as horizontal, vertical, and conglomerate. Reasons for M&A include achieving greater market power, utilizing complementary resources, and tax shields. Methods of settling M&A include cash offers and share offers. Evaluating mergers involves determining if net gains from expected cost savings exceed net costs. Examples are provided to illustrate M&A valuation and profitability.
Hyundai Capital Services reported financial results for the first three quarters of 2017. Total assets grew 7.7% year-over-year to 26.9 trillion won due to increases in auto and non-auto financing. Net income declined 18.2% to 226.8 billion won due to lower operating income and higher bad debt expenses, despite increases in non-operating income. Asset quality improved with the 30+ day delinquency ratio stable at 2.0% and reserves exceeding regulatory requirements. Overseas operations continued expanding in existing markets like the U.S. and U.K.
This presentation provides an overview of Sunoco LP's strategic shift from convenience stores to fuel logistics and distribution. Some key points:
- Sunoco divested the majority of its company-operated retail operations to 7-Eleven in exchange for a 15-year, take-or-pay fuel supply agreement.
- The company completed a refinancing that reduced debt by over $2 billion and extended debt maturities.
- Going forward, Sunoco expects to generate stable cash flows from its fuel distribution contracts and rental income properties while maintaining a disciplined financial strategy and balance sheet. It sees opportunities to grow through acquisitions in the fuel logistics and distribution sector.
Similar to Why Walgreen shareholder should vote against the overvalued, unnecessary, and risky acquisition of Alliance Boots. (20)
The Rise of Generative AI in Finance: Reshaping the Industry with Synthetic DataChampak Jhagmag
In this presentation, we will explore the rise of generative AI in finance and its potential to reshape the industry. We will discuss how generative AI can be used to develop new products, combat fraud, and revolutionize risk management. Finally, we will address some of the ethical considerations and challenges associated with this powerful technology.
5 Tips for Creating Standard Financial ReportsEasyReports
Well-crafted financial reports serve as vital tools for decision-making and transparency within an organization. By following the undermentioned tips, you can create standardized financial reports that effectively communicate your company's financial health and performance to stakeholders.
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the what'sapp contact of my personal pi vendor
+12349014282
2. Elemental Economics - Mineral demand.pdfNeal Brewster
After this second you should be able to: Explain the main determinants of demand for any mineral product, and their relative importance; recognise and explain how demand for any product is likely to change with economic activity; recognise and explain the roles of technology and relative prices in influencing demand; be able to explain the differences between the rates of growth of demand for different products.
Seminar: Gender Board Diversity through Ownership NetworksGRAPE
Seminar on gender diversity spillovers through ownership networks at FAME|GRAPE. Presenting novel research. Studies in economics and management using econometrics methods.
Financial Assets: Debit vs Equity Securities.pptxWrito-Finance
financial assets represent claim for future benefit or cash. Financial assets are formed by establishing contracts between participants. These financial assets are used for collection of huge amounts of money for business purposes.
Two major Types: Debt Securities and Equity Securities.
Debt Securities are Also known as fixed-income securities or instruments. The type of assets is formed by establishing contracts between investor and issuer of the asset.
• The first type of Debit securities is BONDS. Bonds are issued by corporations and government (both local and national government).
• The second important type of Debit security is NOTES. Apart from similarities associated with notes and bonds, notes have shorter term maturity.
• The 3rd important type of Debit security is TRESURY BILLS. These securities have short-term ranging from three months, six months, and one year. Issuer of such securities are governments.
• Above discussed debit securities are mostly issued by governments and corporations. CERTIFICATE OF DEPOSITS CDs are issued by Banks and Financial Institutions. Risk factor associated with CDs gets reduced when issued by reputable institutions or Banks.
Following are the risk attached with debt securities: Credit risk, interest rate risk and currency risk
There are no fixed maturity dates in such securities, and asset’s value is determined by company’s performance. There are two major types of equity securities: common stock and preferred stock.
Common Stock: These are simple equity securities and bear no complexities which the preferred stock bears. Holders of such securities or instrument have the voting rights when it comes to select the company’s board of director or the business decisions to be made.
Preferred Stock: Preferred stocks are sometime referred to as hybrid securities, because it contains elements of both debit security and equity security. Preferred stock confers ownership rights to security holder that is why it is equity instrument
<a href="https://www.writofinance.com/equity-securities-features-types-risk/" >Equity securities </a> as a whole is used for capital funding for companies. Companies have multiple expenses to cover. Potential growth of company is required in competitive market. So, these securities are used for capital generation, and then uses it for company’s growth.
Concluding remarks
Both are employed in business. Businesses are often established through debit securities, then what is the need for equity securities. Companies have to cover multiple expenses and expansion of business. They can also use equity instruments for repayment of debits. So, there are multiple uses for securities. As an investor, you need tools for analysis. Investment decisions are made by carefully analyzing the market. For better analysis of the stock market, investors often employ financial analysis of companies.
Abhay Bhutada, the Managing Director of Poonawalla Fincorp Limited, is an accomplished leader with over 15 years of experience in commercial and retail lending. A Qualified Chartered Accountant, he has been pivotal in leveraging technology to enhance financial services. Starting his career at Bank of India, he later founded TAB Capital Limited and co-founded Poonawalla Finance Private Limited, emphasizing digital lending. Under his leadership, Poonawalla Fincorp achieved a 'AAA' credit rating, integrating acquisitions and emphasizing corporate governance. Actively involved in industry forums and CSR initiatives, Abhay has been recognized with awards like "Young Entrepreneur of India 2017" and "40 under 40 Most Influential Leader for 2020-21." Personally, he values mindfulness, enjoys gardening, yoga, and sees every day as an opportunity for growth and improvement.
STREETONOMICS: Exploring the Uncharted Territories of Informal Markets throug...sameer shah
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BONKMILLON Unleashes Its Bonkers Potential on Solana.pdfcoingabbar
Introducing BONKMILLON - The Most Bonkers Meme Coin Yet
Let's be real for a second – the world of meme coins can feel like a bit of a circus at times. Every other day, there's a new token promising to take you "to the moon" or offering some groundbreaking utility that'll change the game forever. But how many of them actually deliver on that hype?
4. ● 2 weeks before vote Wasson suddenly announces intent to step
down, with no successor in place and no clear succession plan
announced.
● AB’s Pessina will assume interim-CEO position.
● Two chief architects of this deal from WAG’s side now gone:
CFO Miquelon and CEO Wasson.
● After 2.5 years of partnership and promises of smooth merger,
shareholders are to vote with no idea who will lead the
challenging integration.
● Where was the board during this coup? It has remained silent, as
it did during this deal’s other twists and turns.
3
5. ● An original deal, not even billed as a ‘merger of equals,’ but an
acquisition with a control premium, now grants AB control over
WAG’s operations plus a takeover premium.
● The “blended management team” is now dominated by Alliance
Boots executives.
● If WAG’s management needed overhauling, there are cheaper
ways to do this than a $24 billion deal.
● History has repeated itself. Pessina used the 2005 merger
between his company, Alliance UniChem, and the Boots Group
to gain control of the combined company.
● Sets up specter of competing power bases - Nottingham,
Chicago
4
14. Mid-point valuations of fairness opinions provided by Goldman Sachs and Lazard compared to second step
transaction cost based on consideration valued at $13.96 billion (based on Aug. 11. 2014) and expected debt.
13
15. Due to AB’s privately-held status, the premium over and above market value is not available from per-share data.
Using the midpoint valuations performed by Lazard and Goldman Sachs pursuant to the three valuation
methodologies, we illustrate the takeout premiums using a second-step consideration value of $13.96 billion
(based on Aug. 11. 2014 valuation date).
93% premium
14
21. ● WAG shocked market with $2 billion forecast reduction in August;
20% reduction in FY2016 EBIT goal for AB/WAG, stemming from:
○ Internal miscalculation of generic pricing and Medicare Part D
reimbursement rates
○ Underperformance in both AB and WAG’s core business
● AB growing at half the rate expected in 2012
● Controversy over the departure of CFO and other top-ranking
executives
● Increasing pressure from hedge funds to prop up stock:
○ Undertake a tax inversion
○ Pursue share buybacks
20