The document provides an investor scorecard for Gran Tierra Energy Inc. as of September 27, 2010. Some key points:
- Gran Tierra Energy is an independent energy company engaged in oil and gas exploration, development and production in Colombia, Argentina and Peru.
- As of September 2010, the company had a market capitalization of $1.677 billion, with no long-term debt and $311.6 million in cash.
- The company has exploration and production operations on 32 blocks totaling 8.4 million net acres. It is the operator on 29 of these blocks.
- Gran Tierra Energy has an ongoing drilling program with wells planned in Colombia, Peru, Argentina and Brazil
Exile Resources Inc. is a Canada-based oil and gas exploration company with interests in Nigeria, Zambia, and Turkey. Its core asset is the Akepo oil field in Nigeria, which was discovered in 1993 but never developed. Exile is partnering with local companies to re-enter and complete the original well, with first production targeted for late 2010. Further exploration and development is planned in the Akepo license area. Exile also holds less developed assets in Zambia and Turkey that provide additional exploration upside.
Peak Energy Services Trust is an energy services company operating in western Canada and the United States. It provides drilling, production, oil sands, and water technology services. Peak has grown through 26 acquisitions since 1996 and expanded its U.S. operations. It has a diversified asset base of rental equipment and a strong balance sheet with $30 million in working capital and $194 million in tangible assets. Peak is pursuing growth in the recovering oil and gas industry.
The document provides an overview of HSBC Holdings plc's 2006 interim results. It includes information on key achievements such as strong organic revenue growth and improved return on invested capital. Graphs and tables show results by geography and customer group, with strong growth in emerging markets like Mexico, Middle East, China, and India. Segments like personal financial services and corporate/investment banking saw profits increase. The loan portfolio also grew with increases in residential mortgages and corporate/commercial lending.
Holly Corporation's 2007 annual report summarizes the company's financial and operating highlights for the year. Key highlights include record sales and other revenues of $4.79 billion, net income of $334.1 million, and net cash provided by operating activities of $422.7 million. The report also provides an overview of Holly Corporation's business as an independent petroleum refiner and marketer, including details on its two refineries in New Mexico and Utah.
Chiquita Brands International is a leading marketer and producer of bananas and other fresh produce. In 2004, the company achieved several financial and operational goals including 18% sales growth to $3.1 billion, a 23% increase in operating cash flow to $92 million, and an 11% reduction in total debt. The CEO discusses the company's strategy to strengthen its core banana business, pursue profitable growth through new acquisitions and segments, build a high-performance organization, and improve profitability in North America. Key goals for 2005 include completing the acquisition of Fresh Express to diversify product offerings and integrating the new leadership team to execute the long-term strategy.
Dejour Energy Inc. is an oil and gas exploration and production company focused on projects in Western Canada and the Western United States. It currently produces oil and gas from its Woodrush project in northeast British Columbia and holds natural gas assets in Colorado's Piceance Basin. The company is targeting increased production from Woodrush and plans to commence drilling at its Gibson Gulch project in Colorado in 2012. Management is focused on developing its core assets to fund higher-risk exploration plays while maintaining a balanced commodity exposure and managing capital risk through partnerships.
Fortune Minerals Limited is a Canadian mineral development company focused on advancing its two late-stage projects: the NICO gold-cobalt-bismuth-copper project in Northwest Territories and the Mount Klappan anthracite coal project in British Columbia. Mount Klappan contains the largest and most advanced Canadian deposit of high quality anthracite coal, representing 1% of global coal reserves. There is significant future demand growth expected for metallurgical coal due to new steelmaking technologies and emerging economies, yet insufficient supply of high quality coals to meet this demand over the next decade.
This document summarizes Hormel Foods Corporation's strong financial performance in fiscal year 1999. Net earnings rose 17.3% to $163.4 million and earnings per share increased to $2.22. All core operating units contributed to sales growth of 3.0% to $3.357 billion. The company invested in expanding production capacities and new product lines that contributed to volume growth, including Always Tender pork products, fully cooked bacon, and Jennie-O turkey products. Hormel Foods adopted economic value added to further optimize performance and increase shareholder value.
Exile Resources Inc. is a Canada-based oil and gas exploration company with interests in Nigeria, Zambia, and Turkey. Its core asset is the Akepo oil field in Nigeria, which was discovered in 1993 but never developed. Exile is partnering with local companies to re-enter and complete the original well, with first production targeted for late 2010. Further exploration and development is planned in the Akepo license area. Exile also holds less developed assets in Zambia and Turkey that provide additional exploration upside.
Peak Energy Services Trust is an energy services company operating in western Canada and the United States. It provides drilling, production, oil sands, and water technology services. Peak has grown through 26 acquisitions since 1996 and expanded its U.S. operations. It has a diversified asset base of rental equipment and a strong balance sheet with $30 million in working capital and $194 million in tangible assets. Peak is pursuing growth in the recovering oil and gas industry.
The document provides an overview of HSBC Holdings plc's 2006 interim results. It includes information on key achievements such as strong organic revenue growth and improved return on invested capital. Graphs and tables show results by geography and customer group, with strong growth in emerging markets like Mexico, Middle East, China, and India. Segments like personal financial services and corporate/investment banking saw profits increase. The loan portfolio also grew with increases in residential mortgages and corporate/commercial lending.
Holly Corporation's 2007 annual report summarizes the company's financial and operating highlights for the year. Key highlights include record sales and other revenues of $4.79 billion, net income of $334.1 million, and net cash provided by operating activities of $422.7 million. The report also provides an overview of Holly Corporation's business as an independent petroleum refiner and marketer, including details on its two refineries in New Mexico and Utah.
Chiquita Brands International is a leading marketer and producer of bananas and other fresh produce. In 2004, the company achieved several financial and operational goals including 18% sales growth to $3.1 billion, a 23% increase in operating cash flow to $92 million, and an 11% reduction in total debt. The CEO discusses the company's strategy to strengthen its core banana business, pursue profitable growth through new acquisitions and segments, build a high-performance organization, and improve profitability in North America. Key goals for 2005 include completing the acquisition of Fresh Express to diversify product offerings and integrating the new leadership team to execute the long-term strategy.
Dejour Energy Inc. is an oil and gas exploration and production company focused on projects in Western Canada and the Western United States. It currently produces oil and gas from its Woodrush project in northeast British Columbia and holds natural gas assets in Colorado's Piceance Basin. The company is targeting increased production from Woodrush and plans to commence drilling at its Gibson Gulch project in Colorado in 2012. Management is focused on developing its core assets to fund higher-risk exploration plays while maintaining a balanced commodity exposure and managing capital risk through partnerships.
Fortune Minerals Limited is a Canadian mineral development company focused on advancing its two late-stage projects: the NICO gold-cobalt-bismuth-copper project in Northwest Territories and the Mount Klappan anthracite coal project in British Columbia. Mount Klappan contains the largest and most advanced Canadian deposit of high quality anthracite coal, representing 1% of global coal reserves. There is significant future demand growth expected for metallurgical coal due to new steelmaking technologies and emerging economies, yet insufficient supply of high quality coals to meet this demand over the next decade.
This document summarizes Hormel Foods Corporation's strong financial performance in fiscal year 1999. Net earnings rose 17.3% to $163.4 million and earnings per share increased to $2.22. All core operating units contributed to sales growth of 3.0% to $3.357 billion. The company invested in expanding production capacities and new product lines that contributed to volume growth, including Always Tender pork products, fully cooked bacon, and Jennie-O turkey products. Hormel Foods adopted economic value added to further optimize performance and increase shareholder value.
MGI Securities Initiates Coverage on Northern GaphiteGraphite Graphite
- Northern Graphite owns the Bissett Creek graphite deposit in Ontario, Canada which is close to infrastructure and markets.
- Testing showed the deposit can produce a high-purity, large flake graphite concentrate, 50% of which is premium "jumbo" flake.
- There is potential to produce spherical graphite which commands an even higher price for use in lithium-ion batteries.
- The analyst initiates coverage with a Buy rating and 12-month target price of $3.50 per share based on a discounted cash flow valuation.
The 2006 annual report summarizes the company's financial performance for the year. Total revenues increased significantly to $3.042 billion in 2006 from $1.733 billion in 2005. Net income also increased substantially to $41.536 million in 2006 from $4.049 million in 2005. Backlog reached a record high of $8.451 billion at the end of 2006, up from $7.898 billion in 2005. The company experienced growth in its building segment due to work on several large hospitality and gaming projects.
Banco ABC Brasil is a leading credit provider focused on mid-sized and large companies in Brazil. It offers a wide range of credit products with a high level of customization. Banco ABC Brasil has a winning combination of a strong controlling shareholder and an independent local management team, allowing for agile decision making and access to attractive funding sources. The bank has demonstrated strong growth and profitability over the past years.
Holly Corporation is an independent petroleum refiner that produces gasoline, diesel fuel, and jet fuel. It owns two refineries - the Navajo Refinery in New Mexico with a capacity of 60,000 barrels per day, and the Montana Refinery near Great Falls, Montana with a capacity of 7,000 barrels per day. These refineries process high sulfur crude oils and serve markets in the southwestern U.S., northern Mexico, and Montana. In fiscal year 2001, Holly Corporation achieved record levels of revenue, earnings, and cash flow due to high industry margins and initiatives to improve efficiency and expand marketing efforts.
Allstate operates from a strong financial position with $117.4 billion in assets and $17.4 billion in shareholders' equity. In 2002, Allstate's revenues increased to $29.58 billion due to growth in its Property-Liability and Allstate Financial business units, though net income declined to $1.13 billion due to higher realized capital losses compared to 2001. Operating income increased to $2.08 billion in 2002 driven by growth in both its Property-Liability and Allstate Financial segments.
NEM provided guidance for 2013 production at Yanacocha and La Zanja, which were lower than the analyst's previous expectations, prompting adjustments. Production at Yanacocha is declining faster than anticipated. Capital expenditures for 2013 are also lower than expected at Conga and Yanacocha. As a result, the analyst has lowered production estimates and financial forecasts, reducing the target price to $38 from $42 while maintaining a Sector Perform rating.
This document provides financial and operating results for Hess Corporation from 2005 to 2008. Specifically, it shows net income, adjusted earnings, capital expenditures, and exploration expenses by quarter for the Exploration and Production, Marketing and Refining, and Corporate divisions. The Exploration and Production division contributed the majority of net income, while Marketing and Refining had losses in some quarters. Capital expenditures and exploration expenses increased over time for Exploration and Production both in the US and internationally.
Continental Precious Minerals is a Canadian exploration company focused on mineral properties in Sweden. It has defined an inferred resource at its flagship Viken property of over 2.8 billion tonnes containing uranium, nickel, molybdenum, and vanadium. Recent testing demonstrated recovery rates over 90% for some metals. Management owns about 9% of shares and compensation is weighted towards stock and options. The stock performance has outperformed peers over 3 months but underperformed over longer periods.
Fortune Minerals Limited is a Canadian mineral development company advancing two late-stage projects: the Arctos Anthracite Project in BC and the NICO gold-cobalt project in the Northwest Territories. The Arctos project is one of the world's premier metallurgical coal development projects, with a positive definitive feasibility study showing robust economics for an initial 3 Mtpa open-pit coal mine and wash plant operation. A 20% joint venture with POSCO, one of the world's largest steel producers, accelerates the project's development towards production to supply growing global steel industry demand.
The annual report summarizes Dole Food Company's operations and financial performance in 1995. Some key points:
- Dole successfully separated its real estate and resorts business into a new publicly-traded company, Castle & Cooke, enhancing shareholder value.
- Dole's food business saw revenue grow 14% to $3.8 billion in 1995. Operating income increased 40% to $193 million due to improved performance across banana, vegetable, and pineapple operations.
- Dole expanded its value-added salad business in Europe and entered new joint ventures and acquisitions to grow in European markets.
- Financially, Dole paid down over $700 million in debt,
Toll Brothers reported record third quarter results for 2003, with earnings per share increasing 29% year-over-year to $0.90. Net income rose 27% to a record $68.2 million, while revenues increased 19% to a record $693.7 million. Contracts and backlog both reached all-time highs, with contracts up 35% to $952.7 million and backlog growing 31% to $2.49 billion. For the nine-month period, earnings per share increased 12% to a record $2.23, and net income rose 11% to a record $166.4 million. Toll Brothers expects continued strong growth in fiscal 2004 and beyond, supported by expanding land
Parker is a global company that provides motion and control technologies. It is focused on creating technological breakthroughs, serving diversified markets around the world, and achieving new financial goals. Parker reported increased net sales, income from operations, net income, and cash flows from operating activities from 1999 to 2000. The company is positioned for consistent double-digit growth through expanding in core markets and new growth areas around the world. Parker is developing new technologies to advance industries like manufacturing, communication, and biomedical science.
The document summarizes the 2006 results of an energy company. Some key highlights include:
1) Adjusted EBITDA was R$2.49 billion in 2006, 16.7% higher than 2005. Net profit was R$373.4 million compared to a loss in 2005.
2) Debt was reduced by 19.8% and credit ratings were increased.
3) The captive electricity market grew 5.1% excluding free consumers. Total market increased 4.6% to 38,183 GWh.
4) Technical and commercial losses decreased while collection rates remained steady at over 99%. Fraud detection and clandestine connections were reduced.
Hormel Foods reported record net earnings of $139 million in fiscal 1998, up 27% from the previous year. This was due to strong performances across its core business groups, with all major product categories achieving record or near-record growth. Net earnings excluding a one-time gain were still the second highest in company history at $122 million, up 11% from the previous year. Total sales reached a record $3.26 billion, though tonnage grew more strongly at 10% as the company emphasized higher-value, branded products. Challenging conditions in the turkey industry suppressed Jennie-O's results despite sales and tonnage gains.
Monsanto aims to more than double its gross profit from 2007 to 2012 through organic growth of its core seed and trait business. It plans to achieve this by gaining market share in key crops like US and international corn, soybeans, and cotton. Monsanto expects its research pipeline to deliver new products with increased yields and stress tolerance that will further boost profits. Maintaining financial discipline around expenses, working capital, and capital expenditures will support profit growth and continued strong free cash flow generation over the next five years.
KBL Mining Limited held an investment symposium on October 22, 2012 to discuss its gold mining projects. The presentation provided an overview of the company's assets and growth strategy. KBL's key projects include the producing Mineral Hill copper-gold mine in NSW, the Sorby Hills silver-lead project in WA set to begin production in 2014, and exploration properties in the Northern Territory. The presentation highlighted KBL's goal of generating increasing revenue and cash flow from its diversified portfolio of base and precious metal projects over the next 5-10 years.
El documento presenta una serie de herramientas web y ofimáticas aplicadas a la educación y la enfermería. Describe brevemente las características y funcionalidades de Google Drive, Dropbox, Gmail, Hotmail, Mendeley, Blogger, SlideShare, GoConqr, Word, Excel, Power Point, Epi Info y Quipux.
The document describes the SSQ MultiPro Roof Panel Machine from Drexel Metals LLC. It includes specifications for the machine such as its dimensions, weight, speed, and hydraulic drive system. It can form various metal materials into different panel profiles using interchangeable roller systems. Standard features include safety controls and quick-change components. Expandable options include overhead reels, decoilers, and run out tables.
VMware Certified Professional 5 - Data Center Virtualization certificateHung Nguyen
This document appears to be a record containing a date, a string of numbers and letters that may be an identification code, another date, and a person's name. In a few sentences it provides key identifying information but no other contextual details.
Las licencias Creative Commons son varias licencias de copyright publicadas en 2002 por Creative Commons que permiten al beneficiario copiar, distribuir, exhibir y representar una obra, así como hacer obras derivadas, siempre que se reconozca la autoría original y el uso sea no comercial o no derivado.
Pricing of petroleum products in IndiaAnkur Bansal
The document discusses the factors that influence gasoline prices in India and the evolution of pricing systems. It provides details on the administrative pricing mechanism (APM) used from 1974-1998 and its limitations. Subsequently, import parity and trade parity pricing mechanisms were introduced. Current problems include oil marketing companies having to sell certain fuels below market rates, resulting in losses compensated by government subsidies. Deregulating fuel prices could help address this issue.
MGI Securities Initiates Coverage on Northern GaphiteGraphite Graphite
- Northern Graphite owns the Bissett Creek graphite deposit in Ontario, Canada which is close to infrastructure and markets.
- Testing showed the deposit can produce a high-purity, large flake graphite concentrate, 50% of which is premium "jumbo" flake.
- There is potential to produce spherical graphite which commands an even higher price for use in lithium-ion batteries.
- The analyst initiates coverage with a Buy rating and 12-month target price of $3.50 per share based on a discounted cash flow valuation.
The 2006 annual report summarizes the company's financial performance for the year. Total revenues increased significantly to $3.042 billion in 2006 from $1.733 billion in 2005. Net income also increased substantially to $41.536 million in 2006 from $4.049 million in 2005. Backlog reached a record high of $8.451 billion at the end of 2006, up from $7.898 billion in 2005. The company experienced growth in its building segment due to work on several large hospitality and gaming projects.
Banco ABC Brasil is a leading credit provider focused on mid-sized and large companies in Brazil. It offers a wide range of credit products with a high level of customization. Banco ABC Brasil has a winning combination of a strong controlling shareholder and an independent local management team, allowing for agile decision making and access to attractive funding sources. The bank has demonstrated strong growth and profitability over the past years.
Holly Corporation is an independent petroleum refiner that produces gasoline, diesel fuel, and jet fuel. It owns two refineries - the Navajo Refinery in New Mexico with a capacity of 60,000 barrels per day, and the Montana Refinery near Great Falls, Montana with a capacity of 7,000 barrels per day. These refineries process high sulfur crude oils and serve markets in the southwestern U.S., northern Mexico, and Montana. In fiscal year 2001, Holly Corporation achieved record levels of revenue, earnings, and cash flow due to high industry margins and initiatives to improve efficiency and expand marketing efforts.
Allstate operates from a strong financial position with $117.4 billion in assets and $17.4 billion in shareholders' equity. In 2002, Allstate's revenues increased to $29.58 billion due to growth in its Property-Liability and Allstate Financial business units, though net income declined to $1.13 billion due to higher realized capital losses compared to 2001. Operating income increased to $2.08 billion in 2002 driven by growth in both its Property-Liability and Allstate Financial segments.
NEM provided guidance for 2013 production at Yanacocha and La Zanja, which were lower than the analyst's previous expectations, prompting adjustments. Production at Yanacocha is declining faster than anticipated. Capital expenditures for 2013 are also lower than expected at Conga and Yanacocha. As a result, the analyst has lowered production estimates and financial forecasts, reducing the target price to $38 from $42 while maintaining a Sector Perform rating.
This document provides financial and operating results for Hess Corporation from 2005 to 2008. Specifically, it shows net income, adjusted earnings, capital expenditures, and exploration expenses by quarter for the Exploration and Production, Marketing and Refining, and Corporate divisions. The Exploration and Production division contributed the majority of net income, while Marketing and Refining had losses in some quarters. Capital expenditures and exploration expenses increased over time for Exploration and Production both in the US and internationally.
Continental Precious Minerals is a Canadian exploration company focused on mineral properties in Sweden. It has defined an inferred resource at its flagship Viken property of over 2.8 billion tonnes containing uranium, nickel, molybdenum, and vanadium. Recent testing demonstrated recovery rates over 90% for some metals. Management owns about 9% of shares and compensation is weighted towards stock and options. The stock performance has outperformed peers over 3 months but underperformed over longer periods.
Fortune Minerals Limited is a Canadian mineral development company advancing two late-stage projects: the Arctos Anthracite Project in BC and the NICO gold-cobalt project in the Northwest Territories. The Arctos project is one of the world's premier metallurgical coal development projects, with a positive definitive feasibility study showing robust economics for an initial 3 Mtpa open-pit coal mine and wash plant operation. A 20% joint venture with POSCO, one of the world's largest steel producers, accelerates the project's development towards production to supply growing global steel industry demand.
The annual report summarizes Dole Food Company's operations and financial performance in 1995. Some key points:
- Dole successfully separated its real estate and resorts business into a new publicly-traded company, Castle & Cooke, enhancing shareholder value.
- Dole's food business saw revenue grow 14% to $3.8 billion in 1995. Operating income increased 40% to $193 million due to improved performance across banana, vegetable, and pineapple operations.
- Dole expanded its value-added salad business in Europe and entered new joint ventures and acquisitions to grow in European markets.
- Financially, Dole paid down over $700 million in debt,
Toll Brothers reported record third quarter results for 2003, with earnings per share increasing 29% year-over-year to $0.90. Net income rose 27% to a record $68.2 million, while revenues increased 19% to a record $693.7 million. Contracts and backlog both reached all-time highs, with contracts up 35% to $952.7 million and backlog growing 31% to $2.49 billion. For the nine-month period, earnings per share increased 12% to a record $2.23, and net income rose 11% to a record $166.4 million. Toll Brothers expects continued strong growth in fiscal 2004 and beyond, supported by expanding land
Parker is a global company that provides motion and control technologies. It is focused on creating technological breakthroughs, serving diversified markets around the world, and achieving new financial goals. Parker reported increased net sales, income from operations, net income, and cash flows from operating activities from 1999 to 2000. The company is positioned for consistent double-digit growth through expanding in core markets and new growth areas around the world. Parker is developing new technologies to advance industries like manufacturing, communication, and biomedical science.
The document summarizes the 2006 results of an energy company. Some key highlights include:
1) Adjusted EBITDA was R$2.49 billion in 2006, 16.7% higher than 2005. Net profit was R$373.4 million compared to a loss in 2005.
2) Debt was reduced by 19.8% and credit ratings were increased.
3) The captive electricity market grew 5.1% excluding free consumers. Total market increased 4.6% to 38,183 GWh.
4) Technical and commercial losses decreased while collection rates remained steady at over 99%. Fraud detection and clandestine connections were reduced.
Hormel Foods reported record net earnings of $139 million in fiscal 1998, up 27% from the previous year. This was due to strong performances across its core business groups, with all major product categories achieving record or near-record growth. Net earnings excluding a one-time gain were still the second highest in company history at $122 million, up 11% from the previous year. Total sales reached a record $3.26 billion, though tonnage grew more strongly at 10% as the company emphasized higher-value, branded products. Challenging conditions in the turkey industry suppressed Jennie-O's results despite sales and tonnage gains.
Monsanto aims to more than double its gross profit from 2007 to 2012 through organic growth of its core seed and trait business. It plans to achieve this by gaining market share in key crops like US and international corn, soybeans, and cotton. Monsanto expects its research pipeline to deliver new products with increased yields and stress tolerance that will further boost profits. Maintaining financial discipline around expenses, working capital, and capital expenditures will support profit growth and continued strong free cash flow generation over the next five years.
KBL Mining Limited held an investment symposium on October 22, 2012 to discuss its gold mining projects. The presentation provided an overview of the company's assets and growth strategy. KBL's key projects include the producing Mineral Hill copper-gold mine in NSW, the Sorby Hills silver-lead project in WA set to begin production in 2014, and exploration properties in the Northern Territory. The presentation highlighted KBL's goal of generating increasing revenue and cash flow from its diversified portfolio of base and precious metal projects over the next 5-10 years.
El documento presenta una serie de herramientas web y ofimáticas aplicadas a la educación y la enfermería. Describe brevemente las características y funcionalidades de Google Drive, Dropbox, Gmail, Hotmail, Mendeley, Blogger, SlideShare, GoConqr, Word, Excel, Power Point, Epi Info y Quipux.
The document describes the SSQ MultiPro Roof Panel Machine from Drexel Metals LLC. It includes specifications for the machine such as its dimensions, weight, speed, and hydraulic drive system. It can form various metal materials into different panel profiles using interchangeable roller systems. Standard features include safety controls and quick-change components. Expandable options include overhead reels, decoilers, and run out tables.
VMware Certified Professional 5 - Data Center Virtualization certificateHung Nguyen
This document appears to be a record containing a date, a string of numbers and letters that may be an identification code, another date, and a person's name. In a few sentences it provides key identifying information but no other contextual details.
Las licencias Creative Commons son varias licencias de copyright publicadas en 2002 por Creative Commons que permiten al beneficiario copiar, distribuir, exhibir y representar una obra, así como hacer obras derivadas, siempre que se reconozca la autoría original y el uso sea no comercial o no derivado.
Pricing of petroleum products in IndiaAnkur Bansal
The document discusses the factors that influence gasoline prices in India and the evolution of pricing systems. It provides details on the administrative pricing mechanism (APM) used from 1974-1998 and its limitations. Subsequently, import parity and trade parity pricing mechanisms were introduced. Current problems include oil marketing companies having to sell certain fuels below market rates, resulting in losses compensated by government subsidies. Deregulating fuel prices could help address this issue.
The Oil and Natural Gas Value Chain; PETROLEUM INDUSTRY STRUCTURE; THE AMERICAN PETROLEUM INSTITUTE CLASSIFICATION OF THE PETROLEUM INDUSTRY; UPSTREAM OIL AND GAS SECTOR; Business Cycle of Upstream; Components of the Upstream Sector; Upstream Oil Company Targets; MIDSTREAM SECTOR; DOWNSTREAM PROCESS AND SECTOR; Distribution of Refined Products; PETROLEUM REFINING; Distillation of Crude Oil; PETROLEUM COMPANIES TYPES; International Oil Companies (IOCs); Nation Oil Companies (NOCs); Operator Companies (or Exploration and Production (E &P) Companies); Types of exploration and production companies; Service Petroleum Companies; Types of service companies; MAIN PETROLEUM COMPANIES PARTICIPANTS IN THE INTERNATIONAL OIL MARKET; SEVEN SISTERS (or ANGLO-SAXON) ; Composition and history; New Seven Sisters
una excelente opcion para iniciar un negocio con un producto de alta calidad en un mercado que esta plagado en la actualidad de fajas desechables. "para nuestros nuevos clientes es como descubrir un oasis en un desierto por la frustracion de haber tenido muy malas experiencias con muchas fajas
CLASSES INVERSÉES, CLASSES "À L'ENVERS" ? ET SI C’ÉTAIT SIMPLEMENT ENSEIGN...Marcel Lebrun
Conférence donnée le 14 avril 2016 dans le cadre du colloque RAPU 2016 (2ème colloque international de la Recherche Action en Pédagogie Universitaire). Ce colloque était organisé par L’institut Supérieur des études Technologiques de Charguia ISET CHARGUIA en collaboration avec le laboratoire interdisciplinaire de recherche en didactique, éducation, formation LIRDEF de l'Université Paul Valéry Montpellier, en partenariat avec l'Association de Promotion et de l'Innovation Pédagogique et Scientifique APIPES.
http://colloquerapu.wix.com/rapu2016
Apparues dans le jargon pédagogique il y a quelques années seulement, les classes inversées constituent aujourd'hui un véritable tsunami dans le monde de la formation de l'école primaire à la formation continue. Nous les voyons à la confluence de plusieurs courants tumultueux : celui des objectifs de l'éducation devenus référentiels de compétences, celui des méthodes dites actives rendant enfin l'étudiant ou l'élève acteur et auteur de ses apprentissages et finalement celui de la "numérisation de l'école" entre virage pédagogique et mirage technologique. Au-delà de cette cohérence potentielle seulement, nombreuses sont les questions : quel avenir pour cette "innovation" confrontée aux murailles des citadelles des savoirs davantage enclines à la fossilisation des pratiques qu'à l'émancipation espérée de l'é-ducation 2.0 ? Quelle "formation" tout au long de la vie et quels rôles pour les enseignants dans un monde où les savoirs sont dorénavant externalisés hors les murs de l'école et où ils seront davantage animateurs sociocognitifs ou curateurs dans des communautés d'apprentissage que récitants ex-cathedra de savoirs aseptisés et somme toute, peu transférables aux contextes socioprofessionnels en mutation rapide ? Le numérique, tout comme les outils fabriqués depuis la nuit des temps par l'humanité, nous rend plus libre mais nous condamne à devenir intelligents … assistons-nous à une nouvelle renaissance ?
El documento habla sobre el uso legítimo de material protegido por derechos de autor en diferentes países. Explica que en Estados Unidos, el uso de material para críticas, comentarios, noticias, educación o investigación puede considerarse uso legítimo según cuatro factores. También menciona que otros países tienen conceptos similares como "negociaciones contractuales de buena fe" que se aplican de forma diferente. Luego brinda información breve sobre los sitios Flickr y YouTube.
Medical Documentation in Emergency Department:Issues and Hurdlesnisaiims
This document discusses medical documentation in emergency departments, including issues, hurdles, and advantages of documentation. It notes that undocumented care is care that was not done. Key hurdles to documentation include time pressure and high patient volumes. Advantages include chronological documentation of care, communication, legal protection, and use for research. The document assessed the perceptions of emergency care providers regarding implementation of an electronic medical record system, finding initial satisfaction associated with perceived usefulness for research. It provides recommendations for overcoming resistance to change, such as communication, education, accepting mistakes, and highlighting benefits.
Canlan Ice Sports Corp. is a Canada-based company that owns and operates recreational ice sports facilities across North America. It owns or manages 22 facilities with 63 sheets of ice. Canlan has grown steadily in recent years through expanding into new US markets and leveraging successful programming. Its strategy focuses on further expansion in the US, increasing facility utilization through programs, and new marketing initiatives. As the largest operator of ice facilities, Canlan has strong brand recognition, customer loyalty, and high barriers to entry due to capital requirements.
Gafisa is one of Brazil's largest homebuilders, with a national footprint and a diverse land bank. In 2009, Gafisa saw increases in launches, pre-sales, revenues and EBITDA compared to 2008. For 2010, Gafisa aims to launch between R$4-5 billion in projects, with 40-45% dedicated to affordable housing through Tenda, and expects an EBITDA margin between 18.5-20.5%. Gafisa also completed the acquisition of the remaining shares of Tenda, diversified its brands and geographies, and secured R$600 million in new financing.
Duratex reported its 1st half 2008 results. Key highlights included:
- Net revenue increased 22.1% to R$314.7 million driven by a 15.7% increase in shipments.
- Recurrent EBITDA was R$90.4 million, up 31.7% with margins of 29.2%.
- Expansion projects were on track to increase capacities for MDF, metal fittings, and vitreous china by the 2nd half of 2008.
- The company's financial position with a net debt to equity ratio of 7.3% allowed it to continue investing in growth opportunities.
CTD Holdings, Inc. companies provide Trappsol® brand cyclodextrins and Aquaplex® brand cyclodextrin complexes to researchers, R&D labs and industrial users in the medical, pharmaceutical, food, and nutritional industries.
The symbol CTDH and trades on the OTCQB.
The 2000 annual report summarizes AutoNation's financial performance for the year. Key points include:
- Revenue increased 7% to $20.6 billion while improving earnings per share 27% to 84 cents per share.
- AutoNation transformed itself in 2000 by closing used vehicle megastores, spinning off its rental group, selling non-retail assets, and reducing expenses by $100 million to focus solely on automotive retail.
- For 2001 and beyond, AutoNation aims to continue growing earnings per share 10-12% annually by leveraging its scale and expanding high-margin opportunities in used vehicles, parts/service, and finance/insurance.
The 2000 annual report summarizes AutoNation's financial performance for the year. Key highlights include:
- Revenue increased 7% to $20.6 billion while improving earnings per share 27% to 84 cents per share.
- AutoNation completed restructuring initiatives to focus solely on automotive retail.
- The company aims to leverage its scale and market position in used vehicles, parts/service, and finance/insurance to grow earnings per share 10-12% annually.
- AutoNation will reinvest cash flows of over $800 million generated in 2000 on upgrading stores and acquiring dealerships to pursue further growth opportunities.
Primero corporate presentation june finalPrimeromine
The document discusses Primero Mining Corp.'s acquisition of the San Dimas gold-silver mine from Goldcorp Inc. for $489 million in 2010. It achieved strong production and financial results in subsequent quarters, with earnings from operations of $13.25 million in Q4 2010. Primero aims to further optimize operations and increase production at San Dimas through continued development, exploration and infrastructure investments over the next few years.
- Marathon Oil Corporation reported a net income of $2.064 billion for Q3 2008, more than double the $1.021 billion in Q3 2007. Revenues increased to $23.446 billion from $16.954 billion.
- Exploration and Production segment income nearly doubled to $939 million due to higher liquid hydrocarbon prices and sales volumes. Oil Sands Mining reported income of $288 million.
- Refining, Marketing and Transportation segment income increased to $771 million due to higher refining margins and crude oil differentials. Integrated Gas income was $65 million.
- Production averaged 379,000 barrels of oil equivalent per day, up from 371,000 in Q3 2007.
The document provides a 1Q09 update from ProLogis including a forward looking statement and key takeaways. It discusses ProLogis' focus on preserving capital through actions like eliminating development starts and reducing dividends. It summarizes progress on simplifying operations, de-risking, and de-leveraging the balance sheet. The document reviews operating fundamentals, development portfolio leasing, industrial market conditions, and risks and opportunities.
This document summarizes CNH Global's financial results for the first quarter of 2009. It reports that net sales were down 2% from the first quarter of 2008 to $3.241 billion, excluding currency effects. Agricultural equipment net sales were $1.174 billion while construction equipment net sales were $480 million. Operating profit declined significantly from the prior year due to lower volumes and negative currency effects, with agricultural equipment operating profit impacted most by volume and market mix changes. The construction equipment business saw a decline in operating profit driven by lower volumes and extended plant closures.
Olmito project aquaculture with investors numbers & graphics fish & prawnsPaulSkillicorn
The Olmito Agriquatics project will treat wastewater from Olmito and Los Fresnos, Texas to produce high quality treated effluent. It will use an innovative system to produce biogas, harvested duckweed, and fish and prawns through aquaculture. The project is expected to generate $3.5 million in pre-tax profits in 2016 from sales of over 1,000 tonnes of tilapia and 100 tonnes of prawns. It will seek $1.3 million from third party investors, offering a 22% dividend on the investment after 4 years along with an option to convert to company shares.
This document summarizes Spectra Energy's third quarter 2008 earnings review. Key points include:
- Ongoing fully diluted EPS was $0.49, a 29% increase over third quarter 2007. All business segments performed well due to robust commodity prices.
- Major 2008 expansion projects are substantially complete and expected to exceed targeted returns.
- Field Services earnings increased 67% from third quarter 2007 due to higher commodity prices and favorable hedge positions.
- The company has a healthy balance sheet and liquidity position with $1.7 billion in available credit as of September 30, 2008.
Clean Energy Investment Trends By Michael Liebreich Of New Energy Finance Jun...hilldor
Total global new investment in clean energy grew from $33.4 billion in 2004 to $148.4 billion in 2007, a 60% annual growth rate. Clean energy investment now accounts for 1% of global fixed asset investment and is over 2.5 times the size of the commercial aircraft industry. Various types of clean energy investments including public markets, asset financing, and venture capital and private equity for companies all reached record levels in 2007 and 2008.
Bunge reported lower earnings in the first quarter of 2009 compared to the same period in 2008. Net income decreased 167% to a loss of $195 million from a profit of $289 million. Earnings per share fell 184% to a loss of $1.76. Total segment EBIT declined 146% to a loss of $203 million. Bunge is decreasing its full year earnings guidance due to challenges including high cost inventories and uncertain economic conditions. However, the company expects a stronger second half of the year supported by tight global soybean supplies.
Spectra Energy reported higher ongoing EBITDA across most business segments in the first quarter of 2008 compared to the same period in 2007. Total ongoing EBITDA for the company increased to $914 million in Q1 2008 from $697 million in Q1 2007. The U.S. Transmission and Distribution segments saw modest EBITDA gains, while the Western Canada Transmission & Processing and Field Services segments reported significantly higher EBITDA due to increased revenues and equity earnings. The Other segment ongoing EBITDA loss widened slightly to $17 million in Q1 2008 from $12 million in the prior year period.
el paso C0A209DE-4313-4A81-8B00-54550DEAC9E8_Barclays_Fixed_Income_032509finance49
El Paso Corporation provides natural gas and related energy products. It has raised its liquidity to $3.3 billion and reduced capital spending thoughtfully in response to market challenges. The company has set 2009 financial targets including EPS of $0.85-1.05 and EBIT of $2.0-2.3 billion. It has a large pipeline backlog that is expected to generate $1.2 billion in incremental EBITDA. El Paso also has significant natural gas and oil reserves and is focusing its $0.9-1.3 billion capital budget on lower-risk exploration and production programs.
el paso C0A209DE-4313-4A81-8B00-54550DEAC9E8_Barclays_Fixed_Income_032509finance49
El Paso Corporation provides natural gas and related energy products. It has raised its liquidity to $3.3 billion and reduced capital spending thoughtfully in response to market challenges. The company has set 2009 financial targets including EPS of $0.85-1.05 and EBIT of $2.0-2.3 billion. It has a large pipeline backlog that is expected to generate $1.2 billion in incremental EBITDA. El Paso also has significant natural gas reserves and is focusing its $0.9-1.3 billion capital budget on lower-risk exploration and production programs.
Pyramid Oil Company is an independent oil and gas exploration and production company incorporated in 1909 and headquartered in California. It focuses on onshore operations in Kern County, one of the largest oil producing regions in the US. As of 2011, Pyramid had over $11 million in total assets including $5.5 million in cash and owned oil and gas leases covering over 21,000 acres. Key company executives include John Alexander, the President and CEO since 2004, and Chairman Michael Herman.
Union Securities Research: Northern Graphite Corp. (TSXv: NGC)Graphite Graphite
- Northern Graphite produces spherical graphite from its Bissett Creek graphite project in Ontario, Canada.
- Tests confirmed the ability to purify Bissett Creek graphite into spherical graphite, which sells at a premium compared to flake graphite concentrate.
- This allows Northern Graphite to add a value-added purification plant and production of spherical graphite, but requires an additional $15 million in capital expenditures.
Marathon Oil Corporation reported net income of $774 million for Q2 2008, down from $1.55 billion in Q2 2007. Revenue increased to $22.225 billion from $16.887 billion. Earnings per share were $1.08 compared to $2.25 in the prior year. Exploration and Production income increased to $828 million due to higher oil and gas prices. Refining income declined to $158 million from $1.246 billion due to lower refining margins. The company is expanding refining capacity in Garyville, Louisiana and upgrading capacity in Detroit.
Cipher Pharmaceuticals is a specialty pharmaceutical company focused on improving existing drugs. It has generated revenue from its first drug, Lipofen, and expects a second revenue stream from CIP-Tramadol ER. Its pipeline includes CIP-Isotretinoin for severe acne, which if approved, could generate substantial revenue given the large market. Cipher has a strong financial position with no debt and cash reserves to fund its operations and ongoing clinical trials.
Radiant Communications Corp. provides Internet protocol-based solutions including high-speed internet access, virtual private networks, web hosting, and business phone services. It offers a range of connectivity options and private networking technologies to small and medium-sized businesses. Radiant aims to capture more of this underserved market by expanding its service portfolio and partnering with industry leaders. It provides cloud computing services connected directly into customers' private networks, including hosting applications and disaster recovery.
Plato Gold Corp is a junior Canadian gold exploration company focused on properties in Northern Ontario, Northern Quebec, and Santa Cruz, Argentina. The company's most advanced project is the Val d'Or Project in Quebec, which has an NI 43-101 compliant gold resource of 30,212 oz indicated and 146,315 oz inferred. Option agreements on two Val d'Or properties and the Timmins Gold Project in Ontario provide funding for exploration to define additional resources. Plato has a diverse project portfolio including both advanced and early-stage gold prospects.
Grand Power Logistics Group is a Canada-based logistics company that provides freight forwarding, customs brokerage, and warehousing services. It has established operations throughout Asia and North America to capitalize on growing demand from China's expanding economy. The company aims to drive growth through expanding service offerings, developing a logistics park, and increasing direct sales and negotiated carrier discounts to boost margins.
Cipher Pharmaceuticals is a drug development company focused on commercializing formulations of marketed molecules using advanced drug delivery technologies. It has three products in its portfolio, including Lipofen which is currently on the US market. CIP-TRAMADOL ER received FDA approval and is expected to launch in early 2011, while CIP-ISOTRETINOIN is in its final Phase III trial and expected to launch in 2012. Cipher's business model involves in-licensing products, advancing them through clinical trials, and then out-licensing them to international partners once approved to generate royalty streams.
Dejour Energy is an oil and gas exploration company focused on projects in western Canada and the United States. It holds interests in over 127,000 acres located in Utah, Colorado, and northeastern British Columbia and Alberta. Dejour's near-term focus is on developing its Woodrush light oil project in Alberta/British Columbia and its Gibson Gulch natural gas project in Colorado. The company offers exploration upside through a variety of early stage projects on its land holdings. As an independent exploration company, Dejour aims to develop conventional oil and gas resources in mature basins in western Canada and the United States.
Red Crescent Resources is a junior mining company focused on zinc, lead, and copper projects in Turkey. It holds three main projects - the Hakkari Zinc Project, Sivas Copper Project, and Tufanbeyli Zinc Project. Red Crescent completed an initial resource estimate for Hakkari and aims to expand resources at all three projects through ongoing exploration. The company seeks to become a low-cost base metal producer in Turkey within five years. Red Crescent recently raised funds and acquired additional projects, positioning it for growth through exploration and potential future production.
ZKsync airdrop of 3.6 billion ZK tokens is scheduled by ZKsync for next week.pdfSOFTTECHHUB
The world of blockchain and decentralized technologies is about to witness a groundbreaking event. ZKsync, the pioneering Ethereum Layer 2 network, has announced the highly anticipated airdrop of its native token, ZK. This move marks a significant milestone in the protocol's journey, empowering the community to take the reins and shape the future of this revolutionary ecosystem.
Cleades Robinson, a respected leader in Philadelphia's police force, is known for his diplomatic and tactful approach, fostering a strong community rapport.
MUTUAL FUNDS (ICICI Prudential Mutual Fund) BY JAMES RODRIGUESWilliamRodrigues148
Mutual funds are investment vehicles that pool money from multiple investors to purchase a diversified portfolio of stocks, bonds, or other securities. They are managed by professional portfolio managers or investment companies who make investment decisions on behalf of the fund's investors.
World economy charts case study presented by a Big 4
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Methanex is the world's largest producer and supplier of methanol. We create value through our leadership in the global production, marketing and delivery of methanol to customers. View our latest Investor Presentation for more details.
The E-Way Bill revolutionizes logistics by digitizing the documentation of goods transport, ensuring transparency, tax compliance, and streamlined processes. This mandatory, electronic system reduces delays, enhances accountability, and combats tax evasion, benefiting businesses and authorities alike. Embrace the E-Way Bill for efficient, reliable transportation operations.
2. investorSCOREcard
Gran Tierra Energy Inc (GTE-T)
Market Overview and Opportunity
Due to the global economic recession, world primary energy consumption dropped 1.1%, the largest percentage-
based decline since 1980. In 2009, Global oil production fell by 2 million barrels per day (2.6%), representing
the largest decline since 1982. Natural gas experienced the greatest decline in use on record with consumption
falling by 2.1%. South and Central America is targeted to have proved crude oil reserves of 198.9 billion barrels and
proved natural gas reserves of 8.06 trillion cubic metres (BP Statistical Review of World Energy, June 2010).
Overview of Projects
Gran Tierra Energy is currently undertaking exploration and production operations in Colombia, Peru and Argentina.
Pending regulatory approval on 10 blocks, the company has a working interest in 32 blocks in Colombia, Argentina,
Peru and Brazil encompassing approximately 8.4 million net acres, and is the operator of 29 of these contract areas:
• Costayaco Field, Putumayo Basin, Columbia, reserves and production platform: light and medium oil reserves,
100% working interest and operator; current production capacity of 19,000 barrels of oil per day gross
• Putumayo Basin, Columbia exploration program: 9 blocks, 719,321 gross acres, 384,328 net acres, includes
the Moqueta oil discovery
• Aquitos Arch, Peru exploration program: 5 blocks, 4.8 million net acres, blocks - 122 and 128 are
100% working interest
• Valle Morado Field, Noroeste Basin, Argentina production and exploration program: oil production
of approximately 800 barrels of oil per day net after royalty, net 1.3 million acres with gas potential, primary
exploration landholder
• New ventures business development in Brazil: Reconcavo opportunity-rich basin, 70% working interest
in 4 blocks pending regulatory approval
Growth Strategy
Gran Tierra Energy’s strategy focuses on establishing a portfolio of producing properties, plus production
enhancement and exploration opportunities to provide a base for future growth. Gran Tierra Energy's plan for growth
is a building block approach:
• Move aggressively to establish a base of production/cash flow, development and exploration opportunities
• Build and consolidate regional positions, leverage and expand strategic relationships
• Add value through drilling
3. investorSCOREcard
Gran Tierra Energy Inc (GTE-T)
Progress and Milestones
• Ongoing production in Costayaco Field
• Columbia drilling program for 2010-2011 currently includes 13 wells with net risked prospective resource
potential of 32 million barrels of oil
• Peru drilling program for 2010-2011 includes 4 exploration wells with net risked prospective resource
potential of 146 million barrels of oil
• Argentina drilling program for 2010-2011 includes 1 gas exploration well, ongoing oil production
• Brazil drilling program for 2010-2011 includes 2 exploration wells with rig mobilization initiated
Investment Highlights
• 20 wells planned in the 2010-2011 drilling program
• 22.1 million barrels of oil of proved reserves at the end of 2009
• 14,000 to 16,000 barrels of oil per day (2010 Production Guidance, Net After Royalty)
• Strong cash flow, no debt
• High working interest in 32 blocks totaling 8.4 million net acres of land
• Strong balance sheet with $293 million in cash and cash equivalents as at June 30, 2010
Management
Dana Coffield
President & Chief Executive Officer
Martin Eden
Chief Financial Officer
Shane O'Leary
Chief Operating Officer
Rafael Orunesu
President, Gran Tierra Energy Argentina
Julian Garcia
President, Gran Tierra Energy Colombia
Júlio César Moreira
President, Gran Tierra Energy Brasil
5. investorSCOREcard
Gran Tierra Energy Inc (GTE-T)
Stock Market Performance Rating 4.3
Stock Market Returns 1,800,000 $8.00
Return Percentile Rating 1,600,000 $7.00
Three Months 31% 82% 4.1 1,400,000
Six Months 19% 74% 3.7 $6.00
Stock Price
1 Year 61% 100% 5.0 1,200,000
Volume
$5.00
3 Years (CAGR) 1,000,000
5 Years (CAGR) $4.00
800,000
$3.00
Market Data 600,000
Price $7.15 $2.00
400,000
Mkt Cap (Mil) $1,677.48
Shs Outstanding (Mil) 234.61 200,000 $1.00
Dividend Yield % 0.0%
Avg Vol Last 3mos. (000's) 1,041.29 - $-
2008
2009
2010
P/E (TTM) 29.8 x
Insider Ownership Rating 5.0
Value of Shares and Options Percent of Ownership
Shares Options Total Value Rating Percent Rating 5.0% Insiders
* Adjusted 0.0% > 10% Holders
# of # of $ Value if Adjusted $
$ Value $ Value if Rating Percent of Rating 95.0% Other
Shares Options Exercised Value
Exercised (Add all) Mkt. Value (Add all)
Dana Coffield
1,801,328 $12,879,495 1,240,835 $8,871,970 $4,435,985 $17,315,480 4.0 0.9% 0.2
President and CEO
Martin Eden Oct-10
14,000 $100,100 720,300 $5,150,145 $2,575,073 $2,675,173 1.1 0.1% 0.0
CFO
Aug-10
Other Officers
3,530,322 $25,241,802 2,253,328 $16,111,295 $8,055,648 $33,297,450 4.0 1.8% 0.4 Jun-10
Apr-10
Board of Directors (excl.
CEO)
4,409,328 $31,526,695 2,777,499 $19,859,118 $9,929,559 $41,456,254 4.0 2.2% 0.4 Feb-10
Dec-09
> 10% Holders - $0 - $0 $0 $0 0.0%
For info only Oct-09
Total (excl. >10% Holders) $69,748,093 $49,992,528 $24,996,264 $94,744,357 4.0 5.0% 1.0 0% 20% 40% 60% 80% 100%
(Max of 4) (Max of 4) CEO CFO
Other Officers Directors
> 10% Holders Public Float
* Adjusted $ Value of Options is 50% of their full value if exercised to account for volatility. Furthermore, our view is that shareholders would rather management owned shares vs. options.
Add: Compensation Type
Category Rating Addition Percent of Compensation
Share and Total Perform- Share and
Salary Perform- Unit Option All Other Comp. ance Unit Option
2.0%
ance Bonus Awards Awards Comp. Bonus Awards Awards
Dana Coffield 24.1% Salary
$286,642 $171,234 $0 $0 $2,326 $460,202 0.25 0.5 0.25
President and CEO Bonus
Martin Eden Shares & Units
$239,824 $136,389 $2,326 $378,539 0.25
CFO Options
Shane O'Leary All Other
$222,944 $147,131 $716,563 $1,733 $1,088,371 0.25 0.25
VP 59.7% 14.1%
Julian Garcia 0.0%
$19,959 $1,048,404 $0 $1,068,363 0.25
President Gran Tierra Columbia
Julio Moreira
$87,069 $45,661 $356,190 $65,857 $554,777 0.25 0.25
President Gran Tierra Brasil Ltda.
Total $856,438 $500,415 $0 $2,121,157 $72,242 $3,550,252 0.25 0.50 0.25
(Max Score)
Bonus: Net Buying/Selling Last Six Months
Insider Holdings Beginning and Ending Value
Transactions
Adjusted Share and
$120,000,000
Rating $100,000,000
Option Value
Buying Selling Net Bonus
$80,000,000
$60,000,000
Dana Coffield, President and CEO $0 $192,500 -$192,500 0.00
Martin Eden, CFO $0 $0 $0 0.00 $40,000,000
Other Officers $0 $10,000 -$10,000 0.00 $20,000,000
Board of Directors (excl. CEO) $0 $296,218 -$296,218 0.00
$-
> 10% Holders (info only) $0 $0 $0
Total (excl. >10% Holders) $0 $498,718 -$498,718 0.00 (Total Score) Beg Trans- Ending
Value actions Value
6. investorSCOREcard
Gran Tierra Energy Inc (GTE-T)
Balance Sheet Analysis Rating 3.7
Short-Term Liquidity Quadrant 3: Quadrant 1:
"RECOVERING" "OPTIMAL"
$ 300.0
+ VE
$ 250.0 Mar-10
Dec-09 Jun-10
$ 200.0
Quadrant Rating Jun-09 Sep-09 Dec-09 Mar-10 Jun-10 $ 150.0
Working Capital $ 176.9 $ 202.6 $ 225.6 $ 270.9 $ 296.2
$ 100.0 Sep-09
Cash Flow Ops (Q in mil) $ 15.0 $ 24.1 $ 59.9 $ 63.8 $ 58.0
Cash Flow
Jun-09
Cash Flow Ops (Ann Q's in mil) $ 60.1 $ 96.5 $ 239.6 $ 255.2 $ 231.9 $ 50.0
Quadrant Rating 4.0 4.0 4.0 4.0 4.0 $-
($50.0)
Addition to Quadrant Rating
Our methodology accounts for the 'nearness' to improving or worsening a Company's quadrant ($100.0)
ranking based on current cash generation/burn rate and working capital position. The ($150.0)
- VE
Company's short term liquidity situation is OPTIMAL. At the current cash generation rate the
($175) ($75) $ 25 $ 125 $ 225 $ 325
Company's working capital will double in 15 month(s). Quadrant 2:
Quadrant 4:
"URGENT" "DRAWING DOWN"
Add: 0.4 - VE Working Capital + VE
Short-Term Liquidity Rating 4.4
Debt to Equity
Jun-09 Sep-09 Dec-09 Mar-10 Jun-10 Utilities
Telecom
Equity
Number of Companies
Materials
Common Stock Equity $ 907.8 $ 838.7 $ 855.9 $ 858.3 $ 920.1 Info Tech
Industrials
Total Equity $ 907.8 $ 838.7 $ 855.9 $ 858.3 $ 920.1
Health Care
Energy
Cons Staples
Debt and Equivalents Cons Disc
Pref. Securities of Sub Trust - - - - -
Pref. Equity Outside Stock Equity - - - - -
Preferred Stock Equity - - - - -
Minority Interest (Bal. Sheet) - - - - -
Short-Term Debt - - - - -
Long-Term Debt - - - - -
Capital Lease Obligations - - - - -
Total Debt and Equivalents $ - $ - $ - $ - $ -
0.00 1.00 2.00 3.00 4.00
Debt to Equity 0.00 0.00 0.00 0.00 0.00
Debt to Equity Rating 3.1 Low Risk Debt to Equity High Risk
Debt to Equity Rating 3.1
Interest Coverage
Jun-09 Sep-09 Dec-09 Mar-10 Jun-10 1.0 x
EBIT 0.9 x
Interest Coverage
Quarterly $ 11.3 $ 25.5 $ 31.1 $ 35.7 $ 35.0 0.8 x
TTM $ 22.8 $ 21.9 $ 60.1 $ 103.6 $ 127.4 0.7 x
N/A
0.6 x
Interest Expense
0.5 x
Quarterly - - - - -
0.4 x
TTM - - - - -
0.3 x
Interest Coverage 0.2 x
Quarterly #N/A #N/A #N/A #N/A #N/A 0.1 x
TTM #N/A #N/A #N/A #N/A #N/A
0.0 x
Jun-09 Sep-09 Dec-09 Mar-10 Jun-10
Interest Coverage Rating
Qtrly Interest Coverage Rating Quarterly
TTM Interest Coverage Rating TTM
Interest Coverage Rating N/A
7. investorSCOREcard
Gran Tierra Energy Inc (GTE-T)
Revenue, EBITDA and EPS Rating 3.8
Revenue (in millions)
Revenue (in milions) on Rolling TTM
$400.00
$350.00
Annual (Fiscal Year) Dec-07 Dec-08 Dec-09
$300.00
Revenue $ - $ - $ 32.1 $ 138.5 $ 276.5
$250.00
Quarterly Jun-09 Sep-09 Dec-09 Mar-10 Jun-10
Basis
Quarter Ending $ 68.0 $ 80.9 $ 96.8 $ 94.5 $ 89.4
$200.00
TTM $ 177.4 $ 215.6 $ 287.9 $ 340.1 $ 361.5
$150.00
Growth Percent Rating Stability R² Rating $100.00
Rev. Growth % TTM 103.8% 5.0
$50.00
Rev. Growth % LFY 99.7% 5.0 Revenue Stability Last 2 Yrs
Rev. Growth % 3 Year CAGR Revenue Stability Last 3 Yrs $-
Rev. Growth % 5 Year CAGR Revenue Stability Last 5 Yrs Jun Jun Jun Jun Jun Jun Jun Jun Jun Jun
Revenue Growth Rating 5.0 Overall Revenue Stability Rating 01 02 03 04 05 06 07 08 09 10
Revenue Growth and Stability Rating 5.0
EBITDA (in millions)
EBITDA (in milions) on Rolling TTM
$ 300.00
Annual (Fiscal Year) Dec-07 Dec-08 Dec-09 $ 250.00
EBITDA $ - $ - $ 11.1 $ 91.1 $ 202.4
$ 200.00
Quarterly Jun-09 Sep-09 Dec-09 Mar-10 Jun-10
Basis
Quarter Ending $ 19.1 $ 33.3 $ 71.1 $ 76.7 $ 70.6 $ 150.00
TTM $ 53.5 $ 58.1 $ 123.5 $ 200.1 $ 251.7
$ 100.00
Growth Percent Rating Stability R² Rating
EBITDA Growth % TTM 370.3% 5.0 $ 50.00
EBITDA Growth % LFY 122.3% 5.0 EBITDA Stability Last 2 Yrs
EBITDA Grwth % 3 Yr CAGR EBITDA Stability Last 3 Yrs $-
EBITDA Grwth % 5 Yr CAGR EBITDA Stability Last 5 Yrs Jun Jun Jun Jun Jun Jun Jun Jun Jun Jun
EBITDA Growth Rating 5.0 Overall EBITDA Stablitity Rating 01 02 03 04 05 06 07 08 09 10
EBITDA Growth and Stability Rating 5.0
Basic Earnings Per Share (EPS*) $0.40
* (excluding acquired in process R&D, restructuring and M&A, special income & charges and discontinued ops)
$0.30
Annual (Fiscal Year) Dec-07 Dec-08 Dec-09
EPS on Rolling TTM
$0.20
EPS $ - $ - ($0.01) $ 0.23 $ 0.06
$0.10
Quarterly (TTM)
Basis
Jun-09 Sep-09 Dec-09 Mar-10 Jun-10
Quarter Ending ($0.14) ($0.01) $ 0.14 $ 0.04 $ 0.07 $-
TTM ($0.11) ($0.33) ($0.01) $ 0.03 $ 0.24
($0.10)
Growth Percent Rating Stability R² Rating ($0.20)
EPS Growth % TTM 318.2% 5.0
($0.30)
EPS Growth % LFY -73.9% 0.0 EPS Stability Last 2 Yrs 7.5% 0.4
EPS Grwth % 3 Year CAGR EPS Stability Last 3 Yrs ($0.40)
EPS Grwth % 5 Year CAGR EPS Stability Last 5 Yrs Jun Jun Jun Jun Jun Jun Jun Jun Jun Jun
EPS Growth Rating 2.5 Overall EPS Stablitity Rating 0.4 01 02 03 04 05 06 07 08 09 10
EPS Growth and Stability Rating 1.4
8. investorSCOREcard
Gran Tierra Energy Inc (GTE-T)
Return On Capital Rating 2.1
Return On Invested Capital (ROIC)
8%
Annual (Fiscal Year) Dec-07 Dec-08 Dec-09
Invested Capital Period Ending $ 737.4 $ 737.4 $ 88.7 $ 1,226.8 $ 1,088.4
6%
Average Invested Capital $ 737.4 $ 737.4 $ 413.0 $ 657.8 $ 1,157.6
4%
ROIC on Rolling TTM
* Net Income $ - $ - ($1.1) $ 28.5 $ 14.6
Add Back: After Tax Interest Expense $ - $ - $ - $ - $ -
Annual ROIC -0.3% 4.3% 1.3% 2%
Basis
Level Rating 1.9 1.9 1.9 2.4 2.1
Consistency Rating 2.0 0%
(2%)
Quarterly (TTM) Jun-09 Sep-09 Dec-09 Mar-10 Jun-10
Invested Capital Period Ending $ 1,161.8 $ 1,094.7 $ 1,088.4 $ 1,085.9 $ 1,151.5
(4%)
Average Invested Capital $ 766.0 $ 960.3 $ 1,146.7 $ 1,118.5 $ 1,116.5
* Net Income ($31.6) ($59.1) ($10.9) $ 7.1 $ 58.3
(6%)
Add Back: After Tax Interest Expense $ - $ - $ - $ - $ -
Quarterly ROIC -4.1% -6.2% -1.0% 0.6% 5.2%
Level Rating 1.5 1.3 1.8 2.0 2.5 (8%)
Consistency Rating 1.8 Jun Jun Jun Jun Jun Jun Jun Jun Jun Jun
01 02 03 04 05 06 07 08 09 10
Return on Invested Capital (ROIC) Rating 2.1
Return On Assets (ROA)
8%
Annual (Fiscal Year) Dec-07 Dec-08 Dec-09
Total Assets Period Ending $ 737.4 $ 737.4 $ 112.0 $ 1,302.4 $ 1,199.1
6%
Average Total Assets $ 737.4 $ 737.4 $ 424.7 $ 707.2 $ 1,250.7
4%
ROA on Rolling TTM
* Net Income $ - $ - ($1.1) $ 28.5 $ 14.6
Add Back: After Tax Interest Expense $ - $ - $ - $ - $ -
Annual ROA -0.3% 4.0% 1.2% 2%
Basis
Level Rating 2.1 2.1 2.1 2.5 2.2
Consistency Rating 2.2 0%
(2%)
Quarterly (TTM) Jun-09 Sep-09 Dec-09 Mar-10 Jun-10
Total Assets Period Ending $ 1,226.9 $ 1,147.4 $ 1,199.1 $ 1,185.9 $ 1,261.3
(4%)
Average Total Assets $ 828.5 $ 1,023.9 $ 1,220.5 $ 1,197.2 $ 1,204.1
* Net Income ($31.6) ($59.1) ($10.9) $ 7.1 $ 58.3
(6%)
Add Back: After Tax Interest Expense $ - $ - $ - $ - $ -
Quarterly ROA -4.1% -6.2% -1.0% 0.6% 5.2%
Level Rating 1.7 1.5 2.0 2.1 2.6 (8%)
Consistency Rating 2.0 Jun Jun Jun Jun Jun Jun Jun Jun Jun Jun
01 02 03 04 05 06 07 08 09 10
Return on Assets (ROA) Rating 2.2
Return On Common Equity (ROE)
10%
Annual (Fiscal Year) Dec-07 Dec-08 Dec-09 8%
Total Equity Period Ending $ - $ - $ 76.3 $ 961.5 $ 855.9
Average Common Equity $ - $ - $ 38.1 $ 518.9 $ 908.7 6%
ROE on Rolling TTM
* Net Income $ - $ - ($1.1) $ 28.5 $ 14.6
4%
Add Back: NA $ - $ - $ - $ - $ -
Annual ROE 5.5% 1.6% 2%
Basis
Level Rating 2.3 2.0
Consistency Rating 2.2 0%
(2%)
Quarterly (TTM) Jun-09 Sep-09 Dec-09 Mar-10 Jun-10
Total Equity Period Ending $ 907.8 $ 838.7 $ 855.9 $ 858.3 $ 920.1 (4%)
Average Common Equity $ 606.4 $ 752.2 $ 894.3 $ 873.7 $ 876.2
(6%)
* Net Income ($31.6) ($59.1) ($10.9) $ 7.1 $ 58.3
Add Back: NA $ - $ - $ - $ - $ - (8%)
Quarterly ROE -5.2% -7.9% -1.2% 0.8% 6.7%
Level Rating 1.5 1.3 1.8 1.9 2.4 (10%)
Consistency Rating 1.8 Jun Jun Jun Jun Jun Jun Jun Jun Jun Jun
01 02 03 04 05 06 07 08 09 10
Return on Common Equity (ROE) Rating 2.1
* Net Income - Excludes Net Income from Discontinued Operations, Income Acquired in Process R&D, Income Restructuring And M&A, and Other Special Income/(Charges)
9. investorSCOREcard
Gran Tierra Energy Inc (GTE-T)
Valuation Rating 2.8
Price to Earnings (P/E)
200.0 x
(Lower numbers receive higher rankings)
180.0 x
Annual (Fiscal Year) Dec-07 Dec-08 Dec-09
160.0 x
* Price $ - $ 3.07 $ 5.80
P/E on Rolling TTM
Earnings Per Share (EPS) $ - $ - ($0.01) $ 0.23 $ 0.06 140.0 x
120.0 x
Annual P/E 13.3 x 96.7 x
Basis
Annual P/E Rating 3.4 0.0 100.0 x
80.0 x
Quarterly (TTM) Jun-09 Sep-09 Dec-09 Mar-10 Jun-10
* Price $ 4.52 $ 6.00 $ 5.80 $ 5.41 $ 7.18 60.0 x
Earnings Per Share (EPS) ($0.11) ($0.33) ($0.01) $ 0.03 $ 0.24 40.0 x
Quarterly (TTM) P/E 180.3 x 29.9 x 20.0 x
Quarterly (TTM) P/E Rating 1.2 0.0 x
Jun Jun Jun Jun Jun Jun Jun Jun Jun Jun
01 02 03 04 05 06 07 08 09 10
Price to Earnings (P/E) 0.6
Price to Book (P/Book)
2.0 x
(Lower numbers receive higher rankings)
1.8 x
Annual (Fiscal Year) Dec-07 Dec-08 Dec-09
1.6 x
P/Book on Quarterly
* Price $ - $ 3.07 $ 5.80
Book Equity Per Share $ 0.95 $ 5.05 $ 3.90 1.4 x
1.2 x
Annual P/Book 0.6 x 1.5 x
Basis
Annual P/Book Rating 4.8 4.5 3.9 1.0 x
0.8 x
Quarterly Jun-09 Sep-09 Dec-09 Mar-10 Jun-10
* Price $ 4.52 $ 6.00 $ 5.80 $ 5.41 $ 7.18 0.6 x
Book Equity Per Share $ 4.34 $ 3.90 $ 3.90 $ 3.68 $ 3.92 0.4 x
Quarterly P/Book 1.0 x 1.5 x 1.5 x 1.5 x 1.8 x 0.2 x
Quarterly P/Book Rating 4.3 3.9 3.9 3.9 3.6 0.0 x
Jun Jun Jun Jun Jun Jun Jun Jun Jun Jun
01 02 03 04 05 06 07 08 09 10
Price to Book (P/Book) 3.8
Enterprise Value to EBITDA (EV/EBITDA)
25.0 x
(Lower numbers receive higher rankings)
EV/EBITDA on Rolling TTM
Annual (Fiscal Year) Dec-07 Dec-08 Dec-09
20.0 x
* Enterprise Value $ - $ - $ 2.0 $ 590.6 $ 1,278.3
EBITDA $ - $ - $ 11.07 $ 91.06 $ 202.39
15.0 x
Annual EV/EBITDA 0.2 x 6.5 x 6.3 x
Basis
Annual EV/EBITDA Rating 4.9 4.1 4.2
10.0 x
Quarterly (TTM) Jun-09 Sep-09 Dec-09 Mar-10 Jun-10
* Enterprise Value $ 950.4 $ 1,294.9 $ 1,278.3 $ 1,265.6 $ 1,690.9
EBITDA $ 53.51 $ 58.10 $ 123.51 $ 200.14 $ 251.65
5.0 x
Quarterly (TTM) EV/EBITDA 17.8 x 22.3 x 10.3 x 6.3 x 6.7 x
Quarterly (TTM) EV/EBITDA Rating 0.7 0.2 3.0 4.2 4.1 0.0 x
Jun Jun Jun Jun Jun Jun Jun Jun Jun Jun
01 02 03 04 05 06 07 08 09 10
Enterprise Value to EBITDA (EV/EBITDA) 4.1
* Price - Delayed 60 days to reflect the fact that financial statements are public approximately 60 days after the last day of the reporting period. For the last period the most recent price is used.
10. investorSCOREcard
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